SII
SII stands for
What is Successor in Interest
This is the minimum amount to pay the principal balance down by.
What is $10,000?
What is the work item you set when someone is inquiring about an assumption?
What is Special Loans: Assumption Inquiry Call
This is the process a client would follow to add land.
What is Refi?
This is what OG does
What is assisting clients during the OG process with troubleshooting RMS, looking at disbursements when title co is Amrock, and concerns regarding credit pulls they did not authorize
A confirmed Successor can inquire on Assuming the loan by opening a work item
What is Special Loans: Assumption Inquiry
This is the fee for a QL client to recast.
What is $250?
This is something the Assumer cannot get access to.
What is the Rocket Mortgage Account?
If a client is looking to refi to release a parcel, this is the email address we would send the info to.
What is BankingPR@quickenloans.com
This is what Bankers do
What is going over qualifications/goals for clients for a refi or purchase, review the terms of the loan as they are licensed to go over rates/terms, and assist in getting the initial docs necessary to kick off the loan process
A Client or 3rd party calls in stating they are the Power if Attorney, Guardian or Conservator of the Client, but the loan does not reflect and there are documents uploaded to the loan
What is POA911
This is the fee for a Schwab client to recast.
What is $100?
What is a credit check?
What task needs to be set when a client is inquiring about a partial lien release
What is SERREL
This is what CCS are responsible for
What is assisting clients in the middle of the loan process get to closing. They help facilitate getting additional docs that are necessary, and ensure that we are getting everything we need completed before clearing the loan to close.
Transfer by Death of Homeowner documents needed
What is Filed Court Order(Probate docs)
Affidavit Confirming SII
Government issued ID
These loan types are not eligible for a recast.
What are FHA, VA, and USDA?
What is the standard amount of time to complete an assumption?
What is 90-120 days?
This is the fee to complete a partial release
What is $500?
This is what the Closing Team is responsible for
What is scheduling closing for clients, and ensuring everyone who needs to be at closing confirms they will be there.
In Arizona & Michigan, these 3 things can be sent in by a person to confirm a client is deceased.
What are the death cert, court order establishing death, newspaper notice/obituary?
This is the amount of times a client can recast.
What is as many times as they'd like?
This is paid, for certain loans, post assumption, at 0.5% of the loan amount
What is the Funding fee?
This must be received to complete a partial release for a loan with MI
What is approval from the MI provider?
This is what a Disbursement Delay Analyst does
They review what caused a loan not to disburse on their scheduled disbursement date. (IE: a document missing a signature, missing a document in general, etc)