Pipeline Manager User Guide - Carrington Mortgage Services, LLC
Contents
1. Selected Loan Selected Loan Loan ID 53944 Status Registered Borrower AMERICA ag W Loan Amt e LTV CLTV Desired Rate Desired Price Desired Lock 315400 57 345 0 4 75 30 Interest Only Waive Escrows AUS Buydown Prepayment Penalty DTI Ratio No z No z Not Specified None None i oo Property Zip 7 Lender Paid Compensation 20008 Yes Lender Paid E Loan Type s VA Loan Term s 30 Yr Amortization Type s Fixed ARM Fixed Term s Exp App Level s Print Full Product Listing v l Top Products by Type Side by Side Compari Best Pricing Best Pricing Eligible Product Ri Margin APR PandI Discount Rel Closing Cost Price Discount Rel CMS VA 30 Yr Fixed V30F 1 645 3 788 103 788 11 947 Show CMS VA 30 Fix High Bal IRRRL H30FVIRRRL Show J CMS VA High Balance 30 Yr Fixed H30FVA Show bad Print Full Product Listing w Top Products by Type Side by Side Compari Best Pricing E Links Eligible Product Rate Margin APR PandI Discount Rebate Closing Cost Price Discount Rebate S Detail P CMS VA 30 Yr Fixed V30F 4 750 0 000 4 750 1 645 3 788 0 103 788 11 947 Hide ae lock ae EE Pricing Last Updated 09 10 13 7 18 A ven ee for period 15 45 60 l Expiration 10 10 13 Search Timestamp 09 10 13 7 29 AM PandI i ate Closing Cost Price 3 250 3 872 1373 7 416 23 390 92 584 23 390 0 23 390 3 942 3 375 3 950 1394 6 837 21 564 932. Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 19 All rights reserved Proprietary and confidential Archiving Loans Keeping your pipeline current is the best way to stay on top of your loans The archiving function allows you to remove loans that are stagnant or have funded out from your current pipeline view To Archive a Loan 1 On the Welcome page click the View Pipeline button 2 Select the check box 1 for the loan you want to archive Wekome gt Pipeline Pipeline Active Archived Search By Borrower Name Borr Name Address Loan Amount Firstimer Alice 1100001612 3726 Poplar St 142 500 00 Dawson IA 50066 1111 i Fi 1100001616 122 500 00 1 O Donnell Steven Harold 1100001611 77363 Painters Road 300 000 00 Thousand Oaks CA 91362 Product amp Pricing You may review your pipeline here If you are logged in as a company manager or administrator you may view loans in any of your company s branches 13 as narrowing down to just your own loans Started 02 16 2011 02 18 2011 02 16 2011 Status Started New Loan New Loan 3 Click the Archive button 2 located in the upper right corner of the pipeline to remove the loan from the pipeline and add it to the Archived pipeline Click the Archived tab 3 to view the Archived pipeline To bring the loan back to your current pipeline from the Archived pipeline selec
3. 163 21 564 0 21 564 3 942 3 500 4 027 1416 6 247 19 703 93 753 19 703 0 19 703 3 942 3 625 4 105 1438 5 673 17 893 94 327 17 893 0 17 893 3 942 3 750 3 989 1461 2 869 9 049 97 131 9 049 0 9 049 3 942 Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 10 All rights reserved Proprietary and confidential 7 Click the Update Encompass button 1 to apply the selected product and interest rate to the loan for submission and underwriting only this does not lock the loan 8 Click the Request Lock button 2 to apply the interest rate and request a rate lock at the same time Product and Pricing Result Optimal Blue Lock Form vw aa 50805 Registered America ped Uy Printer Friendly Version Update Encompass Request Lock Borrower Information 2 BorowerSSN Borrower First Name Borower Last Name Borrower DOB Andy America 1967 06 21 999603333 FICO DTI Ratio Self Employed Citizenship 740 34 859 No U S Citizen Property Information Number of Units Number of Stories Property Type Occupancy Single Family Primary Residence 1 Unit Property Address Property Address cont 4321 Cul de Sac Street Property City State _ Property Zip 7 ss Gagunty Irvine California CA 92612 Orange Carrington Mortgage Services LLC Mortgage Lending Page 11 All rights reserved Proprietary and confidential Pipeline Manager User
