These four types of AUS conditions indicate at what stage of the process they must be met.
What are Prior-to-Approval (PTA), Prior-to-Docs (PTD), Prior-to-Funding (PTF), and At Closing (AC)?
100
A debt cancellation service that cancels the borrower's payment during life events that may disrupt ability to repay.
What is the Borrower's Protection Plan?
100
This new VLF feature allows the user to add notes onto the face of the documents.
What is Add Annotations?
100
This tool automatically assigns the HSS at time of lock.
What is the File Assignment Service?
100
Bank of America Home Loans brand promise.
What is (a) Providing successful and attainable home ownership and (b) Always be a responsible lender?
200
This version of CLUES is used to determine the Initial Credit Decision.
What is the first non-error run of CLUES?
200
This phase code triggers the Initial Credit Decision logic.
What is phase code 1?
200
This VLF view shows a history of all VLF transactions.
What is Batch Status?
200
This type of Fraud Detector alert requires SASE Level 3 in order to clear.
What is a critical alert?
200
Bank of America was the location for this famous 1997 robbery.
What is the North Hollywood Shootout?
300
This type of initial credit decision immediately routes the file directly to an underwriter at phase code 1.
What is a Manual Initial Credit Decision?
300
The Pay Plan 24 requires the borrower to make this number of payments per month.
What is 2 payments per month?
300
Documents are added to VLF via these two capture methods which can include DIDO, fax, and upload.
What is manual and non-manual?
300
An HSS' pipeline will consist only of loans in this phase code.
What is phase code 2?
300
Patrick McCallister's boss.
Who is Bernard Russel (Russ) Smith?
400
The new "Service Order Status" link in Statusmart will be used for this.
What is the national title vendor order?
400
Previously titled "Submission", phase code 1 will change names to this on Systems-Day-1.
What is "Underwrite"?
400
A familiar feature to legacy-FSL users, this new feature will enable the user to change the name of an indexed document.
What is Change Doc Data (or recategorize)?
400
Customers will be able to stay up to date on their applications by using this website.
What is the Mortgage Application Status?
400
Bank of America holds this spot in the top ten list of bank holdings.
What is 2nd place (just behind Citigroup)?
500
The underwriter that SASE-approves the loan in Statusmart in the event of an Automated Initial Credit Decision.
Who is CLUES?
500
A Special Lending Option (SLO code) that can provide the borrower with a credit up to $1,000 for newly constructed properties that meet Energy Star Requirements.
What is GRNE (or Green Code)?
500
Alternately referred to as "document structure", this term is used to describe how all loan documents are grouped and classified for viewing.
What is document taxonomy?
500
This application provides recorded electronic bank statements for our current BAC customers.
What is X-Net?
500
Bank of America (along with Wachovia) holds it headquarters in this east coast location.