NEVADA COUNTY PROCESSING SERVICES DBA J AND J PROCESSING SPECIALISTS

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Brenda Stewart
8 years ago
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1 NEVADA COUNTY PROCESSING SERVICES DBA J AND J PROCESSING SPECIALISTS BELOW IS A REFERENCE GUIDE FOR YOU TO USE WHEN YOU ARE WORKING WITH OUR STAFF ON YOUR FILE. Stage Getting your NEW file in line for submission or disclosures prep (file will not be put in line until complete) From new submission or disclosures prep through approval (if file is in suspense it will stay here until approval) From approval, gathering and submitting conditions for a Clear to Close Wholesale Doc orders/escrow Mini Correspondence/ Post Closing/ Doc Drawing (Warehouse Servicing) Wholesale Funding Review/Funding (PRIORITIZED IN THE MORNING) Appraisal orders/verification Orders/4506T orders/ SSA Verification orders/bookkeeping/administration/closed files Contact Submission.ncprocessing@gmail.com (530) Jessica Burton JessicaB@JandJprocessing.com (530) Jerri Herrera and Nicole Amaral JerriJ@JandJprocessing.com NicoleA@JandJprocessing.com Jerri Herrera JerriJ@JandJprocessing.com Emily Bearden EmilyB@JandJprocessing.com Remember: Please send new submissions to submission.ncprocessing@gmail.com. Include in the subject line: Borrower s name (last, first), whether it is a purchase or refinance, and whether it is for disclosures or submission. Upon review of your submitted file, you will be contacted should anything be needed. The file will be placed in line upon receipt of needed items (turn times do not start until completed package is received.) Upon approval you will be contacted to go over conditions, they will not be sent to lender until all are received. For status on your loan please the correct person(s). When sending the requested items or needed/requested conditions please send to the correct person(s).

2 Nevada County Processing Services DBA J and J Processing PROCESSING SCHEDULE OF FEES: CONVENTIONAL Processing Fee $ FHA/VA/USDA Government Processing fee $ FHA 203K (it is highly recommended you get training) $ FIRST AND SECOND Combo (same lender) $ NCPS Processed file with Mini Correspondence with Doc Draw/ Funding/Post $ Closing NCPS Processed file with Mini Correspondence with $ Funding/ Post closing (Lender Draws Docs) Mini Correspondence with Doc Draw/Funding/Post Closing $ Mini Correspondence with Funding/Post Closing (Lender Draws Docs) $ NCPS Prepares Upfront Disclosures for borrower to sign: $ Due within 15 days of service unless file is submitted for processing at which point the fee will be included in final invoice. NCPS Prepares and completes subordination request to existing second $50.00 mortgage holder (to avoid this charge you can use your escrow officer) RESUBMISSION for any reason (if NCPS prepares new disc) $ RESUBMISSION for any reason (if LO provides new disc) $50.00 PREQUAL/TO BE DETERMINED PROPERTIES DU/DO only: If file becomes a purchase within 30 calender days the fee of $100 will be included in the normal processing fee and not due until close of escrow. If AFTER 30 days and UP TO 180 Days the file becomes a purchase and the $ has already been paid the final processing fee will be LESS the $ paid. PREQUAL/TO BE DETERMINED PROPERTIES for SUBMISSION: If file becomes a purchase within 30 calendar days the fee of $200 will be included in the normal processing fee and not due until close of escrow. If AFTER 30 days and UP TO 180 Days the file becomes a purchase and the $ has already been paid the final processing fee will be LESS the $ paid. $ DUE within 30 calendar days of invoice $200 DUE within 30 calendar days of invoice * (Loan Originator Signature) (Date) 9/10/2013