4. E E E A E E 20 TOA ANE aL e E E E E E E E E A N ER 20 Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 2 All rights reserved Proprietary and confidential Introduction This guide is intended to help you work with our company s website which connects directly to our loan origination system LOS The website provides a central online location where you can originate process and monitor loans After logging into the website you can originate new loan files or import loan files created from your own LOS Once the loan is added to our website you can submit the loan or take actions such as ordering a credit report or searching for product and pricing options You can also use the website to monitor the loan s status At the same time we can monitor the loan activity in our LOS and ensure we are receiving all the necessary information we need Changes made to the loan file on the website are reflected in the loan when opened in our LOS and vice versa This guide provides all of the instructions necessary to log into the website and start originating and processing loans Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 3 All rights reserved Proprietary and confidential Getting Started This section explains how you can start using the website and includes a brief description of the main tools available on the website Gai
5. Guide v2 August 2013 Submit a Loan Once you have completed the loan run it through the product and pricing engine and applied an eligible interest rate to the loan you must use the Submit Loan action to ensure that the loan is submitted to the underwriter To Submit the Loan to the Underwriter 1 Click Submit Loan 1 2 Ensure that all of the required information has been entered and required documents have been attached Then click the Submit Loan button 2 Required fields are marked with a red asterisk 3 After the loan is submitted you can take additional actions with the loan such as requesting a rate lock Welcome Karen Weidenbach Log Out Contact Us CARRINGTON MORTGAGE SERVICES Home Loan Products Become Approved BrokerCenter Resources amp Tools Welcome Page gt Pipeline gt Loan Details 1308006972 Funding Andy America 4321 Cul de Sac Street Irvine CA 92612 Loan Details Loan Actions Loan Summary 1003 Conditions amp Documents ock Information Submit Loan Loan Officer Product amp Pricing Loan Processor Import Additional Data Loan Summary Home LoanProducts Become Approved BrokerCenter Resources amp Tools Welcome Page gt Pipeline gt Loan Details gt Submit Loan 1308007451 New Loan ANDY AMERICA Submit Loan Loan Program CMS FHA 30 Yr Fixed Loan Type Purpose of Loan Impound Waiver Documentation
6. Proprietary and confidential 5 Add comments in the New Comments section 1 if necessary and then click the Save button 2 Welcome gt Pipeline gt Loan Details gt New Document Details New Document Details Document Name Bank Statements For Borrower Alice Firstimer Document sent via fax ial Attached Files Firstimer_Bank_Statements pdf Browse E l l Br ms Sa Brose Add More Files Previous Comments Updated bank statements for Wells Fargo The document is now included in the Documents list on the Loan Details page Documents and Conditions Documents and conditions are ready forreview Documents Print Fax Coversheet Document Name Bank Statements Firstimer Bank Statements pdi Details Add File Credit Report Credit Report Details Add File W 2s Last 2 years We_AliceFirstimer padt Details Add File Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 17 All rights reserved Proprietary and confidential Viewing Conditions Once the loan has been underwritten you can view the conditions that have been added in the Conditions section of the Loan Details page There you can view condition details and add documents to satisfy the conditions To View Conditions 1 On the Loan Details page click the Conditions amp Documents tab and scroll to the Conditions section near the bottom of the page 2 Click the
7. Type z Prepayment Penalty Purchase Price 550 000 00 Required only if Purpose of Loan is Purchase Interest Only months Appraised Value 550 000 Required only if Purpose of Loan is Cash Out Refi No Cash Out Refi or Construction Perm Loan Officer Test Branch Karen Weidenbach gt Loan Processor Test Branch 7 geoff messerschmidt S Required Documents Document Name File Name Broker Submission Package Details Add File Required Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 12 All rights reserved Proprietary and confidential Track and Manage a Loan 1 Track the loan s progress using the pipeline The loan s status is displayed in the Status column 1 2 View Loan Details including the 1003 Conditions and Lock Details by clicking the View Edit link 2 Welcome gt Pipeline Pipeline Product amp Pricing You may review your pipeline here Ifyou are logged in a5 a company manager or administrator you may view loans in any of your company s branches as well as narrowing down to just your own loans Actve Archived Search By Borrower Name 1 4 ois C Borr Name Address a Loan WAmount Fi Firstiimer Alice 11000016712 024162017 m ViewlEdit 3726 Poplar St 142 500 00 Dawson IA 50066 1111 Smith Grant Harold 1100001611 02 16 2011 View Edit 8743 Scuttle Road 300 000 00 l Thousand Qaks CA 91352 Pipelin
