nations direct mortgage wholesale lending training guide “how to use loan manager” revised on:...
TRANSCRIPT
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Nations Direct MortgageWholesale Lending
Training Guide“How to Use Loan Manager”
Revised on: December 20, 2013
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www.MYNDM.comNations Direct Mortgage Main Landing Page
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Wholesale Landing Page
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Log-In
Loan Manager
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NavigateLinks Help Guide View Pipeline
New Loan Products & Pricing Manage Account
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Manage AccountChange Personal Information by clicking:
“Edit My Contact Details”
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Manage AccountAdd Users – click on icon with “+” sign
Fill in all fields with an “*”Scroll down and select “Role” – Mgr/Admin, Loan Processor or Loan Officer
Email sent to “new user”
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View PipelineClick “View/Edit” to enter loan
Don’t check mark the box on the leftLink to “new loan” – click “+”
Don’t Check Mark
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View PipelineConditions & Documents
Upload conditions in document sectionClick “Submit for Review” otherwise conditions won’t be delivered
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Product & PricingManual Input
Price LoansLock Loans
Must input FICO twice/Co-borrower if applicableAppraised value is not a PurchaseMust input target rateLoan Originator changed to “Lender”
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Product & PricingClick on “+” to select product
Click “view/select” on applicable rate
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Product & PricingClick “Continue” or “Continue and Request Lock”
Click “save”Select “Loan Officer & Loan Processor”
Click “next”
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Product & PricingLoan is now saved and “loan number” established
Option to “lock request”, “cancel” or “Loan Details”
NOTE: Information put in manually will NOT change when the DU file is uploaded. You must go into the loan file and manually update anything that is different. “ie” – borrower name, loan amount, value, etc.
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Loan DetailsImport Additional Data – To upload DU or DO Case file ID
Submit Loan – To submit the loan for underwritingLock Request – To lock the loan
**Do NOT use “submit & lock” feature
NOTE: The DU file, DO case ID or loan manually input must occur before you can proceed with “Submit Loan”
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Click “Desktop Originator” & input Case file IDClick “DU 3.2 File” & Browse for file
Click “Create Manual” to fill out 1003Select “Loan Officer & Processor”
Click “Next”
New Loan or Import Additional Data
NOTE: When you come to this landing page by clicking on “import additional data”, the “create manually” will not be an option. Manual input occurs in the “loan details” section because the loan was started through “products & pricing”.
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If DU 3.2 was selectedBrowse for DU 3.2 File
Click Import
New Loan
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Landing Page after DO Case file ID or DU 3.2 File has been importedReview Loan Information
“Save”Submit or Lock Request
Loan Details
NOTE: once you save the file a “green” statement will appears that states “current loan has been saved”
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Click “Conditions & DocumentsDon’t click “Submit Loan” at this time
**The Submission Form must be uploaded with documents**
Submit Loan
NOTE: Submission Form must be uploaded in the Conditions & Documents Section before submitting the loan
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Click “Add File”**PDF Documents Only – 20 MB Max Size - At least one PDF document must be added and upload in the “Submission Pkg” section below
Click “Browse” - Click “Upload File”Click “Submit Loan”
Submit – Conditions & Documents
NOTE: Uploading documents does NOT submit the loan. You must click the “Submit loan” button from the left hand menu!!!
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Click “Submit Loan”
Upload Complete
NOTE: Uploading documents does NOT submit the loan. You must click the “Submit loan” button from the left hand menu!!!
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Click Product & PricingDon’t input information in fields on this screen
Lock Request
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Input FICO TwiceInput Target Rate & Lock Period
Impound Waiver – Only when allowedClick on “Lender”
Click “Next”
Lock Request
NOTE: If there is a Co-borrower on the loan, make sure to input the co-borrower FICO score too.
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Choose Programclick “view/select” on desired rate
Next Click “continue”Next Click “Lock Request”
Lock Search Results
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Lock Request Placed
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Lock Information
• Initial Locks submitted through Loan Manger or lock request form found in the resource section of the wholesale website
• Lock extensions by email – [email protected]• Locks expiring on a Weekend or Bank Holiday will
expire on the next business day• 3:30pm PST is cut-off time (locks, extensions &
funding)• 1 lock extension is allowed per loan
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Loan Manager Information• When importing a new loan:
Loan Officer means Nations Direct Account ExecutiveLoan Processor means Nations Direct Account Manager
• If there is a 2nd borrower on the loan, their information can be input by clicking “Borrower Pair”• The Loan Submission form is required and must be uploaded in the “Conditions & Documents”
section when submitting the loan• Loan Status:
New Loan – create loan & loan # establishedStarted – Loan has been submitted to underwriting
• Save – click “save” anytime prompted• DU File will “not” override any information that was input manually. To change incorrect information
that was input manually you must go back into the 1003 and change it.• When a loan was originally entered through “Product & Pricing” or “Register Loan” the “Import
Additional Data” is used to upload a FNMA DU 3.2 file or CO Case File ID#.• Auto Underwriting can be used to check and see if the Loan fits our guidelines• Loans can only be officially submitted once the 1003 is completed (manually, DU or DO) and
documents have been uploaded with at least once document in the “submission Package” section• Conditions are uploaded under “documents” through the “document & conditions” section of “loan
detail”. **Conditions are NOT submitted to Nations Direct once they are “uploaded”. To submit the conditions, you must click on “Submit for Review”.
• FNMA Sponsorship Steps -
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Loan Manager InformationOPTIONS IN LOAN MANAGER
1. Manual submission using the “loan submission form” – found in the resource section and also by clicking on “submit a loan” on the wholesale landing page
2. Manual submission through Loan Manager using the 1003 & “loan submission form”3. Electronic submission using Loan Manger with a DU or DO file & “loan submission form”4. Manual “products & pricing” using Loan Manager to obtain pricing to lock
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Nations Direct MortgageTHANK YOU
Thank you for being a Partner with our Wholesale Lending Division
If you have any questions please contract us at:(866) 762-3940