SONYMA Form 223/9-17 Page 1 of 13

State of New York Mortgage Agency Post-Closing Loan File Checklist

SONYMA requires, for any lender NOT using SONYMA Express®, that this checklist be completed and submitted with each closed loan file. Each listed document, as applicable, must be checked for accuracy and completeness against this checklist. Please refer to the Submission of Post-Closing Loan Files Training Module for more detailed information. Adherence to this checklist will greatly reduce the possibility of a suspended loan file and will expedite your loan purchase.

ALL OF THE DOCUMENTS LISTED BELOW MUST BE SUBMITTED ELECTRONICALLY VIA BLITZDOCS®. IN ADDITION, CERTAIN ORIGINAL DOCUMENTS, IDENTIFIED BELOW, ARE REQUIRED TO BE DELIVERED TO SONYMA. SONYMA IS UNABLE TO

PURCHASE THE LOAN UNTIL BOTH THE ORIGINAL AND ELECTRONIC DOCUMENTS HAVE BEEN RECEIVED AND ACCEPTED.

SONYMA #: ___________________________________________________ Closing Date: _________________________ Borrower(s) Name: ____________________________________________________________________________________ Property Address: _____________________________________________________________________________________ Lender Name: _____________________________________________ Lender Contact: ____________________________ Telephone #: ______________________ Lender Contact E-Mail Address: ______________________________________ Program: Low Interest Rate Achieving the Dream Habitat for Humanity Home of Your Own Please check all of the following that apply:

Down Payment Assistance Loan (DPAL) RemodelNY Repair Escrow Option Community Land Trust

ENERGY STAR® Labeled Home Homes for Veterans Program Graduate to Homeownership

Neighborhood Revitalization Program Other____________________________________________

The following documents, as applicable, are required to be submitted to SONYMA for purchase consideration.

1. *Recapture Notification and Mortgagor's Affidavit (#211/9-17)* for Non-SONYMA Express® loans ORIGINAL document submitted? Copy of document uploaded to BlitzDocs® Lender name and SONYMA Loan # completed? Borrower(s) and Titleholder(s) name(s) completed? Property Seller(s) name(s) completed? Section entitled “Total persons expecting to occupy the residence (including children)” completed and agrees

with application and tax returns, as applicable?

PART II - GENERAL INFORMATION Borrower(s) and Titleholder(s) name(s) appears in first paragraph and at the top of the page 2? Item 2 is completed? If property is a three- or four-family dwelling, number of units is checked in item 2(D)? If property is a two-to-four family dwelling, item 5 completed? Item 9(A), (B1), or (B2) completed? If a Non-Target Area loan or an Achieving the Dream, Habitat for Humanity, or Home of Your Own Program loan,

item 9(C) completed in full including the section marked "Select all appropriate responses” and “fill in appropriate names and years” as applicable? Note: Eligible Military Veterans are not required to complete this section.

PART III - ACQUISITION COST OF THE RESIDENCE

For existing property, Purchase Price indicated on line 1? Note: Subtract from purchase price any subsidy/grant amount(s), including any DPAL or NRP Assistance, utilized for down payment. Do not subtract any subsidy/grant amount(s) used for closing costs.

For new construction property, is the construction contract price indicated on line 1 and does it include land price, if builder is also Seller?

For new construction property, if land was purchased within the last 2 years, is land price included on line 3 if Seller is different than builder?

If a cooperative, is the pro rata share of the underlying mortgages correctly stated on line 1A? If applicable, is dollar amount of subsidy/grant (including any DPAL and/or NRP Assistance) applied towards down

payment of property indicated on line 2? If NRP Assistance, and repairs are being financed, is the Total Escrow portion of the renovation escrow exceeding

the amount of the NRP Assistance included on line 3? Note: This figure is Line B9 subtract (Line C1 + C2) on the Maximum Mortgage Worksheet.

If the property contains unfinished living space, is the estimated cost to finish the space included on Line 3? (SONYMA requires a contractor’s estimate or the appraiser’s comments to support this amount.)

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If a leasehold property and subject to a ground rent, has the capitalized value (total capitalized rent/total units in the development x 360) been entered on Line 4 and included in the acquisition costs? (See Submission of Pre-Closing Application Files Training Module for more details.)

If the Purchaser(s) is paying closing costs normally paid by the Seller, is the amount of the concession stated in the sales contract included on Line 6?

If personal property is listed and given a value in the contract of sale, has the amount been deducted on line 7? Total acquisition cost has been indicated on line 8? Acquisition Cost is within appropriate SONYMA Purchase Price Limit?

PART IV - INCOME ELIGIBILITY

Part A completed in column entitled "At Loan Application" and “At Loan Closing”? Line 14 completed using current monthly income and includes income for all Borrowers, non-Borrower spouse(s)

and other Titleholders in both columns entitled "At Loan Application" and “At Loan Closing”? Part B shows annualized current gross income in both columns entitled "At Loan Application" and “At Loan

Closing”? Income for all Borrowers, non-Borrower spouses, and any other Titleholders within appropriate SONYMA Income

Limits in effect as of the loan reservation date?

PART VI – CERTIFICATION

Signed by all Borrower(s) and Titleholders(s) in section entitled at "Execution at Time of Loan Application"? Section entitled “Reaffirmation At Title Closing” completed at the time of closing by all Borrower(s) and

Titleholders(s)? Neither section entitled “Execution at Time of Loan Application” nor “Reaffirmation At Title Closing” were signed

by a Power of Attorney? Notary section fully completed? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time of

execution?

2. Property Seller’s Affidavit (Form 210/3-16)*, if applicable

Borrower(s) and Titleholder(s) name(s) appears on Purchaser(s) line? Property address of property being financed appears on Residence line and agrees with contract and title report? Acquisition cost agrees with the amount inserted in Part III, Line 7* of the Recapture Notification and

Mortgagor’s Affidavit (Form 211)? *Note: If loan is a RemodelNY loan, deduct repairs financed (Line B9) from Maximum Mortgage Worksheet on RemodelNY loans) from Line 7 to arrive at the acquisition cost.