8. often difficult and confusing process of choosing and getting the exact loan to meet your specific needs Home Loan Products Become Approved Broker Center Mortgage Rates Mortgage Calculators Printable Forms Loan Products SSRIS pipelinemanager carringtonms com Encompass 360 User Manual v1 July 2013 Page 4 Pipeline Manager User Guide v2 August 2013 Add Users to the Website In order for other users to gain access to the website the Administrator must create a contact record for each user To Create a Contact Record 1 Click the Manage Account button 2 Scroll near the bottom of the Manage Account page until you locate the Contacts section Here you will add the users who will be able to use the website 3 Click the Add icon 1 Contacts No contacts have been added Click the Add icon to get started search By FirstName Search 0 0 HW First Name Last Name Address Business Phone Status Branch 4 Enter the required information for the user Required fields are marked with a red asterisk 5 When finished click the Save button The user will receive an email that provides a link to the website along with a log in name their email address and a temporary password Welcome Page gt Manage Account gt Create Contact Record Create Contact Record Email Address E The contact s email address is also their user name First Name FO Last Name FO St
9. on the website before submission Once submitted changes cannot be made To Import Additional Data 1 Click the Loan Actions button and then click Import Additional Data 2 Select the LOS or file format to import from and then select which fields to import and how to manage existing lists such as liabilities Encompass 360 User Manual v1 July 2013 Page 7 Welcome Page gt Pipeline gt Loan Details gt Import Additional Data Import Additional Loan Data Select an upload method to get started Upload from Desktop Originator Casefile ID DU 3 2 File fnm Which flelds would you like to import H Import all fields Import only non blank fields Would you like to retain existing lists Delete existing lists before importing residences liabilities etc Add to existing lists 3 Click the Next button and then follow the on screen instructions to locate the loan file and import the data Apply Product amp Pricing Lock Requests Use the Product amp Pricing action to run your loan scenario through the product and pricing engine 1 From the Loan Actions click Product amp Pricing 2 Enter the required information Required fields are marked with a red asterisk Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 8 All rights reserved Proprietary and confidential Welcome gt Pipeline gt Loan Details gt Product and Pricing S
10. CARRINGTON MORTGAGE HOLDINGS LLC Pipeline Manager User Guide Encompass 360 Presented by KKK Training Anytime Anywhere Copyright Statement 2013 Encompass and Encompass360 are trademarks or registered trademarks of Ellie Mae Inc or its subsidiaries All rights reserved Other company and product names may be trademarks of their respective owners Products services and programs are subject to change without notice Contents aiagele Vol ie a enn se ee er ee ee ee er ee ee ee en ee ee er ee rere 3 Gerne SC crates ce tes eae A A a neases en ecossceustecescanstesencsnaceseesueacieesseaeece 4 Gain Initial Access TO The Webs E eain EE E A 4 Start Using the Webstee TOO Sunsa S 4 nad Users 0 UNS VV enS O eana E E I ETE EEE E O AEE OE 5 VON e PIDEN Sac cstctec ice esac E E E ica vesecctonmnectecyaeeeianeeetnare 6 SN aA NOW gt emer ee ee ee ee ee ee eee eee 6 Working WIE LOGINS secs as acnascocccsncxac cocaucaaeseenessaonaeeseucnnceancuceusauecneuennsesnetemnenwusnesucneecuevesaessnonse i 7 any ole geese ollueile grey Bye 1c jemremmeerneeresestecan Sater rms atts amr neS er Te Sesto etnn nS nN aero ne ne ee eee 7 Appiy Product amp Pricing Lock ReguUEStSsnnunsrsniesanei a Ea aa 8 OA a EO ee a E E E E E E E E ET 12 Tackand Manace a LOaren E TT T T 13 AQAmME DOCUMEMUS caironar a a aa a aaa aa 14 TO Add Document tthe LOI eeraa EE E A Ea 14 VEW CONAN aa A A A EE E E EE cs ot ge set E rae ene ose 18 PANGAN LOIN Sae
