10.l (v8.3) purchase clearing - conditions and escalations
•Download as PPTX, PDF•
0 likes•65 views
This document provides an overview of CBCMA's purchase clearing training series and process. It discusses the topics covered in the training, who to contact with different types of questions, how to access uploaded loans and clear conditions by uploading documents, and how to escalate conditions by emailing the assigned specialist. The purchase clearing department handles uploading documents to clear conditions on loans and notifying lenders when conditions have been released.
Report
Share
Report
Share
Recommended
10.l (v8.2) purchase clearing - conditions and escalations
This document provides an overview of CBCMA's purchase clearing training series, which covers topics related to Chenoa Fund loan programs, underwriting, locking loans, securing down payment assistance, and final documents. It describes CBCMA's purchase clearing department responsibilities, the typical review timeline, how to access loan conditions after review, and how to upload documents to clear conditions. Contact information is provided for general questions.
10.L Purchase Clearing - Conditions and Escalations (10.0)
This document provides an overview of CBCMA's training series on their purchase clearing process. It describes the topics covered in the training, including an overview of Chenoa Fund programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance, and more. It provides contact information for CBCMA's purchase clearing department and explains their typical 2-3 business day review process before conditions are released. It outlines how to log back into the system after review, search for an uploaded loan, access and clear conditions by uploading documents, and how to email the purchase clearing specialist for escalations.
16.0 Miscellaneous Trainings
This document provides instructions for three topics:
1. Submitting exception requests through the client site for loans registered in the system. It describes registering loans first before submitting exception requests.
2. Submitting exception requests through an exception request form for loans already registered. It describes entirely filling out the form and submitting required documents.
3. Exporting Fannie Mae (FNMA) loan files from the Encompass loan origination system. It provides step-by-step instructions for navigating to a file and saving it.
8.L How to Draw Documents (v9.2)
This document provides an overview of the CBCMA Training Series topics for Chenoa Fund programs. It includes instructions on how to access the Chenoa Fund portal, begin generating documents, and make changes to documents. Key points covered are an overview of Chenoa Fund conventional and FHA programs, calculating AMI, pre-registration, underwriting, locking loans, securing down payment assistance, drawing documents, purchase clearing conditions and escalations, final documents, servicing, and benefits of using Chenoa Fund. It also provides directions on retrieving passwords, where to begin generating documents, and accessing recently generated documents.
16.0 Exception Requests CAP
This document provides guidance on submitting exception requests for loans through the Chenoa Fund client site. It outlines that exception decisions are only final for loans registered through the client site. To submit an exception request, loans must first be registered by uploading the FNM file and filling out required fields. Exceptions cannot be submitted until after loan registration. The document reviews registering loans, completing the exception request tab, and submitting full exception requests including all required documentation for review.
16.0 Exception Requests CAP
This document provides instructions for submitting exception requests through the Chenoa Fund client site. It outlines the following key points:
- Exception decisions are only final for loans that have been registered through the client site. Unregistered loans are considered hypothetical.
- To submit an exception request, you must first register the loan by logging into the client site, selecting "Register New Loan", uploading the MISMO 3.4 file, and filling out the remaining required fields.
- After registration is complete, you can submit an exception request by opening the "Exception Requests" tab and filling out the form, attaching all required documentation like the 1003, 1008/9200, AUS findings, credit report, and
16.0 Exception Requests CAP
This document provides instructions for submitting exception requests through the Chenoa Fund client site. It outlines the following key points:
- Exception decisions are only final for loans that have been registered through the client site. Unregistered loans receive hypothetical decisions.
- To submit an exception request, you must first register the loan by logging into the client site, selecting "Register New Loan", uploading the MISMO 3.4 file, and filling out the remaining required fields.
- After registration is complete, you can submit an exception request by opening the "Exception Requests" tab and filling out the form, attaching all required documentation like the 1003, 1008/9200, credit report, and VA Residual Income Work
16.0 Exception Requests CAP (10.0)
This document provides instructions for submitting exception requests through the Chenoa Fund client site. It outlines the following key points:
- Exception decisions are only final for loans that have been registered through the client site. Unregistered loans receive hypothetical decisions.
- To submit an exception request, you must first register the loan by logging into the client site, selecting "Register New Loan", uploading the MISMO 3.4 file, and filling out the remaining required fields.
- When registering, select the correct Chenoa Fund program and ensure the borrower meets the qualifications for that program such as FICO, DTI, and income requirements. If they do not, an exception request is necessary.
- After registration
Recommended
10.l (v8.2) purchase clearing - conditions and escalations
This document provides an overview of CBCMA's purchase clearing training series, which covers topics related to Chenoa Fund loan programs, underwriting, locking loans, securing down payment assistance, and final documents. It describes CBCMA's purchase clearing department responsibilities, the typical review timeline, how to access loan conditions after review, and how to upload documents to clear conditions. Contact information is provided for general questions.
