Glenndenning Morgage Final Submission

Glendenning Mortgage

Team 1:

Peter Quarelli

BobToltowics

Peter Eichen

Jeff Carrion

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Table of Contents

Topic Page NumberCover Page Page 1 Contents Page 2

Description of Project Page 6

Process Modeling Page 14

Project Repository Page 39

Process Specifications Page 71

Entity Relationship Diagram Page 77

User Interfaces Page 78

Output Design Page 86

VA Reports Page 92

Appendix 11 Page 180

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Team 1 Tasks:

Topic & Page Number Name Executive Summary 2.2

Peter Eichen

Description of Project 3 Peter Eichen

Process Modeling 4.1 Robert Toltowicz

Process Modeling 4.2-4.6 Peter Quarelli

Project Repository 5 Team 1

Process Specifications 6 Peter Quarelli

Entity Relationship Diagram 7 Peter Eichen, Robert Toltowicz

User Interfaces 8 Jeff Carrion

Output Design 9 Jeff Carrion, Peter Quarelli

VA Reports 10 Team 1

Appendix 11 Team 1

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Team 1

Glendenning Mortgage

The Glendenning Mortgage Company supplies businesses and future homeowners

with mortgage financing on a free-will basis. When a buyer is interested in a home and

wishes to get a mortgage through Glendenning Mortgage they have some obstacles to go

through. There is an abundance of paperwork that will be needed from the buyer. The

problem that Glendenning is having is the large amounts of paperwork that needs to be

sent to and from the buyer along with sending these signed papers to banks, credit

bureaus, loan originators, etc.

Sometimes the same papers will be needed multiple times from the buyer, which

has a huge impact on time and effectiveness of the mortgage. The paperwork and loan

begin with a Loan Originator and then go back and forth to a financial accountant within

the company and to outside sources. Theses outside sources are banks, credit bureaus,

termite inspectors, electricians, plumbers, tax assessors, etc. From start to finish, the

mortgage loan process through Glendenning Mortgage usually takes around 45 days.

Now if this process could be expedited that would mean possibly more mortgages closing

per year than they currently have.

Currently the paperwork system at Glendenning Mortgage is all done manually.

Printing out papers, manually signing them, only to be submitted and filed in filing

cabinets seems to be outdated. In order to increase productivity of the company an

electronic system for paperwork needs to be implemented. For example, when a credit

check needs to be signed and approved from the homebuyer, they would have to come to

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the office and manually sign the paper. Our objective is to stop the running around and

give the company the capability to ease the flow of documents between all external

entities. These documents can all be electronically signed through a third party and then

sent immediately to where they are needed. The homebuyer would be able to log on the

Glendenning website and see which documents are needed for approval and signing.

This will increase the company’s productivity drastically along with keeping the

company much more organized than they already are. Buyers can also access the

documents at any time during the day and not just at Glendenning’s business hours.

Another drawback of having hard copies of paperwork and needing manual

signatures is when the closing of a mortgage actually happens. When a homebuyer is

going to close on his or her mortgage there is a meeting called “the closing”. This is

where all the necessary documents are to be signed by the homeowner, which in most

cases can be over 100 pages and 50 signatures. Instead of having a large stack of papers

that the homeowner needs to be scrolling through, an electronic system could enable to

company to just bring a tablet or IPad to the closing and the homebuyer could easily

electronically sign all these papers through a third party consultant such as Docusign.

These papers would then be emailed directly to the homebuyer for filing electronically.

This will easily save time, money, and keep the company and homebuyer more organized

for the future.

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Team 1

1. Name of Department

Glendenning Mortgage Corporation

2. Purpose of Department

- To supply businesses and future homeowners with mortgage financing.

3. Summary of Business Activities

Upon getting a potential buyer the loan originator seeks paperwork from the buyer. W-

2’s, paystubs, tax returns, bank statements, credit card statements and bill statements are among

the many different documents needed initially from the buyer. These documents will be used to

seek approval for a loan from many different banks. Credit checks, termite inspections,

electrical inspections and land surveys are also part of the loan process, which can cause an

abundance of paperwork in itself. All of the information is given to a loan processor from the

loan originator to manually input data from the buyers documents. Countless numbers of

documents will be needed for signing from the buyer and then sent to many different banks,

inspectors, credit bureaus, etc. Once approved for a loan, a closing will take place, which

involves the signing of 50-100 papers by the buyer.

4. Identify Problem, Opportunities and Objectives

Problem:

- Abundance of paperwork that will be needed from the buyer

- Sending paperwork to and from the buyer along with sending these signed papers to

banks, credit bureaus, loan originators, etc.

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Opportunities and Objectives:

- Help ease flow of documents between buyer, Glendenning Mortgage, and third parties.

- Give the company the capability to have a folder that can be accessed from the homebuyer

that would have all of their documents stored so that the documents can be signed digitally.

5. Business case - The reason or justification for a proposal

i. Nature of problems detected.

- Currently the paperwork system at Glendenning Mortgage is all done manually.

For example, when a credit check needs to be signed and approved from the homebuyer,

they would have to come to the office and manually sign the paper. Printing out papers,

manually signing them, only to be submitted and filed in filing cabinets seems to be

outdated.

ii. Impact on organizational goals.

From start to finish, the mortgage loan process through Glendenning Mortgage

usually takes around 45 days due to the slow manual paperwork process. Paperwork

sometimes gets lost and needs to be requested again from the buyer, which impacts the

time of the loan process.

iii. Departments/functions involved.

- Loan Originator/initiate loan and work with buyer

- Loan Processor/input data from buyer and outside sources

6. Information Requirements -

i. The business currently has an E-Folder, which stores 6 different items. These are the Tri-

merge credit report, appraisal, final inspections or updates of value, flood certifications, TQL

report, and tax transcripts.

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ii. & iii. The current system functions as an aid for the loan processor. The loan processor can

use this current E-Folder to refresh the report, get a confirmation the appraisal was sent to the

borrower, get a prequalification authorization for a credit run, use of a floating lock agreement,

any red flags, a title calculator, a fee sheet, checks or receipts from funds paid by borrower,

invoices for credit/appraisal/VOE, an Application/Appraisal fee credit card authorization form, a

commitment fee credit card authorization form, a registration sheet, and a loan contact sheet are

all on the site for printing.

iv. The new system will support all legality issues regarding digital signatures as well as storing

all of the borrowers documents on a shared folder accessed by both the mortgage company and

the borrower. The borrower will access the folder with a user login ID and password created

when applying for the loan through the company website. This folder must be encrypted and

only accessed by users with a password by both the mortgage company and borrower to insure

security against potential security threats. Once they borrower has accesses to documents they

can digitally sign all the paperwork through Docusign. Docusign is a way to sign 100% of all

documents online through mobile devices, tablets, and computers.

