Dates
What date is required for a settlement statement to be considered final?
Disbursement date
What is the one document we are to always label Miscellaneous on each file?
Borrower Property Condition Certificate
You are missing a seller CD on file. What should you do with this condition?
Error and Insuring problem
What should we do with this condition?
TC: Borrower to sign the Payment Shock Letter to confirm he/she is aware escrow account will be established based on lower assessed value and property taxes may significantly increase after reassessment based on the improved land.
Waive
What is the only unacceptable title we cannot take on the patriot act?
Borrower
On the final borrower CD question one borrower dates their signature line incorrectly. Which question should we call this out with?
What button combination do you use to highlight the entire collateral package?
Ctrl + A
On a VA loan page 1 what is required for this to be fully executed?
Name two condition categories that we do not touch if we see them
Compliance
Underwriting
What two amounts can we accept if they're less than .50 cents off the system amount?
BPMI and Prepaid interest
Your final note has a different closing date than the system. What do you do?
Change the closing date in date tracking
Closing Disclosure Final - Seller
Loan application Final
Settlement Statement final
Final VA cashout Disclosure
You have 2 borrowers sign separate FHA/VA addendums on an FHA loan. After generating your signature and merging with your wet signed how many pages should that final one be?
16
You have a seller CD condition left on your jumbo loan. What status do you flip to?
Post Closed Problem
Before you run Fraudguard what process must be done?
Verify in EASE that the settlement agent is a person and not a company
Missing a date on what document could leave to a level 3 error
Right to cancel
You have two collateral packages uploaded within minutes of each other but they're both less than 55 pages. What do you do?
Index both of them
You're missing your Underwriting transmittal on file. What is your next step?
You are working your conditions and come across multiple conditions referencing "Escrow Holdbacks" what is the correct process for working these?
Error them all and set for insuring problems
Your BPMI is off by .53 cents. What do you do in this scenario?
Send the email to LPMI with the approved template, paste the timestamped email in the PC comments and approve the condition
Confirm each borrower date matches their corresponding notary date and approve the condition that fires.
You come across a collateral package less than 55 pages. What are two things you should do before you send this to me to review for a reset?
-Check to make sure it's a hybrid closing and use both E-signed closing and wet signed collateral package as one
-Check received mail for no subject in case someone accidentally labeled their CP incorrectly
When reviewing the VA cashout tile what sections is allowed to be off by $10?
Total of remaining schedule payments and Amount of increase in the total paid over life of loan
You see this condition what do you do with it?
Entitlement to be restored for 16-16-6-1291313
Error and insuring problem
You're attempting to work your prepaid interest question on the Borrower CD tile and you notice you don't have a wire breakdown. What is your next step?
Go to Disbursement History, Funding breakdown and then click upload to loan