10.L Purchase Clearing - Conditions and Escalations (10.0)
This document provides an overview of CBCMA's training series on their purchase clearing process. It describes the topics covered in the training, including an overview of Chenoa Fund programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance, and more. It provides contact information for CBCMA's purchase clearing department and explains their typical 2-3 business day review process before conditions are released. It outlines how to log back into the system after review, search for an uploaded loan, access and clear conditions by uploading documents, and how to email the purchase clearing specialist for escalations.
16.0 Miscellaneous Trainings
This document provides instructions for three topics:
1. Submitting exception requests through the client site for loans registered in the system. It describes registering loans first before submitting exception requests.
2. Submitting exception requests through an exception request form for loans already registered. It describes entirely filling out the form and submitting required documents.
3. Exporting Fannie Mae (FNMA) loan files from the Encompass loan origination system. It provides step-by-step instructions for navigating to a file and saving it.
8.L How to Draw Documents (v9.2)
This document provides an overview of the CBCMA Training Series topics for Chenoa Fund programs. It includes instructions on how to access the Chenoa Fund portal, begin generating documents, and make changes to documents. Key points covered are an overview of Chenoa Fund conventional and FHA programs, calculating AMI, pre-registration, underwriting, locking loans, securing down payment assistance, drawing documents, purchase clearing conditions and escalations, final documents, servicing, and benefits of using Chenoa Fund. It also provides directions on retrieving passwords, where to begin generating documents, and accessing recently generated documents.
16.0 Exception Requests CAP
This document provides guidance on submitting exception requests for loans through the Chenoa Fund client site. It outlines that exception decisions are only final for loans registered through the client site. To submit an exception request, loans must first be registered by uploading the FNM file and filling out required fields. Exceptions cannot be submitted until after loan registration. The document reviews registering loans, completing the exception request tab, and submitting full exception requests including all required documentation for review.
16.0 Exception Requests CAP
This document provides instructions for submitting exception requests through the Chenoa Fund client site. It outlines the following key points:
- Exception decisions are only final for loans that have been registered through the client site. Unregistered loans are considered hypothetical.
- To submit an exception request, you must first register the loan by logging into the client site, selecting "Register New Loan", uploading the MISMO 3.4 file, and filling out the remaining required fields.
- After registration is complete, you can submit an exception request by opening the "Exception Requests" tab and filling out the form, attaching all required documentation like the 1003, 1008/9200, AUS findings, credit report, and
16.0 Exception Requests CAP
This document provides instructions for submitting exception requests through the Chenoa Fund client site. It outlines the following key points:
- Exception decisions are only final for loans that have been registered through the client site. Unregistered loans receive hypothetical decisions.
- To submit an exception request, you must first register the loan by logging into the client site, selecting "Register New Loan", uploading the MISMO 3.4 file, and filling out the remaining required fields.
- After registration is complete, you can submit an exception request by opening the "Exception Requests" tab and filling out the form, attaching all required documentation like the 1003, 1008/9200, credit report, and VA Residual Income Work
16.0 Exception Requests CAP (10.0)
This document provides instructions for submitting exception requests through the Chenoa Fund client site. It outlines the following key points:
- Exception decisions are only final for loans that have been registered through the client site. Unregistered loans receive hypothetical decisions.
- To submit an exception request, you must first register the loan by logging into the client site, selecting "Register New Loan", uploading the MISMO 3.4 file, and filling out the remaining required fields.
- When registering, select the correct Chenoa Fund program and ensure the borrower meets the qualifications for that program such as FICO, DTI, and income requirements. If they do not, an exception request is necessary.
- After registration
10.L Purchase Clearing - Conditions and Escalations (v9.2)
This document provides an overview of CBCMA's purchase clearing training series, which covers topics related to purchasing loans through Chenoa Fund programs. It outlines CBCMA's purchase clearing department responsibilities, review timelines, how to log into the clearing portal and access conditions, and how to upload documents to clear conditions. Buyers are instructed to contact their assigned purchase clearing specialist if they have any questions or need to escalate conditions.
10.L Purchase Clearing - Conditions and Escalations
This document provides an overview of CBCMA's training series on their purchase clearing process. It describes the topics covered in the training, including an overview of Chenoa Fund programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance, and more. It provides contact information for CBCMA's purchase clearing department and explains their typical 2-3 business day review process before conditions are released. It outlines how to log back into the system after review, search for an uploaded loan, access and clear conditions by uploading documents, and how to email the purchase clearing specialist for escalations.
10.L Purchase Clearing - Conditions and Escalations
The document outlines the CBCMA Training Series topics which include an overview of all Chenoa Fund programs, how to calculate AMI, pre-registration using the URLA, underwriting, the lock desk, how to lock a loan, how to secure DPA approvals, how to draw documents, purchase clearing by uploading documents, final documents, servicing, and why to use Chenoa Fund. It provides instructions for purchase clearing, including who to contact, the review timeline, how to log back in after review, searching for an uploaded loan, accessing and clearing conditions by uploading documents to conditions, and escalating conditions by emailing the assigned specialist.
