GFE Fees Management - Low VA Rates Intranet
Contents
1. Settlement or Closing ABC 0 00 la 00 p 00 Eh 555 555 5555 Edit Delete Title Insurance Y de 0 00 o 00 0 00 Settlement Management Services Title Insurance Retained Settlement Clg Fee Retained ix The next column to right is named Evaluation Here you will find information regarding the status of each evaluated fee x Ifa fee fails the evaluation it will show Fail in red text The tab on which the failure occurred No F poo 0 00 o oo Mo i i Some fees will trigger a Warning If a fee has a warning the corresponding tab is highlighted in yo ow X1 Wearing Credit report fee has not been entered xii Fees that pass the evaluation will not display text in the Evaluation Column The farthest column to the right is named Comments Here you will find any important information regarding the fee evaluation Appraisal Yj 200 00 xiii Comments Wearing Credit Report v boo T 500 7 7 mv Warning laminar fee has not been entered 4 Fee Block Tabs 1 The first tab is Origination Charge 11 This tab contains GFE Box 1 and GFE Box 2 fees Ong ination Required Title Service amp Customer Govt Escrow interest Prepaids Charge Services Insurance Selected Recording Services GFE Box 1 FMC Origination Charge Total 0 00 APR Fee eS Comme2. 245000 00 24500000 200 00 923 00 0 00 0 00 246323 00 0 00 0 00 0 00 0 0 2530000 00 0 00 2530000 00 Loan Information Loan Amount mf 250900 00 Exdude PMLMIP Funding Fee ot Changing he base loan amount impact te values and other loan amount calculatans When updaing fils feld the form will autosawe to recalculate these values HELOC Information Undrawn HELOC Amount For he subject property only other Credits Lender cred 0 0 Mod Please dick Tie paveMWalidae Changes bu on do update fils value 0 00 0 00 XX This tab has fields that can be edited such as purchase price loan amount and subordinate financing xxi The summary information can be hidden by clicking the Hide Headers button located above the tabs Page 1 Details Loan Details Details of Transaction xxii The summary information can be unhidden by clicking the Show Headers button Show Headers Select Fee Profile 3 Fee Input Layout 1 Below the summary information there are 7 tabs that contain fee blocks From left to right these tabs are Origination Charge Required Services Title Service amp Insurance Customer Selected Services Govt Recording Escrow and Interest Prepaids ti Each Fee Input tab is laid out similarly There are several columns that contain important information for each fee 111 The left most column is the APR fee column If there is an asterisk
3. Origination Charge Required Services Title Service amp Customer Selected Govt Recording Escrow Interest Prepaids Insurance Services 2 The Fee Block tab with the rejected fee will be highlighted in red 3 Click on the red tab to see which fee failed and the corresponding failure message 30 Select Fee Profile Table Funded Lender Paid Purchase PreQual Y Fees Evaluation Fees Rejected Apply Fees Origination Charge Required Services Title Service amp Customer Selected Govt Recording Escrow interest Prepaids Insurance Services E GFE Box 6 Required Services that you can shop for 200 00 Ti ASC Survey e oo bha g Coo GG po no F y Failure Loan Purpose Purchase Fee ls equirad 4 You will not be able to submit the loan to Freedom Mortgage Corporation 14 Submitting an approved file 1 Return to your pipeline and find the loan that just passed the GFE Fees Evaluation ii Click on the loan number from within the pipeline view oe gs00 000 cony WA leila wa ii SS r l Loan n EA bi 455 on 20461466E ae sooo ya WA ae WA Loan Actions TF Lio T a a AR O a NA Actions 0046149522 Four Test 500 000 boar Purchase N A Created Actions Y 0046149514 500 000 Loan Refinance N A Created T 004614 os Lkwtst Gobo 250 000 Loan Refinance N A Created Actions 0046149456 200 000 Loan Purchase N A Created 11 The loan will now be highlighted in gree
4. FREEDOM MORTGAGE Corporate Training Department Freedom Mortgage Corporation 2 17 2015 Table of Contents E aS Se eS PY RS dd a a pao ao e DM F WwW ON gt gt SO Acc ssine the GFE Fee Entry amp A 2 ASE o ee 3 NA PP EE 8 Pes Block Tasas 10 AAA 14 Crean es OS a 14 ME RN AP Pu EA 18 Delta Pcia 19 PPP e 20 Requestino a Pes QUO een a ee eer eee ee ee ee E ee er ee 21 Uploading 5 UO mein TOC tie AS spcrn nn E caeauaentesasscetueassedaueneeed nease 28 Fe Ei AORN ROG AAA A acacia cena e o A 29 FCG Evaltation Resultats 30 Supe an apro Sd HS aig ctr cg EN 31 eo PP A E E E 33 O A E E O e e O O RO A 34 1 Accessing the GFE Fee Entry amp Evaluation 1 To access the GFE Fee Entry amp Evaluation enter http freedomwholesale com into your web browser or click the Sales Portal link on the intranet page 11 To log into the site enter your User ID and Password 3 Freedom Mortgage Who FHA Connection Accountemps MD Title CJ Imported From IE 11 Access your loan pipeline using the Pipeline link under Quick Links or search for the loan manually via Loan Lookup ala Daily Rates Pipeline LOAN LOOKUP Register Loan Enter 10 digit loan number 0123456789 to view loan Product Guide File Upload ED Or Enter Borrower Last Name Your Contacts Forms and Disclosures iv Using the Actions dropdown menu on the left side choose Fee Entry and Evaluati
