Documentation:
$150.00 fee – payable to Illinois State Credit Union. This fee is required before the original subordination agreement will be released.
Copy of new appraisal or alternate valuation method used to determine value. If waiver was granted DU Findings must be submitted.
DU Findings (if applicable)
Copy of 1003 (member loan application)
Copy of 1008 (Uniform Underwriting and Transmittal Summary)
Copy of Title Commitment
Borrowers Authorization
Prepaid UPS Label for return
Delivery Methods:
Secured Submission - CLICK HERE
Overnight – Illinois State Credit Union, 1408 Airport Rd., Bloomington, IL 61704
Email – mortgages@itsmycreditunion.org
Turnaround Time
Submission of all materials does not gaurantee approval.
Decision on all subordinations are typically made within 72 hours of receipt of all requirements listed above. Turnaround times could be extended during peak workload periods.
Status inquiries can be made to: Mortgages@itsmycreditunion.org