10.L Purchase Clearing - Conditions and Escalations
The document outlines the topics covered in the CBCMA Training Series, including an overview of all Chenoa Fund programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance approvals, and more. It provides instructions on purchasing clearing, including uploading files, accessing and clearing conditions, uploading documents to clear conditions, and escalating issues by emailing the assigned purchase clearing specialist.
9.l (v8.2) purchase clearing - uploading
This document provides an overview and instructions for CBCMA Training Series topics, uploading closed loan documents, and the loan document review process. It outlines 13 training topics, including an overview of all Chenoa Fund programs, how to calculate AMI, the pre-registration and underwriting processes, locking loans, securing DPA approvals, and why to use Chenoa Fund. It provides details on uploading closed loans and supporting file formats. It notes the loan document review typically takes 4-5 days to complete.
7.L How to Secure DPA Approvals
This document provides an overview of a training series for CBCMA programs. It lists 13 topics that will be covered in the training, including an overview of all Chenoa Fund programs, how to calculate area median income, the URLA pre-registration process, underwriting, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing conditions and escalations, final documents, servicing, and why to use Chenoa Fund programs. It also provides brief instructions on waiting for down payment assistance approvals, how to retrieve passwords, what to do after file approval, and interacting with approved files.
7.L How to Secure DPA Approvals (10.0)
This document provides an overview of a training series for CBCMA programs. It lists 13 topics that will be covered in the training, including an overview of all Chenoa Fund programs, how to calculate area median income, the URLA pre-registration process, underwriting, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing conditions and escalations, final documents, servicing, and why to use Chenoa Fund programs. It also provides brief instructions on waiting for down payment assistance approvals, how to retrieve passwords, what to do after file approval, and interacting with approved files.
7.L How to Secure DPA Approvals (v9.2)
This document provides an overview of a training series for the Chenoa Fund programs. It lists 13 topics that will be covered in the training, including an overview of all Chenoa Fund programs, how to calculate area median income, the loan pre-registration and underwriting processes, how to lock and secure down payment assistance approvals, how to draw documents and manage the purchase clearing process, final documents, servicing, and why to use Chenoa Fund programs. It also provides brief instructions on what to do after a file has been approved for down payment assistance and how to generate necessary documents like the funding obligation letter.
11.L V8.3 Final Documents
This document provides information and instructions for CBCMA's purchase clearing process. It outlines topics covered in their training series, contact information, document requirements for collateral, trailing documents, insuring documents, MERS registration, and specific requirements for FHA loans. Instructions are provided for correspondents to access outstanding document reports for trailing documents and mortgage insurance certificates through CBCMA's client portal without needing a username or password.
5.0 Lock Desk (10.0)
This document summarizes the training provided by CBCMA. It includes 13 sessions that cover an overview of CBCMA's conventional and FHA programs, how to calculate AMI, how to complete the URLA, underwriting, using the lock desk, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing by uploading documents and addressing conditions and escalations, final documents, servicing, and the benefits of using CBCMA. It also provides details on CBCMA's lock policy, including good delivery requirements, condition response timelines, lock reinstatement and roll fees, and relock timeframes and pricing.
5.0 Lock Desk
This document provides an overview of CBCMA Training which includes 13 modules covering all aspects of the loan process when using Chenoa Fund programs. It outlines good delivery requirements, lock policies, and lock desk closing times. Loans must be locked before the lock desk closes each day or a reinstatement fee will be charged. Conditions must be cleared within 7 days or roll fees will be assessed. Expired locks can be relocked after 30 days with worst case pricing.
9.l (v3) purchase clearing - uploading
This document provides an overview and instructions for CBCMA Training Series topics, uploading closed loan documents, and the loan document review process. It outlines 13 training topics, including an overview of all Chenoa Fund programs, how to calculate AMI, the pre-registration and underwriting processes, locking loans, securing DPA approvals, and why to use Chenoa Fund. It provides details on uploading closed loans correctly through the CAP portal and supporting file types. It notes the loan document review typically takes 4-5 business days to complete.
11.L V8.2 Final Documents
Some documents need to be mailed to CBC Mortgage Agency after close. Many other documents need to be shipped per FHA/FNMA guidelines.
5.0 Lock Desk (v9.2)
This document provides an overview of CBCMA Training which includes 13 sessions covering topics like calculating AMI, the loan registration process, underwriting, locking loans, securing down payment assistance, and purchasing and servicing loans. It also outlines CBCMA's lock policy including details about good delivery, lock expiration fees, condition timelines, and relocking guidelines. Lock requests must be submitted before the lock desk closes each day between 2-5pm depending on time zone.
