CORRESPONDENT QUICK REFERENCE GUIDE

Corporate Address
JMAC Lending, Inc.
3200 Park Center Drive, Suite 350
Costa Mesa, CA 92626
949-390-2688
correspondent@JMACLending.com
Hours of Operation: 8:00 a.m. to 5:00 p.m. PST

Loss Payee Clause
JMAC Lending, Inc., ISAOA/ATIMA
3200 Park Center Drive, Suite 350
Costa Mesa, CA 92626

JMAC ID Numbers
MERS ID: 1006380
FHA Lender ID: 1006380
VA Lender ID: 2599900002
DO Sponsorship ID: JMAC Lending, Inc.

Required Documents:

  • Bailee Letter

  • Original Allonge

  • Original Note

  • Power of Attorney, if applicable

  • Trust Certificate, if applicable

Original Collateral Package
JMAC Lending, Inc.
Attention: FUNDING
3200 Park Center Drive, Suite 350
Costa Mesa, CA 92626

NOTE ENDORSEMENT: Pay to the order of JMAC Lending, Inc. without recourse.

Fulfillment Fees
Conventional $1,245
FHA / VA / USDA $1,245
FHA Streamline / VA IRRRL / USDA Assist $750
Jumbo $1,495
Non-QM $1,895
Closed-End Seconds $1,245
Flood Certification $11
(all loans, regardless of flood cert, supplied by seller)
Tax Service Fee (excludes FHA / VA) $65
Non-Fulfillment Fees
Conventional $800
FHA / VA / USDA $800
FHA Streamline / VA IRRRL / USDA Assist $700
Jumbo $1,395
Non-QM $1,395
Closed-End Seconds $800
Flood Certification $11
(all loans, regardless of flood cert, supplied by seller)
Tax Service Fee (excludes FHA / VA) $65
Purchase Review $300

If applicable: Monthly MI, FHA, UFMIP Fee, or VA Funding Fee, or Guarantee Fee is remitted.

Post Funding Adjustments
(Principal Reduction Curtailments, Escrow Funds, Etc.)
JMAC Lending, Inc.
ATTN: POST-FUNDING
3200 Park Center Drive, Suite 350
Costa Mesa, CA 92626
949-390-2640

Borrower Payment Remittance
JMAC Lending, Inc.
ATTN: PAYMENT PROCESSING
3200 Park Center Drive, Suite 350
Costa Mesa, CA 92626
855-738-0931

Trailing Documents
JMAC Lending, Inc.
ATTN: TRAILING DOCS
3200 Park Center Drive, Suite 350
Costa Mesa, CA 92626

Servicing Transfer Date

Loans purchased with > 15 calendar days from the end of the month; the effective servicing transfer date will be the first day of the month following the month of purchase. 

Loans purchased ≤ 15 days from the end of the month; the effective servicing transfer date will be the first day of the second month following the month of purchase.

 
Trailing Doc Penalty
Days
0-20 No Fee
Over 120 $200/Document
Adidional Monthly $200/Document
Fee After $120 days Repurchase
Over 210 Days Repurchase

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