Signed by, as applicable, all property Sellers, POA or Executor and names agree with the Contract of Sale and Title?

If document is signed with a POA, is a copy of the POA (recorded or unrecorded) uploaded to BlitzDocs®? Was documentation provided (POA) to evidence individual signing was authorized to do so in the event it is not

the same individual(s) who signed the Contract of Sale? Notary section fully completed? Note: This document must always be notarized. Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time

of execution?

This document is not required for (1) foreclosed properties sold by foreclosing lender or investor (2) new construction

properties where the owner of the land and the builder are separate individuals/entities (3) title has been transferred to a relocation company.

3. Completion Report (Fannie Mae/Freddie Mac Form)

Note: A completion certificate is required if (1) the appraisal was made subject to completion per plans and specifications or (2) the appraisal was made subject to repairs not financed through RemodelNY or (3) an escrow was held post-closing for non-weather related repairs. Repairs not required per the appraiser, that are required by the pool insurer or non-cosmetic repairs noted in the contract, will/may also require a completion certificate.

Borrower(s) name and Lender's name accurately stated? Digital color photographs of completed dwelling or repairs submitted? Form signed and dated by qualified property inspector/appraiser? Completion Report states repairs were completed as required by the appraiser, pool insurer and/or terms of the

contract, as applicable.

SONYMA will purchase a loan subject to non-structural and non-safety related repairs if (1) SONYMA approved an escrow

for weather related repairs or (2) an approved SONYMA non-for-profit provided a rehab grant and will oversee repairs (non-structural and non-safety related) and administer the escrow for these repairs post-closing. In either instance, upon

completion of these repairs, post-purchase SONYMA will require a Completion Report with the final documents.

4. ORIGINAL Mortgage Note (Fannie Mae/Freddie Mac Form 3233 - 1/01)

ORIGINAL document submitted? Copy of document uploaded to BlitzDocs® Date in upper left-hand corner corresponds with the date of the Mortgage? Property address and city is correctly stated? Item 1 specifies Mortgage amount and Lender's name? Item 2 reflects correct loan interest rate? Item 3 (A) reflects the correct initial payment date, maturity date, and location as to where monthly payments

are to be made? Item 3 (B) reflects the correct monthly principal and interest payment?

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Item 6 (A) is completed? Document is signed by all Borrower(s) and Guarantor(s), if applicable? Endorsement without recourse dated as of the Closing Date to the State of New York Mortgage Agency (written

out) is reflected and executed by an authorized officer of the Lender? Note: An Allonge to the Note is an acceptable alternative and must reflect the SONYMA #.

5. ORIGINAL Mortgage (Fannie Mae/Freddie Mac Form 3033- 1/01) with SONYMA Rider to Fannie Mae/

Freddie Mac Mortgage (Form 230/12-00) and other applicable Riders + Signed duplicate ORIGINAL of unrecorded Mortgage and all Riders submitted, if recorded instrument is not

available? Note: Document should not be stamped or typed “Copy or certified true copy”. ORIGINAL recorded document (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? Item A corresponds with the date of the Mortgage Note? Item B reflects name(s) of Borrower(s) and Titleholder(s)? Item C reflects Lender’s full name and other required information?

If Lender is an approved MERS Member and names MERS as the nominee, the applicable MERS as ORIGINAL Mortgagee (“MOM”) language must be incorporated into the Mortgage instrument.

Refer to Submission of Post-Closing Loan Files Training Module for more details.

Item D reflects date of the Mortgage Note, the Mortgage amount, and maturity date? Item H reflects all riders uploaded to BlitzDocs®, as applicable? Under the "Description of Property" section, item A accurately states the correct property address? Property legal description (Schedule "A") matches that of the Title Policy? Is appropriate box checked in Section 25? All Borrowers and Titleholders executed document? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time

of execution? County Clerk's recording stamp affixed?

SONYMA Rider to Fannie Mae/Freddie Mac Mortgage (Form 230/12-00) + Signed duplicate ORIGINAL document attached to Mortgage, if the recorded instrument is not available? ORIGINAL recorded document attached to recorded Mortgage (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? Borrower(s) and Titleholder(s) name(s) accurately specified? Mortgage date, name of Lender and SONYMA # specified? All Borrowers and Titleholders executed document?

Planned Unit Development Rider (Fannie Mae/Freddie Mac Form 3150 1/01), if applicable If the property is a PUD, signed duplicate ORIGINAL attached to Mortgage, if the recorded instrument is not

available? ORIGINAL recorded document attached to recorded Mortgage (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? The Mortgage date is correctly specified? The name of the Lender is correctly stated? The property address is correct? The name of the PUD Declaration is correctly specified? The name of the Planned Unit Development is correctly stated? All Borrowers and Titleholders executed document?

Condominium Rider (Fannie Mae/Freddie Mac Form 3140 1/01), if applicable If the property is a Condo, signed duplicate ORIGINAL attached to Mortgage, if the recorded instrument is not

available? ORIGINAL recorded document attached to recorded Mortgage (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? The Mortgage date is correctly specified? The name of the Lender is correctly stated? The property address is correctly stated? The name of the Condominium development is correctly stated? All Borrowers and Titleholders executed document?

1-4 Family Rider (Fannie Mae/Freddie Mac Form 3170 1/01), if applicable If the property is a two-to-four family property, signed duplicate ORIGINAL attached to Mortgage, if the recorded

instrument is not available? ORIGINAL recorded document attached to recorded Mortgage (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? The Mortgage date is correctly specified? Lender's name is correctly stated? The property address is correctly specified? All Borrowers and Titleholders executed document?

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RemodelNY Repair Escrow Loan Rider (Form R5/12-14), if applicable If the loan is closing with a RemodelNY Repair Escrow option, signed duplicate ORIGINAL attached to Mortgage,

if the recorded instrument is not available? ORIGINAL recorded document attached to recorded Mortgage (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? The Mortgage date is correctly specified? Lender's name is correctly stated? The property address is correctly specified? The date of the RemodelNY Repair Escrow Renovation Mortgage Loan Agreement is correctly specified? All Borrowers and Titleholders executed document?