6.L How to Lock a Loan
This document provides instructions for a training series on Chenoa Fund programs. The training covers an overview of Chenoa Fund conventional and FHA programs, how to calculate area median income, how to complete a pre-registration 1003, underwriting, the lock desk, how to lock a loan, how to secure down payment assistance approvals, how to draw documents, purchase clearing by uploading documents and addressing conditions and escalations, final documents, servicing, and why use Chenoa Fund conventional and FHA programs. It provides details on the registration process, documents received after approval, how to gain access to Chenoa Fund's portal, how to register or lock a file in the portal, and samples of registration and lock confirmations
5.0 Lock Desk
This training covers 13 topics related to Chenoa Fund programs, including an overview of conventional and FHA programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing by uploading documents and addressing conditions and escalations, final documents, servicing, and why to use Chenoa Fund. The document outlines lock policies, including that good delivery occurs when loan images and collateral are received, locks expiring before good delivery incur a reinstatement fee, correspondents have 7 days to meet conditions, and expired or cancelled locks can be relocked after 30 days. It also lists the closing times for Chenoa's lock desk.
6.L V8.2 How to Lock a Loan
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.
8.0 how to draw documents (v.8)
This document provides an overview of training topics for the CBCMA Training Series. The topics include an overview of all Chenoa Fund programs, how to calculate AMI, how to complete the pre-registration 1003 form, underwriting, using the lock desk, how to lock a loan, how to secure DPA approvals, how to draw documents, purchase clearing by uploading documents and addressing conditions and escalations, final documents, servicing, and why use Chenoa Fund. It also provides instructions on securing DPA approval to draw loan documents, how to lock a loan, how to search and view loan status, how to draw the funding obligation letter and closing documents, and the differences between having Chenoa Fund draw documents versus drawing
6.L How to Lock a Loan
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.
6.L How to Lock a Loan (10.0)
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 information about registering loans in Chenoa Fund's portal before approval, the documents accessed after approval, and how to retrieve passwords and begin the registration process.
16.0 Miscellaneous
This document provides instructions for three topics:
1. Submitting exception requests through the client site for loans registered in the system. It describes registering loans first before submitting exception requests.
2. Submitting exception requests through an exception request form for loans already registered. It describes entirely filling out the form and submitting required documents.
3. Exporting Fannie Mae (FNMA) loan files from the Encompass loan origination system. It provides step-by-step instructions for navigating to a file and saving it.
15.0 DTI and FICO Flowchart
This document provides guidelines for qualifying borrowers for FHA and conventional loans based on their FICO score and other factors. For FHA loans, borrowers with scores of 620-639 must meet additional requirements depending on whether they have a current housing payment. Borrowers with scores of 640+ have more flexible debt-to-income ratio and payment shock requirements. For conventional loans, borrowers with scores of 640-659 must meet additional debt ratio guidelines if approved above 50% by an automated underwriting system. Borrowers at 660+ must meet the debt ratios determined by the AUS. The document outlines alternative qualification options for borrowers exceeding certain debt and payment shock limits.
More Related Content
Similar to 10.l (v8.3) purchase clearing - conditions and escalations
10.L Purchase Clearing - Conditions and Escalations (v9.2)
This document provides an overview of CBCMA's purchase clearing training series, which covers topics related to purchasing loans through Chenoa Fund programs. It outlines CBCMA's purchase clearing department responsibilities, review timelines, how to log into the clearing portal and access conditions, and how to upload documents to clear conditions. Buyers are instructed to contact their assigned purchase clearing specialist if they have any questions or need to escalate conditions.
10.L Purchase Clearing - Conditions and Escalations
This document provides an overview of CBCMA's training series on their purchase clearing process. It describes the topics covered in the training, including an overview of Chenoa Fund programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance, and more. It provides contact information for CBCMA's purchase clearing department and explains their typical 2-3 business day review process before conditions are released. It outlines how to log back into the system after review, search for an uploaded loan, access and clear conditions by uploading documents, and how to email the purchase clearing specialist for escalations.
10.L Purchase Clearing - Conditions and Escalations
The document outlines the CBCMA Training Series topics which include an overview of all Chenoa Fund programs, how to calculate AMI, pre-registration using the URLA, underwriting, the lock desk, how to lock a loan, how to secure DPA approvals, how to draw documents, purchase clearing by uploading documents, final documents, servicing, and why to use Chenoa Fund. It provides instructions for purchase clearing, including who to contact, the review timeline, how to log back in after review, searching for an uploaded loan, accessing and clearing conditions by uploading documents to conditions, and escalating conditions by emailing the assigned specialist.
10.L Purchase Clearing - Conditions and Escalations
The document outlines the topics covered in the CBCMA Training Series, including an overview of all Chenoa Fund programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance approvals, and more. It provides instructions on purchasing clearing, including uploading files, accessing and clearing conditions, uploading documents to clear conditions, and escalating issues by emailing the assigned purchase clearing specialist.
9.l (v8.2) purchase clearing - uploading
This document provides an overview and instructions for CBCMA Training Series topics, uploading closed loan documents, and the loan document review process. It outlines 13 training topics, including an overview of all Chenoa Fund programs, how to calculate AMI, the pre-registration and underwriting processes, locking loans, securing DPA approvals, and why to use Chenoa Fund. It provides details on uploading closed loans and supporting file formats. It notes the loan document review typically takes 4-5 days to complete.
