File Folders
Cash Income Worksheet, Global Cash Flow, Financial Statements, Spreads
What is a Analysis Package?
HELOC, TRID, Non R/E loans
What is Consumer Loan types?
Provided on Renewals, Refinances and Modifications
What is a TDR?
Loan Payments, Loan Payoffs and Collateral Releases
What is Payments in Process requests?
Requirement for R/E Loans over $250,000 and on all Florida Loans regardless of Loan Amount.
What is Title Commitment/Title Insurance?
Bill of Sale, Copy of Title, Odometer Reading
What is needed items uploaded to the loan folder in the I: Drive for Loan Processing to file a lien?
Product Code, Collateral Code, Net Worth, Sources of Repayment, Name of Borrower and Fees
What is the Loan Checklist?
HELOC Disclosures
What is provided to customer within 3 days of Application?
2 Exception Items that typically follow a Loan being closed.
What is Recorded UCC'S/Recorded Mortgages/Recorded Assignment of Rents/Final Title?
Evidence of Existence with the State
What is Business Entity Search?
Flood, Geocode, MLA and Credit Report
What is items saved as pdfs from the web page straight to the I: Drive loan folder?
GSCS, Credit History, Net Worth, Low LTV, Borrower History with MSB
What is Mitigate Definitions?
Purchase Money loans
What is a sales contract/purchase order/bill of sale?
File Maintenance, Draws, Trailing Documents, Auto Debit, Clearing Cited Exceptions.
What is Loan Operation requests?
Loan Number, Vesting Name/Names, Collateral Address, Life of Loan and Census Track
What is information needed to pull a Flood Determination?
Credit Offering, Credit Analysis, Flood Hazard Determination, LTV worksheet and TDR Questionnaire
What is I: Drive loan file document header names?
Stale PTR, Terms, LTV Ratio, CBI and Pricing
What is Exception Definitions?
Requirement for all Loans with Collateral
What is an LTV?
Mortgage, Assignment Of Rents and UCC's
What is items to be recorded?
Insurance Amount/Loan Amount, Vesting Names and Legal Description
What is Title Commitment?
Business/Personal Tax Returns, Financial Statements and Credit Reports
What is I: Drive Credit file folder and Z: Drive working file folder items?
Borrower Name, SS#, Loan Amount, Property Address, Income and Estimated Property Value
What is the 6 Items needed to have a complete TRID Application Request?
Loan Checklist, Approved Credit Offering, Business Entity Search, Flood Recertification and UCC search
What is a 90-Day Extension?
First 3 Initials, Back and Front label that has Customer's Name and Loan Number.
What is Labeling for a Loan File?
Notices for Insufficient Coverage, Expired or New Insurance, Missing Information, Force Placed Insurance
What is TAG (The Assurance Group) Insurance Tracking/Report?