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Nations Direct Mortgage Wholesale Lending Training Guide “How to Use Loan Manager” Revised on: December 20, 2013.

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Presentation on theme: "Nations Direct Mortgage Wholesale Lending Training Guide “How to Use Loan Manager” Revised on: December 20, 2013."— Presentation transcript:

1 Nations Direct Mortgage Wholesale Lending Training Guide “How to Use Loan Manager” Revised on: December 20, 2013

2 Nations Direct Mortgage Main Landing Page

3 Wholesale Landing Page

4 Log-In Loan Manager

5 Navigate LinksHelp GuideView Pipeline New LoanProducts & PricingManage Account

6 Change Personal Information by clicking: “Edit My Contact Details”

7 Manage Account Add Users – click on icon with “+” sign Fill in all fields with an “*” Scroll down and select “Role” – Mgr/Admin, Loan Processor or Loan Officer sent to “new user”

8 View Pipeline Click “View/Edit” to enter loan Don’t check mark the box on the left Link to “new loan” – click “+” Don’t Check Mark

9 View Pipeline Conditions & Documents Upload conditions in document section Click “Submit for Review” otherwise conditions won’t be delivered

10 Product & Pricing Manual Input Price Loans Lock Loans Must input FICO twice/Co-borrower if applicable Appraised value is not a Purchase Must input target rate Loan Originator changed to “Lender”

11 Product & Pricing Click on “+” to select product Click “view/select” on applicable rate

12 Product & Pricing Click “Continue” or “Continue and Request Lock” Click “save” Select “Loan Officer & Loan Processor” Click “next”

13 Product & Pricing Loan is now saved and “loan number” established Option to “lock request”, “cancel” or “Loan Details” NOTE: Information put in manually will NOT change when the DU file is uploaded. You must go into the loan file and manually update anything that is different. “ie” – borrower name, loan amount, value, etc.

14 Loan Details Import Additional Data – To upload DU or DO Case file ID Submit Loan – To submit the loan for underwriting Lock Request – To lock the loan **Do NOT use “submit & lock” feature NOTE: The DU file, DO case ID or loan manually input must occur before you can proceed with “Submit Loan”

15 Click “Desktop Originator” & input Case file ID Click “DU 3.2 File” & Browse for file Click “Create Manual” to fill out 1003 Select “Loan Officer & Processor” Click “Next ” New Loan or Import Additional Data NOTE: When you come to this landing page by clicking on “import additional data”, the “create manually” will not be an option. Manual input occurs in the “loan details” section because the loan was started through “products & pricing”.

16 If DU 3.2 was selected Browse for DU 3.2 File Click Import New Loan

17 Landing Page after DO Case file ID or DU 3.2 File has been imported Review Loan Information “Save” Submit or Lock Request Loan Details NOTE: once you save the file a “green” statement will appears that states “current loan has been saved”

18 Click “Conditions & Documents Don’t click “Submit Loan” at this time **The Submission Form must be uploaded with documents** Submit Loan NOTE: Submission Form must be uploaded in the Conditions & Documents Section before submitting the loan

19 Click “Add File” **PDF Documents Only – 20 MB Max Size - At least one PDF document must be added and upload in the “Submission Pkg” section below Click “Browse” - Click “Upload File” Click “Submit Loan” Submit – Conditions & Documents NOTE: Uploading documents does NOT submit the loan. You must click the “Submit loan” button from the left hand menu!!!

20 Click “Submit Loan” Upload Complete NOTE: Uploading documents does NOT submit the loan. You must click the “Submit loan” button from the left hand menu!!!

21 Click Product & Pricing Don’t input information in fields on this screen Lock Request

22 Input FICO Twice Input Target Rate & Lock Period Impound Waiver – Only when allowed Click on “Lender” Click “Next” Lock Request NOTE: If there is a Co-borrower on the loan, make sure to input the co- borrower FICO score too.

23 Choose Program click “view/select” on desired rate Next Click “continue” Next Click “Lock Request” Lock Search Results

24 Lock Request Placed

25 Lock Information Initial Locks submitted through Loan Manger or lock request form found in the resource section of the wholesale website Lock extensions by – Locks expiring on a Weekend or Bank Holiday will expire on the next business day 3:30pm PST is cut-off time (locks, extensions & funding) 1 lock extension is allowed per loan

26 Loan Manager Information When importing a new loan: Loan Officer means Nations Direct Account Executive Loan Processor means Nations Direct Account Manager If there is a 2 nd borrower on the loan, their information can be input by clicking “Borrower Pair” The Loan Submission form is required and must be uploaded in the “Conditions & Documents” section when submitting the loan Loan Status: New Loan – create loan & loan # established Started – Loan has been submitted to underwriting Save – click “save” anytime prompted DU File will “not” override any information that was input manually. To change incorrect information that was input manually you must go back into the 1003 and change it. When a loan was originally entered through “Product & Pricing” or “Register Loan” the “Import Additional Data” is used to upload a FNMA DU 3.2 file or CO Case File ID#. Auto Underwriting can be used to check and see if the Loan fits our guidelines Loans can only be officially submitted once the 1003 is completed (manually, DU or DO) and documents have been uploaded with at least once document in the “submission Package” section Conditions are uploaded under “documents” through the “document & conditions” section of “loan detail”. **Conditions are NOT submitted to Nations Direct once they are “uploaded”. To submit the conditions, you must click on “Submit for Review”. FNMA Sponsorship Steps -

27 Loan Manager Information OPTIONS IN LOAN MANAGER 1.Manual submission using the “loan submission form” – found in the resource section and also by clicking on “submit a loan” on the wholesale landing page 2.Manual submission through Loan Manager using the 1003 & “loan submission form” 3.Electronic submission using Loan Manger with a DU or DO file & “loan submission form” 4.Manual “products & pricing” using Loan Manager to obtain pricing to lock

28 Nations Direct Mortgage THANK YOU Thank you for being a Partner with our Wholesale Lending Division If you have any questions please contract us at: (866) or


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