7. Analyze System needs

i. By creating a shared folder for the Glendenning Mortgage Corporation, the amount of time a

loan takes to close can be minimized. Uploading documents and digitally signing with Docusign

can increase the amount of mortgages closed per year as well as keep the business more

organized for the present and future. This will give Glendenning Mortgage Corporation an upper

hand against competing mortgage companies by making it more convenient for buyers to sign

documents during the loan process instead of coming into the office constantly. Once the loan is

complete and ready for the closing, all documents can be electronically signed on a tablet, saved

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in a secure folder and electronically sent to the buyer. Along with creating a more effective and

efficient mortgage loan process, this can also save the company money on the large amount of

paper needed.

ii. The new systems user community would be the borrower and the mortgage company’s loan

originator and loan processor.

iii. The new system will allow for digital signatures through Docusign and file uploads to the

shared folder of the following:

Documents submitted from borrower

-Copy of deed (for refinance)

-Letter explaining reason for refinance (for refinance)

-Signed sales contract

Departure Home

-Statement of estimated net proceeds from sale of departure home (if applicable)

-Listing agreement (if applicable)

-Contract of sale(if applicable)

-HUD-1 settlement statement(if applicable)

-Copy of current lease(if applicable)

Source of Funds

-Escrow letter from realtor/attorney who is holding the cash deposit towards this purchase

-Proof of escrow deposit

-Most recent 3 months bank statements

-All bank accounts and Account Numbers

-Source of funds statement for any large deposits on bank statements within 3 months

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-Stocks and investments value

-U.S. savings bonds held

-Copy of insurance policy statement

Employment

-Complete address and zip for present and previous employer

-Work history for the past two years

-Pay stubs & W-2 from employers

-School transcripts

-DD214

Income

-Year to date pay stubs

-W-2’s or 1099’s -3 years

-Tax returns- 3years

-Profit/loss balance sheet of your business

-Copies of leases on rentals

-SSI/Award Letter/tax return

-Pension/award letter/tax return

-Disability/award/tax return

-Divorce decree

-Alimony

-Trust income

-List of liabilities/Acct#

-Rental history letter

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-Proof of child support payment

-Proof of alimony payment

FHA/VA Loans

-DD214

-Authorization to live off base

-Transfer orders

-Certification of eligibility request from VA

-Photo ID

-Termite Inspection

Checklist for Loan Processor will be automatic through new system. Documents checked

are:

-Automated underwriting

-Underwriting transmittal (1008)

-Revised 1003

-Initial 1003

-Net tangible benefit form/Cash-out letter

-Payoff

-SSA form

-Borrowers ID

-Inquiry Explanation

-Subordinate lien Note

-Liability verification

-Income in following order: VOE, pay stubs, W2, tax returns

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-4506T

-Assets

-Proof of deposit money

-Legible contract

Disclosures to be filled out and signed by borrower:

-Program disclosure

-Borrowers authorization

-E-sign

-Home Counseling List Acknowledgment

-Home Counselor Agent List

-Notice of Right to Copy of Appraisal

-Use and Occupancy

-Credit File Audit Notice

-Credit Score Disclosure

-Privacy

-Appraisal Report for Lender Use

-Hazard Insurance Authorization

-Notice of Furnishing Negative Information

-Mortgage Fraud FBI Notice

-Fair Credit Reporting Act

-Equal Credit Opportunity Act

-Patriot Act

-Loan Servicing Disclosure

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-NJ Delivery Service Fee Authorization

-NJ Right to Choose Insurance Provider

-NJ Right to Choose Own Attorney

-Re-disclosure sets

-Intent to Proceed

-Acknowledgement of Good Faith Estimate

-GFE

-NJ Disclosure Form Estimated Settlement Service Fees

-TIL

-Itemization of Amount Financed

-Definition of Truth in Lending Terms

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Use Case Name: Generate Good Faith Estimate UniqueID: 2

Area: Business

Actor(s):

Stakeholder: Applicant/Mortgage Co

Level: 2

Description: Company preps mortgage documents

Triggering Event: Company agrees to grant a mortgage.

Trigger Type: Internal

Steps Performed (Main Path) Information for Steps

1 Applicant application accepted see processing check list

2 Applicant submits property info see processing check list

3 Mortagage co prepares estimated settlemnt charges/fees see processing check list

4 Mortagage co prepares escrow account information see processing check list

5 Mortgage CO/Applicant signnsummary of loan document see processing check list

6 Mortgage Co archives all documents see internal process list

Preconditions:

Postconditions:

Assumptions:

Success Guarantee:

Minimum Guarantee

Requirements Met:

Outstanding Issues:

Priority:

Risks:

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Use Case Name: Generate Truth in Lending Disclosure

Area: Business

Actor(s): Mortgage Co


Level: 2

Description: Company preps/delivers Truth in Lending Disclosure

Triggering Event: Good Faith est complete



1 Applicant comletes/accepts Good Faith Estimate see closing check list

2 Mortagage co prepares Motgage Note for actual closing see closing check list

3 Mortagage co prepares Deed of trust for actual closing see closing check list

4 Mortgage CO prepares Affadavits and Declarations for actual closing see closing check list

5 Mortgage Co prepares the HUD-1 document for actual closing see closing check list

6 Mortgage Co delivers Consumer Hndbk on ARM Mortgages to applicant see closing check list

7 Mortgage Co delivers ARM disclosure to applicant see closing check list

8 Mortgage Co archives all documents see internal process list

Preconditions: Applicant approved

Postconditions: Applicant/Mortgage company prepared for closing actions

Assumptions:

Success Guarantee: Mortgage issued

Minimum Guarantee Mortgage ready for issue

Requirements Met: Approved for mortgage and property purchase

Outstanding Issues: complete details listed

Priority: 3

Risks:

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UniqueID: 3

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Use Case Name: Generate Needed DocumentsArea: BusinessActor(s): Mortgage Co.Stakeholder Mortgage Co.Level: 1Description: Generate Documents for ApplicantTriggering Event: Customer Profile CompletedTrigger Type: Internal

Steps Performed (Main Path) Information for Steps1 Document Reports Documents sent to be compiled2 Document to Financial Acc. Company Financial Account looks over documents3 Generate Correct Documents Correct Documents are generated for the user45678910

Preconditions: Complete Customer ProfilePostconditions: Documents GeneratedAssumptions:Success Guarantee: Profile and Documents are correct and generatedMinimum Guarantee Documents are generatedRequirements Met: N/AOutstanding Issues: N/APriority: 2Risks: Incomplete documents could be generated

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UniqueID: 6

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Use Case Name: Closing

Area: Business


Stakeholder: Applicant/Mortgage Co/Property seller

Level: 4

Description: Company and applicant close on property

Triggering Event. Property purchsed and closing executed

Trigger Type: Internal/external


1 Applicant closes on property see closing check list

2. All documents sent for internal review see closing check list

3. All documents archived see closing check list

Preconditions: Applicant prepared for property purchase/closing actionsPostconditions: Applicant/Mortgage execute closing and applicant completes

purchase of property

Assumptions:

Success Guarantee: Purchase completed

Minimum Guarantee Purchase delayed

Requirements Met: Closing documents prepared and revied for accuracy

Outstanding Issues: complete closing details listed

Priority: 5

Risks:

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UniqueID: 7

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Use Case Name: Generate Terms for DenialArea: BusinessActor(s): Mortage Co.Stakeholder ApplicantLevel: 1Description: Send Denial Letter to ApplicantTriggering Event: Truth in LendingTrigger Type: Internal