11. Details link to view the condition details Conditions SearchBy ProrTo Collapse All Prior To Condition Name Date Added Status Date Supporting Documents Approval E Credit 09 19 2012 09 19 2012 Explanation Letter Details Assign Doc E Credit Report wi FACTA disclosure Details Assign Doc E Divorce Decree 09 19 2012 Child Support Order Details Assign Doc 3 Click the Assign Doc link 1 to add a document from the Documents list or a file from your computer to satisfy the condition Assign Document Credit Explanation For Borrower Alice Firstimer Add File Cancel 4 When finished adding supporting documents click OK Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 18 All rights reserved Proprietary and confidential 5 Once you have finished documenting the file select the Documents and conditions are ready for review 1 check box to notify our company that the loan s documents and conditions are ready to be reviewed NOTE This check box will not be displayed until you have submitted the loan Documents and Conditions Documents and conditions are ready for review Documents 4 3 Pi od Document Hame File Name Bank Statements Firstimer_Bank_Stateme nts_pdf Details Add File Credit Report Credit Report Details Add File W 2s Last 2 years We AliceFirstimer pdf Details Add File
12. atus Enabled ti H NMLS ID oO Social Security Number JE J Branch Corporate x Address City A State fF Zip C L Business Phone Zz Ext Business Fax Cell Phone Role Admin S Assigned AE Account Executive test ae gt Required Carrington Mortgage Services LLC Mortgage Lending Page 5 All rights reserved Proprietary and confidential View the Pipeline Click the View Pipeline button on the Welcome page to view your pipeline of loans Here you can check loan status view conditions attached to the loan and upload required documentation Depending on your assigned role and permissions you may be able to view all the loans that your team has entered on the website Active Archived Search By Borrower Name i Borr Mame Address Loan Amount Started Status Firstimer Alice 1100001612 C2620 1 NewLloan amp View Edit 3726 Poplar St 147 500 00 Dawson IA 50066 1111 Smith Grant Harold 1100001611 0216 2011 NewLoan View Edit arda Scuttle Road 300 000 00 Theusand Oaks CA 91362 Start a New Loan Click the New Loan button on the Welcome page to start a new loan You can enter a loan manually or upload loan files from Encompass360 or other loan origination systems and formats New Loan select an upload method to get started Upload from Encompass Desktop Originator Casefile ID G DU 3 2 File fnm O Creat
13. e Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 13 All rights reserved Proprietary and confidential Adding Documents As you work to process your loan you will need to add documents to complete the loan package NOTE Access to the Documents and Conditions section is controlled by the website administrator The actions you are allowed to perform and the types of documents and conditions you can access are also controlled by the administrator To Add Documents to the Loan 1 On the Loan Details page click the Conditions amp Documents tab and scroll to the Documents section near the bottom of the page 2 Click the Add New Document icon 1 Documents and Conditions Documents and conditions are ready for review Documents 4 7 of2 k U os Print Fan Coversheet Document Name File Name Credit Report Credit Report Details Add File We2s Last 2 years W2 AliceFirstimerpdf Details Add File Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 14 All rights reserved Proprietary and confidential 3 Onthe New Document Details page select a document from the Document Name drop down list Welcome gt Pipeline gt Loan Details gt New Document Details New Document Details Document Name 1003 All Required Pages 1003 All Required Pages For Borrower 1003 URLA 1008 Transmittal Summary Docume
14. e Manually Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 6 All rights reserved Proprietary and confidential Working with Loans Once you have completed and saved all of the information on the 1003 you can work with the loan or perform loan actions such as submitting the loan or submitting a lock request To perform an action select the action from the Loan Actions 1 menu at the top of the Loan Details page Welcome Karen Weidenbach Log Out Contact Us CARRINGTON MORTGAGE SERVICES Home Loan Products Become Approved Broker Center Resources amp Tools Welcome Page gt Pipeline gt Loan Details 1308006972 Funding Andy America 4321 Cul de Sac Street Irvine CA 92612 Loan Details L Loan Actions Loan Summary 1003 Conditions amp Documents Lock Information Submit Loan Loan Officer Product amp Pricing Loan Processor Import Additional Data Loan Summary Loan Number 1308006972 Loan Amount 143 833 00 Borrower Name Andy America Loan Type FHA Subject Property Address 4321 Cul de Sac Street Irvine CA 92612 Subordinate Financing 0 00 Property Type Detached Property Usage Primary Residence Import Additional Data If you originated a loan on the website by importing the file from another LOS and changes have since been made to the file in the LOS use the Import Additional Data action to import the changes to your file
