Home Equity Lending Forms by Oak Tree Business Systems, Closed-End and Open-End



		Open-End Home Equity Forms
		Application This Home Application can be used instead of the standard Fannie Mae application if your credit union does not intend to have these types of loans comply with secondary market standards.
		Early Disclosure The first form is the Early Disclosure. This disclosure will exactly reflect your Home Equity Program and will meet current disclosure requirements.
		Federal Reserve Booklet This booklet “When Your Home Is On The Line” must be given to all applicants for an Open-End Home Equity Line of Credit.
		Credit Agreement/Federal Disclosure This is a custom-written document containing the terms of credit, closing statement, and final disclosure requirements. Terms included in this document will reflect the exact nature of your Home Equity Program and will be taken from information you provide us.
		Flood Hazard Insurance This notice is used for those loans where the security property is located in a flood zone.
		Letter to the First Lienholder This optional-use form is used to help you determine the nature of your borrower's first mortgage.
		Security Instrument We have in-stock Mortgages/Deeds of Trust for all 50 states.
		The Rescission Notice This form is structured to allow for the three types of rescission possible with an Open-End Home Equity Program.
		Texas Open-End Lending We include the additional forms required in Texas: The Good Faith Estimate The Acknowledgment As To Fair Market Value The Notice Concerning Extensions of Credit
		Closed-End Home Equity Forms
		The Application This Home Application can be used instead of the standard Fannie Mae application if your credit union does not intend to have these types of loans comply with secondary market standards.
		The Early Disclosure This disclosure is required to be distributed at the time of application for Closed-End Adjustable rate Mortgages (ARMs) and is custom designed to match your credit union’s lending requirements.
		RESPA Loan Forms Certain Closed-End Mortgage Loans necessitate the use of various forms required by the Real Estate Settlement Procedures Act. The most common of these forms are listed below and are included in the package. The Preliminary Truth-In-Lending Disclosure The Good Faith Estimate The Uniform Settlement Statement The Potential Servicing Transfer Disclosure Notice The Flood Hazard Insurance Notice - This notice is used for those loans where the security property is located in a flood zone.
		The Note and Federal Disclosure Statement This document contains the Promissory Note, the Federal Disclosure Statement required by Regulation Z, the Itemization of Amount Financed (optional) and the Credit Insurance Disclosure required by Regulation Z (optional). This form can also contain a customized Variable Rate provision for Adjustable Rate Mortgage Loans.
		Security Instrument In order to ensure wide acceptance of the security instrument, the Mortgage/Deed of Trust is the standard Fannie Mae Mortgage/Deed of Trust.
		The Rescission Notice The Rescission Notice is designed to accommodate both regular Closed-End rescission and Closed-End rescission for refinances within the same institution where additional credit is granted. If you have Oak Tree’s Open-End Home Equity Package, a version of the Rescission Notice is now available that combines the Closed-End Rescission with the type used for Open-End Home Equity Lines of Credit.