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HomeBridge Interactive Portal. Submission Process. Training Agenda Portal Functionality Submission Overview Document Library Conditions- Review/Upload Lock Overview Purchase Overview Purchase Disposition Purchase Conditions Purchase Advice Collateral Purchasing General Information. - PowerPoint PPT Presentation
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HomeBridge Interactive Portal
Submission Process
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Training Agenda
Portal FunctionalitySubmission Overview
Document LibraryConditions- Review/Upload
Lock OverviewPurchase Overview
Purchase DispositionPurchase Conditions
Purchase AdviceCollateral
Purchasing General Information
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Pipeline Management• Loan Submission• Upload Initial Documentation• Review HBC Loan Documentation• Conditions- Review / Upload• Lock Loans• Purchase Process
HIP Contains:• Seller Guides• Program Matrices/Guidelines• Announcements• Rate Sheets• Sales Contact Informationwww.homebridgecorrespondent.com
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Submitting Loans through HIP is as Easy as 123!
Step 1- File Import
Step 2- Upload File Documentation
Step 3- Submit Loan
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Step 1- File Import
New Loan Actions
• Closed Loan Review• Prior Approval Submission
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Step 1- File ImportAUS Submission1. Enter- FannieMae:
• Case File ID • User ID• Password
2. Select Import
FHA Streamlines1. Select Manual Submission:
• Browse and attach file2. Select Import
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Step 1- File Import
1. Complete contact information
2. Select- Register
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Step 1- File ImportExceptions: Identifies critical information that is missing from the loan file submission• Select- Save Exception to File
Fatal Errors- Loan can not be submitted until missing information is updated.• Update FannieMae DU Case File • Rerun Desktop Underwriter• Retrieve updated Casefile ID on initially submission page in HIP
• Example- Missing Subject Property Address
Warnings- Loan can be submitted, however loan information must be updated prior to purchasing• Example- Missing dependent Age
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Step 2- Upload File Documentation
Locate Loan in Pipeline• Double Click on loan or Select- Loan Details Summary
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Step 2- Upload File Documentation
Select- Upload Documents
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Step 2- Upload File Documentation
• Documents may be uploaded in batches or indexed appropriately• Select- Category• Select- Doc Type• Browse and Attach File• Select- Upload
Acceptable Document Types:• PDF• TIFF• TXT• HTM/HTML• XML
• Maximum individual document size: 40MB
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Step 3- Submit Loan
Select- Submit Loan
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Loan Details Summary• All loan functions are completed in the Loan Details Summary Screen
through the tabs and action buttons highlighted
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Import History• Contains a list of the AUS/3.2 import history• Select Findings to review DU findings• Select note to add a note to that specific upload
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Document Library• Contains Seller Uploaded Documents and HBC Uploaded Documents• Double click on any document name to review
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Condition- Review / Upload• View Underwriting and Purchasing conditions• Select Upload to browse and attach condition(s)
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Status History• Current Loan Status is always displayed in the header• View complete Status History of the loan
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Lock Loan
Prior to Submission: Existing Loans:
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Lock Loan- Prior to Submission
• Select New Loan Actions• Lock Prior to Submission
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Lock Loan- Prior to Submission
AUS Submission:• Enter FannieMae Casefile ID, User ID & Password• Select Import
Manual Submission:• Attach FannieMae 3.2 File• Select Import
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Lock Loan- Prior to Submission• Complete- Contact Info
• Select- Register
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Lock Loan• Complete All required information• Select Price
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Lock Loan
• Review Rates
• Select Price
• Select Lock
• Request Exception / Mandatory Pricing
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Requesting Exceptions
• Requesting Mandatory Pricing
Example
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Lock Loan
• Review Pricing
• Select Confirm
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• Print Confirmation
• Click OK
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Lock Loan- Existing Loan• Locate Loan in Pipeline• Select Lock
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Lock Loan• Complete All required information• Select Price
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Lock Loan
• Review Rates
• Select Price
• Select Lock
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Lock Loan
• Review Pricing
• Select Confirm
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• Print Confirmation• Click OK
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Lock ChangeWhen modifying an existing locked loan:• Complete Lock Change form
• Form located on HBC website under resources
www.homebridgecorrespondent.com
• Email completed form to:hbclocks@homebridge.com
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Purchase Disposition• Available in Document Library• Double Click Purchase Disposition
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CollateralHBC Custodian: Deutsche Bank National Trust Company
1761 East St. Andrew PlaceSanta Ana, CA 92705-4934
Attn: Team REMN
Custodian Requires: •Original Note • Bailee Letter •Original Note Endorsement • or Allonge
Seller to Endorse Note:Without Recourse Pay to the Order of
Real Estate Mortgage Network, Inc. DBA HomeBridge(Seller)
Signature of OfficerOfficers Name and Title
* The Endorsement for properties located in the states of Illinois, Maryland, Nebraska, New York, Rhode Island and Virginia should NOT reflect dba HomeBridge.
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Purchase Advice• Available in Document Library• Double Click Purchase Advice
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Seller Responsibilities
Once the loan has been purchased: • Transfer MERS MIN to REMN
• (Organization ID1002882)• Batch Number
• FHA Assignment, provide “results” printout• Final Pay History
Trailing Documents (within 120 days)• Original recorded Mortgage/Deed of Trust• Final Title Policy• Recorded Assignments• Any additional HBC specified Docs
Documents sent to:HomeBridgec/o Real Estate Mortgage Network433 Hackensack Avenue- 5th FloorHackensack, NJ 07601Attn: Final Docs
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