1. Loan Submission Guide
BofI Federal Bank

2. Accessing BofI’s Website
Go to
Click on the “Wholesale & Correspondent sign in”
Enter your Username and Password in the top right hand corner of your screen.
If you need any assistance logging in, or click on the LOGIN HELP link.

3. Getting Started
Once you have successfully logged into the website you will be able to review all current loans in your pipeline by status:
To upload a new loan - click on the “Upload A Loan” icon

4. Enter Loan Officer information and upload file
Enter the following information under the Loan Officer information section:
First and Last Name
Address
Loan Officer NMLS
Branch NMLS
Choose the required loan program
Now upload the FNMA 3.2 or MISMO file.

5. Upload Supporting Documentation
If the loan was successfully uploaded you will receive a loan #.
Navigate to the Conditions Tab to upload the required documents.

6. Upload Supporting Documentation (continued)
Select the appropriate condition e.g. Tax returns and click on upload.
Upload the supporting documentation
Do not upload all your documents into one condition.

7. Initial Registration requirements for Wholesale Portfolio loans
FNMA 3.2 file
Must have all 6 pieces of information required to consider the file an application:
Must have Loan Officer and Company NMLS numbers listed.
Submission Fee Sheet:
Use BOFI’s Submission Fee Sheet that is available online under the FORMS tab.
Select either “Lender” or “Borrower” paid submission fee sheet.
Upload the Fee sheet to the “Submission Fee Sheet” condition

8. Initial Registration requirements for Wholesale Portfolio Loans (continued)
An address and phone number are required for ALL borrowers:
BofI will disclose electronically and all borrowers are required to e-sign their disclosures.
The Loan Officer is also required to e-sign the 1003
All borrowers must provide their own address.
Non-borrowing spouses/other borrowers on rescindable transactions must receive the initial Loan Estimate
Foreign National borrowers must have a US mailing address and phone number.

9. Initial Registration requirements for Correspondent loans
Application:
Must be dated and signed by the LO.
Must have LO and Company NMLS numbers accurately reflected.
Borrower(s) address and phone number.
Foreign National borrowers must have US mailing address and phone number.
Disclosures:
Must be dated in compliance (within 3 business days of the application date on the 1003)
Loan Estimate:
Must be dated in compliance to the 1003.
Itemization of fees to match Loan Estimate.
Impounds are required on all HPML loans.
A compliant Change of Circumstance form is required for any re-disclosed Loan Estimates.
Need proof of receipt of Loan Estimate by non-borrowing spouses/other on rescindable transactions.
Can be a read receipt or acknowledging receipt of LE.
Credit Report:
Must be dated within 90 days.

10. Submitting your loan
Once the minimum documentation has been uploaded, select the “Submit My Loan” tab.
Enter all required information and then click on the “Submit Loan“ icon.
Your loan will now change from Lead to a Registered status.
The Loan Setup department will review the file for compliance and move to processing once completed.
On Wholesale files Loan Setup will the initial disclosures to the borrower from doc vendor – DocMagic.
The loan cannot move into a processing status until all borrowers and the Loan Officer have executed the initial disclosures.

11. Minimum requirements to submit file to underwriting
Income/Assets
Two recent month's personal bank statements
Two most recent years Federal Tax Returns: all schedules
30 consecutive days recent Paystubs
Two most recent years W2s/1099s
2018 YTD P&Ls ( P&Ls if applicable returns are on extension)
Two most recent years K-1s (if applicable)
Two most recent Business Tax Returns (if applicable)
Two most recent month's Business bank statements (if applicable)
Refinances: Preliminary title report: Required for submission on all refinance transactions
Purchases: Purchase contract and source of Down Payment/EMD
Non US Citizens: Citizenship documents, Income letter and 2 alternative credit references
Bridge Loans: Copy of listing agreement and borrower signed LOE explaining intended use of cash-out proceeds