LLC Certificate (Multi-Member)
Borrower authorization certificate establishing multi-member LLC borrowing authority, resolution of members, and designated signing authority.
Packaging & Submission Instructions
Originator Guidance: Complete and execute this form prior to upload with the initial loan submission package in the Corva Wholesale Broker Portal or Fannie Mae Desktop Originator.
Ensure all borrower signatures, entity documentation (for LLC or corporate borrowers), and applicable disclosures match the 1003 loan application. For assistance packaging this document, contact the Corva Broker Operations Desk at [email protected].
Form Description & Requirements
Document Purpose & Applicability
The Corva LLC Borrowing Certificate (Multiple-Member) is required for all entity-vested transactions involving multi-member Limited Liability Companies. This document formally records the consent of all equity holders, identifies all members with beneficial ownership, and designates the specific authorized managing member permitted to execute loan closing documents, promissory notes, and deeds of trust.
Required Execution Protocols
- Signatures: Must be executed by all members of the LLC, or by the required majority specified in the LLC Operating Agreement.
- Beneficial Ownership Disclosure: All individuals owning 25% or greater equity interest in the entity must be disclosed and must provide personal credit guarantees.
- Resolution Language: Formally ratifies the loan amount, subject property address, and interest rate parameters.
Accompanying Legal Package
Upload the executed certificate along with the operating agreement, certificate of good standing, and government photo identification for all designated signing members into the Corva broker portal.