Bulletins
B-007 Fee Entry Service Screen
NOTICE TO: Broker Fee Entry Update: Fee Entry Service Screen FLCBank is excited to announce a streamlined Fee Entry submission process. A Fee Entry request form is no longer required to be answered and uploaded. Instead, a new screen has been created in MortgageBot that contains this information and ...
B-006 Updated AMC Pricing – Clear Capital
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 ...
AC-008 Freddie Mac Rental Income Updates
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 ...
B-005 Quarterly Broker Compensation 3-2025
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 ...
AC-007 Convetional and FHA
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 ...
B-004 Updated AMC Pricing – Axis
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 ...
AC-006 – Freddie Mac Credit Updates
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 ...
AC-005 – Income Validations and Transcripts Reminder
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 ...
NDC-001 Updated NDC Jumbo Appraisal Order Process
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 ...
B-003 Updated AMC Pricing – Clear Capital
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 ...
AC – 004 – Preferred Jumbo Updates
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 ...
AC-003 MD State Restriction – All Jumbo Loans Products
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 ...
AC-002 Important Agency Updates
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 ...
B-002 Updated AMC Pricing – Nationwide Appraisal Network
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 ...
BNDC-014 New VA Sponsored Agent and Renewals for 2025
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 ...
