View 2

This view shows the Loan Product Advisor Interface view after selecting Automated Underwriting in the Services menu. The Borrower Addresses section is expanded and Detached is selected in the Property Type list in the expanded Automated Underwriting Criteria section.

  • Submission Information: This section displays data only after an initial automated underwriting service request has been successfully saved. For more information, see User Scenario-Resubmission of Automated Underwriting Service Request.
  • Borrower Addresses: The data in this section has been previously entered on the Parties page in ComplianceOne. It is informational only and cannot be changed here. If required data is missing on the Parties page, the following message displays.

  • Automated Underwriting Criteria: This section contains conditionally required data items not previously collected in ComplianceOne. Complete the item if it applies to the specific loan being submitted for underwriting services.
    • Product Description (conditionally required): Enter a description of your mortgage product or program associated with the loan (35 character limit) if your policies use specific product descriptions in Loan Product Advisor.
    • Freddie Mac Offering Identifier (conditionally required): Select an option that Loan Product Advisor will use to identify the specific type of product offering if an identifier applies to the loan.
      • Blank
      • Home Possible
      • Relief Refinance
      • Enhanced Relief
    • Property Type (conditionally required): Select an option to specify the type of dwelling or structure for the property if the property type is not a condominium.
      • Attached
      • Detached
      • Manufactured Single Wide
      • Manufactured Multi Wide
    • Sales Concession Amount (conditionally required): Enter the dollar amount of the sales concessions granted by an interested party including such items as furniture, carpeting, decorator allowances, automobiles, vacations, securities, giveaways, or other sales incentives. This amount is required if seller concessions are noted on the appraisal or sales contract or financing concessions exceed allowable limits.
    • Secondary Financing Paid (conditionally required): Select this option when a subordinate mortgage will be paid off by the refinance and rolled into the new first mortgage balance.