Transcript How To Submit Loans to Flanagan State Bank

How To Submit Loans to
Flanagan State Bank
a/k/a “you are going to love this system”a
Where to find our Submission Portal
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www.fsbtpo.com
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Contains a link on the Home page to our portal
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https://flanaganstatebank.mortgagebotlos.com/login
Bookmark this page to keep it simple to return to
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Accessible on PC’s, laptops, phones & tablets
Some devices may be limited to just viewing info
Log In Required
To receive your log in link, email [email protected]
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Email with link will be sent from Enterprise LOS. Please
check your spam folder prior to emailing us that you did not
get it, once we send the link out.
Do not share your log in with other LO’s or Processors in your
company. The link is specific to your NMLS. Documents will
print with your name and information on them.
The system is user sensitive and we require each user to
have their own log in. Processors will be set up to view the
LO’s they are working with.
Log In Page
Submission System Home Page
The Create drop down provides the option for uploading a FNMA 3.2 file or
manually entering in your 1003 information to start a new loan
Pipeline allows you to view the loans in progress and check for status updates
Where Do I click next?
Upload or Create a Loan
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Under Create…choose Import for a FNMA 3.2 file
Or Create a Loan for manual data entry
Important Details for Importing
It is very important that you
choose the correct Loan
Origination Type. Your loan
will be:
Or
Once all choices are
completed, click Import
Once your file is uploaded, check the 1003 to make sure ALL sections
are completed. Click on each section to enter it.
Register Your File
Under the Forms & Docs menu, choose Register Loan. All RED boxes must be completed to complete
the registration. At the bottom of the page, click Register. If any information is missing, the system
will advise you with links to the missing items. Once registered, leave page by clicking Close at the
bottom of the screen. Now that your loan is Registered, you may lock at any time you choose.
SCENARIO PRICER & LOCK SCREENS
The next few screens will outline how to utilize our Pricing Engine and
lock the files.
Scenario Pricer
To locate the Scenario Pricing Engine, open Forms & Docs and midway down the menu click on Scenario
Pricer. All sections in RED must have information entered to price correctly.
Scenario Pricer - Continued
Originator Compensation must be
entered. Choose one of the following
options:
Lender Paid
Borrower Paid
Origination fee:
Must be completed to reflect the amount
being charged for either LPC or BPC as
chosen above
The lock information does not carry over
to the GFE at this time. If using our
system to prepare Initial Docs, please note
you will still have to complete the GFE in
full.
On Correspondent Loans, it is not
necessary to choose compensation type.
Scenario Pricer - Continued
Make sure to complete the Credit Information section for
accurate pricing!
In the same section you will be able to tell us to
waive the underwriting/commitment fee. Under
credit grade choose UW WAIVER.
Pricing Options
Once the form is completed appropriately, click on PRODUCT
SELECTION at the bottom of the screen.
Your pricing options will be shown and
you may choose which rate/pricing is
best for your loan. All adjustments will
show at the bottom.
You may choose any of the options
from the buttons below the pricing.
Please note that you will not be able to
choose a rate until you choose the lock
button at the bottom.
Lock Screen
Located two spots down from the Scenario Pricer, this screen is used
for when the LO is ready to complete the lock and does not need to
price out the loan.
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Screens are similar to Scenario Pricer
All information must be entered to accurately price the loan.
Any information needed but not entered will result in pricing
not being shown.
To waive UW fee, use drop down under Credit Information –
Credit Grade
Confirmation will be sent
via email
Upload your file
Under Imaging, choose UPLOAD DOCUMENT. It will open a new window. You can upload as many documents
as needed, or one large package. Browse to find your file. Please check upload in color to insure good
quality on the docs. Choose the document type…it will only have TPO Submission Package as your option.
Then click on Submit. The system will confirm the upload. When you have uploaded your complete file, click
CLOSE in the upper right corner to close out of the upload screen.
Image Flow
All documents can be viewed under ImageFlow. Any document in the file will be held in this section.
