Whats New :

Suspension of RMIC and PMI Insurance Companies

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Effective immediately Cardinal Financial must suspend acceptance of locks, submissions and purchases of all temporary buydowns until the Federal Reserve Board clarifies the process for proper disclosure of temporary buydowns on the updated Truth in Lending disclosure. We will advise once the issue has been addressed by the Fed.

Your Correspondent Team is dedicated to providing a personal level of contact, quick responses and the fastest turn times and to help you fund more loans.

Tips for Quick Funding:

Upload a complete file stacked according to File Submission Checklists under the Forms tab
Upload the loan data from your LOS using a Fannie Mae 3.2 file
Set the loan to FINAL under the Actions tab to submit the loan to Cardinal for purchase
Be responsive to our Review Team if they reach out to you on a loan

"Information provided is for informational purposes only and does not constitute legal advice. Readers should not rely on it as such. No one should attempt to interpret or apply any law without the aid of an attorney."

Any questions regarding these topics should be directed to your Legal Counsel /Quality Control or Compliance Department.

www.cfccorrlending.com

800-327-0969

444 Jacksonville Rd - Warminster, PA 18974

Licensed Mortgage Banker - CT, DE, DC, FL, GA, IN (First Mtg Only), MD, MA, MI, NJ, NC, OH, PA, SC, TN, VA, & WV

State Licensing

Cardinal Financial Company, LP, 444 Jacksonville Road, Warminster, PA 18974

To check the Colorado license status of your mortgage loan originator, visit http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Licensee #16020; Massachusetts Licensed Lender #ML3285; Minnesota – This is not an offer to enter an interest rate lock-in agreement; Licensed by the New Jersey Department of Banking and Insurance; Licensed First Mortgage Banker and Secondary Mortgage Lender by Pennsylvania Department of Banking; Licensed by the Virginia State Corporation Commission; License No.MC-1825. Equal Housing Lender.