Loan Status
Name the 3 loan statuses
Post Close Problem
Post Closed
Collateral Deficiency
What are the three condition statuses?
Error
Waive
Approve
What does FHA stand for?
Federal Housing Administration
What document is required on all VA loan types?
VA certificate of Loan Disbursement
Where can you find the PCR Process Guide?
In Academy
What status would you flip the loan to if you have a condition for the Security Instrument
Post Closed
What status should this condition be set to?
Provide 1004D to certify completion of subject property
Error
Insuring problem
Who fills out the UWM lender certification?
YOU (Post Closer)
Can post closers work loans with no SLA number?
No
What status would you flip the loan to if you have a condition for the note
Collateral Deficiency
What status should this condition be set to?
Title company to reimburse Stepping Stone Mortgage, Inc for Credit Report Fee of $60.42
Waive
What three signatures are needed on the FHA Settlement Certification?
Borrower, Seller, and Settlement agent
What is the acceptable recoupment period?
0-36 months
What application houses all the documents for the loan?
Dochub
What status would you flip the loan to if you have a condition for Riders and Missing Final Borrower CD
Post Closed Problem
What documents can we accept for the REO condition?
Settlement statement or Seller Cd that is fully executed
What document do we generate with our signature on it?
FHA/VA Addendum
Whose signature are we required to look at on the loan application? (other than the borrower)
Loan Officer
What application has the PCR checklist?
EDGE
What status would you flip the loan to if you have a condition for FEMA Disaster and Right to Cancel
Collateral Deficiency
Name the conditions categories we do not touch
Underwritting
Compliance
Final Docs
What are the two items on the conditional commitment that require review?
Issue/Expiration Dates and Underwriter Signature
What does IRRRL stand for?
Interest Rate Reduction Refinance Loan
What is the GRID?
EASE. It is where we can pull our loans to work.