3 Loan Application and Disclosure Preparation Checklist All borrowers complete names and desired vesting All borrowers contact information (ie: home phone, cell phone, address, etc.) Borrower s mailing address Subject property address with zip code Property type Disposition of subject property LTV/CLTV Complete escrow information with escrow number, officer, and officer s contact information (ie: phone number and address)- let us know is NCPS is to open Lender information, including: o AE name, phone number, and address o Rate and Program o Lock rate, or float rate o Comp plan specifications o Lock expiration o Be sure to let us know if logins on record for you and/or your company have changed Point/Calyx file, if Point/Calyx is not received with submission, a breakdown of fees as disclosed on the GFE2010 will be required and must reflect any credits and/or seller paid fees (if applicable) If purchase: Fully executed legible Purchase Contract Credit Report Completed Loan Information Sheet 10/02/2012 Page 1

4 Submission Checklist In order to get your file in line for submission, please send or let us know to order the following: All borrowers complete names and desired vesting All borrowers contact information (ie: home phone, cell phone, address, etc.) Borrower s mailing address Subject property address with zip code Property type Disposition of subject property LTV/CLTV Complete escrow information with escrow number, officer, and officer s contact information (ie: phone number and address)- let us know if NCPS is to open Lender information, including: o AE name, phone number, and address o Rate and Program o Lock rate, or float rate o Comp plan specifications o Lock expiration Complete and accurate GFE2010 with Service Providers List as provided to borrower at time of application Point/Calyx file, if Point/Calyx is not received with submission, a breakdown of fees as disclosed on the GFE2010 will be required and must reflect any credits and/or seller paid fees (if applicable) Completed, signed, dated, and fully executed compliance disclosures specific to the loan program type and the financing lender All supporting documentation needed to verify all information provided on the loan application- Must be dated within the last 30 days If purchase: Fully executed legible Purchase Contract Credit Report Loan Info Sheet 09/18/2012 Page 1

5 NEVADA COUNTY PROCESSING SERVICES Must be completed and signed with each file. LOAN INFORMATION THE INFO PROVIDED WILL BE USED FOR THE PROCESSING AND SUBMISSION OF THIS LOAN: Borrower: Phone: Wk: Cell: CO-Borrower: Phone: Wk: Cell: Property Address: Current Address: MAILING Address: Loan amount: Estimated Value: waiver? YES or- NO Is NCPS to contact your borrowers direct for the items needed to process this loan? YES -or- NO Is NCPS to complete the loan application and disclosures YES -or- NO If NO they must be provided and fully executed. Is NCPS to charge processing to Borrower as third party fee (if lender allows) or send invoice direct to Broker? PLEASE CIRCLE ALL THAT APPLY: Purchase Investment Manuf. DU Refi Plus USDA Refi c/o No c/o SFR Duplex Conventional VA Owner Occupied Condo Fixed FHA FHA/CHDAP 2nd 2 nd Home PUD Adjustable FHA Streamline FHA203K IMPOUNDS: NO -or- YES Subordination YES or- NO will NCPS prepare subordination? Yes or- NO Escrow/Title Info Is NCPS to open? Realtor Info If purchased please provide YES -or NO Officer: Escrow #: Company: Address: Phone: Fax: Selling Agent: Office: Phone: Cell Listing Agent: Phone: Cell Lock/Program Info Locked YES -or- NO LENDER and Program: Lender paid / Borrower paid Rate: Loan Term: Comp plan & admin (if applicable): Rebate/Cost: Loan # Date Locked: App date: Lender LOGIN: Expires: Extended: Password: (if ARM): Margin: Index: By signing this form you acknowledge that you have provided all the info above and your loan is ready for submission and/or the preparation of loan application and disclosures. Loan Orig. Signature: Date: Phone: revised 9/18/2012

C2 Financial File Flow Checklist Page 1 of 5

C2 Financial File Flow Checklist Page 1 of 5 BORROWER NAME: DATE WHO INITIAL MEETING (IN PERSON/OVER PHONE) NOTES LO Introductory fact finding meeting with client LO Take 1003 LO Run credit report If 1003