Wholesale Quick Start Guide. Import Loan. Validate Agents & Loan Information

Transcription

1 Wholesale Quick Start Guide 2510 Red Hill Ave. Santa Ana, CA l Import Loan Validate Agents & Loan Information 1. Click Create New Loan 2. Click Import loan file 3. Choose File to select a Fannie Mae 3.2 file 4. Check the box to acknowledge the disclaimer 5. Click Import 1. Click Status & Agents page 2. Assign the appropriate LO & Processor 3. Click Application Information page 4. Confirm the III. Borrower Info is accurate 5. Click Page 3 to confirm the Interview Date is within 2 business days of today 6. Click Save to confirm any changes Validate Credit Register Loan 1. Click Pricing page 2. Click Application #1 tab 3. Click Manually Enter Credit Report 4. Click Enter Credit 5. Enter the borrower(s) credit scores 6. Click Enter Credit to save 1. Click Property & Loan Info tab to review the Compensation (LPO/BPO), Lock Period, Impounds, etc. 2. Choose your preferred Terms, Amortization Type and Product Type 3. Click Price 4. Find your preferred rate and product 5. Click Register or Request Pre-Lock 6. Check the box to agree with the registration 7. Click Confirm (Optional) Running DU 1. Click Submit to DU (Seamless) page 2. Correct any errors detected 3. Click Next v Page 1 of 5

2 4. Click Re-Issue an Existing Credit Report leaving the Institution & Casefile ID blank 5. Select your Credit Agency 6. Enter your Report ID and Credentials 7. Check Auto-Populate Liabilities from the Credit Report to the Click Next 9. Check DU Findings, Credit Report, & Auto- Populate Liabilities from the Credit Report to the 1003 to pull the DU info into the loan 10. Click Update 11. Click edocs page 12. Click Document List (Optional) Set Closing Costs 13. Click View PDF under 21 Auto-Upload: AUS - DU 1. Click Closing Cost page 2. Click Borrower Responsible Closing Costs 3. Enter the Amount for All Closing Costs, including but not limited to Appraisal Fee, Credit Report, Closing/Escrow Fee, Lender s Title Insurance, Pest Inspection, Recording Fee, Owner s Title Insurance, and all other applicable fees 4. Click + to add an additional fee in Section B, E, and H 5. Click Calculator next to amount 6. Choose Flat Fee to enter an amount 7. Click Save to confirm the fee changes 1. You can only modify fee Amounts. 2. You cannot modify the fee Amounts for Section A or for the Flood Certification and Tax Service Fee in Section B 3. If opted-in to the First American Title Integration, you cannot modify any fee Amounts in Section C, E, or H (Optional) Generate Initial Disclosures 1. Click Disclosures page 2. Confirm the Application Date matches the Interview Date on Page 3 of the Click Order Initial Loan Estimate 4. Verify all requirements are met in the Requirements Checklist 5. Click Next Document Vendor Audit 6. Verify all Warnings do not need correction 7. Click Next Order Document Preview 8. Review the initial disclosures v Page 2 of 5

3 9. Click I have reviewed and accept the previewed Initial Disclosure PDF\ 10. Click Next Complete Request 11. Click edocs page 12. Click Document List Upload Submission Docs 13. Click View PDF under Generated Documents in EDocs page 1. You will need to send separately the Written List of Service Providers and Anti-Steering Disclosure. 2. Upload both documents as 3 Loan Submission Package on the edocs page 4. Choose Loan Submission Package Submit Loan 2. Click Resolve next to Submit: Loan Package for Submission Upload Underwriting Conditions 4. Choose Underwriting Conditions or Doc Request v Page 3 of 5

4 Submit Underwriting Conditions 2. Click Resolve next to Submit: Underwriting Conditions Ready for Review Upload a Change of Circumstance 4. Choose Broker Change of Circumstance Submit a Change of Circumstance 2. Click Resolve next to Submit: Loan Package for Submission Request Lock (At Any Point) 1. Redisclosures may be sent prior to Underwriter review. Failure to meet program guidelines will prompt a follow-up redisclosure 1. Click Pricing page 2. Click Property & Loan Info tab to review the Lock Period and Impounds 3. Click Price 4. Find your preferred rate 5. Click Request Lock v Page 4 of 5

5 Order Appraisal (After Initial Loan Estimate) Order all VA appraisals through the VA Portal Or by ing a VA Appraisal Order Form To appraisalorder@jmaclending.com. Order all other appraisals through Mercury: x Upload Closing Disclosure Docs 3. Click Broker Upload 4. Choose TRID Closing Disclosure Docs & Doc Request Request Initial Closing Disclosure 2. Click Resolve next to Submit: Closing Disclosures Request Upload & Submit Funding Conditions 3. Click Broker Upload 4. Choose Funding Conditions 6. Repeat to upload additional documents 8. your Funder when all funding conditions have been uploaded. v Page 5 of 5