USDA, FHA & VA National Mortgage Lender
USDA, FHA & VA National Mortgage Lender
Channel Options
Flanagan State Bank's Available Channels for Brokers, Banks, Credit Unions, & Mortgage Bankers
FSB offers several ways to conduct business with our team. Please see all the different options we below and choose which best suits your business.
Need to discuss channel options? Please contact your assigned Account Executive.
For banks or credit unions only. This is an alternative to the Assisted Correspondent channel that was previously offered, if the bank or credit union would like to still earn a fee, but not be as involved with the loan process.
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FSB will assign one of our Loan Officers to the client
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The FSB LO with work with the App+5 client to provide the program information and assistance with disclosures and submission of the file.
Program Guide
Contract
LO Needs List
Joint Borrower Authorization
Loan Options Worksheet
Checklist
Disclosure
Appraisal Request Form
Title Request Form
Broker/Wholesale
App+5
For licensed brokers & banks that are not HUD approved to do FHA loans
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FSB contract accommodates the need for Correspondent customers to broker FHA Loans
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Offers a max of 2.75% Lender Paid Compensation
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$999 Underwriting Fee
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Easy sign up process
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Access to the Mortgage Support Team
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Doc prep for initial disclosures
Correspondent Delivery Instructions:
*Closing packages will be sent to the correspondent client. This is to be uploaded to the file in Mortgagebot.
*The original Note, Allonge, & Bailee Letter(if applicable) to be overnighted to FSB.
Flanagan State Bank
Attn: Correspondent Department
333 Chicago Rd, PO Box 302
Paw Paw, IL 61353