SONYMA does not permit any additional Riders to be attached to the Mortgage, unless prior-approved by SONYMA.

6. ORIGINAL Consolidation, Extension and Modification Agreement [Fannie Mae/Freddie Mac New York Single

Family 3172 - 1/01 (rev. 5-01)], if applicable, with appropriate Riders Signed duplicate ORIGINAL of unrecorded Consolidation, Extension and Modification Agreement submitted, if

recorded instrument is not available? Note: Document should not be stamped or typed “Copy or certified true copy”.

ORIGINAL recorded document (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? All appropriate Riders, as applicable, are attached to recorded ORIGINAL and duplicate ORIGINAL? Item (A) - Date specified agrees with closing date? Item (B) – Borrower(s), Titleholder(s) & Guarantor(s) name and previous address accurately stated? Item (C) - Lender's name, laws it exists under, and address accurately stated? Item (G) - Property address and location accurately stated? Item #I - Total unpaid principal balance of Notes specified and amount advanced on the closing date is accurately

stated? Item #X - The second box is checked off? All Borrowers and Titleholders executed document? Lender's authorized officer executed document? Borrower(s), Titleholder(s) & Guarantor(s) signatures properly notarized with notary stamp and/or seal affixed

and notary commission was not expired at time of execution? Lender’s authorized bank's officer signature properly notarized with notary stamp and/or seal affixed and notary

commission was not expired at time of execution? Exhibit “A” accurately reflects the Mortgage information and recording information of the Building Note and

Mortgage and if applicable, the gap Mortgage and Note? Exhibit “B” indicates the property description (Schedule A)? Exhibit “C” completed and executed in the manner described on the form’s instructions? Exhibit “D” completed and executed in the manner described on the form’s instructions?

If Lender is an approved MERS Member and names MERS as the nominee, the applicable MERS as ORIGINAL Mortgagee (“MOM”) language must be incorporated into the CEMA.

Refer to Submission of Post-Closing Loan Files Training Module for more details.

7. ORIGINAL Building Note, if applicable

ORIGINAL executed document submitted if a CEMA has been utilized? Copy of document uploaded to BlitzDocs®? Is Building Note endorsed as of the closing date to The State of New York Mortgage Agency?

8. ORIGINAL Recorded Building Mortgage, if applicable

ORIGINAL executed document submitted if a CEMA has been utilized? Copy of recorded document uploaded to BlitzDocs®?

9. ORIGINAL Assignment of Mortgage (Form 202/9-99) +

Signed duplicate ORIGINAL of unrecorded Assignment of Mortgage submitted, if recorded instrument is not available? Note: Document should not be stamped or typed “Copy or certified true copy”.

ORIGINAL recorded document (if available) submitted? Recorded document uploaded to BlitzDocs®? Lender's name as Assignor and address specified?

If Lender is an approved MERS Member and has named MERS as the nominee on the Mortgage, SONYMA requires the Assignment of Mortgage (Form 202) to be executed and recorded in the appropriate county clerk’s office. The

Assignment of Mortgage must come from MERS to SONYMA and must be executed by a MERS certifying Officer of the Lender. Refer to Submission of Post-Closing Loan Files Training Module for more details.

Borrower(s) and Titleholder(s) name correctly stated? Mortgage date, recording information, and amount of loan specified? Property address specified? Document dated and executed by an authorized bank representative and witnessed? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time

of execution? County Clerk's recording stamp affixed?

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Date and recording information of Consolidation/Extension/Modification Agreement cited, if applicable?

10. ORIGINAL DPAL Enforcement Note and Mortgage (Form D1/3-16), if applicable

Signed duplicate ORIGINAL of unrecorded document submitted, if recorded instrument is not available? Note: Document should not be stamped or typed “Copy or certified true copy”.

ORIGINAL recorded document (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? The mortgage closing date is correctly specified? Property county is correctly stated? Borrower(s) and Titleholder(s) name and current address are correctly stated? Mortgagee (Lender) name and address are correctly specified? Item 1 reflects correct DPAL Amount (Recapture Obligation)? Item 2 reflects full property address? Item 4 reflects Lender’s name? All Borrowers and Titleholders executed document? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time

of execution? County Clerk's recording stamp affixed? Property legal description (Schedule "A") matches that of contract, appraisal and Title Policy?

11. ORIGINAL SONYMA Neighborhood Revitalization Fund & DPAL Enforcement Note & Mortgage (Form N1/7-16), if applicable

Signed duplicate ORIGINAL of unrecorded document submitted, if recorded instrument is not available? Note: Document should not be stamped or typed with: “Copy or certified true copy”.

ORIGINAL recorded document (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? The mortgage closing date is correctly specified? Property county is correctly stated? Borrower(s) and Titleholder(s) names and current address are correctly stated? Mortgagee (Lender) name and address are correctly specified? Is NRP Assistance accurately stated? Is DPAL amount accurately stated? Item 1 reflects correct DPAL and/or NRP Assistance combined (Recapture Obligation)? Item 2 reflects full property address? Item 4 reflects Lender’s name? All Borrowers and Titleholders executed document? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time

of execution? County Clerk's recording stamp affixed? Property legal description (Schedule "A") matches that of the Title Policy?

12. ORIGINAL Assignment of Mortgage (Form 202/9-99) + for DPAL and/or NRP Assistance, if applicable

Signed duplicate ORIGINAL of unrecorded Assignment of Mortgage submitted, if recorded instrument is not available? Note: Document should not be stamped or typed with: “Copy or certified true copy”.