5. 0 00 boo Flood Insurance Premium i 00 0 00 T Your Adjusted Origination Charges 5602 50 B Your Charges for All Other Settlement Services 1 523 00 Total Estimated Settlement Charges 920 50 Viewing Fee Details for Loan 0046140498 Save Valdate Changes Tite Charge Estimates Retum to Pipeline vi Once this button is clicked the Fee Evaluation will run and the Fees Evaluation indicator will show either Fees Rejected in red or Successful in green 29 13 Fee Evaluation Results 1 If the fee evaluation is successful 1 The Fees Evaluation will say Fees Approved Select Fee Profile Table Funded Lender Paid Refinance Y BB cles Fees Evaluation Fees Approved Apply Fees Ongination Charge Required Services Title Service amp Customer Selected Govt Recording Escrow Interest Prepaids Insurance Services 2 All of the Fee Block tabs will be either blue or yellow 3 Blue indicates all fees in that Fee Block tab have passed 4 Yellow indicates that a warning is present on that tab 5 Warnings are given for fees that may or may not be required depending on the loan product and subject property location 6 You can now submit the loan to Freedom Mortgage Corporation 11 If the fee evaluation is not successful 1 The Fees Evaluation will say Fees Rejected Select Fee Profile Table Funded Lender Paid Purchase PreQual Y Apply Fees Fees Evaluation Fees Rejected
6. Current 3 260 5250 000 00 DTI LTW 0 000 0 000 1 429 CLTW GFE Details Required Quoted Points TPO Compensation Finance Charge 142 627 20 1 429 HCLTV 0 000 Interest Finance Amount 3249 060 00 Total Prepaid Charges 3940 00 Total Payments 391 687 20 Fee Method GFE Block 1 GFE Block 2 GFE Line A If you would like to change compensation details for this loan please edit the loan Comp Method Borrower Paid 0 000 Originator Processing Fee Points Origination Fee 0 00 Freedom Origination Charges 0 00 xvi This tab contains summary information for the loan such as rate loan amount and LTV xix The tab to the right is titled Details of Transaction Detalles of Transaction a Purchase Price b AMerafons improvements Repairs e Land d Refinance inc deb s lo be pald af e Estimated Prepald hems Estimated Closing Cost J PML MIP Funding Fee h Discount Read only please see Discount Pont in he dee grid L Total Coste Read only sum of elds a 11 Subordinate Financing k Closing Costs Paki By Seller L Oher Credits Sum of Oher Credits 5ean m Loan Amount Exdude PMI MIP Funding Fee n PHIL MIS Funding Fee Financed Please go do fe Mi screen do obtain accurate Mi funding amount 0 Total Loan Amount Read only sum of elds mn p Cash From To Borrawer Read only diference of elds Lo kJ 0 00 0 00 0 00
7. Table Funded Lender Paid Purchase F Clap pe a No O Credit Report i a redit Stuff te per pe e Settement or Cka Pira T EY Add Service Provider ell aba Purchase ii Click the Delete Fee button to the right Edit Fee Profile Service Loan nay Fees Provider Purpose oo A A 2 lappraisalBl esocolasc purchase Other frokerfio A as Fea E credit Report 25 00 credit Stuf purchase other rok Return to Edit My Profile 11 A dialogue box will appear asking to confirm if you wish to delete Click yes to continue Are you sure you want to delete this fee profile 1v Once you are done adding or editing the desired fees click the Freedom Mortgage Corporation logo at the top of the screen to return to the home page 19 Processor Pam Edit My Profile Logout af HOLESALE DIVISION For Assistance Click Here Edit Fee Profile Service Loan Paid pa Fee H Edit Fee z Provider Purpose To oa O pra potope Purchoe wr Prapa Paes ree reporeBlas 00 rece Sta Purchase other erokero Return to Edit My Profile 9 Adding a Service Provider 1 To add a service provider click the Add Service Provider link _ GFE Box 4 Title Services and Lender s Title Insurance IA ee Settlement or Closing 4 a o bho g a bo g m Title Insurance no E E No Settlement Management Services O O No Title Insurance Retained O m O G ves Settlement Cisg Fee Retained a Of m O O ves Y 1
