Loan Details:

Next click on
to complete the final LOAN CALCULATIONS, assign a LOAN
NUMBER, add CREDIT LIFE and DISABILITY insurance, add GAP and WARRANTY, set the
PAYMENT DATE and REPAYMENT METHOD.

After taking time to explain the benefits of GAP and WARRANTY record the member’s choice by
selecting ACCEPTED or OFFERED, NOT TAKEN. If the member would like GAP or WARRANTY on
the loan, click

to record the fees.
Click the gray box next to either GAP or WARRANTY to add your fee. Click
to save your changes.
then
NOTE: The GAP fee will be increased from $200 to $300 as of JUNE 7th. Members will be able to choose to
pay the fee MONTHLY which will require the fee to set-up as an ACH withdrawal or pay the fee in a one lump
sum at loan closing. We are recommending the member pay the fee at closing. With the MONTHLY option,
they could receive OVERDRAFT fees if the payment comes out and there is not enough money. In addition, if
the member misses ONE payment, the policy is CANCELLED.

Review the
and click
.
NOTE: Member’s who are applying for HOME EQUITY
LOANS will now be required to pay closing costs. We will
continue to waive closing costs for HOME EQUITY LINES OF
CREDIT.

The loan amount pre-fills in all loan types except
HOME EQUITY LOANS/LINES. The TO
BORROWER and TO OTHERS fields will need to be
filled in for these loan types.




The FEES for HOME EQUITY LOANS/LINES prefill in the FEES section.
Click the
HYPERLINK to ADD or
DELETE fees.
Click each line item and complete the PAYABLE
TO fields if you are processing a HOME EQUITY
LOAN. Be sure to click UPDATE after each
change.
Click
to exit FEES.
NOTE: If you fail to complete the PAYABLE TO field on a HOME EQUITY LOAN the HUD-1A will be
incorrect.




The DISBURSEMENTS allow you to complete the
right hand side of the HUD-1A which indicates
where the LOAN PROCEEDS are to be
DISBURSED when the loan is out of RECISSION.
CLOSING COSTS for HOME EQUITY LOANS will
display on the right hand side of the HUD-1A as a
DISBURSAL.
Complete the AMOUNT and DESCRIPTION for
each item to be paid and click the UPDATE button.
Click
to exit DISBURSEMENTS.

The FIRST PAYMENT DATE will
default to one month from the loan
closing date. The member may
choose a different date if they wish.
You may also need to change the
due date to accommodate
SUMMER SKIP.
NOTE: When selecting the REPAYMENT METHOD for HOME EQUITY LINES OF CREDIT, be sure to select
a METHOD of CASH and BILLING.

Select the REPAYMENT METHOD that
best suits the member. Enter the next
available LOAN ID. Click the
icon
to save RATE CHANGES and your
LOAN ID.
NOTE: If you forget to enter the LOAN ID, you
will not be able to move your WORKFLOW to
FUNDING.


Click the
button on the left navigation bar if conditions have not been met.
The appropriate required conditions will appear for each loan type. If you would like to add additional
CONDITIONS you may choose from the dropdown or type the condition in and click


Review the CONDITIONS before printing loan
documents. Select M for MET, W for
WAIVED or FE for FUNDING EXCEPTION.
Be sure to click the
changes.
icon to save your
NOTE: Never use FUNDING EXCEPTION.

Hover over ACTIONS, select WORKFLOW
and click ACCEPT FUNDING to move the
loan to BOOKING.
.

Your loan will be submitted to
WORKFLOW.
NOTE: If your WORKFLOW fails at this
stage click WORKFLOW STATUS to review
the problem with the loan.

Click
to continue.