ORIGINAL recorded document (if available) submitted? Copy of recorded document uploaded to BlitzDocs®? Lender's name as Assignor and address specified? Borrower(s) and Titleholder(s) name correctly stated? Mortgage date, recording information, and amount of DPAL and/or NRP Assistance combined specified, if

applicable? Property address specified? Document dated and executed by an authorized bank representative and witnessed? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time

of execution? County Clerk's recording stamp affixed?

13. Executed Subordinate Lienholder's Mortgage and Note from Government Subsidized Program (other than

DPAL), if applicable If a subsidy(ies), other than any DPAL subsidy, is being utilized in this transaction, is executed documentation

uploaded to BlitzDocs® (i.e., Mortgage and Note and award letter), verifying the subsidy provider(s) and subsidy amount(s), and is distribution of funds indicated signed by all Borrowers?

Total amount of subsidy(ies) corresponds to amount(s), as stated on the Closing Disclosure?

14. Title Insurance Policy (ALTA Loan Policy 2006) +

If a Preliminary Title Report or Certificate of Title is submitted:

Preliminary Title Report or Certificate of Title uploaded to BlitzDocs®? Title recertified in Borrower(s) and Titleholder(s) name, as of the closing date, if preliminary report is dated prior

to the closing date? Insured amount matches amount on Mortgage and Note? Date of issue (closing date) accurately stated? "State of New York Mortgage Agency" or "Lender, its Successors and/or Assigns" specified as insured? Does the Seller(s) name(s) on the deed agree with the name(s) on the contract of sale?

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Does Schedule A of the policy show the following?

If Mortgage is executed with MERS MOM language, does Sections 1 and 4 on Schedule A state MERS as nominee for the Lender?

Borrower(s) reflected as having fee simple title to land? Mortgage amount and/or recording data accurately stated? If CEMA is utilized and executed with MERS MOM language, does Section 4 on Schedule A state

MERS as nominee for the Lender? Is an itemized schedule of all endorsements which will be included in the final title policy attached to the

Preliminary Title Report? Description of property (Schedule "A") matches that of the Mortgage document? Document reflects marketable title with no liens, encumbrances, encroachments etc. that may adversely affect

SONYMA's security? Amount of DPAL is correct and the DPAL Enforcement Note and Mortgage indicates a second lien position, as

applicable? If an NRP loan, amount of DPAL and NRP Assistance, combined is correct and NRP and DPAL Enforcement Note

and Mortgage indicates a second lien position, if applicable? Date and recording information of Consolidation/Extension/Modification Agreement cited, if applicable?

If the Final Title Insurance Policy is submitted:

Note: A stamped, duplicate ORIGINAL, with an ORIGINAL signature is acceptable. ORIGINAL final title policy submitted? Final title policy uploaded to BlitzDocs®? Is document validated by an authorized officer and/or agent of the title company? Insured amount matches amount on Mortgage and Note? Date of issue (closing date or recording date) accurately stated? "State of New York Mortgage Agency" OR "Lender, its Successors and/or Assigns" specified as insured?

Does Schedule A of the policy show the following: If Mortgage is executed with MERS MOM language, does Sections 1 and 4 on Schedule A state MERS as nominee

for the Lender? Borrower(s) reflected as having fee simple title to land? Mortgage amount and/or data accurately stated? If CEMA is utilized and executed with MERS MOM language, does Sections 1 and 4 on Schedule A state MERS as

nominee for the Lender? Description of property (Schedule "A") matches that of the Mortgage document? Are the New York Standard Endorsement, the Environmental Protection Lien Endorsement, Residential Mortgage

Endorsement (1-4 Family), and the Waiver of Arbitration Endorsement incorporated into the document? Is the applicable ALTA Endorsement(s) attached to the title policy (i.e., Condominium Endorsement, if applicable;

Planned Unit Development Endorsement, if applicable; and Manufactured Housing Unit and Manufactured Housing - Conversion Loan, if applicable, attached?

Are the front and back cover pages of the policy citing the conditions and stipulations uploaded to BlitzDocs®? Schedule A-II references DPAL amount and/or amount NRP Assistance combined, in a secondary lien position. Amount of DPAL and/or NRP Funds is correct and date of the DPAL Enforcement Note and Mortgage indicates a

second lien position, as applicable? Date and recording information of Consolidation/Extension/Modification Agreement cited, if applicable?

SONYMA will accept computerized signatures on any page of the title policy or title report. If a page calls for a counter signature, the page must be signed either by hand or electronically.

For loans utilizing the RemodelNY Repair Escrow option, SONYMA will require a title update to ensure that there are no mechanics liens that may adversely affect SONYMA's security. The title update must be uploaded to BlitzDocs to

SONYMA after all repairs have been completed. SONYMA will not accept the Short Form Title Policy.

15. Hazard and Flood Insurance Binder(s)

Closing date correctly stated? + Borrower(s) name specified? + Property address correctly stated? + Does policy allow for full replacement cost coverage? For cooperatives, does the replacement coverage include

the cost of the project’s facilities? Is deductible less than or equal to 5% of the face amount of the policy? + Is policy valid for one year after closing? + Is Lender ISAOA listed as named insured?

The following insurance requirements apply to CONDOMINIUM, COOPERATIVE & PUD properties only.

If a condominium or cooperative, is the project’s blanket “all risk” policy uploaded to BlitzDocs®?

Does the blanket policy cover all of the general and limited common elements including fixtures, building service equipment, and common personal property and supplies owned by the owners’ association?+

Does the blanket policy also cover all fixtures, equipment, and improvements inside the individual units, whether or not they are part of the common areas? +

Does the blanket policy at minimum protect against loss or damage by fire and all other hazards normally covered by the standard extended coverage endorsement, and all other perils typically covered with similar types of projects? +

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Does the blanket policy’s deductible amount not exceed the lower of $10,000 or one percent (1%) of the policy amount and are funds to cover the deductible included in the owners’ association operating reserve account? +

If the condominium or PUD project is located in a Special Flood Hazard Area, does the condominium/homeowner association maintain a blanket flood insurance policy on the common elements of the project, including machinery and equipment that are part of the building(s)? +

If a PUD, (a) did the Borrower(s) obtain an individual insurance policy as indicated above or (b) does the project’s constituent documents permit for a blanket insurance policy to cover both the individual units and the common elements? In either case, does the policy contain the standard extended coverage endorsement and does not exclude any types of perils normally covered by the endorsement for one- to four-family properties.

