(Rule 50.01 IDAPA 12.01.10.50.01)

ATEC Mortgage Consultants, Inc.

DBA:  Mortgage Solutions

321 N Main Street

Bellevue, ID  83313

208-788-8800 phone

208-788-9608 fax

1-800-788-8009 toll free

We are acting as a Mortgage Broker licensed to do business in the State of Idaho.

We are acting as an Agent on your behalf.

ATEC Mortgage Consultants, Inc. shall use its best efforts to obtain a satisfactory mortgage loan commitment on behalf of/for Borrower, and for compensation will perform services normally and customarily performed in connection with the origination of mortgage loans.  These services may include the following:

• Taking information from the borrower and filling out the application;
• Analyzing the prospective borrower income/debt and pre-qualifying the prospective borrower to determine the maximum mortgage said borrower can afford;
• Educating the prospective borrower in the mortgage financing process, including but not limited to, loan products, closing costs, monthly payments and post-closing changes to rate/payment if applicable;
• Collecting financial information and related documents;
• Verifying employment and assets;
• Verifying mortgage and rental histories;
• Ordering appraisals, inspections, flood certifications and preliminary title reports;
• Providing state and federal disclosures such as, but not limited to, good faith estimates, truth in lending statements and privacy policies;
• Ordering credit reports and assisting borrower in understanding credit problems, credit scores and their affect on the financing request;
• Maintaining regular contact with the borrower and their designated parties to keep them apprised of the status of the application;
• Ordering and satisfying conditions of a loan approval;
• Ordering/preparing closing documents;
• Explaining, in detail, any and all compensation received by BROKER/LENDER from BORROWER, and/or on behalf of BORROWER or Borrower’s  loan, however paid, whether received directly (front end) or indirectly (back end).

Borrower agrees to provide ATEC Mortgage Consultants, Inc. true, complete and accurate information upon request.  Borrower agrees to secure any information or documentation that ATEC Mortgage Consultants, Inc. may not be able to obtain due to policies of employers, lending agencies, government agencies, etc.  Borrower agrees to pay costs associated with securing said information, if any.

Borrower acknowledges that acceptance and processing of a loan application does not constitute a commitment to lend, nor does it constitute an approval of said application. Borrower understands that the terms and conditions requested are available at the time of application, but that they may change without notice and that Borrower’s  application may not meet the requirements for those terms and conditions.

Borrower understands that the application may be cancelled in writing at any time.  However, if third party costs have been incurred by ATEC Mortgage Consultants, Inc., such as appraisal and credit report, Borrower agrees to reimburse ATEC Mortgage Consultants, Inc. for said third party costs upon receipt of a written itemized statement of costs incurred.  ATEC Mortgage Consultants, Inc acknowledges that if it is unable to obtain a satisfactory commitment for Borrower, within three (3) business days of receiving a written cancellation from Borrower and the receipt of any third party cost reimbursement, such as appraisal and credit report costs, ATEC Mortgage Consultants, Inc will assign all rights, title and interest in the appraisal, and transmit said appraisal and any documentation provided by the Borrower, to the licensed BROKER/LENDER requested by Borrower.