8. The Date of GFE and Originator Email should match the GFE submitted for evaluation v Choose the date of the initial GFE by clicking in the field and selecting the date Borrower Originator Address 10500 Kincaid Drive Property Address Fishers IN46038 Originator Phone o Date of Initial GFE 03 17 2015 Originator Email O March 2015 Su Mo Tu We Th Fr Sa 1 The interest rate for this GFE is available through _ After this time the interes 2 B Ta 05 6 E7 Origination Charges and the monthly payment shown below can change until you lock your int En i Ev pa 14 2 This estimate for all other settlement charges is available through 03 31 2015 mn 3 After you lock your interest rate you must go to settlement within e NIA days your rate lo En ES En ES Eg EX En interest rate EN En En vi The Important Dates section should match the GFE submitted for evaluation Important Dates The interest rate for this GFE is available through After this time the interest rate some of your loan Origination Charges and the monthly payment shown below can change until you lock your interest rate 2 This estimate for all other settlement charges is available through 03 31 2015 3 After you lock your interest rate you must go to settlement within ES NIA days your rate lock period to receive the locked interest rate Wa 4 You must lock the interest rate at least cn days before settlement vil Importa
9. w foo g po bo E ro Pest Inspection vid w g w o bo o po No 7 ii Click this icon to upload a document 11 Browse for the file you want to upload selecta document to upload Choose File Ho file chosen iv Choose the file to be uploaded v Click the upload button vi The uploaded documents are now visible in the document center located in your loan pipeline 28 12 Fee Evaluation Process Please note that it will be most beneficial to run the GFE Fees Evaluation at the time of the initial GFE Running the Fees Evaluation based on a COC GFE may result in an inaccurate finding i Ensure all Page Details are correct GFE date should be within 3 days of application date Originator Email lock period and escrow selection should match your most recently disclosed GFE ii Input all fees exactly as disclosed to the borrower on your most recent GFE and allocated as described in Fee Input Layout 111 Fees can be input manually imported via the Fee Profile or by importing Title Charge Estimates iv Ensure all supporting documents for Customer Selected Services are uploaded if necessary v Click the Save Validate Changes button on the bottom left of the screen AA TN eje POC sae POC Pry POC Other _ POC Aiiae Evaaton Comments Per Diem Interest 525 17 per day Eco 00 boo loo loo No T for 20 days A SA A TN a as a ac I Hazard Insurance Premium de 200 00 boo
10. County Clerk Cashier s Check Money Order Required from remitters with previous history of bad checks Drivers License number required on poersonal checks Calculator Results Block 4 Response Settlement or Closing 5350 00 Priority Title of Dallas Priory Tite of Dlls Block 5 Response Owner s Title Insurance Priority Title of Dallas Block 6 Response Block 7 Response A PE Block 8 Response 25 xv You can choose any combination of recommended services by clicking the check box to the left of the suggested services Calculator Results Block 4 o Owner s Title Insurance 3 2 A e 00 Priority Title of Dallas 5398 00 Recording Mortgage Fee S142 00 26 xvi Once you have selected the fees you want to use click the Import Selected Fees button Calculator Results Block 4 Response 2 settement or Closing s350 00 Priory Tue or Das 52 122 00 Prerty Tae of Datas Block 5 Response Owner s Title Insurance 2 722 00 Block 6 Response 398 00 Block T Response xvii The selected fees will now be imported into the fee input screens 27 11 Uploading Supporting Documents 1 Under the Customer Selected Services tab the far right column contains a green arrow facing upward Origination Charge Required Services Title Service amp Customer Selected Govt Recording Interest Prepaids Insurance Services GFEBOx6 Box 6 Required Services that you can shop for Fee _
