Borrower: Loan Officer: Processed:

File #:

OPEN FILE

______Date that loan was turned into processing (files submitted after 12:00pm are dated following business day)

___Send out FHA Amendatory Clause if not already sent

___Add file to the Operations Report

___Check the expiration date of credit report. Report is good for 90 days. If credit report will expire prior to the closing date, alert loan officer.

___Review submission sheet for instructions from LO

___Check disclosures for dates, phone numbers, signatures and completeness

___Revise point with any corrections made by LO on the documents

___Complete either 1008 for conventional or FHA Transmittal for FHA loans.

___Order Tax Transcripts & SSN Verification (www.fraudpredator.com)
(reminder: put 1040, 2008, 2009 & name, address & phone # of Company)

___Order Flood Cert (Point > Services)

(reminder: add middle name/initial and c-borrower name and middle name/initial)

___Obtain FHA Case # ___LDP/GSA (ßAll on FHA Connection)

(originator ID is 1261700302)

___Check if case number is out of holds tracking.

___Order Appraisal (AMC links) ___Appraiser Approvals (FHA Connection and www.asc.gov)

___Order Title (1003, GFE, Initial Fees P & S, letter to attorney and title request form.)

___Request payoffs if refinance, page 3 of 1003 …all mortgages marked paid off (Loan number from credit report)

___Package Loan in file order

_____Verbal / Full VOE Borrower _____ Verbal / Full VOE Co-borrower

_____Third Party Verification _____ Third Party Verification

**Full VOE needed for borrowers who are paid hourly and not getting 40 hours a week, Teachers need number of pay periods a year and Nurses need average hours a week AND for all income used that included OT, Bonus, commission ect as shown on page 2 of the application

_____ Scan file to Scanner Folder. Uploads get printed into Doctrac.(it’s a printing option.) Along with the file…either a 1008 for CONV or a FHA Transmittal Summary needs to go too.

_____ Email Bev and Sarah with loan number, borrower name, commitment date, estimated closing date, and if locked who the loan is locked with – print lock and staple to left side of folder.

HH