TRID 2015

This Loan Submission Guide is for applications taken on or
after October 3, 2015.
◦ The purpose of this guide is to assist you with a successful loan
registration.
◦ In effort to remain compliant with the CFPB, all applications must
be submitted to BOFI within 24 hours of completion.
◦ Loans submitted more than 24 hours after a complete application
is taken will be rejected.
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Getting started
 Successful upload and next steps
 Submission requirements for BOFI
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 Brokered//Correspondent
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Registering your loan
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3.
Go to www.bofifederalbank.com.
Click on the “Home Loans” tab and then “Third Party
Lending”.
Click on the “Wholesale and Correspondent sign in” button.
4.
Enter Username and Password.
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2.
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5.
At the bottom of the page, click on “Upload a Loan”
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This may prompt an additional log-in
Enter Loan Officer information
Choose product
Upload your Fannie Mae (FNMA) 3.2 file
You will receive the following message: “File upload
successful, the new internal loan number is XXXXXX”
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Once you have a successful upload, you will see the loan details
screen. To upload required documentation, click on the conditions tab
and select the condition which you will be uploading to.
Click on the upload button
and the condition upload
screen will show up. You can
browse to find your file and
then click “start upload”.
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BROKERED LOANS:

1003:
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Submission Fee Sheet:
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An email address and phone number is required for ALL borrowers.
 Must have all 6 pieces of information required to consider the file an application
 Must be dated by the LO within 24 hours of submission
 Must have LO and Company NMLS numbers accurately reflected
 Use BOFI’s Submission Fee Sheet that is available online under the forms tab.
 Select the tab for either “Lender” or “Borrower” paid origination on the fee sheet.
 Once completed, upload the Fee sheet to the “Submission Fee Sheet” condition.
 We will disclose electronically and all borrowers are required to e-sign their
disclosures.
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All borrowers on Owner Occupied Refinances must provide their own e-mail address.
Non-borrowing spouses/other consumers on rescindable transactions must receive the initial
LE. An email address for each additional consumer must be provided.
Foreign National borrowers must have a US mailing address and phone number.
Agency Program Additional Requirements
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Broker must provide DO Cert.
Findings must reflect final status.
File must pass the QM points and fees test.
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CORRESPONDENT LOANS:

1003:
 Must be dated and signed by the LO
 Must have LO and Company NMLS numbers accurately reflected
 Borrower email address and phone number
 Foreign National borrowers must have US mailing address and phone number
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Disclosures:
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Loan Estimate:
 Must be dated in compliance (within 3 business days) to the 1003
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Must be dated in compliance to the 1003
Itemization of fees to match your LE
Impounds are required on all HPML loans
Compliant COC is required for any re-disclosed LE(s)
Need proof of receipt of LE by non-borrowing spouses/other on rescindable
transactions.
 Can be a read receipt or email acknowledging receipt of LE.
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Credit Report:
 Must be dated within 90 days
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Once the minimum documentation has been uploaded,
select the “Submit My Loan” tab on the right side of the
screen.
Enter all information requested under this tab and click
on the “Submit Request” button once complete.
Your loan will now be in a registered status.
Intake will review the file and send initial disclosures if
information provided is compliant on Wholesale loans.
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