ALERT – DSCR Minimum Documentation Reminder

As a reminder, all Arc Access Debt Service Coverage Ratio (DSCR) transactions must include the minimum documentation detailed on the Arc Home initial submission forms to ensure a successful loan submission. Effective February 15, 2023, any DSCR loan submission that does not meet the minimum documentation requirements outlined on the submission form will result in a “Doc Check Fail” status until the required documentation is provided.

The current Arc Home Submission checklists are available on our website – you will find Wholesale HERE and Non-Delegated Correspondent HERE.

Important Note: The minimum documentation detailed on the Arc Home initial submission checklists is required at the time of loan submission for ALL loan types, this is a specific reminder of the requirement for DSCR transactions.