Steps Performed (Main Path) Information for Steps1 Application info was not sufficient Applicant was Denied2 Denial Letter constructed and sent Sent Denial Letter

Preconditions: Applicant DeniedPostconditions: Sent Denial LetterAssumptions:Success Guarantee: Applicant was denied and sent letterMinimum Guarantee Applicant was denied and sent letterRequirements Met:Outstanding Issues:Priority: 2Risks: Unable to send letter due to application info

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UniqueID: 4

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Event Source Trigger

Customer logs on Customer Customer number and passwordCustomer creates acct Customer create acct button

Customer submits document Bank upload document buttonCustomer e-signs existing document Bank esign document

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Activity Response

Find customer account and verify recordLocate last page customer visited?customer fills out info acct created with customers password

search customer computer to locate fileWeb page uploads document to bank shared fileload document. Customer reviews and signsSigned document moved from pending customer acct file to completed file folder

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Destination

Customercustomer

bankBank

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Use Case Name: Create Customer Profile

Area: Business



Level: 2Description: Company accepts application package and creates customer profile

on network drive

Triggering Event: Applicant submits application and required documents.

Trigger Type: Internal, Applicant meets minimum requirements


1 After validation of documentation. Processor "approves" and system creates

applicants profile. see application check list

2 Creation of profile starts the generation of Good Faith estimate process see good Good Faith checklist

3 Docusign account is created and respective documents generated see docusign checklist

Preconditions: Application accepted for further processing

Postconditions: Customer Profile and Docusign accounts created

Assumptions:

Success Guarantee: Customer

Minimum Guarantee Profile will be created or a RFI sent to loan processor for

further action

Requirements Met: approval for further processing

Outstanding Issues: Detailed co internal steps

Priority:2

Risks:

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UniqueID: 5

see good Good Faith checklist

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Use Case Name: Accept Initial Application

Area: business

Actor(s): Applicant


Level: oneDescription: Company accepts application/financial information and determines if

applicant meets minimum requirements for a mortgage

Triggering Event: Applicant submits application and required documents.



1 Applicant submits application see application check list

2 Applicant submits financial info see financial check list

3 Mortagage co makes decision to reject application or continue to process see internal determination matrix

3a Not accepted. Generate rejection letter

3b Accepted for for processing.

4 Accepted. Validate customer documentation

5 Request creation of customer profile on network Folder.

Preconditions: Application and Financial documents

Postconditions: Initial preapproval or rejection

Assumptions:

Success Guarantee: Preapproval

Minimum Guarantee Rejection fo application

Requirements Met: Meets minimum financial and employment criteria

Outstanding Issues: Detailed co internal steps

Priority:2

Risks:

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UniqueID: 1

see internal determination matrix

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Conditions and Actions Rules

Condition 1 Estimated Settlement Charges are not agreed on Y Y Y Y N N N N

Condition 2 Escrow Account information is invalid Y Y N N Y Y N N

Condition 3 Summary of loan is not accepted Y N N Y N Y Y N

Action 1 Include all Conditions in denial letter

X

Action 2 Include only Condition 1 in denial letter

X


X


X

Action 5 Include only Condition 1 & 2 in denial letter

X


X


X

Action 8 **Do not send Denial Letter x

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Conditions and Actions Rules

Condition 1

Items Missing from NJ FHA Checklist Y Y N N

Condition 2

Items Missing from NJ Conventional Checklist Y N Y N

Condition 3

No Items Necessary MUST follow up with Customer Y Y Y Y

Action 1 Review Documents report

AND Send Request Letter with no necessary documents X


AND Send Request letter with need NJ FHA Documents X


AND Send Request letter with need NJ Conventional Documents X


AND Send Request letter with need NJ Conventional Documents & NJ FHA Documents X

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Estimated Settlement Charges AND Escrow AccountInformation is Accepted

Include Only Escrow Account Information Is Invalid asReason for denial

Include Estimated Settlement charges and Summaryof Loan Not Accepted As Reasons For Denial

Estimated SettlementCharges AND Summary ofLoan is Accepted

Summary of Loan Not Accepted

Escrow Account Information Is Invalid

Summary of Loan Not Accepted

Escrow Account Information Is invalid

Summary of Loan Accepted

Summary of Loan NotAccepted

1

2

4

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Estimated SettlementCharges Not Agreed

Escrow Account InformationIs Valid

Summary of Loan NotAccepted

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5

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Include All Reasons for Denial

Include Estimated Settlement charges and EscrowAccount Information invalid As Reasons For Denial

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Include Escrow Account Information Is Invalid AndSummary of Loan Not Accepted as Reasons for denial

Include Only Summary of Loan as Reason for denial

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Add proper Letterhead items, Follow Up For Items Missing From NJ FHA Checklist

NO Items Missing From NJ Conventional Checklist

1

Review of Documents Report

2

3

Items Missing From NJ FHA Checklist

Items Missing from NJ Conventional Checklist

No Items Necessary

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Items Missing From NJ Conventional Checklist

Add Proper Letterhead Items, Follow Up With Needed NJ Conventional Documents

Add Proper Letterhead Items, Inform of Acceptance

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Add Proper Letterhead Items, Follow Up For Items Missing From NJ FHA Checklist and Conventional Checklist

4

7

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Glenndenning Structured English

Generate Terms for Denial Structured English

1. DO WHILE customer is Denied

2.

3.

4.

5. IF Estimated Settlement Charges are not agreed on AND Escrow Account Information is Invalid ANDSummary of Loan is not accepted

6. THEN include those reasons in a tailored Letter of Rejection AND Send Letter

7. ELSE IF Estimated Settlement Charges are not agreed on OR Escrow Account Information is Invalid OR

Summary of Loan is not accepted

8. THEN include those reasons in a tailored Letter of Rejection AND Send Letter

9. END IF

10. Follow up with customer

11. END DO

12.

13.

14.

15.

16.

17.

18.

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Generate Needed Documents Structured English

1. DO Until there are no items missing from NJ FHA AND Conventional Checklists

2. GET NJ FHA Checklist

3. GET NJ Conventional Checklist

4. GET Request Letter Letterhead

5. IF there are missing items from NJ FHA checklist AND NJ Conventional Checklist

6. THEN include missing items from both checklists AND Send Request Letter

7. ELSE IF there are items missing from NJ FHA Checklist OR NJ Conventional Checklist

8. THEN include missing items to Request Letter Letterhead AND Send Request Letter

9. ELSE IF there is no missing items

10. THEN include there are no missing items to Request Letter Letterhead

11. END IF

12. Follow up with customer

13. END DO

14.

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16.

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Discharge of Mortgage Prepared by: (Print signer's name below signature)

_______________________________________

DISCHARGE OF MORTGAGE

A certain Mortgage dated , was made by

to

This Mortgage was made to secure payment of $ and interest. It was recorded or registered in the office of

the county recording officer of County, New Jersey, on , in mortgage book on page .

This Mortgage has been PAID IN FULL or otherwise SATISFIED and DISCHARGED. It may now be discharged of record. This means that this Mortgage is now cancelled and void.

I sign and CERTIFY to this Discharge of Mortgage on .

