This document provides instructions for a training series on Chenoa Fund programs. It outlines the topics that will be covered in the training, including an overview of Chenoa Fund conventional and FHA programs, how to calculate area median income, the pre-registration and underwriting processes, how to lock and draw documents, purchase clearing procedures, and servicing. It provides important details on registering loans in Chenoa Fund's portal, including selecting the correct program, filling out required fields, and obtaining registration or lock confirmations.

1. CBCMA Training
Series

2. This Training Includes …
1 – All Chenoa Fund Programs Overview
Conventional / FHA
2 – How to Calculate AMI
3 – Pre-Registration: The URLA
Conventional / FHA
4 – Underwriting
5 – Lock Desk
6 – How to Lock a Loan
7 – How to Secure DPA Approvals
8 – How to Draw Documents
9 – Purchase Clearing: Uploading
10 – Purchase Clearing: Conditions and
Escalations
11 – Final Documents
12 – Servicing
13 – Why Use Chenoa Fund
Conventional / FHA

3. • Before the file has been approved, you
can register/lock the first mortgage and
receive a confirmation.
• You will NOT receive an FOL or any
disclosures until we have reviewed and
approved the file.
• Double-check that you registered with the
correct program; if not, the file may need
to be changed before it can be approved.
Important To Remember

4. • Following approval, you will have access
to these documents:
• A CBCMA Loan Registration Confirmation
(Float) or a Lock Confirmation (Lock)*
• A Funding Obligation Letter (FOL)*
• A Loan Estimate (LE) Package (for
secondary financing)**
• Our Correspondent Lending Guide
contains a comprehensive list of all the
documents we require the borrower to
sign (www.chenoafund.org)
*These documents should be generated
directly from our website
** Companies that use their own doc prep
software may not need the LE package
Registration Process Documents

5. How do I gain access
and log in to
CBCMA’s portal?

6. • Confirm with your admin that you
have been granted access as a
user
• If your admin has granted you
access, you will receive an email
notification with a link
• Follow the email’s on-screen
instructions regarding setting up a
new password
• When registering a Chenoa Fund
loan, or obtaining any relevant
closing documents, use the
Chenoa Fund portal in addition to
your usual process
• It is recommended to use Google
Chrome when using CAP
How to Retrieve Your Password
http://client.chenoafund.org/

7. How do I register or
lock a file in CBCMA’s
Portal?

8. • Select “Register New Loan”
• Select Upload MISMO 3.4
• Navigate to the 3.4 file
• Select Open
Where to Begin Registrations
MISMO 3.4

9. • Uploading the MISMO will pre-
fill most of the fields for you
• Fill out the remaining fields
• Complete all required fields;
anything marked with a red
asterisk should be completed
• Verify that all information has
been uploaded and entered
accurately after completing the
form
• Please note that emails will
need to be in proper format,
including no spaces before or
after the email
• Filler information, such as TBD
or NA, in required fields will
cause your loan to be delayed
Adding New Loan

10. Select the Correct Program
• Select the correct program
and DPA Type
• Note:
• Each program has its
own DTI, credit score,
and income requirements
• It is your responsibility to
understand the
qualifications for each
program

11. Trouble Cells: ULI and Document Date
• The ULI (Universal Loan Identifier) can be found in your company’s LOS
system. For an example of where to find this in Encompass, see next
slide.
• The Document Date is the date printed on the header of all 2nd
mortgage documents we create. It should be within 3 days of application
and LE date. Most lenders just put Doc Date, App Date, and LE Date as
the same.

12. ULI in Encompass
• The ULI can be found underneath HMDA Information.
• The Universal Loan Identifier (ULI) is a unique number of 23 to 45 characters that
begin with your Legal Entity Identifier. The LEI is a unique, 20-digit alphanumeric
identifier issued by a utility and endorsed by the LEI Regulatory Oversight Committee.
• ULIs are required to be HMDA-compliant. CBCMA asks that the ULI for the first lien
be provided at the time of registration.

13. Lock/Register the First Mortgage
• Select, at the top of the screen,
one of the following:
• “Save, Register, Float”
• “Save, Register, Lock”
• Confirm selection; this submits
the loan for approval
• Note: you cannot make any
changes to the borrower or the
property information once a
loan is submitted
• Submit change requests to
submissions@chenoafund.org
• See Training Series #16,
Exception Requests, if you are
looking to register and submit
an exception request

14. Process Completion
• View the Registration Status
in the upper left hand corner
• Once processing is
complete, the confirmation
will pop up
• Processing sometimes takes
a few moments to complete

15. • Following registration, click
“Print”
• From here you can save a
copy of the
Registration/Float
Confirmation or the Lock
Confirmation
• Your confirmation can also
be accessed in the “loans”
tab
Print Confirmation

16. • This is a sample
Registration/Float Confirmation
• This form of confirmation
means that the first mortgage
is floating
• If you have a document that
looks like this, you will need to
lock the loan at a later date to
ensure delivery
Sample Registration Confirmation

17. • This is a sample Lock Confirmation
• This document contains:
• When the loan was locked
• The lock term
• The lock expiration
• The lock period needs to extend through
clearing for purchase
• CBC Mortgage Agency currently requires
that all lock periods be set at 60 days
Sample Lock Confirmation