Vanceo Default Process v2019.04.07.02 (May 2019)

The Vanceo Default process v 2019.04.07.02. The following functionality has been included in this Vanceo Default process provided by Wolters Kluwer.

Stages

  • Application

  • Processing

  • Underwriting

  • Pre-Closing

  • Closing

  • Post-Closing

Decisions

  • Intent to Proceed

  • Loan Decision
Tasks
Table 1. Task 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Early Disclosures Send Confirmation of Withdrawn Application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