7.L How to Secure DPA Approvals
This document provides an overview of a training series for CBCMA programs. It lists 13 topics that will be covered in the training, including an overview of all Chenoa Fund programs, how to calculate area median income, the URLA pre-registration process, underwriting, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing conditions and escalations, final documents, servicing, and why to use Chenoa Fund programs. It also provides brief instructions on waiting for down payment assistance approvals, how to retrieve passwords, what to do after file approval, and interacting with approved files.
7.L How to Secure DPA Approvals (10.0)
This document provides an overview of a training series for CBCMA programs. It lists 13 topics that will be covered in the training, including an overview of all Chenoa Fund programs, how to calculate area median income, the URLA pre-registration process, underwriting, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing conditions and escalations, final documents, servicing, and why to use Chenoa Fund programs. It also provides brief instructions on waiting for down payment assistance approvals, how to retrieve passwords, what to do after file approval, and interacting with approved files.
7.L How to Secure DPA Approvals (v9.2)
This document provides an overview of a training series for the Chenoa Fund programs. It lists 13 topics that will be covered in the training, including an overview of all Chenoa Fund programs, how to calculate area median income, the loan pre-registration and underwriting processes, how to lock and secure down payment assistance approvals, how to draw documents and manage the purchase clearing process, final documents, servicing, and why to use Chenoa Fund programs. It also provides brief instructions on what to do after a file has been approved for down payment assistance and how to generate necessary documents like the funding obligation letter.
11.L V8.3 Final Documents
This document provides information and instructions for CBCMA's purchase clearing process. It outlines topics covered in their training series, contact information, document requirements for collateral, trailing documents, insuring documents, MERS registration, and specific requirements for FHA loans. Instructions are provided for correspondents to access outstanding document reports for trailing documents and mortgage insurance certificates through CBCMA's client portal without needing a username or password.
5.0 Lock Desk (10.0)
This document summarizes the training provided by CBCMA. It includes 13 sessions that cover an overview of CBCMA's conventional and FHA programs, how to calculate AMI, how to complete the URLA, underwriting, using the lock desk, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing by uploading documents and addressing conditions and escalations, final documents, servicing, and the benefits of using CBCMA. It also provides details on CBCMA's lock policy, including good delivery requirements, condition response timelines, lock reinstatement and roll fees, and relock timeframes and pricing.
5.0 Lock Desk
This document provides an overview of CBCMA Training which includes 13 modules covering all aspects of the loan process when using Chenoa Fund programs. It outlines good delivery requirements, lock policies, and lock desk closing times. Loans must be locked before the lock desk closes each day or a reinstatement fee will be charged. Conditions must be cleared within 7 days or roll fees will be assessed. Expired locks can be relocked after 30 days with worst case pricing.
9.l (v3) purchase clearing - uploading
This document provides an overview and instructions for CBCMA Training Series topics, uploading closed loan documents, and the loan document review process. It outlines 13 training topics, including an overview of all Chenoa Fund programs, how to calculate AMI, the pre-registration and underwriting processes, locking loans, securing DPA approvals, and why to use Chenoa Fund. It provides details on uploading closed loans correctly through the CAP portal and supporting file types. It notes the loan document review typically takes 4-5 business days to complete.
11.L V8.2 Final Documents
Some documents need to be mailed to CBC Mortgage Agency after close. Many other documents need to be shipped per FHA/FNMA guidelines.
5.0 Lock Desk (v9.2)
This document provides an overview of CBCMA Training which includes 13 sessions covering topics like calculating AMI, the loan registration process, underwriting, locking loans, securing down payment assistance, and purchasing and servicing loans. It also outlines CBCMA's lock policy including details about good delivery, lock expiration fees, condition timelines, and relocking guidelines. Lock requests must be submitted before the lock desk closes each day between 2-5pm depending on time zone.
6.L How to Lock a Loan
This document provides instructions for a training series on Chenoa Fund programs. The training covers an overview of Chenoa Fund conventional and FHA programs, how to calculate area median income, how to complete a pre-registration 1003, underwriting, the lock desk, how to lock a loan, how to secure down payment assistance approvals, how to draw documents, purchase clearing by uploading documents and addressing conditions and escalations, final documents, servicing, and why use Chenoa Fund conventional and FHA programs. It provides details on the registration process, documents received after approval, how to gain access to Chenoa Fund's portal, how to register or lock a file in the portal, and samples of registration and lock confirmations
5.0 Lock Desk
This training covers 13 topics related to Chenoa Fund programs, including an overview of conventional and FHA programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing by uploading documents and addressing conditions and escalations, final documents, servicing, and why to use Chenoa Fund. The document outlines lock policies, including that good delivery occurs when loan images and collateral are received, locks expiring before good delivery incur a reinstatement fee, correspondents have 7 days to meet conditions, and expired or cancelled locks can be relocked after 30 days. It also lists the closing times for Chenoa's lock desk.
6.L V8.2 How to Lock a Loan
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.
