Loading...

Policies and Procedures

Details on Appraisal Transfers, Trust & Lock Policy and CEMA Approvals.
Appraisal Transfers
The following guide contains procedures for Transferred Appraisals, as well as some frequently asked questions about this process.

Download
CEMA Approval
New Penn requires all loans for which a CEMA will be prepared to be closed using a New Penn CEMA approved attorney, as found on the following list.

Download
CEMA Attorney Info
New Penn requires all loans for which a CEMA will be prepared to be closed using a New Penn CEMA approved attorney, as found on the following list.

Download
Closing Agent Approval
To obtain closing agent approval with New Penn, we will require the information contained in this document, to be provided to your assigned Account Manager.

Download
Credit Enhancement Policy
The policy sets forth (1) the score range and credit profile required to pursue credit enhancement; and (2) documentation requirements and process for credit rescoring

Download
Disaster Policy
When a property is located in a Presidential Declared Disaster Area, we must verify the structure is sound and not negatively impacted by the Disaster.

Download
Loss Payee and Insurance Info
This Document contains New Penn's Mortgagee Clause and Loss Payee Clause, as well as Title and Insurance Requirement Highlights.

Download
Trust Policy
This guide contains an overview of New Penn Financials Trust Policy and Procedures. If you have any questions, please don't hesitate to call your Account Executive.

Download
Lock Policy
Our lock policy should answer most of your questions regarding the lock process and pricing guidelines.

Download
Fannie Mae Guidelines
This link takes you to Fannie Mae's Single Family Guides.

Download
FHA Handbook
Here's the link to the Federal Housing Administration’s (FHA) Single Family Housing Policy Handbook 4000.1 (SF Handbook).

Download
Freddie Mac Guidelines
Here's the Freddie Mac Single-Family Seller/Servicer Guide for your reference.

Download
USDA Handbook
This takes you to The Regulations and Guidelines section of the United States Department of Agriculture Rural Development website.

Download
VA Handbook
This takes you to the Web Automated Reference Material System (WARMS) page of the U.S. Department of Veterans Affairs website.

Download

If you have more questions contact us here