Transfer Taxes & Fees
We can remove this fees using the pencil icon if it is updated on the seller side.
Recording fees in Seller's side.
This alert should only be cleared by LLH team.
ED 73- DO NOT MANUALLY UPDATE, please contact licensingloanhelp@nafinc.com for assistance.
We need to do this before sending out disclosures if we have a PB at the end of the loan program.
Confirm with Sales team.
We can tag in the compliance team to verify these two issues in the file.
Property address and borrowrer name change.
These are the common brokered loans which we can work on.
Symmetry HELOC, Spring EQ HELOC, Quorum HELOC.
We can ask Sean and Christina to remove this fee when it auto populates after running fees 360 in IRRRL and Streamline programs.
Appraisal re-inspection fee
This alert can only be cleared by our managers.
ED 78- There's been an increase in Transfer Taxes on the seller's side of the Itemization. Manager approval is required before a COC LE can be sent.
Tax service fee of $84 is acceptable for these loans.
DPA loans.
If the VA loan is disclosed without this fee, we need to confirm with the sales team to proceed further.
Appraisal fee.
What title company should Buyer accepted programs have?
Empower settlement Services.
We don't need this fee in TX state Naf 2nd TD files. Even if it is there we can leave it as-is.
TX Attorney Doc fee
We use this check box "I do not wish to provide this information" for this alert to clear it.
ED 124- Demographic Information.
Who should we reach out for ED 145 alert in FNBA loan program.
Investor lock desk.
We need to confirm this with the sales team before sending out the COC's. COC'S should not be sent without confirming this.
Lesser TT was disclosed in RTD.
Re-disclosure request must be done within this date to stay in compliance.
LE Due date.
For this state and division, we can ask LSS to remove "Managed by smart fees for 1200 section".
NY state ILA division
This alert can be cleared by the sales team- Import liabilities.
ED 80- You must complete the import liabilities function prior to disclosing.
There are no monthly MI for these loan programs.
NAF Pathway Home No AMI 30 Year Fixed - no MI, VA loans and USDA loans
Loan program changed or Loan amount increased while sending a COC. We can send it as-is.
Check if the TT matches with the calculator for the Current loan amount, Appraisal fees and title fees.
We get a value when we subtract Index with Rate and update this in HELOC management.
Margin.
There will not be any Transfer taxes and title insurance fees for this property in this state.
Co-op property in NY state.
We use this check box "I do not wish to provide this information" for this alert to clear it.
ED 124- Demographic Information.
If there is MI in this loan program(Conventional) - we can proceed with MI, it can be removed later. If the LSS team ask regarding this, we must tag the Sales team.
FNBA Loans.
Sales team confirmed the Title Company change while sending a COC. We can send out the COC's after doing this.
Check the shopped for checkbox and do not mention the fee changes in the comments.
We need to select the drop down option as Individual to clear this Audit alert in Disclosures.
Forms > NAF 1003 > Vesting type > Individual.