8.0 how to draw documents (v.8)
This document provides an overview of training topics for the CBCMA Training Series. The topics include an overview of all Chenoa Fund programs, how to calculate AMI, how to complete the pre-registration 1003 form, underwriting, using the lock desk, how to lock a loan, how to secure DPA approvals, how to draw documents, purchase clearing by uploading documents and addressing conditions and escalations, final documents, servicing, and why use Chenoa Fund. It also provides instructions on securing DPA approval to draw loan documents, how to lock a loan, how to search and view loan status, how to draw the funding obligation letter and closing documents, and the differences between having Chenoa Fund draw documents versus drawing
6.L How to Lock a Loan
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.
6.L How to Lock a Loan (10.0)
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 information about registering loans in Chenoa Fund's portal before approval, the documents accessed after approval, and how to retrieve passwords and begin the registration process.
Similar to 10.l (v8.3) purchase clearing - conditions and escalations (20)
10.L Purchase Clearing - Conditions and Escalations (v9.2)
10.L Purchase Clearing - Conditions and Escalations (v9.2)
10.L Purchase Clearing - Conditions and Escalations
10.L Purchase Clearing - Conditions and Escalations
10.L Purchase Clearing - Conditions and Escalations
10.L Purchase Clearing - Conditions and Escalations
10.L Purchase Clearing - Conditions and Escalations
10.L Purchase Clearing - Conditions and Escalations
More from Chenoa Fund
16.0 Miscellaneous
This document provides instructions for three topics:
1. Submitting exception requests through the client site for loans registered in the system. It describes registering loans first before submitting exception requests.
2. Submitting exception requests through an exception request form for loans already registered. It describes entirely filling out the form and submitting required documents.
3. Exporting Fannie Mae (FNMA) loan files from the Encompass loan origination system. It provides step-by-step instructions for navigating to a file and saving it.
15.0 DTI and FICO Flowchart
This document provides guidelines for qualifying borrowers for FHA and conventional loans based on their FICO score and other factors. For FHA loans, borrowers with scores of 620-639 must meet additional requirements depending on whether they have a current housing payment. Borrowers with scores of 640+ have more flexible debt-to-income ratio and payment shock requirements. For conventional loans, borrowers with scores of 640-659 must meet additional debt ratio guidelines if approved above 50% by an automated underwriting system. Borrowers at 660+ must meet the debt ratios determined by the AUS. The document outlines alternative qualification options for borrowers exceeding certain debt and payment shock limits.
14.0 Important Contacts
This document provides important contact information for CBC Mortgage Agency, including submitting and locking loans, pricing locks, underwriting, purchase clearing specialists, collateral and shipping, and borrower payments. Key contacts listed are for requesting company account executive information, registering and locking loans and drawing initial and closing packages, pricing locks, underwriting scenarios, and final collateral and shipping documentation.
13.F Why Use Chenoa Fund
This document provides an overview of a training on Chenoa Fund programs that includes 13 sessions covering topics like program overviews, income calculations, the URLA, underwriting, locking loans, securing down payment assistance approvals, purchasing processes, servicing, and why to use Chenoa Fund programs. It also compares Chenoa Fund to other state and local HFA programs and provides marketing ideas. The training is designed to help lenders understand and utilize Chenoa Fund, a down payment assistance program through CBC Mortgage Agency, to increase homeownership by offering zero down payment options to qualified borrowers.
13.C Why Use Chenoa Fund
This training covers Chenoa Fund programs including an overview of conventional and FHA loan programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance approvals, document drawing, purchase clearing, final documents, servicing, and why use Chenoa Fund. It also compares Chenoa Fund to other state and local HFA programs and provides marketing ideas. The document outlines features and benefits of Chenoa Fund, such as down payment assistance with zero down payments to increase homeownership, flexibility in borrower qualifications, and consistently available funding.
13.A Why Use Chenoa Fund
The document provides an overview of a CBCMA training series on Chenoa Fund programs. It lists 13 topics that will be covered in the training, including an overview of all Chenoa Fund programs, how to calculate AMI, the URLA pre-registration process, underwriting, locking loans, securing down payment assistance approvals, and servicing. It also suggests comparing Chenoa Fund to other state and local HFA programs and provides marketing ideas. Finally, it outlines some key features and benefits of Chenoa Fund's conventional and FHA down payment assistance programs.
12.0 Servicing
This document provides information about CBCMA Training topics, payment addresses, and policies. The training series covers all Chenoa Fund programs, underwriting, locking loans, securing down payment assistance, and more. It lists payment addresses for first and second mortgages. The document also discusses early payment default policy, subordination policy, and requirements.
11.L Final Documents
The document provides information on CBCMA's training series topics, document requirements, and how to pull outstanding document reports. It discusses 14 topics in the training series including an overview of all Chenoa Fund programs, how to calculate AMI, pre-registration, underwriting, locking loans, securing down payment assistance approvals, and why to use Chenoa Fund. It provides details on document requirements for collateral, trailing documents, insuring documents, MERS registration, and FHA loans. It also explains how to pull outstanding reports for trailing documents and mortgage insurance certificates from the client portal without needing login credentials.
