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Become a Wholesale Partner
Thank you for your interest to become a Wholesale Partner with MidCountry Bank
At MidCountry Bank Wholesale Lending, our success is measured by the relationships we build through our partners. You will get personalized service that goes beyond what you would expect because our employees are also owners and we know how important it is for our partners to know their business is appreciated.
We look forward to building a relationship with you as one of our partners.
Please submit copies (unless noted otherwise) of the following items for approval so we can begin our business relationship. For questions, please contact us.
Original signed Broker Application
Original signed Brokerage Agreement
Fair Lending Statement
Loan Fraud Prevention
Most recent two years of corporate tax returns
Most recent Two years of personal tax returns (unless Company meets one of these exceptions: 1. Financial Institution (State or Federally Chartered Bank, Credit Union) 2. Evidence Broker has current HUD approval 3. Corporate tax returns showing a minimum of $500,000 in gross revenues and $250,000 in profit (when depreciation and salaries of principals are added back) and each owner (33% ownership minimum) has a minimum credit score of 680.
Corporate Resolution identifying individuals authorized to execute
documents
Certificate of Incorporation
Articles of Incorporation
Original Completed W-9 Form (Needed for FHA approval)
Original Credit Authorization signed and dated for principal owner
Midex Authorization
List and resumes of key employees and roster of all employees
Two years audited financial statements (Needed for FHA approval)
Quality Control Plan and recent Audit Report (Needed for FHA approval)
Proof of a) approval as a mortgagee by HUD or FNMA; b) a tangible net worth of $250,000; or c) a surety bond or irrevocable letter of credit in the amount of $50,000.
Broker’s current, un-expired License or Registration Certificate (based on individual state licensing or registration)
Please send a package with the requested documents to the address below:
MidCountry Bank
Attn: Wholesale Lending
1001 Labore Industrial Court, Suite E
Vadnais Heights, MN 55110