Witnessed or Attested by:

__________________________________ __________________________ [Seal]

__________________________________ __________________________ [Seal]

STATE OF NEW JERSEY, COUNTY OF SS.:

I CERTIFY that on ,

personally came before me and acknowledged under oath, to my satisfaction, that this person (or if more than one, each person):

(a) is named in and personally signed this document; and (b) signed, sealed and delivered this document as his or her act and deed.

____________________________________ NOTARY PUBLIC

STATE OF NEW JERSEY,

COUNTY OF SS.:

I CERTIFY that on ,

personally came before me and acknowledged under oath, to my satisfaction, that:

(a) this person is the secretary of the corporation named in this document; (b) this person is the attesting witness to the signing of this document by the proper corporate officer who is the

President of the corporation; (c) this document was signed and delivered by the corporation as its voluntary act duly authorized by a proper resolution of its Board of Directors; (d) this person knows the proper seal of the corporation which was affixed to this document; and (e) this person signed this proof to attest to the truth of these facts.

Signed and sworn to before me on .

_______________________________________

NOTARY PUBLIC

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SIMPLE LOAN AGREEMENT

1. Parties: The undersigned is ______________________, the Borrower, and the Lender is _______________________________________.

2. Date of Agreement: ________________________________________________. 3. Promise to Pay: Within _____ months from today, Borrower promises to pay to

Lender_________________________ dollars ($_______) and interest as well as other charges avowed below.

4. Accountability: Although this agreement may be signed below by more than one person, each of the undersigned understands that they are each as individuals responsible and jointly and severally liable for paying back the full amount.

5. Breakdown of Loan: Borrower will pay: Amount of Loan: $__________ Other (Describe) $__________ Amount financed: $__________ Finance charge: $__________ Total of payments: $__________ ANNUAL PERCENTAGE RATE________________%

6. Repayment: Borrower will pay back in the following manner: Borrower will repay the amount of this note in _____equal continuous monthly installments of $____________ each on the _____ day of each month preliminary on the _____day of _______, 20____, and ending on _________, 20____.

7. Prepayment: Borrower has the right to pay back the whole exceptional amount at any time. If Borrower pays before time, or if this loan is refinanced or replaced by a new note, Lender will refund the unearned finance charge, figured by the Rule of 78-‐a commonly used formula for figuring rebates on installment loans.

8. Late Charge: Any payment not remunerated within ten (10) days of its due date shall be subject to a belatedly charge of 5% of the payment, not to exceed $____________ for any such late installment.

9. Security: To protect Lender, Borrower gives what is known as a security interest or mortgage in: [Describe:] __________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

10. Default: If for any reason Borrower not succeeds to make any payment on time, Borrower shall be in default. The Lender can then order instant payment of the entire remaining unpaid balance of this loan, without giving anyone further notices. If Borrower has not paid the full amount of the loan when the final payment is due, the Lender will charge Borrower interest on the unpaid balance at ______ percent (%) per year.

11. Collection fees: If this note is placed with a legal representative for collection, then Borrower agrees to pay an attorney's fee of fifteen percent (15%) of the voluntary balance. This fee will be added to the unpaid balance of the loan.

12. Co-‐borrowers: Any Co-‐borrowers signing this agreement agree to be likewise accountable with the borrower for this loan.

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Agreed: ______________________________ Lender ________________________________ ______________________________ Borrower Borrower

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Date: 4/26/2015 Project: GLENDENNING MORTGAGE Page: 1Time: 3:17:15 PM

Detailed Listing -- AlphabeticallyAll Entries -- Data Flow Diagrams

Branch: Glendenning Mortgage System TOPCurrent Diagram is: Glendenning Mortgage System TOP

___________________________________________________________________________________________

Application Criteria Data Flow

Description:

Accountants report of customers financial info.

Location:

Glendenning Mortgage System TOP ( CONTEXT )

Source: Company Financial Acountant ( External Entity )Dest: Easy Mortgage Loan System ( Process )

Mortgage Loan System ( 0 )

Source: Company Financial Acountant ( External Entity )Dest: Generate Needed Documents ( Process )

Generate Needed Documents ( 5 )

Source: *** Not on Diagram ***Dest: Customer Recuitment ( Process )

Date Last Altered: 4/17/2015 Date Created: 3/2/2015--------------------------------------------------------------------------------------------------------------------------------

ARM Disclosure Data Flow

Description:

Disclosure ARM for customer

Location:


Source: Easy Mortgage Loan System ( Process )Dest: Mortgage Applicant ( External Entity )


Source: Generate Truth-in-Lending Disclosure ( Process )Dest: Mortgage Applicant ( External Entity )

Generate Truth-in-Lending Disclosure ( 3 )

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___________________________________________________________________________________________

Source: Share Lending Disclosure documents to Docusign ( Process )Dest: *** Not on Diagram ***


Company Financial Acountant External Entity

Description:

The independent financial accountant for Glendenning Mortgage.

Location:

Glendenning Mortgage System TOP ( CONTEXT )Input Flows:

Documents ReportOutput Flows:

Application Criteria

Mortgage Loan System ( 0 )Input Flows:




Consumer Handbook on Adjustable-Rate Mortgages. Data Flow

Description:

Handbook for customer references.

Location:





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___________________________________________________________________________________________




Documents Report Data Flow

Description:

Report of financial information of customer.

Location:


Source: Easy Mortgage Loan System ( Process )Dest: Company Financial Acountant ( External Entity )


Source: Create Customer Profile ( Process )Dest: Generate Needed Documents ( Process )

Source: Generate Needed Documents ( Process )Dest: Company Financial Acountant ( External Entity )

Create Customer Profile ( 8 )

Source: Review Customer Detail ( Process )Dest: *** Not on Diagram ***



Source: Customer Recuitment ( Process )Dest: *** Not on Diagram ***


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___________________________________________________________________________________________

Docusign External Entity

Description:

The COTS company that provides edocuments for the loan process.

Location:


Profile ProgressOutput Flows:

Signed Documents GFE


Profile Progress GTLDOutput Flows:

Signed Documents GTLD

Input Flows:Profile Progress GFE

Output Flows:Signed Documents GFE

Input Flows:Profile Progress Closing

Output Flows:Signed Documents Closing

Input Flows:Profile Progress

Create Customer Profile ( 8 )Input Flows:

Profile Progress


Easy Mortgage Loan System Process

Process #: 0

Location:


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___________________________________________________________________________________________

Input Flows:IdentificationApplication CriteriaMortgage ApplicationFinancial InformationSigned Documents GFE

Output Flows:Letter of RejectionRequest LetterFeesDocuments ReportARM DisclosureProvided copy of A Home Buyers Guide to Settlement CostsConsumer Handbook on Adjustable-Rate Mortgages.Profile Progress


Fees Data Flow

Description:

Fees needed to be paid by customer

Location:




Source: Closing ( Process )Dest: Mortgage Applicant ( External Entity )

Closing ( 7 )

Source: Share Closing documents to Docusign ( Process )Dest: *** Not on Diagram ***


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___________________________________________________________________________________________

Financial Information Data Flow

Description:

Financial Information from customer

Composition:

Escrow Letter : Char3 months bank statements : Charaddress and zip code for bank accounts : Charsource of funds for large deposits on accounts : Charstocks and securities : CharMost recents year end statement : CharPay Stubs : CharW-2s : CharTax Returns : CharSsi : CharPension : CharDisability : Char

Location:


Source: Mortgage Applicant ( External Entity )Dest: Easy Mortgage Loan System ( Process )


Source: Mortgage Applicant ( External Entity )Dest: Accept Initial Application ( Process )

Accept Documents ( 1 )

Source: *** Not on Diagram ***Dest: Validate Customer Documents ( Process )


Identification Data Flow

Description:

Identification from customer

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___________________________________________________________________________________________

Composition:

Drivers License : CharSocial Security Number : Integer 4Birth Certificate : Char

Location:








Letter of Rejection Data Flow

Description:

Rejection letter to customer.