If a PUD and the individual unit owners purchase their own insurance, does the homeowners’ association maintain a blanket ”all risk” policy to cover the common area?

If a PUD, are the coverage amounts, deductible amounts and requirements the same as for condominiums except that for individual units covered under a blanket policy, the maximum deductible is the higher of $1,000 or one percent (1%) of the replacement cost of the unit?

If a PUD, does the policy name the homeowners’ association as the insured, must contain the standard mortgage clause and must name Seller, its successors or assigns, as mortgagee.

For condominium and cooperative properties, the policy does not include a co-insurance clause?

The following insurance requirements apply to COOPERATIVE loans only.

Policy is in full force and effect? Policy covers the entire project including each of the individual units? Policy protects against loss or damage by fire and all other hazards normally covered by the standard extended

coverage endorsement, and all other perils typically covered with similar types of projects? Is deductible amount, at minimum, the higher of $1,000 or one percent (1%) of the policy amount and are funds to

cover the deductible included in the owners’ association operating reserve account? If the cooperative building is located in a Special Flood Hazard Area, is a blanket flood insurance policy (maintained

by the cooperative corporation) on the common elements of the project, including machinery and equipment that are part of the building(s) been uploaded to BlitzDocs®?

16. Closing Disclosure for First Mortgage or Cooperative Share Loan Borrower(s) and Seller(s) names specified? Property address correctly stated? Purchase Price correctly stated and agrees with the contract of sale and appraisal? Note: If the Borrower is

receiving a down payment/grant/subsidy, Closing Disclosure should reflect Gross Purchase Price. Loan amount specified and same as approved by pool insurer and SONYMA? Closing date is on or before the expiration date of the rate and pool insurer’s approval? Correct Borrower fees collected (not to exceed SONYMA maximum allowable amount)? If ancillary fees exceed SONYMA’s threshold, was documentation provided evidencing refund of the excess

monies to the Borrower uploaded to BlitzDocs®? Secondary financing grant(s)/subsidy(ies) are stated and equal to the amount on the secondary Mortgage or

Share Loan/Note, Award letters and as approved by the pool insurer and SONYMA? Grant(s)/subsidy(ies) specifically allocated toward closing costs do not exceed the closing costs and prepaid

expenses at time of closing? Appropriate escrows for taxes and insurance(s) + have been collected and qualifying ratios reviewed for impact? If applicable, is the Down Payment Assistance Loan amount reflected as a credit (net of fees associated with

DPAL) and agrees with the amount as approved by the pool insurer and SONYMA? If applicable, the Down Payment Assistance Loan amount does not exceed 3% of the purchase price or SONYMA’s

maximum threshold? If closing costs and/or prepaid expenses increased from loan approval, were qualifying ratios reviewed for impact? If there is a lender credit does it agree with the amount as approved by the pool insurer and SONYMA? Was the recording fee waived for the Assignment of Mortgage, per SONYMA’s exemption? + Was the $500 Property Condition Disclosure Statement supplied or Borrower properly credited, if applicable? If there is a Seller credit towards closings costs, does it agree with the amount on the contract of sale and as

approved by the pool insurer? Are all RemodelNY fees (hard and soft costs) listed and in agreement with the amounts on the SONYMA approved

Maximum Mortgage Worksheet? + If NRP loan, is the NRP Assistance listed as a credit does it agree with the amount approved by the pool insurer

and SONYMA and does not exceed SONYMA’s maximum assistance allowed? + If lender or borrower paid for homeownership counseling (up to $500 on NRP or Graduate to Homeownership),

is there a credit listed and a corresponding invoice? Executed by all Borrower(s) and Property Seller(s)? If document was not executed by the Borrower(s) and/or Seller(s) has a POA or legal equivalent been uploaded

to BlitzDocs® authorizing party to sign on behalf?

17. Closing Disclosure for DPAL or NRP Second Mortgages or Cooperative Share Loan, as applicable

Borrower(s) name specified? Property address correctly stated? Is the Down Payment Assistance and/or amount of NRP Assistance loan amount correctly stated? Closing costs associated with the second mortgage/share loan correctly stated? Was the recording fee waived for the Assignment of Mortgage, per SONYMA’s exemption? + Executed by all Borrower(s)?

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18. Loan Funding Certification (Form 229/6-91) Note: This document is not required if the Lender has executed a Master Loan Funding Certification (Form 248/1-12).

If the wire transfer instructions differ from those previously received by SONYMA, SONYMA is unable to purchase the Mortgage Loan until notified under separate cover of the change in wire instructions by the Lender.

Lender's name, SONYMA Loan Number, Borrower(s), property address, and loan closing date accurately stated? Is either # 1, 2, or 3 checked as required? If #2 is checked, did Lender previously provide SONYMA with a Certificate as to Unsecured Credit Agreement (see

Seller's Guide)? If #3 is checked, did the Lender provide a copy of the Warehouse Agreement and are the Warehousing Bank, the

Purchase Price (loan amount), and the wire transfer instructions completed and accurately stated? Is the document executed by an authorized officer of Lender’s institution, and if #3 is checked, is document

executed by an officer of the Warehousing Bank?

The following documents are required for REMODELNY Loans:

19. ORIGINAL SONYMA RemodelNY Repair Escrow Mortgage Loan Agreement (Form R3/12-14)

ORIGINAL of the Mortgage Loan Agreement submitted? Final version uploaded to BlitzDocs®? The date of the agreement is the same as the closing date? All Borrowers names are accurately stated? The county and the property address are accurately stated? Item 1 reflects the correct Mortgage Loan amount (loan amount plus repair escrow amount)? Item 3 indicates the total renovation cost as stated on line B-9 of the Maximum Mortgage Worksheet? Item 18 reflects the number of months (not to exceed 6 months) to complete the renovation? Document signed and dated by all Borrowers? Document signed and dated by Lender? Approved work specifications or first page of completed Draw Request (Form HUD-9746-A), uploaded to

BlitzDocs®?

