Job Roles
This job function completes funds disbursements for the loan proceeds.
Who is the Equity Closer?
The "as low as" rate is based on this credit tier.
What is the A+ tier?
This document includes information such as commitment number, vesting, and tax information.
What is a Title Report?
This occurs when the DOT, RTC, or an affidavit is not signed correctly.
What is a full rejection?
On a HELOC, members receive their funds in these 3 forms.
What are checks, VISA Card, in-person/NFO.
This job role provides equity information to members regarding products, services, policies, and rates.
Who is the Equity Processor.
The interest rate plus the fees associated with the loan make up this rate.
What is the APR?
This is a legal document that authorizes another person to act on one's behalf.
What is a POA?
An "Okay to Fund" NP is made by which job role?
Who is the Closer?
This screen is used to verify an amount matches the Net Disbursement Amount.
What is the Initial Calculation Screen?
This job role provides administrative and clerical support to Equity Processing and Closing Branch.
What is the Mortgage Operations Support Assistant?
This type of loan uses the rate sheet that is based on the lock dates.
What is a FEL?
This document is a statement of the final loan terms and closing costs.
What is the Closing Disclosure?
An Application that is not completed causes this type of action.
What is a partial rejection?
The unallocated funds field should reflect this amount.
What is $0?
This job function evaluates real estate titles.
Who is the Equity Title Reviewer?
This type of loan requires a full appraisal if the loan amount exceeds $31,000.
What is a HPML?
This document does not allow corporations, banks, or law firms to act on someone's behalf.
What is a Revocable Living Trust?
This email is used to send requests for starter checks.
What is Equity_Closing_Admin@navyfederal.org?
In Bluezone, this session ID is used to view member account information.
What is CTORP1?
This job function tracks and resolves unrecorded Mortgage discrepancies.
Who is the Equity Closer?
This is the formula to calculate CLTV.
What is the amount of the 1st mortgage and other liens + Amount of the new loan/ property value?
The HUD 1A is specific to this type of loan.
What is a HELOC?
The Map to Net Disbursement box is checked for all payoffs on this type of loan.
What is a HELOC?
In BlueZone, this code is used to credit an account.
What is JVS 04 (account number)?