WebLGY
Documents
Loan Types
Guidelines
FHA
100

What do you click in WebLGY to start data entry?

What is Issue Gaurantee
100

What Documents do we upload to WebLGY for a Type II?

What is Cash-Out Disclosures (Initial and Final)

100

Name the two Refinance VA loan types

What is Type II and IRRRL

100

What is the age range of a veteran's dependent(s) when a Child Care Certification is needed?

What is 12 and under

100

What do we print from the Print docs tile on FHA loans?

What is the Underwriting Transmittal

250

What screen do we go to to upload documents to WebLGY?

What is Correspondence

250

What documents do we upload to WebLGY for an IRRRL?

What is Loan Comparisons (Initial and Final), Recoup Test

250

What Loan Type do we not upload to Correspondence in WebLGY?

What is Purchase

250

How do you know when you need a Counseling Checkist?

What is if the Borrower is Active or not

250

Name the screen in FHA connection where we check for prior sale information 

What is Appraisal logging

300

What do we upload from WebLGY to the DMS once we insure the loan?

What is the Mortgage Insurance Certificate (Loan Guarantee Certificate)

300

What document do we find the veteran's entitlement on?

COE

300

What Loan Type has the most data entry?

What is Type II

300

At how many days is a loan considered late to VA?

What is 60 Days

300

How do we calculate Required investment on a Purchase FHA?

What is Calculation using the Loan app (i - k - o)

500

What needs to be done on an IRRRL and a Type II before data entry

What is upload documents (Correspondence) 

500

Name the 4 documents we print from the Print docs tile on a Purchase VA loan

What is Lender Quality Certifications 1 and 2, Loan Analysis, Loan Summary

500

What Loan Type does no require full entitlement?

What is IRRRL

500

The Initial Loan Comparison or Cash-Out Disclosure has to be signed within how many days of the Initial Loan Application?

What is 3 business days

500

Name the 3 things we upload to the DMS after we insure an FHA loan

What is FHA insurance Application Results, MIC, Checklist

1000

If the COE states the veteran is Non-Exempt, what screen do you go to to see how much they were charged?

What is Funding Fee

1000

What is always the last document on the Checklist?

What is Closing Disclosure

1000

What does IRRRL stand for?

What is Interest Rate Reduction Refinance Loan

1000

What kind of loan requires the VA Lender Certification?

What is Corr (152)

1000

Name all 5 FHA loan Types

What is Purchase, Debt Consolidation, Cash out, Rate and Term, Streamline