What's required to complete a subordination agreement?

1. A complete copy of the title work and/or title agreement.
2. Income verification – most recent paystub.
3. Copy of the Underwriting and Transmittal Summary (1008).
4. Copy of new mortgage credit application (1003).
5. A complete copy of the Loan Estimate.
6. The closing date of the new mortgage.
7. The new mortgage amount.
8. The full name of the new first mortgage lender.
9. A complete copy of the appraisal. If not required for your loan, then Collateral Valuation (Fannie Mae/Freddie Mac) or AVM.
10. The mailing address to send the Subordination Agreement.
11. Contact information including name, phone, and fax number.
12. What kind of new mortgage is it (Term, Rate, Fixed, Variable, etc.)
13. A check for the $250 Subordination charge made out to Blaze Credit Union. Please include your Blaze Account Number or Social Security Number and reference that the check is for a Subordination Agreement.

Mail all of the above items to:

Blaze Credit Union
ATTN: Real Estate Underwriting
2025 Larpenteur Ave W
Falcon Heights, MN 55113

Do not fax or email subordination requests to Blaze. Please do not use staples.

General review/decision (to grant a subordination) process time is 5 business days from the date of receiving above listed items including the $250.00 processing fee. We will fax or email the agreement when it is complete (if requested) and we will mail the original. If you have any questions or concerns, please call us at 651.215.3500.