11. Deed Pages 3 Consideration Amount 433333 00 Number of Grantors Grantees 0 Number of Surnames Signatures O e Mortgage Mortgage Refinante Mortgage Deed of Trust Pages 30 New Debt Amount 325000 00 Original Amount of Debt Being Refinanced 0 00 Unpaid Balance of Debt Being Refinanced 0 00 Number of Grantors Grantees O Number of Surnames Signatures O 11 Review the information provided for GFE Blocks 4 amp 5 for accuracy Please note that Blocks 4 amp 5 are only present for purchases iv By default Settlement Services and Lenders Title Insurance are checked for refinances and Owner s Title Insurance is chosen as well for purchases 22 Important Notice Estimates are subject to change based on ban parameters at the time of submission Address 123 Test St Dallas TX 75227 County Dallas Recording Office Dallas County Y Loan Number 0046145371 GFE Blocks 44 5 Loan Purpose Purchase Policy Type New Policy Amount 325000 0 Settlement Services Purchase Price 433333 00 v You may elect to not choose these services by clicking the appropriate check box vi Review the information for GFE Block 6 for accuracy vil You may elect to choose a survey or pest inspection by clicking the appropriate check box GFE Block 6 Year Built 1990 Lot Sre acres 0 25 Survey 2 Other Inspections Other Inspections Other Inspections Other Inspections Pest inspection EJ Other Inspections Oth
12. present this indicates the fee is included in the APR calculation a oo Ancillary Document Prep TX FMC Origination Charge BB Contract Processing Mortgage Broker Compensation B a oo Yield Spread Differential v The next column to the right contains the service provider information if necessary For information regarding adding a service provider see Adding a Service Provider Settlement or Closing ABC J loo 0 00 Ph 555 555 5555 Edit Delete Tite Insurance oe boo Settlement Management Services ru Title Insurance Retained Settlement Clsg Fee Retained vi The next several columns are for fee entry The fees can be allocated in the Buyer Seller 3 Party or Other columns Settlement or Closing ABC Ph 555 655 5555 Edit Delete Title Insurance Settlement Management Services Title Insurance Retained Settlement Clg Fee Retained vil To the right of each column is a check box to indicate if a fee is POC Settlement or Closing ABC boo boo boo poo Ph 555 555 5555 Edit Delete eS acess v po poo o 0 00 Settlement Management Services Title Insurance Retained Settement Cisg Fee Retained vill To the far right of the fee entry column is a column named Affiliate Choose from the dropdown box to indicate if a fee is an affiliate fee
13. 1 A dialogue box will appear CC vie Add Service Provider 20 10 Save Validate Changes Tite Charge Estimates Return to Pipeline 111 The service provider name and phone number are mandatory iv Click Apply to complete the service provider addition Requesting a Fee Quote i Click the Title Charge Estimates button at the bottom of the screen Comments i A a es m a Ee e ane Fee Jo Local O O O Q No Taxing Authority OA O Your Adjusted Origination Charges ze Your Charges for All Other Settlement Services Total Estimated Settlement Charges Viewing Fee Details for Loan 0046149498 21 11 This opens a dialogue box Important Notice Estimates are subject to change based on loan parameters at the time of submission Address 123 Test St Dallas TX 75227 County Dallas Recording Office Dallas County Y Loan Number 0045145371 GFE Blocks 44 5 Loan Purpose Purchase Policy Type New Policy Amount 325000 0 Settlement Services Y Lenders Title Insurance Y Owners Title Insurance Y Purchase Price 433333 DD GFE Block 6 Year Built 1990 square Footage 1500 Lot Size acres 0 25 Survey e Other Inspections Other Inspections Other Inspections Other Inspections Pest Inspection Other Inspections Other Inspections Other Inspections Other Inspections Other Inspections Other Inspections Other Inspections Other Inspections GFE Blocks 74 8 Deed
14. E e r Fa sae E er Ff x11 To add another fee repeat steps 6 iv through 6 xi 17 7 Editing a Fee 1 To edit a fee choose which fee you wish to edit via the checkbox to the left of the desired fee Edit Fee Profile Ml Fee Fee Service Provider Loan Purpose Paid To Paid By Affiliate a le EL MA OM O 7 Table Funded Lender Paid Purchase Ek pp No D Credit Report l p500 Credit stuff pects per p O a A e ii Click the Edit Fee button to the right of the screen Edit Fee Profile Service Provider Loan Purpose Paid To Paid By Affiliate Ml Fee Fees aa A O O O E Table Funded Lender Paid Purchase Ch id ai E seat No E credit Report i pooo redit Stuff Purchase Other Broker No ii Settlement or Closing Closing Purchase T Purchase Other T omer F Br ker T ji 11 You can change any parameter of the selected fee For further information see steps 6 1v through 6 x1 Service Provider Loan Purpose Paid To D Survey survey lso Ja Pape rurenase Table Funded Lender Paid Purchase Y Table Funded Lender Paid Purchase i O 2 a a E kredt repot soo rede Sta purchase other roker o 18 8 Deleting a Fee 1 To delete a fee choose the fee you wish to delete by clicking the checkbox to the left of the fee Edit Fee Profile Ml Fee Fee Service Provider Loan Purpose Paid To Paid By Affiliate o eee Sa fa kopai sooo ag areas other Broker