20. RemodelNY Repair Escrow Maximum Mortgage Worksheet (#R11/12-16)

Final version uploaded to BlitzDocs®? Line item totals match recap page of Specification of Repairs? Contingency percentage matches consultant recommendation on Specification of Repairs? Number of inspections matches number indicated on Specification of Repairs? Dollar amount of inspection fees match consultant agreement or appraiser invoice for inspections? Number of mortgage payments financed matches months property will be uninhabitable (as estimated by

consultant), if applicable? Consultant fee financed matches consultant fee from consultant agreement/invoice? If an NRP loan, amount of NRP or other subsidies properly listed in Section C? Totals added correctly?

21. Other Required Application Disclosures for all loan types, as applicable

All applicable documents listed below must be uploaded to BlitzDocs®.

Loan Estimate & Acknowledgment: Initial and any required for re-disclosure? Change of Circumstance? Settlement Service Providers List? Servicing Disclosure? Homeownership Counseling Organization List? Homeownership Counseling Disclosure? Privacy Disclosure? ECOA Disclosure?

Document presented to Borrower within 3 days of application? Document includes the right to receive the appraisal verbiage?

Affiliated Business Arrangement Disclosure? FACT Act Notice to Home Loan Applicant provided within 3 days of application? US Patriot Act Notice? Loan Option/Anti-Steering? Intent to Proceed? Credit Authorization? Information Booklet? E-Sign Disclosure? Borrower’s Certification & Authorization? Flood Notice? Lenders Designated Service Providers? Fair Credit Reporting Act Disclosures? Escrow Disclosure? IRS 4056T? US Patriot Act Notice? Loan Option/Anti-Steering?

SONYMA Form 223/9-17 Page 9 of 13

NY Addendum to Loan Application? NY Banker Application Disclosure? NY Interest Rate Disclosure? NY Limitation of Excess Hazard Insurance? NY Right to Select Attorney?

Current versions of SONYMA Forms can be downloaded from our website. Click here for SONYMA Forms. Documentation noted with an asterisk (*) are not required for Borrower(s) using the Neighborhood Revitalization Taxable Program.

+Denotes documentation not applicable to cooperatives.

Submitted by: __________________________________________ Date: ________________________

If this is a COOPERATIVE LOAN, complete the attached Cooperative Share Loan Addendum.

SONYMA Form 223/9-17 Page 10 of 13

State of New York Mortgage Agency Post-Closing Cooperative Share Loan File Checklist Addendum

The following required documents apply to COOPERATIVE loans only. If this is not a cooperative loan, do not complete this section.

Any references below to the term Shareholder shall mean a person or persons who will hold shares of the cooperative corporation, but is not obligated under the note to make loan payments.

The term Borrower shall mean a person or persons who is both a Shareholder and is obligated under the note. The term Debtor shall mean a person who is obligated under the Note.

22. ORIGINAL Cooperative Loan Note (SONYMA Cooperative Exhibit 2/4-99

ORIGINAL signed document submitted? Copy of document uploaded to BlitzDocs®? Top left hand corner - loan amount accurate? Closing date correct? Property Address correct? Item (1) - Principal, Interest Rate and Lender's name accurate? Item (2) - Initial payment date, P&I constant (P&I), maturity date and location of where payments are to be made

correct? Document executed by all Borrowers and Guarantors? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time of

execution? Endorsement without recourse as of the closing date to State of New York Mortgage Agency (written out) affixed

and executed by an authorized officer of the Lender?

23. ORIGINAL Security Agreement - Cooperative (SONYMA Cooperative Exhibit 8/4-99) ORIGINAL signed agreement submitted? Copy of document uploaded to BlitzDocs®? Top right hand corner – loan number, apartment no. and location accurate? Closing date, Borrower(s)/Shareholder(s) name(s) and property location accurate? Lender's name and location specified? Item 1: Loan amount accurate? Item 3: Number of shares, Cooperative Corporation name, Apartment number and location specified? This

information must match the Stock Certificate. Document executed by all Borrowers & Shareholders? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time of

execution?

24. ORIGINAL Consent, if applicable. Note: Provided and executed by Cooperative approving transfer/resale of shares between Seller(s) and Borrower(s), Document is not required if a new Proprietary Lease is provided.

ORIGINAL signed document submitted? Copy of document uploaded to BlitzDocs®? Seller(s) [Assignor(s)] name accurate? All Borrowers/Shareholders name(s) accurate? Proprietary Lease date accurate? Correct number of shares stated? Borrower(s) name(s) accurate? Proprietary rent and surcharges paid to date specified? Document executed by an authorized agent and/or party of the Cooperative Corporation?

25. ORIGINAL Acceptance of Assignment and Assumption of Lease (SONYMA Cooperative Exhibit 3/4-99), if

applicable Note: Required upon transfer of shares between Seller and Borrower. Document is not required if a new Proprietary Lease is provided.

ORIGINAL document submitted? Document uploaded to BlitzDocs®? SONYMA Loan number accurate? All Borrowers/Shareholders names accurate? Proprietary Lease date accurate? Cooperative Corporation name accurate? Apartment number and location referenced? Effective date of assignment in accordance with closing date? Executed by all Borrowers/Shareholders? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time of

execution?

26. ORIGINAL Proprietary Lease (provided by Cooperative Corporation)

ORIGINAL signed document submitted? Copy of document uploaded to BlitzDocs®?

SONYMA Form 223/9-17 Page 11 of 13

29. ORIGINAL DPAL Cooperative Enforcement Note and Security Agreement (Form D2/9-09 Rev.), if applicable

ORIGINAL signed document submitted? Copy of document uploaded to BlitzDocs®? The closing date is correctly specified? All Borrowers/Shareholders name(s) is correctly stated? Lender’s name and address are correctly specified? Number of shares, the cooperative corporation name, and the unit number and building address correctly stated? Item 4 states the correct DPAL amount (Recapture Obligation)? All Borrowers/Shareholders have executed the document? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time of

execution?

