Document Code
Document Code of Closing Disclosure
282
TRUE or FALSE
SECURITY AFFIDAVIT is a following page of Security Instrument and should be attached to Rider.
FALSE
Following page of Security Instrument but should not be attached to Rider. If standalone place it under Affidavits - Other.
TGN of 736
Ability to Repay
How can we determined if the UCC-1 is imaged-recorded?
Without bull's-eye but with recorded information
What is the indexing tips of Notice Of Settlement?
Following page of Title Policy or Commitment. If stand alone, classify as Title Supporting Documents
Document Code of Notice to Settlement Agents
General Disclosures Agreements and Notices 7
The checks of Payment of PMI should be indexed with the PMI cert
TRUE
TGN of 752
Note - Other
How can we determined if the checks is checks -Misc income?
* Index as "Checks - Misc Income" if:
- Payable to borrower/co-borrower
-Payable to borrower and non-borrower
- Borrower is also the trust name
What are the Indexing Tips for Payoff(Vehicle) and Payoff Letter?
Paying off vehicle/auto loans (Car Model/VIN) (608)
Fax Coversheet and cover letter should be classified with the Payoff document. Loan Number and Chase Logo can be located in this page. (34)
Document Code of Warranty Deed ( Crossed Out)
Deed of all Types- 255
In Truth in Lending all the dates and numerical disclosures except the late payment disclosure check box is marked. Can we considered it as Final?
FALSE
TGN of 167
VA Misc
what are the business rule of Closing disclosure Buyer Final?
All need to apply
- Issued date is on or before Closing date.
- Signed and dated (handwritten or electronic). Both should be legible.
- Most recent signature date
- 1st page and last page should be available or 1st page and Addendum
Note: Signature is valid if found only under Confirm Receipt Section/page 5 of 5/page 6 of 6 or CD Addendum.
At least one of the borrower signed the CD, no need to verify if other borrowers signed the document. It should be dated.
What is the Indexing tips of TRID CD acknowledgement of receipt?
Should be following page of CD. If standalone, classify as CD- Acknowledgement Receipt or 291.
Document Code of Appraisal and Credit Report Deposit Agreement
General Disclosures Agreements and Notices 7
Appraisal order Details is part of appraisal report package
FALSE
Part of Appraisal Report package (can be found before or after the report).
If standalone, place it under Appraisal Supporting Docs | Appraisal - Misc.
TGN of 127
ARM Disclosure
What are the indicators if the closing disclosure is refinance?
Indicators if the CD is Refinance:
Appraised value is present
Amount or information is provided only in Borrower Transaction. Seller Transaction is blank
What are the Keywords used in identifying Subordinate Mortgage?
Keywords used in identifying Subordinate Mortgage:
Home Equity Line of Credit Mortgage
Revolving Line of Credit
Credit Line Deed of Trust
Maximum Lien
Maximum Obligation Limit
Home Equity Conversion Deed of Trust
Second Lien
Second Mortgage
Second Deed of Trust
Credit Agreement
Classify rider as following page of Subordinate Mortgage
Document Code of FHA Total Scorecard Full Feedback Certificate
LP Underwriting Findings 88
Can we classified the Affidavit of lost assignment as 202.
FALSE
Affidavit of Lost Assignment | Lost Assignment Affidavit -708
TGN of 709
Va Guaranteed Loan Rider
how can we determine if the Payoff Statements, Letters, Authorizations is current?
Loan number/Account Number is the same in Prokey & document, with or without Chase Logo
Loan Number/Account Number is not present in the document but with Chase Logo
What are the Indexing Tips of General Instruction?
Classify the documents together if the following requirement(s) is present
- paginated (Except for documents with special instructions to be removed from the package ex. Appraisal)
- Attachment
-Addendum
-Exhibit
-Schedule
If the supporting document comes before the leading document, this should be treated as standalone.
Ex. If Appraisal photos comes before the Appraisal Report, it should be classified as Appraisal Supporting Document.