15. ected Govt Recording Escrow Interest Prepaids Insurance Services BE o O Box 4 Title Services and Lenders Title Insurance Sl Settlement or Closing Title Insurance Settlement Management Services 7 gt O poo bo G O a no T F Title Insurance Retained O Yes O Yes GFEBox5 ners Title Insurance Total MIN 00 Be fee efron Owners Title Insurance poo bo G bo bo No rv o o O O O O Ssettlement Clsg Fee Retained vi This tab contains GFE Box 4 and GFE Box 5 fees vil he fourth tab is Customer Selected Services Origination Charge Required Services Title Service amp Govt Recording Escrow interest Prepaids insurance GFEBox6 Box 6 GFEBox6 A Services that you can shop for Total 0 00 A A ci a a all Survey Customer Selected Services Pest Inspection se re Lead Paint o Borrower Attorney oo G poo G bo G ooo Homeowner Association 5 o 5 o Well Inspection a a a 4 o O oO Roof Inspection O o Wold O oO po boo po 16 ooo Gg po E po E fo m poo poo poo 1G poo po po Asbestos Drywall Manufactured Hsg Inspection oe QT 5 o o o Inspection Certification O O Home Waranty O O Water Inspection O o lia Df ae HD HD im ROAD inal E a l O o m i
16. ee is paid via the dropdown box in the Paid To column Edit Fee Profile Fee Fee Service Provider Loan Purpose Paid To B Survey Bl esoo testtest Purchase Broker ender Nes SEE G Arrais sooo tc TS father Broker No Table Funded Lender Paid Purchase Y EA ret Report IO e Stl purchase Jother Broker ho nai 1 TA RE Deeg peee y Zr IES eee Add Service Provider a O Please sales Broker Lender Other ix Choose who the fee is paid by via the dropdown box in the Paid by column 16 Service Provider Loan Purpose Paid To Paid By Affiliate a e a lt a aa oo i ne Table Funded Lender Paid Purchase Settlement er Closing 20 Solih x Choose whether the fee is an affiliate fee using the radio button under the Affiliate column Ml Fee Fee i i Loan Purpose Paid To Paid By Affiliate urvey Purcha Broker Lender es s E test Purchase Broke Lende pees O A A A Table Funded Lender Paid Purchase E credit Repor 25 00 Credit Stuff Purchase Pee Bir dm Settlement or Closir 7 200 Purdi nma a 7 Add Service Provider a al x1 Click the Save button Ml Fee Fee Service Provider Loan Purpose Paid To Paid By Affiliate G Survey esoo ftesttest Purchase Broker Lender Wes A 25090 ase pame Joer roer fo Table Funded Lender Paid Purchase T A P Tan rune Lender Pait puaa YS edir repor osoo forest purchase fother faroker ho i 5 ment or Chisi Y AA Purchase T Broker
17. epr son test puters pri broke gO Return to Edit My Profile v Select the desired fee from the dropdown under the Fee column 15 Edit Fee Profile ma Fee Fee Service Provider Loan Purpose Paid To Paid By Affiliate O Survey as00 testtest Purchase Broker Lender Appraisal E 250 00 ABC Purchase Other Broker No Table Funded Lender Paid Purchase T D feed Repor soo reas purchase other faroker e K E esca ESO ESP SEA O Please Select hia 2 A Settlement or Closing Surve Pest Inspection Contract Processing Fee Title Ire ance elddeloidouaal Fees vi Input the fee amount under the Fee column Edit Fee Profile Service Provider Loan Purpose Paid To Paid By Affiliate Ml Fee Fees fSfsuveyM oo estat Purchase Broker lender aur ROG andes Paid Foe O erratic M 250 00 fm Pie bw le E credit Report Bl 95 00 CreditStuf portasse Pier peker le etilement or Closir jpo Purchase Please select YF Please select YF wa E e Please Select Add Service Provider EX O a la O vil Select an existing service provider from the dropdown menu if desired To add a service provider see Adding a Service Provider Edit Fee Profile Service Provider Loan Purpose Paid To Paid By Affiliate iz Fee Fee O survey psoo Table Funded Lender Paid Pure nae e U e E Other mia No ru i Lef 1 Purch O redit Report I po redit Stuf Pure m _ ABC Te Csing VAS Pest Gi vill Choose to whom the f
18. er Inspections Other Inspections Other Inspections Other Inspections Other Inspections Other Inspections Other Inspections vill You can also add up to 6 additional inspections by using the dropdown menu next to Other Inspections ix Review the information for GFE Blocks 7 amp 8 for accuracy x You may select a Deed quote by selecting the check box x1 You may select either Mortgage for a purchase transaction or Mortgage Refinance for a refinance GFE Blocks 7 4 8 Deed Pages 3 Consideration Amount 433333 00 Number of Grantors Grantees O a Number of Surnames Signatures 0 Z mortgage L Mortgage Refinance Mortgage Mortgage Refinance Morigage Deed of Trust Pages 30 New Debt Amount 325000 00 Original Amount of Debt Being Refinanced 0 00 _ _ Unpaid Balance of Debt Being Refinanced 0 00 Number of Grantors Grantees 0 FO Number of Surnames Signatures 0 23 xii On a refinance transaction be sure to input the Original Amount of Debt Being Refinanced xiii Once you have selected the appropriate services and ensured all information is accurate click the Search button Important Notice Estimates are subject to change based on loan parameters at the time of submission Address 123 Test St Dallas TA 75227 County Dallas Recording Office Dallas County YT Loan Number 0046145371 GFE Blocks 4 amp 5 Loan Purpose Purchase Policy Type New Settlement Services Y Lenders Ti
