This document provides an overview and instructions for CBCMA's training series on their Chenoa Fund programs. It outlines the topics that will be covered in the training, including an overview of conventional and FHA programs, how to calculate AMI, how to pre-register loans, the underwriting process, locking loans, securing down payment assistance approvals, and the servicing process. It provides important details on registering and locking loans in CBCMA's portal, including how to retrieve passwords, where to begin registrations by uploading a FNM 3.2 file, how to select the correct program, and what the registration and lock confirmations will look like.

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 1003
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 Program Guidelines contain 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
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 FNM 3.2
• Navigate to the 3.2 file
• Select Open
Where to Begin Registrations

9. • Uploading the FNM 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
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. 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

12. 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

13. • 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

14. • 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

15. • 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