NQM Prepayment Penalty Matrix
State-by-state Non-QM prepayment penalty allowances, permissible structures, and buy-down pricing adjustments for wholesale originators.
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
Nationwide Prepayment Penalty Framework
Comprehensive statutory matrix outlining allowable prepayment penalty structures (5/4/3/2/1, 3/2/1, 2/1, and 0-penalty) and state-specific restrictions across Corva’s lending footprint.