ImageFlow
ImageFlow is a great tool to communicate to our internal staff
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With ImageFlow, you can:
Add notes to documents
Turn pages the correct way
Highlight sections to point them out to the Jr or UW
Delete extra documents
View multiple documents at one time
Tool bar at top of screen provides all the tools needed to advise
on your file submission
Ready for Submission
Once you have Registered and uploaded, the file is ready to be
officially submitted to FSB. Under Actions, choose Final. This
will notify the Jr Underwriters and Ops Manager that the file is
ready for review.
After Underwriting?
You will be notified via email when your Loan Approval is ready to view in the system. You
will find your loan commitment under Forms & Docs, Underwriting Conditions/Decision.
Ready to Resubmit?
Simply go to Imaging in the menu to the left, click on upload documents and upload the same
way you did the submission package. When ready for us to view, under Actions choose FINAL
A couple of Important Notes:
1) When your file is in submission status or finalized,
you will not be able to add any documents to the file
until it is released back to you
2) We ask to keep multiple submissions to a minimum.
The more submission and the more “touches” a file
has, the longer our turn times become
What Do I Do If…..
Q: My file will not allow me to choose Final under Actions?
A: Email your Inside Account Executive immediately and let them
know the Final button is not available. Do this ONLY if the file
has been registered and you are ready for New Submission or a
conditional approval and you are ready to submit conditions. IF
you are trying to upload more docs after you have finalized the
file, you will not be able to add anything to the file until the file
is completed by the underwriter.
Pipeline View
As you enter loans, you can locate them under your pipeline. A search is
available to find your loans quickly as the pipeline grows. Simply click on
the loan to enter the file.
Additional Features of our System
These features will assist you with your productivity!
AUS – you have the ability to run DO or LP upon registration of the file. Find
this option under Services in the menu. This is only open to you until the loan
is submitted to the UW. You must choose one of the AUS systems and the
other will be closed to you once a choice is made. The file must be registered
for access to the AUS.
Docs – Initial and requested docs can be generated from our system. In the
menu locate Doc Packages. For Initial Docs, choose Initial Disclosure. Do not
choose any features to send docs to borrower, simply confirm information and
submit. The docs will generate a PDF for you to print or send to the borrower.
To generate any additional docs you need, you may follow the same steps and
pull what is required from the package.
Viewing – you will always have access to the file. You will be able to view our
ratios, income, etc to know exactly how your file was underwritten.
Transparency is the key. The more you know about the information we used
to underwrite, the better you can judge the approval.
Appraisal Confirmations – will be found under notes. You will
receive an email confirmation that a note has been added and
can view it under the book symbol in the upper right corner.
AUS
LP & DO are available
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You will have full access to DO. If
you prefer LP to be ran, please
email your Inside AE to have them
run findings.
The one you choose is the one we
will have to stick with throughout
the file
Choose Automated Underwriting
under Services Menu
You will enter your credit report
information on the first screen to
re-issue the report(s)
Multiple submissions are a red flag
to our investors. Please limit the
running of the file to a max of 3
Uploading a Closing Package (Corr’s Only)
When the file has closed and you are ready to have the loan purchased
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Follow the same procedures as uploading a new file or conditions.
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The upload should be under Closing Package
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If Closing Package is not available, please email your AE Team to notify them.
They will make sure this is corrected and then you notify you in turn that it is
ready.
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There is not a specific stacking order to use, simply upload and we will sort
the docs on our end.
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Overnight/Mail the original Note, Allonge and Bailey Letter to us at
333 Chicago Road, PO Box 302
Paw Paw, IL 61353
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Delivery of closing package is to be within 5 days
of the closing. Your rate must be valid through
receipt of the closing package and originals.
Status & Tracking
Checking on your file
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Every time your file reaches a
“milestone”, it is tracked and added
to the Loan Status page.
This contains a record of when the
file was submitted, locked,
underwritten, etc.
If you are unable to find the
information you need about your
file, please contact your Inside AE
for assistance
The loan history will verify every
action that happens on the file
Thank you for attending our training.
We hope you like our system as much as we do. We have
programmed it to be as efficient and user friendly as
possible. If you have any suggestions, please feel free to
email [email protected]