To submit to a private lender, that private lender first must be added to the Expert system via the Participants screen. See Adding a Private Lender to Expert. With the private lender in the Expert system, complete the following steps to submit an application.
Open the Lender Submit screen by clicking Lender
Submit in the Left
Note: You have the ability to change the application type (Approval or Pre-Approval) from the Application Type dropdown.
In the Applications section, the mortgages (i.e.,
first, second, and third) are listed.
If there is more than one mortgage to submit, click the option button of the mortgage to be submitted. The Submission section expands to display fields for you to complete. If there is only a first mortgage, it is automatically selected with the Submission section already expanded.
From the Lender Type
dropdown, select Private.
From the Submission
Method dropdown, select Manual
the Lender dropdown, select
the lender you want to submit to. Remember, if the private lender
is not available from this dropdown, then it first must be added to
the Expert system via the Participants screen. See Adding
a Private Lender to Expert.
If you wish to reduce the number of lenders in the dropdown, you can start to type the name of your desired lender in the search box which will filter the list of lenders.
In the Lender Notes
field enter any notes for the underwriter specific to the mortgage
request. As needed, use the Insert
Consent Text button, which inserts a sentence stating that
you have obtained consent from the customer to pull a credit bureau.
You will be required to enter a date and time for this sentence.
Before submitting, click the Validate
button to ensure all necessary details are properly entered. If necessary,
with Validation Results.
Click the Print Application button to print the application for faxing or other means. The submission will be logged in the Submission History section on the page.