Union Bank Wholesale Importing loans into a Quicklock ...12 Talent Development and Learning, Feb 2020 STEP ACTION 23 a. Hover over the Loan Summary sub-tab. b. Click on the Current

Union Bank Wholesale Importing loans into a Quicklock - Loan Submission Guide

1 Talent Development and Learning, Feb 2020

LOAN SUBMISSION PROCESS FOR QUICKLOCKS The system is compatible on a PC or a MAC, and the following browsers are supported:

IE9 and > except IE11, Chrome 15 or >, Fire fox 5 or > , Safari 6 or >, Opera 13 or >

Follow the steps below to import your .FNM file, into a Quick Lock, and submit the loan to Union Bank Wholesale.

Steps 1-3, 8 & 9, 11 and 21 – 26 are action items that you must perform to complete the submission. The remaining items you will want to verify your information mapped over correctly.

STEP ACTION

1 Click APPLICATIONS from the STARTPAGE on the HOME Tab.

2 Locate your pre-locked loan: a. Use the Search By drop down to search by Borrower Full Names or other filter(s).

Note: A portion of the borrower’s name is sufficient to return search results. b. Click on the loan number for the loan you want to open.

3 Import your FNM file into the Quicklock. a. Click on the Import Icon or Click on the Import Loan Data button b. Choose Import Fannie Mae DU File from your LOS

c. Click on Browse

d. Find your FNM file from within your system and click on Import

e. Click ok once rcvd successfully import notice and close out the import loan window.



STEP ACTION

4 Steps 4 -7 of the loan submission process have already been completed during the Quicklock process. Please confirm this information is still accurate before proceeding to step 8 located on page 5.

Note: These fields should not be editable due to being a Quicklock, however, confirming this information is still accurate is recommended. Refer to the “How to complete a change Request on a Quicklock” job aid located in the Broker Resource Center should any changes need to be made. Note: Any changes could trigger a CIC and a new broker LE may be required

5 Hover of the Pricing Tab and Click on Pricing Information from the drop down menu and verify this information is still accurate.

There are 3 sub-tabs with in the Pricing Tab.

1. Product Parameters 2. Loan information 3. Pricing information

First, verify the information in the Product Parameters sub-tab is still accurate.

Reminder: This should already be completed due to being a Quicklock. However confirming this information is still accurate is recommended.

https://www.unionbank.com/wholesaleportal/index.jsp



STEP ACTION

6 Second, Click on the Loan Information Sub Tab and verify this information is still accurate. Reminder: This should already be completed due to being a Quicklock. However confirming this information is still accurate is recommended.



STEP ACTION

7 Next, Click on the Pricing Information Sub Tab and verify this information is still accurate. Reminder: This should already be completed due to being a Quicklock. However confirming this information is still accurate is recommended.



STEP ACTION

8 Fees tab. a. Hover over the Fees sub-tab. b. Click on Fees to display some Union Bank default fees in read-only screens.

Note: The Broker is not responsible for inputting any fees. Union Bank will input fees from the estimated settlement statement/Loan Estimate provided.

9 Borrowers Tab a. Hover over the Borrowers tab. b. Hover over the Borrower Information sub-tab. c. Click on Borrower Information from the drop down. d. Update General Information, as necessary. e. If the borrower elects to have their disclosures and appraisal delivered through Secure Document

Exchange (SDX): i. Ensure the borrower’s E-Mail is entered. ii. Click on the Consent to e-mail documents box.

The Consent Given To field is auto-populated. iii. Provide the Borrower with the SDX job aid, located in the Broker Resource Center.



STEP ACTION

10 a. Scroll down to Current Address. b. Click on Zip Code Look Up button to populate the county,

OR c. If Owner Occupied Refi, click on Copy Property Address Information icon to update from property

address.

11 Repeat steps #8 and #9 for subsequent borrowers. Note: Current Address for subsequent borrowers may also be populated by clicking on the Copy Previous Borrower button.

Click Save.



STEP ACTION

12 Click on the Assign Applicants sub-tab, if there are multiple applicants. • The DESIGNATION for joint applicants should always show Borrower and Co-Borrower, and have

the same APPLICATION NUMBER. • The DESIGNATION of a borrower that is not joint with another borrower should always show as

Borrower and have a separate APPLICATION NUMBER.