19. l interest and any mortgage amount owed can rise to N A The maximum it can ever insurance rise rise to is N A Does your loan have a prepayment penalty Yes your maximum prepayment penalty is N A Does your loan have a balloon payment Yes you have a balloon payment of N A due in N A years xii The loan amount loan term interest rate and initial monthly payment are all editable To do so click in the field and input the desired numbers xiii The ARM negative amortization prepayment penalty and balloon payment information are all editable as well To do so click the appropriate radio button and edit the fields to the right to match the most recent GFE xiv Please note all of this information will pre populate based on the uploaded loan parameters xv The escrow account information should match the submitted GFE Escrow account information Some lenders require an escrow account to hold funds for paying property taxes or other propertyrelated charges in addition to your monthly amount owed of 1 157 79 Do we require you to have an escrow account for your loan No you do not have an escrow account You must pay these charges directly when due Yes you have an escrow account lt may or may not cover all of these charges Ask us xvi To change the default selection choose the appropriate radio button xvii The middle tab is titled Loan Details Loan Fees Type APR Mortgage Amount
20. n from within the pipeline view oe se E cara ll A Tn Actions T 0046149456 TETE PIT va O 31 iv Click the Upload Submit Loan Docs link Under the Wholesale Document Center beneath the pipeline view Click Y to expand View Real Time System Docs 4 View Electronic Loan File Docs Y Upload Submit Loan Docs heee v You will now have the ability to select the Initial Submission package Please note that 1f the file has failed the GFE Fees Evaluation this dropdown box will not be present Click Y to expand 4 View Real Time System Docs 4 View Electronic Loan File Docs y Upload Submit Loan Docs Select a document name a Initial Submission Package k vi Choose the initial submission package documents by navigating to the file located on your computer vii Hit the Upload Document button 32 15 viii A dialogue box will appear Check the bottom checkbox to complete the submission process Please note that you will not be able to adjust the fees on the GFE Fees Evaluation after you submit the file to Freedom Mortgage Corporation Upload Submit Loan Docs Acceptable file format PDF amp Zip Please be sure the file is mot password protected or encrypted File size restricted to 50 Mbs Select a document name Initial Submission Package YF Select a document to upload Choose File No file chosen Upload Document Check to disable the Background Upload and continue
21. nt dates 1 and 2 are selected in the same manner as the Date of the Initial GFE above viii Important date 3 is your lock period On a floating loan the default value is N A and the lock icon will look like this E On a locked loan you can enter the lock period to match your GFE and the lock icon will look like this ix Important date 4 should match your most recent GFE On a float it defaults to 7 days but can be edited On a floating loan the lock icon will look like this e On a locked loan the lock icon will look like this On a locked loan important date 4 will default to N A x To edit the lock status of important dates 3 and 4 from their default values click on the lock icon to make changes to the number of days if applicable xi The summary of your loan section should match the submitted GFE Summary of your loan Y our initial loan amount is 250000 00 A Your loan term is 30 years A Your initial interest rate is 3 950 Y lr Y our initial monthly amount owed for principal interest 1186 35 permonth lt and any mortgage insurance is Can your interest rate rise P no Yes it can rise to a maximum of N A The first change will be in N A months Even if you make payments on time can your loan ll Yes it can rise to a maximum of N A balance rise Even if you make payments on time can your monthly Yes the first increase can be in N A monthsand the monthly amount owed for principa
