Where do you find it?
The exception request for approval
What is BNControl or FMConnect?
The answers to these two lifestyle questions help determine which option this field should be.
What is the "Borrower Classification" field?
So your team knows the story of the file.
What is making Milestone Comments?
These newly added field helps your team communicate better with your customers.
What are the preferred name and method of contact fields?
Confirming an interest rate lock.
Who is the Processor?
The fields that trigger TRID's disclosure due date.
What is the "RESPA 6" button?
We recently had clarification on this field in the VOM, we now use S, PS, H, AND R!
What is the "Property Status" field.
It is best practice to ensure that we get all three options for our customer and choose the right provider for them.
What is running all 3 PMI companies quote?
You may have to complete this in EPPS if your borrower is utilizing this FreddieMac program.
What is the HomePossible checkbox?
Managing the construction pipeline.
Who is the Secondary Market Manager?
Borrower Line Pointers
What is the Relationship tab in Navigator?
On a construction loan, these two fields can have three different meanings depending on how they are marked.
What are the "Lot/Land Status" fields?
On purchases with close DTI ratios, having your borrower obtain this early on can make or break your file.
What is getting a Homeowner's Insurance Quote?
This URLA-Lender section is not blue, but you do need to choose at least one of the four options.
What is the "Project Type" section?
Pipeline Management
Who is the HLO?
This screen has fields that deliver information for FreddieMac's LPA and should be completed prior to running the feedack request.
What is the "Freddie Mac Additional Info" screen?
On a refinance loan that is not paying off another mortgage, this field must be manually entered.
What is the "Existing Liens to be Paid Off field?
This URLA section is critical for Fair Lending and HMDA reporting.
What is the "Demographic Information" section?
When dealing with low loan amounts, it's a good idea to check this screen for any red flags.
What is the ATR/QM?
Ensuring Encompass doesn't crash and burn.
Who is the Mortgage System Administrator?
The daily Freddie Rate Price Sheet.
What is in the J:Drive > Home Loan > Rates > Rates > Freddie Mac > 2023.
On a ChoiceRenovation loan, the "Renovation" checkbox must be completed on this Encompass Screen.
What is "URLA - Lender"?
Checking on these items throughout the process of a loan helps keep your file moving as quickly as possible.
What are underwriting conditions.
The qualifications to use an IVM on a first lien loan.
What is 700+ credit score, 60% LTV or lower, and no other exceptions.
The customer experience.
Who is the entire Home Loan Team?