30. ORIGINAL Assignment of Loan (SONYMA Cooperative Exhibit 5/4-99) for DPAL, if applicable ORIGINAL signed document submitted? Copy of document uploaded to BlitzDocs®? Lender's name and address correct? Consideration amount specified? Date of DPAL Cooperative Enforcement Note and Security Agreement accurate? All Borrowers/Shareholders names accurate? DPAL amount accurate? Date of Lease, Apartment number and address specified? Number of shares and name of Cooperative Corporation accurate? Stock Certificate number accurate? Security Agreement date matches the date of the DPAL Cooperative Enforcement Note and Security Agreement? Document dated and executed by an authorized officer of the Lender?

31. Executed Subordinate Lienholder's Security Agreement and Note from Government Subsidized Program (Other than DPAL), if applicable

If a subsidy(ies), other than any DPAL subsidy, is being utilized in this transaction, is executed documentation (i.e., Security Agreement and Note and award letter) uploaded to BlitzDocs® verifying the subsidy provider(s) and subsidy amount(s), and is distribution of funds indicated?

Total amount of subsidy(ies) corresponds to amount(s), as stated on the Closing Disclosure?

32. ORIGINAL Stock Certificate (provided and executed by Cooperative Corporation) ORIGINAL signed document submitted? Copy of document uploaded to BlitzDocs®? Cooperative Corporation specified? All Borrowers/Shareholders names accurate? Shares and Stock Certificate number accurate?

Document appropriately reflects Lease date (Closing date), Borrower(s)/Shareholder(s)/Lessee(s) name and correct number of shares?

Is the expiration date of the lease equal to or extend beyond the maturity date of the loan? All Borrowers/Shareholders (Lessees) and Cooperative Corporation (Lessor) executed document? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time of

execution? If an Occupancy Agreement is provided in lieu of a Proprietary Lease, is a statement executed by all Borrowers/

Shareholders attached affirming that the Borrower(s)/Shareholder(s) will not interfere, terminate or refuse to extend the lease prior to the term of the loan?

27. ORIGINAL Assignment of Lease to Lender (SONYMA Cooperative Exhibit 4/4-99) ORIGINAL signed document submitted? Copy of document uploaded to BlitzDocs®? SONYMA Loan number accurate? Loan amount correct? Cooperative Apartment number and location accurate? All Borrowers/Shareholders dated and executed document as of the closing date? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time of

execution?

28. ORIGINAL Assignment of Loan (SONYMA Cooperative Exhibit 5/4-99) ORIGINAL signed document submitted? Copy of document uploaded to BlitzDocs®? Lender's name and address correct? Consideration amount specified? Date of Note accurate? All Borrowers/Shareholders/Guarantors names accurate? Principal Loan amount accurate? Date of Lease, Apartment number and address specified? Number of shares and name of Cooperative Corporation accurate? Stock Certificate number accurate? Security Agreement date in accordance with date specified on Cooperative Note? Document dated and executed by an authorized officer of the Lender?

SONYMA Form 223/9-17 Page 12 of 13

Closing date specified? Document properly executed by Cooperative Corporation?

33. ORIGINAL Stock Power (SONYMA Cooperative Exhibit 9/4-99)

ORIGINAL signed document submitted? Copy of document uploaded to BlitzDocs®? Top right hand corner - SONYMA Loan number accurate? Lender's name accurate? Cooperative Corporation name and number of shares accurate? Document dated and executed by all Borrowers as of the closing date? Document signed by witness at time of closing?

34. ORIGINAL filed National UCC Financing Statement (Form UCC1) (Rev. 5/22/02)

The UCC should be filed against any non-borrowing owner and identify such owner in the body of the UCC.

ORIGINAL filed acknowledgment submitted? Copy of document uploaded to BlitzDocs®? Boxes A and B: Lender’s name and acknowledgment address listed? Boxes #1b and 1c: Borrower(s)/Shareholder(s)/Debtor(s) exact full legal name and property address specified? Boxes #2b and 2c: Co-Borrower(s)/Co-Debtor(s) exact full legal name and property address specified? [0474/0475] Boxes #3a and 3c: State of New York Mortgage Agency and SONYMA’s address specified as the secured party? Box #4: Required SONYMA language, including property address, apartment # and number of shares of capital stock

held with Cooperative Corporation specified? Example: Debtor(s) Interest in (Insert #) shares of stock for (Insert property address, unit #, city, state, zip) plus the Proprietary Lease with (Insert Coop Corporation’s name) and any replacement or additional Stock and any Lease amendments or replacement. This Cooperative financing statement shall be effective until a termination statement is filed.

If the Borrower(s) is utilizing a SONYMA DPAL Loan, does Box #4 of Form UCC1, with respect to the filing of the Share Loan, include the following additional language?

Pursuant to the terms of a certain agreement between the Borrower/Debtor and the Secured Party entitled “Security Agreement – Coop”, the security interest described herein is a first position lien.

Note: If the Borrower(s) is not utilizing a SONYMA DPAL Loan, no additional language is required. Box #6 checked?

35. ORIGINAL filed UCC Financing Statement Addendum (Form UCC1Ad) (Rev. 5/22/02)

ORIGINAL filed acknowledgment submitted? Has the UCC1Ad that was attached to the UCC1 and submitted for filing uploaded to BlitzDocs®? Is the Borrower’s name completed in Box 9b? If more than two Borrower(s)/Shareholder(s)/Debtor(s), is the third Borrower’s name completed in Box 11b?

In Item 12, is the box “ASSIGNOR S/P’s NAME” checked? Is Box 12 of the UCC Financing Statement Addendum (Form UCC1Ad) (Rev. 5/22/02) completed with Lender’s name

and address in Boxes 12a and 12c, respectively?

