Get Loan Process Visio Form

This guide provides clear, step-by-step instructions for filling out the Loan Process Visio Form online. We aim to support users of all experience levels in successfully completing this document.

Follow the steps to complete the Loan Process Visio Form effectively.

1. Press the ‘Get Form’ button to access the Loan Process Visio Form and open it in your browser or preferred editor.
2. Begin by inputting the lead information as instructed. Ensure accuracy in the details provided to reduce errors down the line.
3. Determine if the borrower is proceeding with their application. If they are, complete the Quick Application, create loan proposals, and fill out the 1003 information as required.
4. Upon receiving a loan inquiry or lead, verify the data integrity in Loantrac by selecting the appropriate proposal and importing the borrower’s information from FlagstarProposals.com.
5. If the borrower confirms they are proceeding, select the desired product, pull the credit report, merge liabilities, link any real estate owned (REO), and enter fees in the fee summary.
6. If the borrower decides not to proceed, review with them, update their status to 'Withdrawn by Applicant' in FlagstarProposals.com, and note their decision.
7. Direct the borrower to submit the requested documents. They can either email or fax these documents directly to DV for auto-indexing.
8. If the borrower chooses to send documents to the Home Loan Center, ensure they are uploaded to the DV folder via scanning, emailing, or faxing.
9. Prepare for underwriting submission by selecting the Fax Submission option in Loantrac, creating an appropriate coversheet, printing it, and submitting the documents with the coversheet to DV.
10. Send the 3-day compliance documents to the borrower from DV, including the fax coversheet.
11. Generate 3-day compliance documents and email them to the DV folder.
12. For closing documentation, determine if the loan is eligible for e-closing. If so, select the e-close option when pulling closing documents.
13. If the loan is not approved, order title work and appraisal, work through conditions, and update the tracking tab in FlagstarProposals.com.
14. To complete the online funding request, remember to upload the Closing Protection Letter (CPL) and homeowner’s insurance.
15. Finally, save your changes, download a copy, print it, or share the completed form as necessary.

Complete your documents online today for a streamlined loan process.