Location:




Source: Generate Terms For Denial ( Process )Dest: Mortgage Applicant ( External Entity )

Generate Terms For Denial ( 4 )

Source: Prepare Letter of Rejection ( Process )Dest: *** Not on Diagram ***

98




___________________________________________________________________________________________


Mortgage Applicant External Entity

Description:

Loan Applicant.

Location:


Letter of RejectionRequest LetterFeesARM DisclosureProvided copy of A Home Buyers Guide to Settlement CostsConsumer Handbook on Adjustable-Rate Mortgages.

Output Flows:IdentificationMortgage ApplicationFinancial Information





Mortgage Application Data Flow

Description:

Application filled out by customer

99




___________________________________________________________________________________________

Composition:

Application : Char

Location:








Profile Progress Data Flow

Description:

Customer creates profile and it gets sent to Docusign.

Composition:

Name : CharAddress : CharPhone Number : Integer 4Employment : CharSSN : Integer 4Income : DecimalMarital Status : CharDebt : Decimal

Location:


Source: Easy Mortgage Loan System ( Process )Dest: Docusign ( External Entity )

100




___________________________________________________________________________________________


Source: Create Customer Profile ( Process )Dest: Docusign ( External Entity )

Generate Good Faith Estimate ( 2 )

Source: Share documents to Docusign ( Process )Dest: *** Not on Diagram ***

Source: Easy Morgage Database Drive ( Data Store )Dest: Estimate Morgage Terms (Good Faith Estimate) ( Process )


Source: Easy Morgage Database Drive ( Data Store )Dest: Add Customer Record ( Process )

Source: Create Docusign Account For Customer ( Process )Dest: Docusign ( External Entity )



Source: Easy Morgage Database Drive ( Data Store )Dest: Agree Upon and Generate Truth-in-Lending Disclosure ( Process )

Closing ( 7 )


Source: Easy Morgage Database Drive ( Data Store )Dest: Place signed documents in Database Drive ( Process )


Provided copy of A Home Buyers Guide to Settlement Costs Data Flow

Description:

Copy for customers filing.

101




___________________________________________________________________________________________

Location:








Request Letter Data Flow

Description:

Letter asking customer for documents needed.

Location:




Source: Generate Needed Documents ( Process )Dest: Mortgage Applicant ( External Entity )




102




___________________________________________________________________________________________

Signed Documents GFE Data Flow

Description:

Documents required for the good faith estimate.

Composition:

Signed estimated settlement charges : Signed escrow account information : signed summary of loan : Char

Location:


Source: Docusign ( External Entity )Dest: Easy Mortgage Loan System ( Process )


Source: Docusign ( External Entity )Dest: Generate Good Faith Estimate ( Process )


Source: *** Not on Diagram ***Dest: Share documents to Docusign ( Process )


Source: *** Not on Diagram ***Dest: Share Lending Disclosure documents to Docusign ( Process )

Closing ( 7 )

Source: *** Not on Diagram ***Dest: Share Closing documents to Docusign ( Process )


103



Branch: Glendenning Mortgage System TOPCurrent Diagram is: Mortgage Loan System

___________________________________________________________________________________________

Accept Initial Application Process

Description:

Receives application from customer.

Process #: 1

Process Description:

Receives mortgage application, financial information and identification from customer and creates a custo

Location:


IdentificationMortgage ApplicationFinancial Information

Output Flows:Submitted Documents


Accepted Data Flow

Location:


Source: Create Customer Profile ( Process )Dest: Generate Good Faith Estimate ( Process )


Source: *** Not on Diagram ***Dest: Estimate Morgage Terms (Good Faith Estimate) ( Process )


Source: Create Docusign Account For Customer ( Process )Dest: *** Not on Diagram ***


104




___________________________________________________________________________________________

Affidavits and Declarations Data Flow

Location:


Source: Generate Truth-in-Lending Disclosure ( Process )Dest: Closing ( Process )



Closing ( 7 )




Description:


Location:








105




___________________________________________________________________________________________


Description:


Location:








Closing Process

Description:

finalizing the loan

Process #: 7


This is the final use of docusign needed to complete the loan.

Location:


Mortgage NoteMortgage or Deed of TrustAffidavits and DeclarationsThe HUD-1 StatementSigned Documents Closing

106




___________________________________________________________________________________________

Output Flows:FeesProfile Progress Closing


Company Financial Acountant External Entity

Description:

The independent financial accountant for Glendenning Mortgage.

Location:









Description:


Location:




107




___________________________________________________________________________________________





Create Customer Profile Process

Description:

Profile of customer.

Process #: 8


A full profile of the customer to include the customers financial information, identification and everything

Location:


Submitted DocumentsOutput Flows:

AcceptedDocuments ReportProfile Progress


Denied Data Flow

Location:


Source: Generate Good Faith Estimate ( Process )Dest: Generate Terms For Denial ( Process )


108




___________________________________________________________________________________________

Source: Estimate Morgage Terms (Good Faith Estimate) ( Process )Dest: *** Not on Diagram ***


Source: *** Not on Diagram ***Dest: Prepare Letter of Rejection ( Process )



Description:


Location:












109




___________________________________________________________________________________________


Description:


Location:





Profile Progress GTLDOutput Flows:

Signed Documents GTLD







Profile Progress


Fees Data Flow

Description:


110




___________________________________________________________________________________________

Location:





Closing ( 7 )




Description:


Composition:


Location:



111




___________________________________________________________________________________________






Generate Good Faith Estimate Process

Description:

Estimate of property.

Process #: 2


An estimate of the property that the customer is looking at taking out a loan for is generated for the custom

Location:


AcceptedSigned Documents GFE

Output Flows:Signed summary of loanSigned escrow account informationSigned estimated settlement chargesDeniedProfile Progress GFE


Generate Needed Documents Process

Description:

Missing documents

112




___________________________________________________________________________________________

Process #: 5


Any documents still needed from the customer.

Location:


Application CriteriaNJ FHA Loan Process Checklist RetrievalNJ Conventional Checklist RetrievalRequest Letter LetterheadDocuments Report

Output Flows:Request LetterDocuments Report


Generate Terms For Denial Process

Description:

customer denied loan.

Process #: 4


The customers reason for not going forward with the loan after receiving good faith estimate.

