Congratulations. Now that you’ve decided to sign-up to be an M&T approved broker, you probably have a few questions.  A quick overview of the process and documents you’ll need follows.  Please review this information carefully.

Steps to getting approved
Step #1 - Request an application package
Step #2 - Complete the application and assemble requested documents
Step #3 - Application is received & reviewed by M&T’s Seller Administration Department.
Step #4 - Package is either approved, declined or pended.
Step #5 - If pended, an Account Executive or Broker Coordinator will follow-up with you to obtain any missing documentation.

Frequently asked questions
Q. If I’m a start-up company, what type of financials am I required to provide?
A. A beginning balance sheet or start-up financials.

Q. How long does the approval process take?
A. If the package is complete, and M&T does not require any additional documentation, the process takes approximately 3 to 5 business days.

Q. Do financial statement need to be audited for a conventional approval?
A. No. For conventional approvals, an un-audited balance sheet and profit/loss statement or tax returns are acceptable.

Q. What documents am I required to complete / submit?
A. M&T’s Wholesale Approval Submission Checklist includes the following:

• M&T Application ß link to ‘Get Started Now!’ page
• Signed and completed Wholesale Profile E-Mail Authorization
• Signed Mortgage Broker Agreement
• Signed Sponsorship Addendum
• Signed and completed Internet Addendum and Website Access Sheet
• Provide year-to-date financial statements, audited financial statements for the previous two fiscal years, and the HUD Adjusted Net Worth Schedule
• Provide company history and business plan
• Provide copies of mortgage banking licenses for all applicable states
• Provide a staff list and resumes for principals of company
• Provide copies of agency approval letters
• Provide copy of your FHA/VA Quality Control Plan