Investors
What is FGMC, UWM, Loan Stream, Fairway
The systems that borrowers use to complete the application and upload documents and e-sign
What is Blend
Example of a non-delegated loan type
What is VA or Conventional
Clear to Close
What is CTC
Communicates pricing/rate/term to borrowers
Who is the Loan Officer
What is Fairway
The system used for internal communications (calls, chats etc)
What is Teams
A lender that uses an investor to underwrite and approve a loan, but funds the loan
What is a non-delegated correspondent lender
CD
What is Closing Disclosure
What/Who is Post Close
The investor that requires email submission of non-QM loans
What is Loan Stream
The tab in Blend where you can find the borrower's to-do list.
What is Follow-Ups
The system where non-delegated appraisals are ordered from.
What is Encompass
Change of Circumstance
What is COC
Where processors request conditions from the borrower
What is follow-ups in Blend
The system that is the powerhouse of the loan production process
What is Encompass
The location in Encompass where the investor and loan type can be found
What is the loan story or Registration Data Screen?
PITIA
What is Payment, Interest, Taxes, Insurance, Association (HOA dues)
Who is the Loan Officer
The system that houses all policies, procedures and checklists.
What is Doc Tract
The clause used for HOI and title on a non-delegated loan
What is Polaris' mortgagee clause?
PHL
Polaris Home Loans
Registers the loan with the investor
Who is the registration/set-up team