This document outlines the application requirements, disclosures, and contractual framework for Third Party Originators (TPOs) seeking approval to submit both consumer and business purpose loans to ARDRI. It details required company information and documentation, broker duties and compliance obligations, fraud…
This document outlines the requirements, disclosures, and contractual terms for Third Party Originators (TPOs) seeking approval to submit Business Purpose loans to ARDRI. It details the TPO application process, required company documentation, broker responsibilities, compliance and fraud prevention standards, underwriting…
To help us deliver fast, reliable turn-times and close your Business Purpose loans in 30 days or less, ARDRI requires a set of Minimum Submission Requirements for the initial underwrite and disclosure process. These items ensure your file enters our…
This form is required under Section 440 of Article 12-A of the New York Real Property Law for all mortgage transactions involving ARDRI in the state of New York. It serves as a legal attestation by the referring party or…
The document outlines state-specific eligibility rules for prepayment penalties on Business Purpose Loans, showing where prepayment penalties are allowed, restricted, or must be priced without them.
ARDRI’s P&L doc type guidelines require completion of this packet in its entirely by the borrower’s tax preparer. Instructions for completion are found on this page.
The Business Purpose Anti-Steering Letter is a compliance document that certifies a mortgage loan was originated for business or investment purposes, rather than consumer use. This letter helps ensure that borrowers were not improperly directed toward a specific loan product…
A comprehensive checklist outlining the required documents Underwriting needs when the Borrower is an Entity or Trust.
ARDRI’s formal exception request form must be fully completed for the credit committee to evaluate the request, document the decision, and record the Exception Approval, Counteroffer, or Denial.
For Multi-Family (5+ Units) properties, the Pro Forma Operating Statement must be fully completed to ensure an accurate DSCR calculation. These properties typically incur additional expenses not present in 2-4 unit rental properties.
© 2026 ARDRI LLC. NMLS #2495114. Rates, fees and programs are subject to change without notice. Other restrictions may apply. This information is intended solely for mortgage bankers, mortgage brokers, financial institutions and correspondent lenders. Not intended for distribution to consumers, as defined by Section 1026.2 of Regulation Z, which implements the Truth-In-Lending Act. www.nmlsconsumeraccess.org.
