View 4b: Loan Origination Page/New or Refinanced Loan at Closing (Part Two)

Purpose of Mortgage [ID 315] (required)

Select the purpose for which the loan proceeds will be used. Options Include:
  • Purchase

  • Refinance

Lien Priority [ID 313] (conditionally required)

Select the priority of the lien against the subject property. Options include:
  • First

  • Second

LTV (Loan to Value) Ratios

  • Home Equity Combined LTV (HCLTV) Ratio [ID 92] (conditionally required for loans with a concurrently closing HELOC or an existing HELOC).

    Enter the HCLTV Ratio that is the result of dividing the sum of the unpaid principal balance (UPB) of the first mortgage, the full amount of any home equity line of credit (whether drawn or undrawn), and the balance of any other subordinate financing by the value of the subject property.

  • Combined LTV (CLTV) Ratio [ID 91] (required)

    Enter the CLTV Ratio that is the result of dividing the combined unpaid principal balance (UPB) amounts of the first and all subordinate mortgages, excluding undrawn home equity lines of credit amounts, by the value of the subject property. If a first mortgage has no subordinate liens, enter the loan-to-value ratio of the first mortgage.

  • LTV Ratio Percent [ID 255] (required)

    Enter the LTV Ratio that is the current UPB amount to the appraised value, estimated value or purchase price of the property.

  • Base LTV Ratio Percent [ID 254] (required)

    Enter the Base LTV Ratio that is the result of dividing the difference of the original unpaid principal balance (UPB) minus the financed mortgage insurance premium by the value of the subject property.

Mortgage Type [ID 317] (required)

Select the type of mortgage being applied for or that has been granted. Options include:
  • Conventional

  • FHA [limited mortgage support]

  • USDA Rural Housing [limited mortgage support]

  • VA [not supported by mortgage]

Automated Underwriting System [ID 326/327] (conditionally required if loan has not been manually underwritten)

Select the type of automated underwriting system used to evaluate the loan. Options include:
  • Desktop Underwriter

  • Loan Prospector

  • Other
    • If Other is selected, the Guaranteed Underwriting System option displays.

Desktop Underwriter Case ID [ID 322] (required)

Enter the ten-digit numeric value (Casefile ID) used to identify the unique number that Desktop Underwriter® (DU) or UCD collection service assigned to the mortgage which is used for tracking subsequent activity related to the mortgage.

Automated Underwriting Recommendation [ID 325] (conditionally required if DU is AUS)

Select the loan approval recommendation determined by the DU automated underwriting system. Options include:

  • Approve Eligible

  • Approve Ineligible

  • EA I Eligible

  • EA I Ineligible

  • EA II Eligible

  • EA II Ineligible

  • EA III Eligible

  • EA III Ineligible

  • Error

  • Out of Scope

  • Refer Eligible

  • Refer Ineligible

  • Refer With Caution

  • Refer With Caution IV

  • Unknown

The Loan was Manually Underwritten [ID 328] (required)

Select if the loan underwriting decision is based on manual underwriting and not the recommendation from an automated underwriting system.