15. earch Product and Pricing Search Borrower Information Credit Information Atleast one borrower credit score must be provided to continue Borrower Experian FICO r03 Borrower TransUniomEmpirica Borrower Equifaw BEACON Co Borrower Experian FICO Co Borrower TransUnion Empirica Co Borrower Equifaw BEACON DTI Current Employment Employer Hame Self Employed Abacab Yes No ll Subject Property Information State IA Zip 50066 1111 3 At the bottom of the screen enter a Target Rate or a Target Price V Search Information Either a target rate or target price must be entered to continue Target Rate i eb Target Price Target Lock Period 45 Required Next 4 Click the Next button Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 9 All rights reserved Proprietary and confidential 5 Click an eligible program s Show link 1 to view the product details 6 Scroll right and click the Lock icon 2 to select the rate and price Welcome Karen Weidenbach Log Out Contact Us CARRINGTON MORTGAGE SERVICES Home LoanProducts Become Approved BrokerCenter Resources amp Tools Welcome Page gt Pipeline gt Loan Details gt Product and Pricing Search gt Product and Pricing Result Optimal Blue 1308007503 New Loan ANDY AMERICA 1223 RODMAN WASHINGTON DC 20008 Product and Pricing Result Optimal Blue
16. n Initial Access to the Website Once approved by our company we will assign one or more Administrators from your office to manage the website The Administrator will manage user accounts update company information and add new users Important Note Users with Administrator Credentials can view all loans in your company s pipeline Users with Loan Officer Credentials will only be able to view loans associated with them When a new user is added the user will receive an email from us with a link to the website along with a log in name and a temporary password 1 Click the link provided in the email to open the website 2 Login to the website using your email address and the temporary password provided in the email 3 On the Change Password page create a new password NOTE Be sure to keep track of your new password Our company will not have access to it Start Using the Website Tools Welcome Karen Weidenbach Log Out Contact Us CARRINGTON MORTGAGE SERVICES Home Loan Products Become Approved Broker Center Resources amp Tools Welcome Karen View Pipeline Product amp Pricing Welcome to our website We look forward to putting our mortgage services to work for you We offer the best mortgage tools available on the Internet easy convenient online shopping for the best loan programs and most current rates available together with the assistance of an experienced live loan officer to guide you through the
17. nt sent via fax 1084A Cash Flow Analysis 1084B Partnership and Corporations Attached Files 2010 HUD 1 2010 itemization 442 Completion Certificate Affidavit of Title Affiliated Business Disclosure Amort Schedule Ending Summanes Amortization Schedule Complete Amortization Schedule Yearly Totals Appraisal Appraisal Notice Appraisal Review AVM Previous Comments Bankruptcy Papers Bankruptcy Schedules Broker Fees Confirmed CA Privacy Policy Disclosure Canceled Checks Collateral Security Package Sent Credit Authonzation Credit Explanation Credit Report Current P amp L Balance Sheet Current Paystubs Custom_information New Comments Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 15 All rights reserved Proprietary and confidential 4 Inthe Attached Files section click the Browse button 1 to select the document Weipome gt Pipeline Loan Deisis Hew Document Desis New Document Details Detument Name Bank Statements Fer Bonrower Alice Firstimer Document Sent wia faa ftlached Files lir aree C ede Fale io Winks Pe ee DL Loans r Firstimer Ace Save Cancel ore Merisage Rates Pretabie Forms Managemerd Team Lig Find an Aceoont Execute East Rate Sheets Wiest Regen Prig Pipeline Manager User Guide v2 August 2013 Carrington Mortgage Services LLC Mortgage Lending Page 16 All rights reserved
18. t the check box for the loan and then click the Undo Archive button located in the upper right corner of the pipeline Loan applications that have been denied are highlighted in pink An alert icon red flag also displays next to loans that have been suspended or denied by the underwriter Click this icon to view the date in which the loan was suspended or denied by the underwriter Encompass 360 User Manual v1 July 2013 Page 20
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