22. nts z FMC Origination Charge W Fees In Transaction r Contract Processing Mortgage Broker Compensation W GFE Box 2 Your Credit or charge Total 0 00 APR Fe IO ETC A Discount Point E 5 Temporary Buydown Origination Credit E Yield Spread Differential OA Your Adjusted Origination Charges 0 00 EE Your Charges for All Other Settlement Services 375 00 Total Estimated Settlement Charges 375 00 111 The second tab is Required Services Onginaton Charge Required Services Title Service amp Customer Selected Govt Recording Escrow Interest Prepaids Insurance Services EFE Box 3 GFE Box3 Required Services that we select Total 375 00 00 IA acl ais id a Appraisal ezo bo Bo Credit Report E O 0 00 570 poo po E poo poo poo c po E poo po E p oo poco E poo G o oo poo S po Tax Related Serice T O MIP PMIVAFFi Guaranty Fee Flood Determination Compliance Inspection Wenfication Fees Homebuyer Education Condo Cuestionaire Cer Wenfication Fee Escrow Holkdback Inspection Subordination Fee Second Appraisal poo E poo poo poo 0 po lo bw Je po Jo bw le po Jo bw le ooo Short Sale Admin Fee Builder Fee Property Inspection Waiver 5 z i iv This tab contains GFE Box 3 fees v The third tab is Title Service amp Insurance 11 Ongination Change Required Services Title Service amp Customer Sel
23. on for the loan you wish to evaluate Aeons doossisasa7icvie S2s0000 Va fm poro bast WA 250 1597WWA fictions Y Joosei54779 624204 200 000 conn a poro poro WA ws2s pass Wa Actions w onastsasSsSionay 250 00 Pha roan poro baet WA 375 iasewa A fs epee sero Fast pmen za pe mp Seri TT AT CC A TT EN Order New Appraisal OM Next Page gt lt Previous Page Last Page gt gt 2 Page Layout 1 Three blue tabs are displayed near the top of the screen The current tab is a darker blue color than the other two tabs 11 The first tab to the left is titled Page 1 Details It resembles the Page 1 details of the current GFE Borrower Originator Address 10500 Kincaid Drive Property Address 123 Test St Fishers IN46038 Atlanta GA30314 Originator Phone Date of Initial GFE 03 17 2015 Originator Email Important Dates The interest rate for this GFE is available through mmidi YYY After this time the interest rate some of your loan Origination Charges and the monthly payment shown below can change until you lock your interest rate 2 This estimate for all other settlement charges is available through 0381 2015 3 After you lock your interest rate you must go to settlement within NIA days your rate lock period to receive the locked interest rate a AG L You must lock the interest rate at least days before settlement Summary of your loan Your initial loan am
24. ountis 250000 00 Your loan term is 30 years Your initial interest rate is 3 950 Mo Your initial monthly amount owed for principal interest 1186 35 permonth and any mortgage insurance is Can your interest rate rise No Yes itcan rise to a maximum of N A The first change will be in N A months Even if you make payments on time can your loan i Yes tcan rise to a maximum of N A balance rise Even if you make payments on time can your monthly Yes the first increase can be in N A monthsand the amount owed for principal interest and any mortgage monthly amount owed can rise to N A The maximum it insurance rise l l can ever rise to is N A Does your loan have a prepayment penalty Yes your maximum prepayment penalty is N A Does your loan have a balloon payment Yes you have a balloon payment of N A due in N A years Escrow account information Some lenders require an escrow account to hold funds for paying property taxes or other propertyrelated charges in addition to your monthly amount owed of _ 1 186 35 Do we require you to have an escrow account for your loan No you do not have an escrow account You must pay these charges directly when due Yes you have an escrow account lt may or may not cover all of these charges Ask us 111 The items with a red asterisk are required before submission for fee evaluation and are editable to match your most recently disclosed GFE iv
