What you can expect in the processing of your file:
MultiSource Loan Processing, upon receipt of the above items, will process the loan through Calyx Point and Lenny* as follows:
1. Set up file on Calyx Point and order credit (if not already done by agent.) Prepare GFE 2010 based on Initial Fees Worksheet. Run AUS.
2. Order verifications if conditioned by AUS findings or lender.
3. Follow through on appraisal orders and receipt. A copy will be forwarded to agent upon receipt.
4. Open escrow if instructed to do on the NLS.
5. Submit to lender per agent instructions. First 2 lender submittals included in $595 processing fee. Additional submittals after 2 will be charged $50.00 per. Subordinations $150 each.
6. Review approval and order appropriate closing conditions from third parties (i.e. appraiser, title, employment, etc.).
7. Inform agent of borrower conditions via email.
8. Lock loan per agents instructions.
9. Order loan documents per agents instructions.
10. Follow up on signing appointment and review estimated closing statement (HUD).
12. Review funding conditions and work with broker on obtaining any outstanding conditions.
12. Forward closed Calyx Point file and .pdf documents pertaining to file to agent.
We communicate regularly with agent through email and Lenny*.
Please do not hesitate at any time to reach me for questions or concerns regarding your files. My goal is to have smooth, seamless transactions on all the loans we process and your satisfaction of my services is of the highest priority!
*First Priority Financial brokers and agents.
MultiSource Loan Processing
811 W Napa St Ste C
Sonoma, CA 95476
Debra G Healer, Broker