Lender Resources: Loan Documentation

​​​​​​​​​Summary of Loan Documents​

There are several documents that are required when submitting a Maryland Mortgage Program loan application on behalf of a borrower. Some documents are always required, while others are necessary only under certain conditions or for particular borrowers. This section provides guidance on when and how the documents are managed following submission.

1. Pre-Closing Submission and Review Process

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  1. Following the Pre-Closing Compliance Checklist, Lender submits a pre-closing compliance loan application package in Lender Online e-Docs (CDA documents get downloaded from Lender Online; these are packaged together so that standard docs can be accessed efficiently). Depending on the type of loan, additional documents may be required, as indicated. Maryland Mortgage Program and Down Payment Assistance are separate upload/submissions, but are done during the same Lender Online session.)
  2. The Department reviews and provides a response, usually within 48 hours, outlining to the Lender in Lender Online what outstanding documentation is required, or where changes are necessary.
    Note: Following initial submission, the only​ way to make a change to the loan is by submitting a “Request for Change to Reservation of Funds Form” (also known as Attachment R).
  3. Lenders submit the required or corrected documentation via eDocs.​
  4. Lenders check Lender Online for additional conditions or pre-closing approval status.

2. Closing

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Closing documents include certain items created and provided by the Lender (e.g. first mortgage Note, Deed of Trust, etc.), and some documents that are provided by the Department, or made available to the Lender through Lender Online or this website.

Within the set of documents provided by the Department, several will only be available to complete and create AFTER the pre-closing compliance approval is received. These include:

  • Maryland HomeCredit Certificate
  • Down Payment Assistance Award Letter
  • Closing Instructions
  • Down Payment Assistance Commitment Letter
  • Grant Agreement

3. Post-Closing Submission and Review Process

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Lenders submits the Department’s post-closing compliance packages (Maryland Mortgage Program and Down Payment Assistance are separate upload/submissions, but are done during the same Lender Online session) via eDocs to the Department and U.S. Bank’s post-closing credit package via DocVelocity.

  1. The Department reviews and provides a response, usually within 48 hours, outlining to the Lender in Lender Online what outstanding documentation is required, or where changes are necessary.
    Note: Following initial submission, the only way to make a change to the loan is by submitting a “Request for Change to Reservation of Funds Form” (also known as Attachment R).
  2. Lenders submit the required or corrected documentation via eDocs.
  3. Lenders check Lender Online for the post-closing approval status
  4. U.S. Bank reviews the file submitted via DocVelocity and posts their conditions indicating what outstanding documentation is required, or where changes are necessary. Lender submits via DocVelocity.
    - A condition from US Bank is the Post-Closing Compliance approval Certificate from Lender Online.​ Upon approval, this is sent automatically overnight to US Bank from Lender Online.
  5. Once a loan is fully approved by the Department and U.S. Bank, U.S. Bank will purchase the loan from the Lender.
  6. Upon purchase of the first mortgage loan by U.S. Bank, the Department will automatically schedule reimbursement of regular DPA or ​grant funds within the next two weeks. ​(Certain grant funds get reimbursed directly from U.S. Bank.)

​See Loan ​Process Chart​.