FHA mortgage type will enable the MCAW Web form, FHA calculations, and core FHA disclosures.

Open a Windows-based version of TrueClose to quickly enter 1003, TIL, and GFE information.

Owners/Administrators can create standard 1003, GFE, & TIL defaults to save time from the “Branch Defaults”>”Templates” page.  LOs select Deal Template from “Enter New Application” page.

Save tax information from the template and recalculate automatically when the Loan amount or purchase price changes.

Navigating to the TIL page automatically calculates TIL figures.

View the entire payment schedule in detail.

From the “Subject Property Details” page, “Copy Present Address” link will populate the subject property address without retyping.

Checking APR on GFE can be saved without any value input.  This is beneficial for using the Deal Templates so that LOs don’t have to worry about what an APR item costs.

Users will be notified a day before a rate lock is about to expire.

Processing Submission Request Form has been added.

79 state-specific disclosures have been added.  Based on subject property state, corresponding forms will be made available.

“Total Estimated Funds” and “Loan Details” window refreshes the main GFE page for calculations.

“Borrower Details” window refreshes page 1 of the 1003 page to reflect changes.

Multiple current employer info populates 1003 .pdf form.

County auto-populates despite refresh of page.  Copy Present Address to Subject Property Address populates county.

Co-borrower home phone and zip code saves from the “Enter New Application” page.

Owners or Administrators can restrict users from deleting deals from the pipeline.

Loan Officer and Loan Processor will receive an email notification when a conversation note has been recorded to stay abreast of the deal.

View and modify deals that have an estimated close date for the current month. 

View and modify from the Deal Header the estimated close date, upfront fees, yield spread, and view cash to/from borrower. 

Ability to upload company related documents for all users to view, email, fax, and link to deals.

Enter name, address, and social security number to allow for ability to pull credit quickly. 

Once credit is pulled, the Preparation Date will be populated, which will set the Estimated Close Date 30 days from the preparation date. The First Payment date will populate the subsequent 1st of the month that falls over 30 days from closing.

General Forms Section:

Basic facts about your Mortgage Loan

Request (Washington Mutual form)

Notice of Pre-Approval

Additional Service

AVM Notice

Hazard Insurance Disclosure

Information About Procedures

Borrower Certificate Net Tangible Benefit

Allowing owner client level users (LOs and LPs) the ability to access deals, tasks, and event in all branches.

Landsafe and Credco have been added.

Export file fixes.

CLTV has been added to the Pipeline View.

Owner can clone deals. 

Email and Fax button added to allow document to be emailed or faxed.

Postal Code auto populates City and State of the employer address.

Pull/View Credit has been enhanced to allow for re-importing liabilities that may have been changed or deleted.

Borrower contact information has been added to populate email addresses and fax numbers.

All documents can be renamed and linked or un-linked to multiple deals. 

Email button has been added to the Virtual Fax Inbox to allow for emailing received faxes. 

Attached documents will be displayed on the “Send Email” and “Send Fax” pages.

We have substantially increased the speed and enhanced the execution of the 1003, GFE, and TIL. Extensive changes to the Deal Center, 1003, GFE, and TIL will allow you to complete the loan application process in half the time!

When you send faxes or emails from your Deal Center or Document Vault, or when you are entering Provider Relationships, your contact list is available to directly import contact information.

Notifications have been added that alert the Loan Officer when any changes are made, in the Processing stage, to data that affects the loan ratios.  In addition, any Conversation Note recorded will also notify the loan officer.

Deal Center has been enhanced to allow for editing Lead Source.

Credit Score Information Disclosure, Disclosure Notices, and Itemization of Amount Financed have been added in the General Forms section.

Company Interview Name is editable.

Changed from pencil to pop-up window icon.

Owner role can match faxes to any deal within the company.

This feature allows a consolidated view of all net- branch specific clients without requiring multiple logons.

The permissions security feature will allow the ability to disable the feature for all Loan Officers (LOs) from the ability to edit or change any deal specific information once the deal has entered the Processing stage.

This method of disclosure will provide the borrower with a statement that discloses any relationships between the lender and providers for applicable line items of the Good Faith Estimate.

This feature allows the user to personalize their Dashboard view on a customizable basis.

Advanced searching capabilities to the Pipeline search screen will include the loan amount range, created date range, modified date range, interest range and the Deal stage. The search page will also display a list of saved search requirements and allow a user to select one as default.

PMI - Disclosure Lender Paid Mortgage Insurance General Forms

PMI - Disclosure High Risk Loan
General Forms

PMI - Disclosure Fix Rate Mortgage
General Forms

PMI - Disclosure Adjustable Rate Mortgage
General Forms

Tax Information Authorization (8821)

Processing Forms

Gift Letter

Processing Forms

Flood Insurance Disclosure

Processing Forms

Alternative Documentation

Full Documentation

Reduced Documentation

Streamline Refinance

No Documentation

No Ratio Documentation

Limited Documentation

No Income Documentation

No Income and No Assets Documentation

No Income and No Employment Documentation

No Assets Documentation

No Verification of Stated Income Documentation

No Verification of Stated Assets Documentation

No Verification of Stated Income or Assets Doc.

No Verification of Stated Income or Employment Doc.

Verbal Verification of Employment Doc.

This will allow for the export of credit reports into html and .pdf formats.