Getting Paid
Base pay as well as paid time off can be found on this
What is Paystub
This team works to verify employment
What is the Verification of Employment Team
The document used to confirm any new debts that must be included in the client's debt to income ratio.
What is the Credit Inquiry Explanation Letter
F9+5
Docs are currently in DV
Received
Social Security income can be verified using this tax document
What is 1099
These are the originators of the loans
Who are Mortgage Bankers
Written promise-to-pay an agreed upon sum of money by a certain date, and includes all relevant information regarding terms of repayment, interest rate, first payment date, maturity date, etc.
What is a Mortgage Note
Documents are stored here
What is DocViewer
Client cannot provide docs
If a W2 is not yet available we can use this document instead
What is the last paystub for the year
When something seems "fishy" on a loan, we report to this team
Who is the DTRT team
Do the right thing team
A financial statement that reports the income and expenses for a business during a certain time period.
What is a Profit and Loss Statement
Outstanding, Ordered, Revision Requested and Problemed tracking items can be found here
What is active tracking items
CCS Action for completed credit supplement
Received
Child support and alimony income needs to continue for at least this long
What is 3 years
The process of ranking liens on title is worked on by this team
What is the Subordination Team
Notifies the client that they have the right to select their own attorney in connection with the mortgage application.
What is the Attorney Preference form
Address and Social Security number can be found on this page of the General Information Screen
What is Page 3
Client has a scheduled pest inspection for next week Tuesday
Ordered
This is ordered when income type or pay frequency is unclear
What is a WVOE
Escrow Disbursement Hotline
A form that allows the lender to access the client's income tax transcripts directly from the IRS
What is a 4506-C
This resource is to help find the answers to your questions
What is Pathfinder
Problem- Suspend loan