Location:


DeniedOutput Flows:

Letter of Rejection


113




___________________________________________________________________________________________

Generate Truth-in-Lending Disclosure Process

Description:

Disclosure that will need to be signed by customer.

Process #: 3


A disclosure for the customer to sign.

Location:


Signed summary of loanSigned escrow account informationSigned estimated settlement chargesSigned Documents GTLD

Output Flows:ARM DisclosureProvided copy of A Home Buyers Guide to Settlement CostsConsumer Handbook on Adjustable-Rate Mortgages.Mortgage NoteMortgage or Deed of TrustAffidavits and DeclarationsThe HUD-1 StatementProfile Progress GTLD



Description:


Composition:


114




___________________________________________________________________________________________

Location:









Description:


Location:








115




___________________________________________________________________________________________

Mortgage Applicant External Entity

Description:

Loan Applicant.

Location:









Description:


Composition:

Application : Char

116




___________________________________________________________________________________________

Location:








Mortgage Note Data Flow

Location:





Closing ( 7 )



Mortgage or Deed of Trust Data Flow

Location:


117




___________________________________________________________________________________________




Closing ( 7 )



NJ Conventional Checklist Retrieval Data Flow

Location:


Source: NJ Conventional Loan Processing Checklist ( Data Store )Dest: Generate Needed Documents ( Process )




NJ Conventional Loan Processing Checklist Data Store

Data Store #: D2

Location:

Mortgage Loan System ( 0 )Output Flows:

NJ Conventional Checklist Retrieval


118




___________________________________________________________________________________________

NJ FHA Loan Process Checklist Retrieval Data Flow

Location:


Source: NJ FHA Loan Processing Checklist ( Data Store )Dest: Generate Needed Documents ( Process )




NJ FHA Loan Processing Checklist Data Store

Description:

Checklist for NJ FHA Loan

Data Store #: D4

Composition:

Automated underwriting : Charunderwriting transmittal : Charrevised 1003 : Charinitital 1003 : Char92900 : Charnew tangible benefit form : Charpayoff : Charssa form : Charborrowers id : Charinquiry explanation : Charsubordinate lien note : Charliability verification : CharIncome : Decimal4506T : Charassets : Charproof of deposit money : CharFHA case assignment : CharAmendatory Clause : Charcontract : Charprogram disclosures : Charborrowers authorization : Char

119




___________________________________________________________________________________________

e-SIGN : Charhome counseling list : Charhome counselor agent list : CharECOA : Charuse and occupancy : Charcredit file audit notice : Charcredit score disclosure : Charprivacy disclosure : Charappraisal report : Charhazard insurance authorization : Charnotice of furnishing negative info : Charmortgage fraud notice : Charfair credit reporting act : Charequal credit OA : CharPatriot Act : CharLoan Servicing Disclosure : CharMIP Authorization : CharHome Inspection : CharFHA ID of Interest : Char

Location:


NJ FHA Loan Process Checklist Retrieval



Description:


Composition:


120




___________________________________________________________________________________________

Location:














Closing ( 7 )




121




___________________________________________________________________________________________

Profile Progress Closing Data Flow

Description:

documents that are to be signed by customer at closing.

Composition:

mortgage note : CharMortgage or Deed of Trust : Charaffidavits and declaraions : CharThe HUD-1 Statement : Char

Location:


Source: Closing ( Process )Dest: Docusign ( External Entity )

Closing ( 7 )

Source: *** Not on Diagram ***Dest: *** Not on Diagram ***


Profile Progress GFE Data Flow

Description:

Documents needed to be signed by customer to generae Good Faith Estimate.

Composition:

estimated settlement charges : Charescrow account information : Charsummary of loan : Char

Location:


Source: Generate Good Faith Estimate ( Process )Dest: Docusign ( External Entity )

122




___________________________________________________________________________________________




Profile Progress GTLD Data Flow

Description:

documents needed to be signed by customer to generate Truth-in-Lending Disclosure

Composition:

Truth in Lending Disclosure : Char

Location:


Source: Generate Truth-in-Lending Disclosure ( Process )Dest: Docusign ( External Entity )



Description:


Location:





123




___________________________________________________________________________________________





Description:


Location:








Request Letter Letterhead Data Flow

Location:


Source: Request Letter Letterhead ( Data Store )Dest: Generate Needed Documents ( Process )



124




___________________________________________________________________________________________


Request Letter Letterhead Data Store

Description:

Letter requesting customers information.

Data Store #: D9

Composition:

3 months bank statements : CharPay Stubs : CharW-2s : CharTax Returns : CharBalance Sheet : Integer 4Notes : CharSsi : CharPension : CharDisability : CharLiabilities : CharDD214 : Charcert of eligibility : CharMiscellaneous : Char

Location:


Request Letter Letterhead


Signed Documents Closing Data Flow

Description:

Documents signed by the customer at closing.

Composition:

Signed Mortgage Note : CharSigned Mortgage or Deed of Trust : Signed Affidavits and Declarations :

125




___________________________________________________________________________________________

Signed The HUD-1 Statement :

Location:


Source: Docusign ( External Entity )Dest: Closing ( Process )



Description:


Composition:


Location:









Closing ( 7 )

126




___________________________________________________________________________________________



Signed Documents GTLD Data Flow

Description:

Documents needed to Generate Truth-in-Lending Disclosure

Composition:

Signed Truth in Lending Disclosure : Char

Location:


Source: Docusign ( External Entity )Dest: Generate Truth-in-Lending Disclosure ( Process )


Signed escrow account information Data Flow

Location:


Source: Generate Good Faith Estimate ( Process )Dest: Generate Truth-in-Lending Disclosure ( Process )




Source: *** Not on Diagram ***Dest: Agree Upon and Generate Truth-in-Lending Disclosure ( Process )

Data Flow --> Signed Documents GFE

127




___________________________________________________________________________________________


Signed estimated settlement charges Data Flow

Location:









Signed summary of loan Data Flow

Location:








128




___________________________________________________________________________________________

Submitted Documents Data Flow

Location:


Source: Accept Initial Application ( Process )Dest: Create Customer Profile ( Process )


Source: Add to Customer Network Folder ( Process )Dest: *** Not on Diagram ***


Source: *** Not on Diagram ***Dest: Add Customer Record ( Process )


The HUD-1 Statement Data Flow

Location:





Closing ( 7 )



129



Branch: Glendenning Mortgage System TOPCurrent Diagram is: Accept Documents

___________________________________________________________________________________________

Add to Customer Network Folder Process

Process #: 1.1

Location:

Accept Documents ( 1 )Input Flows:

Valid Customer DocumentsOutput Flows:

Submitted Documents



Description:


Composition:


Location:





130




___________________________________________________________________________________________





Description:


Composition:


Location:









Description:


131




___________________________________________________________________________________________

Composition:

Application : Char

Location:








Not Accepted Data Flow

Location:


Source: Validate Customer Documents ( Process )Dest: *** Not on Diagram ***



Location:




132




___________________________________________________________________________________________





Valid Customer Documents Data Flow

Location:


Source: Validate Customer Documents ( Process )Dest: Add to Customer Network Folder ( Process )


Validate Customer Documents Process

Process #: 1.2

Location:

