On a existing manufactured home can you order the final inspection with the original appraiser?
Yes
100
What is the AU and G/L for the final inspection when there is an account in STAR?
0036509 / 4451233
100
What type of delivery service is used when sending docuements within WFHM?
Pac trac
100
Who deposits the escrow holdback and final inspection checks received via check?
Donna Gongall
100
Name a builder the EFC team does not support.
Celebrity Homes
200
When logging into Res-Direct what are 2 of the 4 main user names?
3001532
3004733
3003457
3019428
200
When submitting a check request for a final inspection what AU/GL do we charge for a MEXP loan?
AU: Origination AU GL: 7375564
200
How can you determine if the property is a condo or manufactured home?
The appraisal
200
It is okay to complete the confirmation of funds milestone when you have confirmed Trust is holding final inspection fee.
FALSE
200
What screen in LPS do you find the escrow holdback information?
INSR / F5
300
When ordering a final inspection through LIS, what key do you select to enter in contact information?
F8
300
Name 5 pieces of information provided to Trust in order to process a RUSH aside from the check request, W-9, invoice and HUD.
Fax# request sent from
Time request was faxed
# of pages in fax
Loan number
Name of payee
300
Name 4 methods for locating contact information for the borrower?
Loan Application
LIV
CPI
HMC
Settlement Agent
Real Estate Agent
LIS Escrow Agreement
300
Escrow Holdback is $700 for 'said' repairs. Borrower met down payment requirement, HUD shows seller put the funds up. Bwr provides invoices for $350 and $50. The remaining $300 will be reimbursed to bwr as they have met their investment requirement.
False
300
Name three ways the Escrow for Completion department receives notification of an escrow holdback?
Reports, E-mail, Fax, Phone Call, Escrow packets
400
On a septic repair escrow that the repairs are minor & the city/county does not inspect what could be accepted to use as the final inspection?
A detailed invoice from the company that completed the repairs specifying the repairs, invoice should include license #.
400
What AU/GL do we use for Correspondent Loans?
AU: 0035951 GL: 4463122
400
What type of work can be included in an Energy Efficient Escrow Holdback? Name 4.
Furnace
HVAC
New Windows
New Doors
Insulation
Roof
Solar panels
400
When confirming the location of the escrow funds, the Settlement agent informs you that a check for the escrow funds was sent to Wells Fargo Home Mortgage. What information do you need from the Settlement agent to research the location of the escrow funds?
Request the check number, dollar amount, date check was sent to Wells Fargo and/or copy of cancelled check.
400
Why is the purchase agreement reviewed when creating the escrow file?
To confirm if there are any addendums that discuss how escrow funds should be disbursed.
500
To determine if form 1004D can be used you will need to verify the date the FHA case # was issued - what date would it have to be issued on-or-after in order for this form to be used?
2/15/2010
500
Who are the 6 people with signing authority for check requests?
And what are each of their signing limits?
Name one difference between a Correspondent loan and a CORE loan.
Correspondent does not originate within WFHM but CORE does.
EFC processes all CORE loans but not all Correspondent.
In Arrow - Correspondent is shown as COR and CORE is CORE
500
What AU is used when depositing/sending checks to cash receipts?
Orig AU
500
Who is responsible for processing an escrow holdback for a proceeding subsequent?