Module 1: Introduction

In a mortgage transaction, the lender will request several documents for risk assessment and mitigation, compliance, applicant eligibility, and to fulfil investor requirements. This Hands-On Guide to Documentation: Disclosures will cover documentation that is generally requested by lenders during the origination stage of the mortgage lifecycle.

How this Hands-On Guide Works

This guide addresses different types of documentation that a member of the Disclosures Desk may review. It is important to keep in mind that not all the documents listed in this guide may be seen in every loan file.

Module 2 covers loan documentation, including applicant documents, documents issued by the Disclosures Desk, compliance documents, and more.

Module 3 covers property documentation, which includes terms of the contract, value, condition, costs associated with owning the home and the ownership history/title to the property.

For each document, the guide will provide a brief description of the document and indicate the document’s context, key takeaways, and important items to be aware of during review.

• Context: Items that help identify the document. Highlighted in green.

• Key takeaways: Important items that should be reviewed once the document is received to ensure completeness and accuracy. Highlighted in blue.

• Important notes: Things to keep in mind when reviewing documents.