Accept Documents ( 1 )Input Flows:

IdentificationFinancial InformationMortgage Application

Output Flows:Not AcceptedValid Customer Documents


133



Branch: Glendenning Mortgage System TOPCurrent Diagram is: Generate Good Faith Estimate

___________________________________________________________________________________________

Accepted Data Flow

Location:








Customer Detail Data Flow

Location:


Source: Estimate Morgage Terms (Good Faith Estimate) ( Process )Dest: Easy Morgage Database Drive ( Data Store )


Source: Add Customer Record ( Process )Dest: Easy Morgage Database Drive ( Data Store )

Source: Add Customer Record ( Process )Dest: Review Customer Detail ( Process )

Source: Review Customer Detail ( Process )Dest: Create Docusign Account For Customer ( Process )


Source: Agree Upon and Generate Truth-in-Lending Disclosure ( Process )Dest: Easy Morgage Database Drive ( Data Store )

Closing ( 7 )

134




___________________________________________________________________________________________

Source: Place signed documents in Database Drive ( Process )Dest: Easy Morgage Database Drive ( Data Store )


Denied Data Flow

Location:








Easy Morgage Database Drive Data Store

Data Store #: D8

Location:

Generate Good Faith Estimate ( 2 )Input Flows:

Customer DetailOutput Flows:

Profile Progress



Profile Progress


135




___________________________________________________________________________________________

Input Flows:Customer Detail

Output Flows:Profile Progress

Closing ( 7 )Input Flows:


Profile Progress


escrow account information Data Flow

Location:


Source: Estimate Morgage Terms (Good Faith Estimate) ( Process )Dest: Share documents to Docusign ( Process )


Estimate Morgage Terms (Good Faith Estimate) Process

Process #: 2.1

Location:


AcceptedProfile Progress

Output Flows:summary of loanescrow account informationDeniedestimated settlement chargesCustomer Detail


136




___________________________________________________________________________________________

estimated settlement charges Data Flow

Location:





Description:


Composition:


Location:








137




___________________________________________________________________________________________







Closing ( 7 )




Profile Progress GFE Data Flow

Description:

Documents needed to be signed by customer to generae Good Faith Estimate.

Composition:

estimated settlement charges : Charescrow account information : Charsummary of loan : Char

Location:


Source: Generate Good Faith Estimate ( Process )Dest: Docusign ( External Entity )


138




___________________________________________________________________________________________



Share documents to Docusign Process

Process #: 2.2

Location:


summary of loanescrow account informationSigned Documents GFEestimated settlement charges

Output Flows:Profile ProgressSigned estimated settlement chargesSigned escrow account informationSigned summary of loan



Description:


Composition:


Location:




139




___________________________________________________________________________________________






Closing ( 7 )




Location:









140




___________________________________________________________________________________________


Location:










Location:








141




___________________________________________________________________________________________

summary of loan Data Flow

Location:




142



Branch: Glendenning Mortgage System TOPCurrent Diagram is: Create Customer Profile

___________________________________________________________________________________________

Accepted Data Flow

Location:








Add Customer Record Process

Process #: 8.1

Location:


Submitted DocumentsProfile Progress

Output Flows:Customer DetailCustomer Detail


Create Docusign Account For Customer Process

Process #: 8.2

Location:


Customer Detail

143




___________________________________________________________________________________________

Output Flows:AcceptedProfile Progress



Location:









Closing ( 7 )




Description:


144




___________________________________________________________________________________________

Location:













Description:


Location:





Profile Progress GTLD

145




___________________________________________________________________________________________

Output Flows:Signed Documents GTLD







Profile Progress



Data Store #: D8

Location:



Profile Progress



Profile Progress

Generate Truth-in-Lending Disclosure ( 3 )Input Flows:


Profile Progress

Closing ( 7 )

146




___________________________________________________________________________________________

Input Flows:Customer Detail




Description:


Composition:


Location:









147




___________________________________________________________________________________________






Closing ( 7 )




Review Customer Detail Process

Process #: 8.3

Location:



Customer DetailDocuments Report



Location:


148




___________________________________________________________________________________________







149



Branch: Glendenning Mortgage System TOPCurrent Diagram is: Generate Truth-in-Lending Disclosure

___________________________________________________________________________________________


Location:





Closing ( 7 )



Agree Upon and Generate Truth-in-Lending Disclosure Process

Process #: 3.1

Location:


Signed summary of loanSigned escrow account informationSigned estimated settlement chargesProfile Progress

Output Flows:Final Truth-in-Lending DisclosureCustomer Detail



Description:


150




___________________________________________________________________________________________

Location:









Description:


Location:








151




___________________________________________________________________________________________


Location:









Closing ( 7 )




Data Store #: D8

Location:



Profile Progress


Customer Detail

152




___________________________________________________________________________________________




Profile Progress



Profile Progress


Final Truth-in-Lending Disclosure Data Flow

Location:


Source: Agree Upon and Generate Truth-in-Lending Disclosure ( Process )Dest: Share Lending Disclosure documents to Docusign ( Process )



Location:





Closing ( 7 )


153




___________________________________________________________________________________________



Location:





Closing ( 7 )




Description:


Composition:


Location:



154




___________________________________________________________________________________________












Closing ( 7 )





Description:


155




___________________________________________________________________________________________

Location:








Share Lending Disclosure documents to Docusign Process

Process #: 3.2

Location:


Final Truth-in-Lending DisclosureSigned Documents GFE

Output Flows:Mortgage NoteMortgage or Deed of TrustAffidavits and DeclarationsThe HUD-1 StatementProfile ProgressARM DisclosureProvided copy of A Home Buyers Guide to Settlement CostsConsumer Handbook on Adjustable-Rate Mortgages.


156




___________________________________________________________________________________________


Description:


Composition:


Location:









Closing ( 7 )




Location:


157




___________________________________________________________________________________________









Location:










Location:


158




___________________________________________________________________________________________








Location:





Closing ( 7 )



159



Branch: Glendenning Mortgage System TOPCurrent Diagram is: Closing

___________________________________________________________________________________________


Location:





Closing ( 7 )




Location:









Closing ( 7 )

160




___________________________________________________________________________________________




Data Store #: D8

Location:



Profile Progress



Profile Progress



Profile Progress



Profile Progress


Fees Data Flow

Description:


161




___________________________________________________________________________________________

Location:





Closing ( 7 )




Location:





Closing ( 7 )




Location:


162




___________________________________________________________________________________________




Closing ( 7 )



Place signed documents in Database Drive Process

Process #: 7.2

Location:


Signed Mortgage NoteSigned Affidavits and DeclarationsSigned The HUD-1 StatementSigned Mortgage or Deed of TrustProfile Progress

Output Flows:Customer Detail



Description:


Composition:

Name : CharAddress : CharPhone Number : Integer 4Employment : Char

163




___________________________________________________________________________________________

SSN : Integer 4Income : DecimalMarital Status : CharDebt : Decimal

Location:














Closing ( 7 )



164




___________________________________________________________________________________________


Profile Progress Closing Data Flow

Description:

documents that are to be signed by customer at closing.

