| |
| Receive 1003 for processing |
Receive 1003 in point format. Upload the same into Calyx System |
Application
integrity check |
Review the uploaded 1003 and check for any missing information. Red flag any inconsistent information. |
Review AUS
Findings |
Run an AUS finding / receive an AUS finding. Review the finding to create a checklist of requirements for the application (we will need your codes for all investors) |
Send additional
items required
checklist |
All borrower facing requirements to be sent to LO for follow up |
| Order appraisal (if not ordered by LO) |
Appraisal ordered and followed up every 24-48 hrs. until
received |
| Order title |
Title ordered and followed up every 24-48 hrs. until
received |
| Order flood cert. |
Flood cert ordered |
| Order VOE |
VOE ordered and followed up every 24-48 hrs. until
received |
| Review borrower documents |
Review all documents sent by borrower (income and asset documentation, etc.) |
| Review 3rd party documents |
Review appraisal, title |
| Prepare file for submission |
Stack the file and send to underwriting |
| Follow up with underwriting |
Follow up every 24 hrs. until the file is underwritten |
| Clear lender conditions |
Coordinate with underwriter and LO to provide all missing docs and information |
| Order payoff & evidence of insurance |
Payoff ordered and followed up ever 24-48 hrs. until received and order hazard insurance with correct loss payee |
| Draw Docs |
If warehouse line line - draw docs and request funds |
| Coordinate Closing |
Coordinate with Title company to ensure closing is complete
|
| Purchasing |
Coordinate with LO - work on suspense conditions promptly to ensure loan is purchased |