Use a lender automatic approval program when:
- The buyer meets the program checklist criteria.
- No credit application submission is required.
- You have a buyer ready to sign documents.
- Start the deal from the Home tab.
- Complete applicant information.
- Pull a new credit report .
- Enter collateral information. See Collateral tab for more information.
- Enter trade-in and deal structure information.
- Click the Manual Print button.
- Click the YES, I want to create a manual print button.
- Change the status of the deal to Approved.
- Click the Save button.
- Click the Select/Print button.
- On the Forms tab, select a lien holder in the Lien Holder Information area, and print forms for the deal.
- After you print forms, a submit button for the automatic approval program appears on both the Lenders and Forms tabs. Press the submit button.
- When you are ready to submit the deal, click the Submit button.
- Fax the credit report to the lender using the program-specific fax cover sheet from the deal forms.
Use the Lender AppID number from the callback to fill in the Application ID # in the cover sheet. If the Lender AppID field is empty, try refreshing the browser screen to see it.