Composition:

mortgage note : CharMortgage or Deed of Trust : Charaffidavits and declaraions : CharThe HUD-1 Statement : Char

Location:


Source: Closing ( Process )Dest: Docusign ( External Entity )

Closing ( 7 )



Share Closing documents to Docusign Process

Process #: 7.1

Location:


Signed Documents GFEMortgage NoteThe HUD-1 StatementAffidavits and DeclarationsMortgage or Deed of Trust

Output Flows:Signed Mortgage NoteSigned Affidavits and DeclarationsSigned The HUD-1 Statement

165




___________________________________________________________________________________________

FeesSigned Mortgage or Deed of TrustProfile Progress


Signed Affidavits and Declarations Data Flow

Location:

Closing ( 7 )

Source: Share Closing documents to Docusign ( Process )Dest: Place signed documents in Database Drive ( Process )

Data Flow --> Signed Documents Closing



Description:


Composition:


Location:






166




___________________________________________________________________________________________




Closing ( 7 )



Signed Mortgage Note Data Flow

Location:

Closing ( 7 )



Signed Mortgage or Deed of Trust Data Flow

Location:

Closing ( 7 )




167




___________________________________________________________________________________________

Signed The HUD-1 Statement Data Flow

Location:

Closing ( 7 )





Location:





Closing ( 7 )



168



Branch: Glendenning Mortgage System TOPCurrent Diagram is: Generate Terms For Denial

___________________________________________________________________________________________

Denied Data Flow

Location:









Description:


Location:








169



Branch: Glendenning Mortgage System TOPCurrent Diagram is: Generate Terms For Denial

___________________________________________________________________________________________

Prepare Letter of Rejection Process

Description:

Letter stating reason for rejection.

Process #: 4.1

Location:

Generate Terms For Denial ( 4 )Input Flows:

DeniedOutput Flows:

Letter of Rejection


170



Branch: Glendenning Mortgage System TOPCurrent Diagram is: Generate Needed Documents

___________________________________________________________________________________________


Description:


Location:








Customer Recuitment Process

Description:

Document from customer

Process #: 5.1


Holds documents from customer.

Location:

Generate Needed Documents ( 5 )Input Flows:

NJ FHA Loan Process Checklist RetrievalNJ Conventional Checklist RetrievalRequest Letter LetterheadDocuments ReportApplication Criteria

171




___________________________________________________________________________________________

Output Flows:Documents ReportRequest Letter



Description:


Location:












172




___________________________________________________________________________________________

NJ Conventional Checklist Retrieval Data Flow

Location:


Source: NJ Conventional Loan Processing Checklist ( Data Store )Dest: Generate Needed Documents ( Process )




NJ FHA Loan Process Checklist Retrieval Data Flow

Location:


Source: NJ FHA Loan Processing Checklist ( Data Store )Dest: Generate Needed Documents ( Process )





Description:


Location:



173




___________________________________________________________________________________________






Request Letter Letterhead Data Flow

Location:


Source: Request Letter Letterhead ( Data Store )Dest: Generate Needed Documents ( Process )




174


Detailed Listing -- AlphabeticallyAll Entries -- Entity RelationshipCurrent Diagram is: Docusign

___________________________________________________________________________________________

Buyer Entity

Foreign Key(s):

Financial Accountant 'Requests Information' BuyerOn Delete RestrictOn Update RestrictOn Insert of Child Row Restrict

Docusign 'Signs' BuyerOn Delete RestrictOn Update RestrictOn Insert of Child Row Restrict

Location:

DocusignAttached relationships on Docusign:

Sends documents to be signed MIN: 1 MAX: 1Docusign

Sends Financial Information MIN: 1 MAX: 1Financial Accountant

mortgage approved for buyer MIN: 1 MAX: 1Mortgage


Docusign Entity

Location:


Signs MIN: 1 MAX: manyBuyer


175



___________________________________________________________________________________________

Financial Accountant Entity

Location:


Requests Information MIN: 1 MAX: manyBuyer


Mortgage Attributive Entity

Foreign Key(s):

Buyer 'mortgage approved for buyer' MortgageOn Delete RestrictOn Update RestrictOn Insert of Child Row Restrict

Location:


mortgage issued by Glennding MIN: 1 MAX: 1Buyer


mortgage approved for buyer Relationship

Attached Objects:

Buyermortgage approved for buyer MIN: 1 MAX: 1

Mortgage[ mortgage issued by Glennding ] MIN: 1 MAX: 1

Foreign Key(s):

Buyer 'mortgage approved for buyer' MortgageOn Delete RestrictOn Update Restrict

176



___________________________________________________________________________________________

On Insert of Child Row Restrict

Location:

Docusign


mortgage issued by Glennding Relationship

Attached Objects:

Mortgagemortgage issued by Glennding MIN: 1 MAX: 1

Buyer[ mortgage approved for buyer ] MIN: 1 MAX: 1

Foreign Key(s):

Buyer 'mortgage approved for buyer' MortgageOn Delete RestrictOn Update RestrictOn Insert of Child Row Restrict

Location:

Docusign


Requests Information Relationship

Attached Objects:

Financial AccountantRequests Information MIN: 1 MAX: many

Buyer[ Sends Financial Information ] MIN: 1 MAX: 1

Foreign Key(s):


Location:

Docusign

177



___________________________________________________________________________________________


Sends documents to be signed Relationship

Attached Objects:

BuyerSends documents to be signed MIN: 1 MAX: 1

Docusign[ Signs ] MIN: 1 MAX: many

Foreign Key(s):


Location:

Docusign


Sends Financial Information Relationship

Attached Objects:

BuyerSends Financial Information MIN: 1 MAX: 1

Financial Accountant[ Requests Information ] MIN: 1 MAX: many

Foreign Key(s):


Location:

Docusign


178



___________________________________________________________________________________________

Signs Relationship

Attached Objects:

DocusignSigns MIN: 1 MAX: many

Buyer[ Sends documents to be signed ] MIN: 1 MAX: 1

Foreign Key(s):


Location:

Docusign


179

TEAM WEIGHTING

What are credits and how should your team divide them up: Credits are a number that represents the amount of work done by a team member in a team project. Your Team has 100 "credits" per person in the Team. Each Teams has 100 “credits” per member. If you believe everyone contributed equally, each member should receive 100 credits. The credits must be a reflection of actual team contribution during the project. You must also submit meeting minutes as evidence that this contract is a reflection of actual contribution.

These credits will determine how the team points earned on the project will be allocated among members. Depending on the grade of your team project and how the credits are dispersed, it is possible to get over 100% on the project. You may assign any combination of credits that equal 400 or 500 credits. HOWEVER, individual credits are capped at 110 credits. EVERY MEMBER IN EVERY TEAM MUST AGREE ON THE FINAL DISPERSION OF CREDITS

Team Credits to Disperse: 400 (each members- 100 points each)

Name Individual Credits

Jeff Carrion 100

Bob Toltowicz 100

Peter Quarelli 100

Peter Eichen 100

BY THESE INITIALS I ATTEST THAT I AGREE TOTHIS PAGE:

_______ Team Member 1, _______ Team Member 2, ______ Team Member 3, ______ Team Member 4 ______, Team Member 5 _______

180