Guide Update 25-16
:  Schedule of Real Estate Owned (SREO)
Effective:
Schedule of Real Estate Owned (SREO)(Redline).pdf
Schedule of Real Estate Owned (SREO) (Form 4526).xlsm

HIGHLIGHTS

Effective for all Mortgage Loans registered in DUS Gateway as of August 29, 2025:

 

  • the newly created Schedule of Real Estate Owned (Form 4526) must be collected for all financial statement submissions; 
  • updated Part I, Chapter 3, Section 306: Schedule of Real Estate Owned (SREO) adding guidance for Form 4526
    • review, and
    • collection; and
  • revised ACheckTM Timing requirements in Part I, Chapter 3, Section 309: Applicant Experience Check.

 

For your convenience, Form 4526 will be available for use as of July 29, 2025. 

 

Primary Changes

Updated:

  • Part I, Chapter 3, Section 306: Schedule of Real Estate Owned (SREO):
    • stating you must collect a Schedule of Real Estate Owned (Form 4526) from the
      • Sponsor,
      • Key Principal, and
      • Guarantor; and
    • adding guidance for Form 4526
      • review, and
      • collection; and
  • Part I, Chapter 3, Section 309: Applicant Experience Check to revise ACheck Timing requirements.

 

Questions

Please contact Al Lindoerfer at (972) 861-6737, or [email protected], with any questions.