Flanagan State Bank TPO - Memo's & Policies

FSB Published Memo's

Check here often to stay up to date on our most recent changes & announcements.

Important Memos

6/29/2018 Important Memo: Initial/Early CD Process, DACA Update, 4th of July Holiday

5/21/2018 Important Memo: Memorial Day, Month End

5/2/2018 Important Memo: Underwriter Changes; Turn Times; Scenarios, Income Review & Questions

3/19/2018 Important Memo: USDA Tax Transcripts update & Correspondent Fee Addition

1/15/2018 Important Memo:Gov Loan Refi Seasoning, Well Water Testing, Tax Transcript Requirements, USDA Procedure Updates, Initial Closing Disclosure, Universal Loan Identifier, VA Appraisal Process, MI & Conventional Loans

1/5/2018 Important Memo: MLK Day, Escrow Repair Holdback Agreement, No Score Borrower Refi, Manufactured Home AUS, Uploaded Docs, POA, Flood Insurance and Escrow Waiver, Property in Flood Zone for USDA financing, Changes after CTC

12/8/2017 Important Memo: Christmas & New Year's Day Holidays

11/15/2017 Important Memo: Thanksgiving Holiday, PMI Disclosures

10/3/2017 Important Memo: Columbus Day, FEMA Disaster Area Update & E-Sign Services

9/25/17 Important Memo: New Conventional Matrix

6/29/17 Important Memo: 4th of July Holiday, New Phone Number for Fundings, PTF Conditions

4/24/17 Important Memo: Updated Electronic Signature Form

4/18/17 Important Memo: 2016 Tax Transcripts, MBot Password Resets/Login, USDA Loans and HOI, USDA 3555-21, Va Termite Inspection

3/1/17 Important Memo: Correspondent and Wholesale Accounts, VA Student Loan Guidance Update

2/13/17 Important Memo: President's Day, E-Sign, VA Rates, Tax Transcripts, Recertifications

1/9/17 Important Memo: FHA MI Update, E-Sign Documents Now Available, Holiday Notification (MLK Jr. Day)

1/4/17 Important Memo: Condition Numbering, E-Sign Documents, 1003 Address Entry, New Cutoff Times for CD Ordering (4pm)

12/13/16 Important Memo: Condition Numbering, Welcome Pete Bullock CSR, Holiday Schedule, Cutoff Time for CD ordering, UW Notes

10/7/16 Important Memo: Columbus Day, USDA Loans, Turn Times, Notes from Underwriting

9/14/16 Important Memo: IRS Technical Difficulties and Rent Free letters of explanation

9/8/2016 Important Memo: CD info, USDA fee Reminder & New Email Address

8/23/2016 Important Memo: Current turn times, New CD Form Request, USDA Fee Update, 600-619 program introduction

7/19/2016 Important Memo: Updated USDA Guidelines

6/16/2016 Important Memo: July 4th, USDA GUS Access, uploading conditions

USDA Set Up Instructions

Uploading Conditions (The Easy Way!)

05/24/16 Important Memo: Memorial Day, Net Tangible Worksheet, Tax Transcript Update, Current turn times, New Resubmission Process

04/29/16 Important Memo: 620 Conventional, Conditions, Turn times, USDA Tax Transcripts Requirements

04/11/16 Important Memo: 2015 Tax Transcripts, General Ordering of Transcripts, New FHA ID, Underwriting Notes, Vendor Screen

03/31/16 Important Memo: New Process for Ordering 4506T

Ordering Setup for transcripts

4506T Instructions

08/25/15 Important Memo: USDA fee change, FHA Case # Request Form, FHA Guideline Update, Closing Turn Time

07/31/15 Important Memo: Staff Changes & End of Month

Pricing Policy
Wholesale Pricing Policy - revised 12/7/15
Correspondent Pricing Policy

FSB Policies

Appraisal Ordering Policy

An Equal Housing Opportunity Lender. Information is intended solely for mortgage bankers, mortgage brokers, financial institutions, and correspondent lenders. Not intended for distribution to consumers, as defined by Section 226.2 of Regulation Z, which implements the Truth-In-Lending Act. Copyright 2014 Flanagan State Bank. Headquarters located at 301 W Falcon Hwy, Flanagan, IL 61740. Phone: 815-796-2264. TPO Division located at 333 Chicago Road, PO Box 302, Paw Paw, IL 61353. Phone: 815-676-0990. All rights reserved. NMLS ID 408461. Nationwide Mortgage Licensing System (NMLS) Consumer Access Website: ww.nmlsconsumeraccess.org. Rates, programs and fees are subject to change without notice.