Wolters Kluwer Templates
Wolters Kluwer provides default process templates for all lines of business. All templates display in the Process Template grid. The template can be later customized for an organization's transaction process.
Mortgage and Assumptions Template
The Vanceo Mortgage Default Process v19.04.07.02 template includes the following functionality.
- Application
- Processing
- Underwriting
- Pre-Closing
- Closing
- Post-Closing
- Intent to Proceed
- Loan Decision
Tasks List
| Credit Application | Credit Report |
| Product Selection & Pricing | Interest Rate Locking |
| ATR / QM / HOEPA / HPML Testing | Tax IRS 4506T Verification |
| Early Disclosures | Send Confirmation of Withdrawn Application |
| Preliminary Underwriting | Mortgage Insurance Certificate |
| Homeowner’s Insurance Policy | Income Verification |
| Verification of Assets | Liability Verification |
| Abstract Update | Title Search |
| Appraisal | Receive and Review Appraisal |
| Copy of Appraisal Sent to Party | Flood Determination |
| Flood Insurance Policy | Identification Verification |
| Mortgage Insurance | Homeowner’s Insurance |
| Deed-GW-Declaration of Value | Septic System Update |
| Verification of Employment | Mechanics Lien – Exceptions |
| Underwriting | Flood Insurance |
| Notice of Action Taken | Submit To HMDA |
| Initial Closing Disclosures | Closing Documents |
| Funding | Wire Funds |
| Auto Transfer Notice – Coupon Book | Recorded Mortgage Received |
| Revised Closing Disclosures | Insurance Expiration |
| Final Abstract | Final Title Opinion |
| UCD Upload | ULDD Upload |
| Submit to CRA | Submit to Automated Underwriting System |
Commercial Template
The Vanceo Commercial Non RE Default Process v20.06.02.03 template includes the following functionality.
- Application
- Underwriting
- Closing
- Post-Closing
- Initial App Results
- Loan or Board Approval
Tasks List
- Order OFAC/CIP
- Collect Financials
- UCC-Title Search
- Spread Financials
- Spread Tax Returns
- Risk Rating
- Author Credit Authorization Memo
- Validate Loan Pricing
- Adverse Action Notice
- Prepare Loan Docs
- Execute Loan Docs
- Disburse Funds
- Book Loan
- File Title-UCC-Lien
- Create Ticklers
Commercial Real Estate
The Vanceo Commercial RE Loans Default Process v20.06.03 template includes the following functionality.
Stages
- Application
- Underwriting
- Processing
- Closing
- Post-Closing
Decisions
- Initial App Results
- Loan or Board Approval
Tasks List
- Order OFAC/CIP
- Collect Financials
- Spread Financials
- Spread Operating Statements
- Risk Rating
- Validate Loan Pricing
- Author Credit Authorization Memo
- Order Appraisal
- Environmental Screen
- Open Escrow/Title
- UCC- Title Search
- Flood Determination
- Receive Appraisal
- Receive Appraisal
- Adverse Action Notice
- Prepare Loan Docs
- Execute Loan Docs
- Disburse Funds
- File Mortgage-UCC
- Book Loan
- Create Ticklers
Consumer
The Vanceo Consumer Default Process v20.06.02.05 template includes the following functionality.
Stages
- Application
- Processing
- Underwriting
- Closing
- Post-Closing
Decisions
- Customer Status
- Credit decision
- Loan Approval
Tasks List
- Credit Application
- Order OFAC/CIP
- Credit Report
- Title search & Collateral Valuation
- Send Confirmation of Withdrawn Application
- Adverse Action Notice
- Underwriting
- Prepare Loan Docs
- Disburse Funds
- Book Loan
- Record Security/Title/Lien
Consumer HELOC Template
The Vanceo Consumer HELOC Default Process v20.06.02.03 template includes the following functionality.
Stages
- Application
- Processing
- Underwriting
- Closing
- Post-Closing
Decisions
- Credit decision
- Loan Approval
Tasks List
- Credit Application
- Credit Report
- Product Selection & Pricing
- HOEPA / HPML Testing
- Send Confirmation of Withdrawn Application
- Notice of Action Taken
- Homeowner's Insurance Policy
- Income Verification
- Verification of Assets
- Liability Verification
- Appraisal
- Flood Determination
- Verification of Employment
- Underwriting
- Closing Documents
- Funding
- Record Mortgage
- Book to Core