Prequalification
Type of letter issued to a client when they receive an AUS Accept in iOriginate
What is a Prequalification Letter?
Where can you confirm a Client has opted in for Home loan Navigator online delivery in iOriginate
What is Document Delivery Preference?
3% to 20% down payment range
What is the common down payment range for purchasing a home?
CMT
What is BOFA Client marketing tool?
1.800.749.8210
What is Digital Mortgage experience support?
Type of letter issued to a client for qualification that was reviewed by underwriting team.
What is a pre-approval letter?
Document available prior to TRID for clients costs and rates
What is a closing cost work sheet?
origination fee, third party fees. escrows and prepaids
What are common closing costs?
Our Client management system
What is Salesforce?
the Link that displays in clients online banking when they have prequalification in iOriginate to access home loan Navigator
What is Mortgage Proposal?
BOFA online tool that helps clients search for properties
What is the Real-estate center?
These are six elements of what:
Name Income SSN Loan Amount Property Value Property Address
What are the Six Data Elements of TRID?
Common documents needed
W2 , pay stubs, bank statements, Purchase agreement
What are documents need for qualification for a Mortgage loan?
Flyers ,brochures ,presentations sent from Salesforce to our clients
What are approved marketing materials for clients?
Last 6 digits of loan number and clients SSN will be needed to create account for who
What is information needed to sign in non-online banking client in HLN?
Valid for 90 days
What is a purchase preapproval?
The Mortgage application that the client completes on line
What is the Digital Mortgage application(DME)?
Up to 7500 and 10000 given to client towards mortgage
What is the amount up to for the America Home grant and what is the amount up to for the BOFA's Down payment Grant?
BAC Knowledge tab in salesforce
What is where i can get help for marketing functions?
24 hour response time
What is SLA for responding to client messages through HLN?
150 days Borrower requested closing date(BRCD)
What is the Purchase pre-approval BRCD?
CR and GV blue hyper-links stand for what in iOriginate
What is credit risk and guideline violations?
Loan Product with 3% down payment , income Limits needed and in LMI tract to qualify
What is the Affordable loan solutions?
Capture consent in salesforce
What is where the client has given consent to receive marketing and contact?
Customer document delivery preference
What is the link to confirm client is online and download status's in ifulfill?