Prequalification
Type of letter issued to a client for an AUS Accept in iOriginate
What is a Prequalification Letter?
Where can you confirm a Client has opted in for Home loan Navigator online delivery in iOriginate
What is Document Delivery Preference?
3% to 20%
What is the common down payment range for purchasing a home?
CMT
What is BOFA Client marketing tool?
1.800.749.8210
What is Digital Mortgage experience support?
Type of letter issued to a client that was reviewed by underwriting team.
What is a pre-approval letter?
Document available prior to TRID for clients costs and rates
What is a closing cost work sheet?
origination fee, third party fees. escrows and prepaids
What are common closing costs?
Our Client management system
What is Salesforce?
Link that displays in clients online banking when they have prequalification in iOriginate
What is Mortgage Proposal?
BOFA online tool that helps clients search for properties
What is the Real-estate center?
Name Income SSN Loan Amount Property Value Property Address
What are the Six Data Elements of TRID?
W2 , pay stubs, bank statements, Purchase agreement
What are documents need for qualification?
CMT :Flyers ,brochures ,presentations
What approved marketing materials for clients?
Last 6 digits of loan number and clients SSN will be needed to create account
What is information needed to sign in non-online banking client in HLN?
90 days
How long is a purchase preapproval valid?
The application that the client completes on line
What is the Digital Mortgage application(DME)?
Up to 7500 and 10000
What is the amount of America Home grant and BOFA's Down payment Grant?
BAC Knowledge
What is where i can get information for marketing functions?
24 hour response time
What is SLA for responding to client messages through HLN?
150 days
What is the Purchase pre-approval Borrower requested closing date(BRCD)?
CR and GV in iOriginate
What is credit risk and guideline violations?
3% down payment program, with income Limits needed to qualify
What is the Affordable loan solutions?
Emailable
What is the client has given consent to receive marketing and contact?
Customer document delivery preference
What is the link to confirm client is online and download status's in ifulfill?