Required Documentation for Piggyback Transactions
• Final Approval from first lien lender showing all conditions met• Final Closing Disclosure from first lien to confirm final CLTV/HCLTV and DTI calculation
• Title policy from first lien transaction should use a supplemental title policy to the first lien transaction that must include title insurance, CPL, and Wire Instructions
• Use of a first lien appraisal is acceptable. Review the Appraisal Requirements section for additional information
• Agreement of sale on purchase transactions
• Piggyback refinance or purchase transactions are not permitted in Texas
Wholesale Only:
• Spring EQ to perform closing agent validation audit prior to closing