b.o.l.t. training · 3/23/2020 · follow slides 7 –18 in lesson 14: issuing initial disclosures...

B.O.L.T. TRAINING

Mountain West Financial, Inc. - B.O.L.T. Training -

Lesson 23 – Price and Register CalHFA, CalPLUS, MyHome & Zip

15-MAY-18Lesson 14 - Issuing Initial Disclosures

In This Training We Will Discuss

Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip

• Pricing and Registering CalHFA, CalPLUS, MyHome & Zip

• Disclosure Process for CalHFA, CalPLUS, MyHome & Zip


Price and Register: CalHFA, CalPLUS, MyHome& Zip


Best Practice to complete prior to pricingEnsure Interview Date “lock” is unlocked. 00-A.


Best Practice to complete prior to pricingIn Disclosures screen, confirm Estimated Closing date is accurate00-B


In pricing screen, confirm borrower is a First Time Home Buyer1.


In pricing screen on Property & Loan info tab, enter Appraised value and Sales Price2.


Select “Yes” for 2nd Financing3.


Insert LTV % of the first lien4.


Enter Loan amount for MyHome in 2nd Financing field5.


Set Loan Originator to “Borrower Paid”

Enter comp percent

6.


To obtain Conventional programs, set the PMI Type to “Borrower Paid Monthly”7.


Click Price (located at the top and bottom of the pricing screen)8.


Select “go to 2nd lien" for the 1stCalPLUS lien program you want9.


10. When the second lien program results screen appears, select “register” for the MyHome 2ndTD program.


Once loans are registered, proceed to the “Order Services” tab11.


Go to “Other Services” tab and click on “Create Zip 3RD”12.


Pop up window to create Zip 3rdConfirm Zip Loan amount and click “Create Loan” 13.


Zip 3rd has been createdClick “OK” to close window14.


Proceed to Disclosures15.


Order Initial Loan EstimateFollow Slides 7 – 18 in Lesson 14: Issuing Initial Disclosures 16.

https://mwfwholesale.com/wp-content/uploads/2018/08/14_Issuing_Initial_Disclosures.pdf


After Initial Disclosure for 1st are issuedProceed back to Pipeline17.


Locate and Click on 2nd loan number18.


After Initial Disclosures for 2nd are issuedProceed back to Pipeline21.


Locate and Click on 3rd loan number22.


Loans waiting for Initial DisclosuresYou can see the 3 loans waiting for signatures in the “Initial Disc Waiting For Signatures” Pipeline

25.

THANK YOU FOR VIEWINGFor further B.O.L.T. Training, please visit https://www.mwfwholesale.com

Mountain West Financial, Inc. - B.O.L.T. Training - 15-MAY-18Lesson 14 - Issuing Initial Disclosures

b.o.l.t. training · 3/23/2020 · follow slides 7 –18 in lesson 14: issuing initial disclosures...

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