9.L Purchase Clearing - Uploading
This document provides an overview and instructions for CBCMA's training series on their lending programs. It outlines 12 topics that will be covered in the training, including an overview of all CBCMA programs, how to calculate AMI, the URLA registration process, underwriting, locking loans, securing down payment assistance approvals, and document drawing. It also provides general instructions for interacting with CBCMA's purchase clearing and final documents departments. Important reminders are given about due diligence reviews and the loan delivery checklist. Initial upload instructions and a list of commonly missed documents are also included.
8.L How to Draw Documents
This document provides an overview of the topics covered in the CBCMA Training Series on using the Chenoa Fund portal. It outlines 13 topics that will be covered, including an overview of Chenoa Fund programs, how to calculate AMI, the URLA pre-registration process, underwriting, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing uploads and conditions, final documents, servicing, and the benefits of using Chenoa Fund. It also provides instructions on accessing the Chenoa Fund portal, beginning to generate documents, filling in required fields, troubleshooting ULI and document date fields, accessing generated documents, and making changes to documents.
4.0 Underwriting
The document provides an overview of a CBCMA training series that covers various topics related to Chenoa Fund programs, including an overview of all Chenoa Fund programs, how to calculate AMI, the pre-registration URLA process, underwriting, the lock desk, how to lock a loan, how to secure DPA approvals, how to draw documents, purchase clearing by uploading documents and addressing conditions and escalations, final documents, servicing, and why use Chenoa Fund. It also includes sections on general program guidelines, closing and MERS requirements, second lien documentation requirements, commonly missed documents for the credit and closing packages, admin fee clarifications, rate sheet clarification, displaying second lien loan fees on the closing disclosure,
3.F FHA Pre-registration The URLA
This training series covers the Chenoa Fund lending programs including an overview of conventional and FHA programs, how to calculate AMI, how to complete the URLA, underwriting, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing, final documents, servicing, and benefits of using Chenoa Fund. The training covers requirements for TRID compliant disclosures on both the first and second mortgages including how to reflect the secondary financing from Chenoa Fund accurately on the URLA, closing disclosures, and in the Encompass system.
3.C Conventional Pre-registration The URLA
This document provides an overview of a training that includes 13 modules covering Chenoa Fund programs, calculating AMI, the URLA, underwriting, locking loans, securing down payment assistance approvals, document drawing, purchase clearing conditions and escalations, final documents, servicing, and the benefits of using Chenoa Fund. It provides instructions for various steps in the origination process when using Chenoa Fund assistance, including disclosing the assistance on various loan documents and the Desktop Underwriter submission process.
3.A All Pre-registration The URLA
This document provides an overview of a training series on Chenoa Fund programs. It lists 13 topics that will be covered, including an overview of all Chenoa Fund programs, how to calculate AMI, how to complete the URLA, underwriting, locking loans, securing down payment assistance approvals, and servicing. It provides instructions for completing the URLA and disclosure documents for loans using Chenoa Fund down payment assistance. Key steps include disclosing the assistance on the URLA and closing documents.
2.0 How to Calculate AMI
This document provides an overview of a training series on Chenoa Fund programs. The training covers topics such as an overview of conventional and FHA programs, how to calculate area median income through HUD resources, how to complete the URLA, underwriting, locking loans, securing down payment assistance approvals, drawing documents, purchase clearing, final documents, servicing, and why to use Chenoa Fund programs. It also provides two methods for calculating area median income using HUD data by county to determine eligibility for different down payment assistance programs.
1.C Conventional Chenoa Fund Programs Overview
This document provides an overview and summary of a training series on Chenoa Fund programs. The training includes modules on Chenoa Fund programs, calculating area median income, the URLA, underwriting, locking loans, securing down payment assistance approvals, document drawing, purchase clearing conditions and escalations, final documents, servicing, and an overview of why to use Chenoa Fund programs. It also includes a matrix comparing the Conventional Standard 97% LTV and HomeReady products.
1.A All Chenoa Fund Programs Overview
This document provides an overview and details of Chenoa Fund programs offered by CBC Mortgage Agency. It includes 13 training topics that cover all aspects of the programs from initial registration to loan servicing. The programs offered are Rate Advantage (FHA), DPA Edge: Repayable Second (FHA), DPA Edge: Soft Second (FHA), Conventional Standard 97% LTV Loans, and HomeReady® (Conventional). Each program is described in 1-2 paragraphs outlining key details such as eligible property types, minimum credit score, income limits, loan terms, and down payment assistance amount.
1.C Conventional Chenoa Fund Programs Overview
This document provides an overview and summary of a training on Chenoa Fund programs. The training includes 13 sessions covering various topics related to Chenoa Fund programs like how to calculate AMI, the URLA, underwriting, locking loans, securing down payment assistance approvals, and servicing. It also provides a general overview of Chenoa Fund, including that it offers 3.5% down payment assistance through second mortgages. The document includes matrices comparing the Conventional Standard 97% LTV and HomeReady programs and discusses program requirements.
