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Income Re-verifications <br /> <br />1. Level One (Income Only): <br /> <br />a. In keeping with the provisions of the borrower’s promissory note and/or loan agreement, <br />AmeriNat will forward an income re-verification package to the borrower. The package will <br />contain instructions and forms needed to complete the re-verification. <br /> <br />b. If the required information has not been received within two weeks, AmeriNat will send a <br />reminder letter. <br /> <br />c. If the borrower fails to respond within the allotted time frame, AmeriNat will notify the Client of <br />the borrower’s non-compliance. <br /> <br />d. Upon receipt of a completed re-verification package, AmeriNat will perform the following tasks: <br /> <br />− Verify that forms are complete and proof of income has been received. <br />− Calculate the borrower’s income to determine continued compliance with the Client’s <br />program requirements for income. <br />− Forward re-verification report to the Client, with a recommendation for continued deferral or <br />amortization. <br />− If the recommendation is to amortize the loan, and the Client approves, AmeriNat will prepare <br />necessary loan documents (additional charges will apply). The loan documents will be <br />forwarded to the Client for borrower and the Client signatures. AmeriNat will record <br />necessary documents and will begin collecting under the new payment schedule. <br /> <br />2. Level Two (Income, Debt, and other Program Requirements): <br /> <br />Includes level one services plus the following: <br /> <br />a. AmeriNat will order credit reports on borrower and will calculate the borrower’s debt to income <br />ratio to determine if borrower has present capacity to make monthly loan repayments; <br /> <br />b. AmeriNat will receive documentation (established by the Client) to determine that program <br />requirements have been met, e.g. continued occupancy, insurance, etc. <br /> <br />c. AmeriNat will forward a re-verification report that includes the status of the borrower’s income, <br />capacity for incurring additional monthly note repayments, and compliance with the Client’s <br />program requirements. <br /> <br /> <br />Property Conditions Profile and Affidavit of Owner <br /> <br />1. Property Conditions Profile: <br /> <br />a. AmeriNat engages a site visit of the owner’s property to determine the outer condition of the <br />dwelling and the condition of detached structures and grounds. Two photos will be taken to <br />Docusign Envelope ID: 2B617463-847A-4D49-A35E-F34CFC91F6B8