36. ORIGINAL filed New York UCC Financing Statement Cooperative Addendum (Form UCC1CAd) (Rev. 6/14/01) ORIGINAL filed acknowledgment submitted? Copy of document uploaded to BlitzDocs®? Boxes A and B: Lender’s name and acknowledgment address completed? Box # 19a or 19b checked? Box # 20b completed exactly as stated in Box # 1b of the UCC1? Box # 21a accurately reflects State of New York Mortgage Agency’s name, exactly as stated in Box #3a of the UCC1? Box # 22 appropriately checked? Box # 23 checked as “Residential”? Boxes # 24a through # 24h accurately completed? Box # 25 reflects complete name of the Cooperative Corporation as reflected on the Stock Certificate?

37. ORIGINAL National UCC Financing Statement (Form UCC1) (Rev. 5/22/02) filed for DPAL Loan, if applicable Has a separate Form UCC1 been completed for the DPAL Loan and has an ORIGINAL filed acknowledgment been

submitted? DPAL UCC1 uploaded to BlitzDocs®? Boxes A and B: Lender’s name and acknowledgment address completed? Boxes #1b and 1c: Borrower(s)/Shareholder(s)/Debtor(s) exact full legal name and property address specified? Boxes #2b and 2c: Co-Borrower(s)/Co-Debtor(s) exact full legal name and property address specified? Boxes #3a and 3c: State of New York Mortgage Agency and SONYMA’s address specified as the secured party? Box #4: Required SONYMA language, including property address, apartment # and number of shares of capital stock

held with Cooperative Corporation specified? Example: Debtor(s) Interest in (Insert #) shares of stock for (Insert property address, unit #, city, state, zip) plus the Proprietary Lease with (Insert Cooperative Corporation’s name) and any replacement or additional Stock and any Lease amendments or replacement. This Cooperative financing statement shall be effective until a termination statement is filed.

Does Box #4 of the Form UCC1, with respect only to the UCC filing of the Down Payment Assistance Loan, include the following additional language?

Pursuant to the terms of a certain agreement between the Debtor and Secured Party entitled “Down Payment Assistance Loan Cooperative Enforcement Note and Security Agreement”, the security interest

SONYMA Form 223/9-17 Page 13 of 13

described herein is a second lien which is subordinate to a first-position security interest of the Secured Party filed or to be filed in connection with the collateral described hereinabove.

Is Box #6 checked?

38. ORIGINAL UCC Financing Statement Addendum (Form UCC1Ad) (Rev. 5/22/02) filed for DPAL Loan, if

applicable ORIGINAL filed acknowledgment been submitted?

Has the UCC1Ad for the DPAL Loan that was attached to the UCC1 and submitted for filing been uploaded to BlitzDocs®?

Is the Borrower’s name completed in Box 9b? If more than two Borrower(s)/Shareholder(s)/Debtor(s), is the third Borrower’s name completed in Box 11b? In Item 12, is the box “ASSIGNOR S/P’s NAME” checked? Is Box 12 of the UCC Financing Statement Addendum (Form UCC1Ad) (Rev. 5/22/02) completed with Lender’s name

and address in Boxes 12a and 12c, respectively?

39. ORIGINAL New York UCC Financing Statement Cooperative Addendum (Form UCC1CAd) (Rev. 6/14/01) filed for DPAL Loan, if applicable

Has a separate Form UCC1CAd been completed for the DPAL loan and has an ORIGINAL filed acknowledgment been submitted?

DPAL UCC1CAd uploaded to BlitzDocs®? Boxes A and B: Lender’s name and acknowledgment address completed? Box # 19a or 19b checked? Box # 20b completed exactly as stated in Box # 1b of the UCC1? Box # 21a accurately reflects State of New York Mortgage Agency’s name, exactly as stated in Box #3a of the UCC1? Box # 22 appropriately checked? Box # 23 checked as “Residential”? Boxes # 24a through # 24h accurately completed? Box # 25 reflects complete name of the Cooperative Corporation as reflected on the stock certificate?

40. ORIGINAL Recognition Agreement Note: Either the Aztech or Blumberg form is acceptable

Aztech Form

ORIGINAL document submitted? Copy of document uploaded to BlitzDocs®? Property address and apartment number accurately stated on top of the form? Item #2 – All Borrowers/Shareholders (Lessees) names accurately stated? Loan amount accurate? Document executed by authorized officer of the Cooperative Corporation? Document executed by authorized officer of the Lender? Document executed by all Borrowers/Shareholders?

Blumberg Form

ORIGINAL document submitted? Copy of document uploaded to BlitzDocs®? Item #1 - Cooperative Corporation’s name and address specified? Item #2 – All Borrowers/Shareholders names accurately stated? Item #4 - Lender's name and address specified? Item #5 - Managing Agent’s name and address specified? Item #6 - Number of shares completed and accurate? Item #7 - Apartment number and address of building specified? Item #8 - Loan amount accurate? Item #10 - Date of agreement is same as the closing date? Document executed by authorized officer of the Cooperative Corporation? Document executed by authorized officer of the Lender? Document executed by all Borrowers/Shareholders?

41. Lien Search Note: Refer to Section 2.710(e) of Seller’s Guide for more information.

Search runs to Cooperative Corp., Seller(s) and Borrower(s)/Shareholders for apartment? Search done within sixty (60) days of the closing of loan?

42. No Lien Affidavit (SONYMA Cooperative Exhibit 7/4-99) All Borrowers/Shareholders names accurate? Lender's name specified? Loan amount accurate? Document executed by all Borrowers/Shareholders? Notary Public's execution and notary stamp and/or seal affixed and notary commission was not expired at time of

execution?

Current versions of SONYMA Forms can be downloaded from our website. Click here for SONYMA Forms. Documentation noted with an asterisk (*) are not required for Borrower(s) using the Neighborhood Revitalization Taxable Program.

Submitted by: ____________________________________ Date: ________________________