13 a. Hover over the Residence History sub-tab. b. Click on Former Addresses and Update as necessary. c. Repeat for additional borrowers.

14 a. Hover over the Employment History sub-tab. b. Click on Current Employment view and update as necessary. c. Repeat for additional borrowers.



STEP ACTION

15 a. Click on the Income tab and update the Income as necessary. b. Repeat for all borrowers. c. Click Refresh to update Total Monthly Income for All Borrowers.

Note: If any changes are made to income amounts, click Yes at Income Calculator to update totals.

16 a. Hover over the Assets sub-tab. b. Click on each asset to review and update, as necessary.



STEP ACTION

17 a. Hover over the Liabilities sub-tab b. Click on each Liability to review and update, as necessary.

Note: Liabilities may be updated once Union Bank runs the credit report.

18 Click on the Totals sub-tab to view a snapshot of the Assets and Liabilities. Should you need to make changes you will need to go to the appropriate tabs.



STEP ACTION

19 a. Hover over the Declarations sub-tab. b. Click on the Declarations, Government Monitoring and Interview information drop-downs c. Review and update each sub-tab as necessary.

20

Click Save.

Note: If your address is not the same as the LO do not use “Use My Information” feature. To change this address you will go to the Broker Contact Section located in the Loan Tab.



STEP ACTION

21 Loan Tab: a. Hover over the Loan tab. b. Hover over the Disclosures sub-tab. c. Click on the Loan Disclosure drop-down to view.

Note: Disclosures in read-only screens.

22 a. Hover over the Loan Information sub-tab. b. Click on the following Loan Information and refer to best practice.

NOTE: Click on Housing and Debt Ratios to determine if DTI appears correct. If not you may want to go back to the income and or liability sections located in the borrower tab.



STEP ACTION

23 a. Hover over the Loan Summary sub-tab. b. Click on the Current Loan Terms drop down to view terms in read-only screen. c. Click on the Broker Contacts drop-down. d. Confirm the Broker Loan Officer’s Name, Phone Number, Address, and Email are accurate. e. Enter the Broker Processor’s Name, Email, and Phone are accurate. f. Optional: Broker LO Assistant Name, Email, and Phone if you want notifications sent to that

individual. g. Complete Supplemental Loan Info, as applicable. Enter any secondary loan information, including

Dollar Amounts and Details from the drop down.

NOTE: Operations will contact the brokerage using the contact information listed here. The LO and the processor are required fields. The LOA is an option contact.



STEP ACTION

24 Before uploading your loan documentation, refer to the Broker Disclosure and Broker Submission Packages for documentation requirements at submission. The Disclosure Package and the Loan Submission Package checklists are located in the Broker Resource Center. Note: Maximum file size is 64MB, and file must be .pdf format.

a. Click on the Global Document Repository (GDR) icon. b. Click on the Broker Disclosure Package folder.

o Please upload all items on the Broker Disclosure Package Checklist as one combined PDF. c. Click the Browse icon to browse to the location of the document. d. Click on the document. e. Click Upload. f. Repeat steps a-f for the Broker Submission Package Items.

o Please upload all items on the Broker Submission Package Checklist as one combined PDF. o If the Submission Package is larger than 64mb it is ok to have multiple uploads

g. Click X to close the Document Upload window

Click Save.

https://www.unionbank.com/wholesaleportal/index.jsp



STEP ACTION

25 a. Click on the Submit tab. b. Select Submit a Full Application from the Select Submission Type drop-down. c. Click Submit. d. Click Ok at Submit An Application.

26 a. Review Lender Submission Validation screen. Note: You MUST scroll down to see all Data Validation Descriptions.

b. Make a note any failed items. c. Click OK. d. Remedy any Failed Validations.

27 Verify your loan was submitted: a. Current Status is Full Submission or Click on the Loan Status tab and scroll down to see the Major

Events notifications associated with the loan.

28 Click on the APPLICATIONS tab to return to the pipeline page and properly close out your application.

Documents

Union Bank Wholesale Importing loans into a Quicklock ...12 Talent Development and Learning, Feb 2020 STEP ACTION 23 a. Hover over the Loan Summary sub-tab. b. Click on the Current