Bulletins

NOTICE TO:  Broker   IMPORTANT ANNOUNCEMENT: Updated AMC Vendor Pricing 2025 Update: March 24, 2025, we have updated the Clear Capital pricing as one product was omitted by the vendor in error.  The information below was released on February 12, 2025, and is still applicable.  The link below contains the ...

NOTICE TO ALL CUSTOMERS   Freddie Mac Rental Income Updates FLCBank informs customers of the recent credit updates published by Freddie Mac via Bulletin 2025-1 updating the requirements for the use of rental income from: A non-subject investment property purchased or placed in service in the current calendar year or ...

NOTICE TO BROKERS   FLCBank 2025 Compensation Policy and Changes to Compensation   FLCBank allows adjustments to compensation once a quarter; four total adjustments per calendar year. Any requests submitted on the wrong form or without a reason included will not be accepted. Upcoming Compensation Adjustment Date:   To make ...

NOTICE TO ALL CUSTOMERS   Conventional and FHA Credit Updates FLCBank notifies customers of the recent updates made on various topics on the loan programs listed below: Conventional Old Policy New Policy The non-permanent resident alien’s Visa or EAD card should have no less than 12 months remaining at the ...

NOTICE TO:  Broker   IMPORTANT ANNOUNCEMENT: Updated AMC Vendor Pricing 2025 Effective March 11, 2025 and after, all appraisal orders placed in Mortgagebot LOS will have updated pricing for the AMC Vendor shown below: Utilize the updated fees when quoting the appraisal fee for the Loan Estimate (LE). AMC: Axis ...

NOTICE TO ALL CUSTOMERS Important Freddie Mac Credit Updates FLCBank notifies customers of the recent updates made by Freddie Mac via Bulletins 2024-16 and 2025-1 announcing expanded LTV/TLTV requirements for Automated Collateral Evaluation (ACE) on purchase transactions. This update is effective for loans submitted and resubmitted to Loan Product Advisor ...

NOTICE TO ALL CUSTOMERS   Income Validations Reminder Tax Returns and Transcripts are required for borrower(s) whose “self-employment” or “other” income sources are being utilized for the repayment of the mortgage. The number of years for tax returns and transcripts being required is based on the AUS findings except on ...

NOTICE TO NON-DELEGATED CORRESPONDENTS   IMPORTANT ANNOUNCEMENT: Updated NDC Jumbo Appraisal Order Process FLCBank has updated the NDC Jumbo Products Appraisal Order Process with updated fees.  Effective February 18, 2025, all appraisal orders placed on the Clear Capital website will have updated pricing. Utilize the updated fees when quoting the ...

NOTICE TO:  Broker   IMPORTANT ANNOUNCEMENT: Updated AMC Vendor Pricing 2025 Effective 2/18/2025 and after, all appraisal orders placed in Mortgagebot LOS will have updated pricing for the AMC Vendor shown below: Utilize the updated fees when quoting the appraisal fee for the Loan Estimate (LE). AMC: Clear Capital Process ...

NOTICE TO ALL CUSTOMERS   Important Preferred Jumbo Updates FLCBank’s Preferred Jumbo Guidelines have been updated with 2025 Jumbo Loan Amounts starting at $806,501. Other Good News updates include: Maximum ratios increased from 38/41% to 38/43%. (1st Time Homebuyer ratios remain the same 33/38%) Reduced the length of time for ...

Suspension of Jumbo Loan Financing in Maryland Effective today February 5, 2025, FLCBank’s is no longer providing financing and/or purchasing Jumbo loans for properties located in the state of Maryland due to recent changes in licensing requirements for secondary market mortgage loan purchasers, including private label securitization trusts in this ...

NOTICE TO ALL CUSTOMERS Important Agency Updates FLCBank provides customers with updates from the agencies on different topics as follows: Fannie Mae I         DU Update – Version 12.0: Fannie Mae implemented DU Version 12.0 the weekend of January 11, 2025. The changes in this release apply for ...

NOTICE TO BROKERS Important Announcement: Updated AMC Vendor Pricing 2025 Effective 2/1/2025 and after for appraisal orders placed in Mortgagebot LOS for the AMC Vendor shown below.  The AMC has updated pricing; please use these updated fees when quoting the appraisal fee for the Loan Estimate (LE).    Nationwide Appraisal ...

NOTICE TO ALL BROKERS AND NON-DELEGATED CORRESPONDENTS   New VA Sponsored Agents and Renewals for 2025   To originate VA loans with FLCBank you must have a VA Sponsored Agent relationship with FLCBank.  In December 2024, VA’s process is changing and should allow for quicker processing of our agent requests ...

NOTICE TO ALL CUSTOMERS CFPB Annual Adjustments for Qualified Mortgages (QM) Points and Fees Thresholds The CFPB’s final rule for the 2025 Regulation Z annual threshold adjustments for ATR/QM and HOEPA points and fees test and adjusted total loan amounts effective January 1, 2025, has been announced and the new ...