New Loan Form - Processing (Velocity)

1

DATE* This field is required.Enter today's date you are sending the file to processing!

Date

2

LOAN ORIGINATOR* This field is required.Please select the loan originator from the list below.

3

CLIENT NAME & LENDINGPAD LOAN #* This field is required.Please list the main borrowers first & last name along with the full LendingPad loan #.

4

LENDER* This field is required.Please select which lender you would like to submit the loan to.

5

PURCHASE OR REFINANCE* This field is required.Are the client(s) looking to purchase or refinance?

PURCHASE

REFINANCE

6

IF REFI ESCROW & TITLEWho would you like to use for Escrow & Title if this is a new refinance?

7

LOAN TYPE* This field is required.Please select the loan type from the drop down menu below.

8

NEW LOAN AMOUNT* This field is required.Please list the new base loan amount below. **LIST IN $"

9

IMPOUNDS/ESCROWS* This field is required.Would the client like an impound/escrow account for property taxes and insurance.

YES

NO

TAXES & INSURANCE

TAXES ONLY

INSURANCE ONLY

10

BROKER OR CORRESPONDENT CHANNEL* This field is required.Please select which channel you would like to go with.

BROKER

CORRESPONDENT

11

CHARGE PROCESSING FEE?If going Correspondent would you like to charge the client the $750 Processing fee?

YESNO

12

COMPENSATION TYPE FOR BROKER CHANNELPlease select the compensation type from the options below.

LENDER PAID

BORROWER PAID

13

BORROWER PAID COMPENSATION AMOUNTPlease list the borrower paid compensation amount you would like disclosed. **LIST IN $**

14

INTEREST RATE* This field is required.Please list the interest rate you would like disclosed. **LIST IN %"

15

LOCK INTEREST RATE?* This field is required.Would you like the processor to lock the interest rate you input in the previous section?

YESNO

16

LOCK PRICING* This field is required.What is the pricing on the interest rate you would like from above? Put in $ and Points/Credit

17

LOCK PERIODHow long do you want to lock the rate for?

18

INCLUDE ADMIN/UW FEE IN PRICING?* This field is required.Would you like to include the admin or UW fee in the interest rate pricing?

YESNO

19

Credit Report Disclosure Amount* This field is required.Please list the credit report amount that you would like on the initial disclosure.

20

ESTIMATED FUNDING & CLOSING DATEPlease select your estimated funding & closing date.

Date

21

PROCESSOR NOTESPlease list any notes specific to the file for the Processing Partner.