1.A All Chenoa Fund Programs Overview
This document provides an overview and summary of Chenoa Fund programs offered through CBC Mortgage Agency, including conventional, FHA, and down payment assistance options. Key details summarized include eligible property types, minimum credit scores, income limits, DTI requirements, terms of the secondary financing, and documentation requirements for verifying housing expenses and credit.
15.0 DTI and FICO Flowchart
This document provides guidelines for qualifying borrowers for FHA and conventional loans based on their FICO score and debt-to-income (DTI) ratio. It outlines the basic requirements for borrowers between 620-639, 640-659, and 660+ FICO scores. For borrowers outside the standard DTI or payment shock limits, alternative qualifications include having two years of employment, two months of reserves, a front-end DTI of 31% or meeting the VA Residual Income Test. The document directs the user to exception requests or additional support for scenarios that do not meet requirements.
More from Chenoa Fund (20)
Recently uploaded
Serviced Apartment Ho Chi Minh For Rental
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Stark Builders: Where Quality Meets Craftsmanship!
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
Dholera Smart City Latest Development Status 2024.pdf
Explore the latest development status of Dholera Smart City in 2024. Discover the progress, infrastructure, and future plans of India's first greenfield smart city.
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Shawn Tyler Freeman Mesa Arizona - Lawsuit Exhibit - 3754 S Honeysuckle Mesa AZ 85212 - Pamela Brown Notary Arizona
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样
原版一模一样【微信：741003700 】【(ucr毕业证书)加州大学河滨分校毕业证学历学位证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
学校原件一模一样【微信：741003700 】《(Greenwich毕业证书)格林威治大学毕业证PDF成绩单》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Things to Consider When Selling Your House - Summer 2024 Edition
If you're thinking about selling your home this summer, make sure you take some time to read this guide so that you understand the market.
Recent Trends Fueling The Surge in Farmhouse Demand in India
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
SVN Live 6.10.24 Weekly Property Broadcast
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Recently uploaded (14)
G+10 apartment 1- Sustainable apartment building.pdf
G+10 apartment 1- Sustainable apartment building.pdf
Stark Builders: Where Quality Meets Craftsmanship!
Stark Builders: Where Quality Meets Craftsmanship!
Dholera Smart City Latest Development Status 2024.pdf
Dholera Smart City Latest Development Status 2024.pdf
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
HollandRow_17x11_Insert_Floorplan_Feature sheet.pdf
HollandRow_17x11_Insert_Floorplan_Feature sheet.pdf
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
Things to Consider When Selling Your House - Summer 2024 Edition
Things to Consider When Selling Your House - Summer 2024 Edition
Recent Trends Fueling The Surge in Farmhouse Demand in India
Recent Trends Fueling The Surge in Farmhouse Demand in India
Addis Bleaching Mixed use Apartment- Documentation 6.pdf
Addis Bleaching Mixed use Apartment- Documentation 6.pdf
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
10.l (v8.3) purchase clearing - conditions and escalations
- 2. Topics 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. • CBCMA’s Purchase Clearing department does not handle: • Trailing documents • Collateral • FHA • MERS • Our Final Docs department answers questions about those documents • Our Purchase Clearing Department handles conditions • General questions can be emailed to purchaseclearing@chenoafund.org Who to Contact
- 4. • Review typically takes 4-5 business days to complete before conditions are released • A notification email will be sent after review is complete and conditions released • You will need to designate a contact person to receive the notifications; if you are not receiving these notification emails, please reach out to info@chenoafund.org • Our purchase clearing team will also be notified when the conditions have been released • Your assigned specialist will reach out to you, advising that conditions have been released • Your assigned specialist will provide contact info for any questions Wait for a Review
- 5. • Use the same login process to log in after file review • Please refer to the training “Purchase Clearing— Uploading” for more on uploading files • It is recommended to use Google Chrome when using CAP Log Back In
- 6. Searching for an Uploaded Loan • Select “Reports and Uploads”
- 7. Accessing and Clearing Conditions • Loans with pre-purchase conditions are located in “Purchase Conditions” • Post-purchase conditions are located in “QC Conditions” • Select “Upload Loan Images” to view the conditions and to upload images to clear the conditions
- 8. Uploading Documents to Clear Conditions • You can view a list of any outstanding conditions that need to be cleared • Clear conditions by uploading the needed documents • Accomplish this by dragging and dropping documents to the grey bar • Cleared conditions will be marked with a “cleared” and a waived date stamp • Make sure you’re dragging and dropping your documents in the Purchase Conditions tab. • Purchase conditions are conditions we see while trying to purchase the loan; QC conditions are conditions we find after we’ve already purchased the loan.
- 9. Uploaded Documents Added to List • Uploaded documents will be added and sorted alphabetically • Each document will include a date and a time stamp • Do not send documents via email
- 10. Email Your PC Specialist for Escalations • If you feel a condition is unclear, or if you disagree with the validity of the condition, you may escalate • Email your file’s assigned PC specialist to escalate