Secondary / Rate Lock Department 10/26/2016 1

Transcription

1 Secondary / Rate Lock Department 10/26/2016 1

2 Julio Salazar Chief Financial Officer Julio A. Salazar, Jr. is a Partner and Chief Financial Officer of Residential Home Funding, a mortgage banking company, located in Parsippany, NJ and Briarcliff, NY. Mr. Salazar is responsible for the company s accounting and finances and heads the secondary market department. Prior to joining Residential Home Funding, Mr. Salazar was a founding partner of Home Owner s Asset Co., a licensed mortgage broker located in Briarcliff, NY. In 2003, Home Owner s Asset purchased Residential Home Funding, a NJ mortgage bank, allowing the new entity to originate, underwrite, approve and fund its own mortgage loans. In 2005, Residential Home Funding merged with the Mortgage Corner, a mortgage banker located in NJ. The combined company, named Residential Home Funding, is currently licensed in eighteen states, and has over forty office locations throughout the United States. Mr. Salazar began his career in the mortgage industry as a loan officer at Wall Street Equity Brokers, rising up the ranks to Partner. Prior to his career in the mortgage industry, Mr. Salazar managed a large engineering project in Peru, South America. Mr. Salazar graduated in 1987 from Manhattan College with a BS in Mechanical Engineering and a minor in Business. His is bi-lingual in both Spanish and English. Mr. Salazar is an active member of the National Mortgage Bankers Association and NY Mortgage Bankers Association. He participated as a Rotarian with the Briarcliff Manor, NY Rotary Club. Mr. Salazar has been married to his wife Felicia since 1994 and together they have three daughters, Amanda 18, Ava 15, and Angelica 11. Mr. Salazar enjoys coaching his daughters sports teams, playing tennis, basketball and water sports. 10/26/2016 2

3 Secondary Department Karina Castellanos All loans are priced through Ellie Mae Mortgage Pricing System (MPS), live pricing is used for all loans and products. Please follow the step by step instructions to price and lock your loans. After logging in to Encompass - Under FORMS TAB 10/26/2016 3

4 Secondary Department All loans are priced through Ellie Mae Mortgage Pricing System (MPS), live pricing is used for all loans and products. Please follow the step by step instructions to price and lock your loans. CHOOSE RHF LOCK REQUEST FORM THEN DOUBLE CHECK THE FIELDS AND MAKE SURE YOU CHOOSE YOUR IMPOUNDS 10/26/2016 4

5 CLICK ON GET PRICING 10/26/2016 5

6 THIS WILL INTERFACE WITH THE MPS SYSTEM PLEASE MAKE SURE YOU USE YOUR OWN LOGIN AND PASSWORD WHEN REQUESTING RATES. DO NOT USE ANYONE ELSES. 10/26/2016 6

7 PLEASE MAKE SURE YOU PICK THE CORRECT NUMBER OF DAYS AND CORRECT RATE YOU WOULD LIKE. IF RATE SELECTED IS UNDER PAR, PLEASE MAKE SURE IT MATCHES THE SIGNED FEE AGREEMENT IF THE BORROWER IS PAYING THE BELOW PAR PRICING COST, OR OBTAINED NECESSARY APPROVAL FROM YOUR BRANCH/SALES MANAGER 10/26/2016 7

8 CLICK SUBMIT TO BRING LOCK INFO BACK TO ENCOMPASS YOU HAVE 5 MINUTES TO REQUEST THE LOCK IN THE ENCOMPASS SCREEN. YOU MUST CLICK REQUEST LOCK IN ENCOMPASS TO LOCK YOUR LOAN. JUST PRICING IT IN MPS WILL NOT LOCK YOUR LOAN AND ANY LOANS THAT ARE NOT LOCKED THROUGH ENCOMPASS WITH THE REQUEST LOCK BUTTON WILL NOT BE HONORED. 10/26/2016 8

9 ONCE SUBMITTTED, CLICK REQUEST LOCK REMEMBER: YOU HAVE 5 MINUTES TO REQUEST THE LOCK IN THE ENCOMPASS SCREEN 10/26/2016 9

10 AFTER YOU HAVE COMPLETED YOUR LOCK REQUEST YOU MUST EXIT THE LOAN FILE SO THAT SECONDARY CAN CONFIRM THE LOCK. YOUR CONFIRMATION WILL BE UNDER THE ALERTS TAB OF THE MILESTONE LOG. YOU CAN ALSO PRINT A COPY BY GOING INTO THE LOAN FILE AND CHOOSING THE PRINT ICON AND GO TO CUSTOM FORMS AND THEN CHOOSE RHF LOCK CONFIRMATION. PLEASE REVIEW AS THIS WILL BE YOUR LOCK CONFIRMATION. PLEASE NOTE: WHEN LOCK DESK IS CLOSED YOU WILL NOT HAVE AN OPTION TO SUBMIT INFO BACK TO ENCOMPASS TO LOCK RATE YOU HAVE 3 MINUTES TO COMPLE TE YOUR LOCK IF YOU EXCEED THE TIME YOU MUST RERUN PRICING. YOU WILL NEED TO CONTACT THE LOCK DESK TO UNLOCK THE MPS SCREENS. LOCK DESK IS OPEN FROM 10:30 AM 5:00 PM EST FOR CHANGES, QUESTIONS, OR PRICING SCENARIOS, PLEASE CONTACT THE LOCK DESK AT LOCKS@RHFUNDING.COM PLEASE NOTE THAT ALL REQUESTS TO THE SECONDARY DEPARTMENT MUST BE SENT TO LOCKS@RHFUNDING.COM, THE SUBJECT OF THE MUST INCLUDE THE BORROWER S LAST NAME AND ENCOMPASS LOAN NUMBER. IF YOU NEED TO SEND A REQUEST ON MORE THAN ONE LOAN PLEASE SUBMIT A SEPARATE FOR EACH LOAN USING THE BORROWER S LAST NAME AND ENCOMPASS LOAN NUMBER ON EACH . 10/26/