25. ox 10 Daily Interest Changes Total 200 00 00 Dl cS ll Per Diem Interest G bo g bo boo mo v GFE Box 11 Homeowner s Insurance Total 0 00 00 a El Hazard Insurance Premium rH bole J po Flood Insurance Premium B00 o o o o a xiv This tab contains GFE Box 10 and GFE Box 11 fees xv Special note regarding Per Diem Interest 13 Xvi Input the per diem interest amount to match your GFE 5 Fee Profiles i Fee profiles are used to quickly add common fee amounts for specific fees 11 Profiles can be set up for different loan types lender paid purchase lender paid refinance borrower paid purchase and borrower paid refinance 111 The first time you log onto the system you will need to create fee profiles if you wish to use them iv A fee profile can be added by choosing the correct profile from the dropdown box v Once a fee profile is successfully added you will see a message in green Select Fee Profile Table Funded Lender Paid Refinance T Apply Fees ees present in the profile have been applied Validate Most Recent Disclosed Fees successfully 6 Creating fee profiles 1 Click Edit My Profile at the top of the page za My Profile Logout For Assistance Click Here HOME LOAN CENTER wih RATES PRODUCT GUIDE ABOUT FREEDOM CONTACT Us FORMS amp DISCLOSURES HELP ti Under Fee Profiles at the bottom of the page click the Fee P
26. pa Septic Inspection HOA Gondo Cert 5 o o rr vill This tab contains GFE Box 6 fees ix The fifth tab is Govt Recording 12 Ongination Charge Required Services Title Service amp Customer Selected Govt Recording Escrow interest Prepaids insurance Services MIES Box T Goverment Recording Charges Total 0 00 00 a Recording Deed Fee local po o po Jo po Jo po No 7 Recording Office Recording Mortgage Fee Local 00 G O o O mov Officea Recording Releases Fee Local u O O O mo e Misc Recording Fees Looe O o o O mv Office Georgia Residential Mtg Ln Fee fo Jo m lo m lo bo le w7 HCE Box amp Transfer Taxes Total MIN 00 me me eye ee ee Transfer Tax local po o bo Jo fo Jo bo o mv Taxing Authority x This tab contains GFE box 7 and GFE box 8 fees x1 The sixth tab is Escrow Ongination Required Services Title Service amp Customer Govt Recording interest Prepaids Charge insurance Selected Services MIES Box 9 initial Deposit for Your Escrow Account Total 0 00 00 A ac ao ln a al al Aggregate Acct Adjustment g Curent Tax Installment g g g O Taxes Paid by Closing Agent O O O O No F Escrow Deposit o o o a mw 7 xii This tab contains GFE box 9 fees xiii The seventh tab is Interest Prepaids Origination Charge Required Services Title Service amp Customer Selected Govt Recording Interest Prepanis Insurance Services GFE B
27. rofile Management link 14 Update your profile information below Once your changes are complete simply click the Submit Changes button Changing your password and security question is optional required fields EDIT MY PROFILE First Name Last Name Fax Number E mail Address Confirm E mail Address Current Password New Password Confirm New Password Password must be at least 6 characters and contain at least one letter and one number Security Question Last 4 digits of Social Security Number Security Question Response Second Security Question i Second Security Question Reponse Manage Email Subscriptions Please check the boxes next to the email oe Loan Status Lock Expiration notifications you would like to receive Notifications Notifications wtredit the Fee Profiles SUBMIT CHANGES 11 Select a fee profile using the dropdown menu Tabde Funded Borrower Paid Refinar Y Peace Select Tab Funded Lender Paid Purchase Table Funded Lender Paid Refinance Table Funded Borrower Paid Purchase Table Funded Borrower Paid Refinance Return to Edit My Profile iv Click the Add Fee button to the far right of the screen to begin adding fees Edit Fee Profile Service Loan Paid Fee Fee Affiliate Provider Purpose To Edit Fee arar y Burvey 25 00 fst test Purchase BrokerLanderes Eee Y Appraise Ml ps0 00 asc purchase other Brokeriuo agallas ans r
28. tion please contact Adam Chandler directly at 1 800 220 3333 EXT 3301 or Adam Chandler FreedomMortgage com b If you are unable to reach the primary contact immediately please contact your Account Executive for assistance 34 FREEDOM MORTGAGE 35
29. tle Insurance Y Purchase Price 1433333 00 GFE Block 6 Year Built 1990 square Footage 1500 Survey Other Inspections Other Inspections Pest Inspection Other Inspections Other Inspections Other Inspections Other Inspections GFE Blocks 7 amp 6 Y Deed Policy Amount 325000 0 Owners Title Insurance Lot Sze acres 0 25 Other Inspections Other Inspections Other Inspections Other Inspections Other Inspections Other Inspections Deed Pages 3 Consideration Amount 433333 00 Number of Grantors Grantees 0 Number of Surnames Signatures D Mortgage Mortgage Refinance Mortgage Deed of Trust Pages 30 New Debt Amount 325000 00 Original Amount of Debt Being Refinanced 0 00 Unpaid Balance of Debt Being Refinanced 0 00 Number of Grantors Grantees 0 Number of Surnames Signatures 0 24 xiv Another dialogue box opens that contains the recording office contact info at the top Important Notice Estimates are subject to change based on loan parameters at the time of submission US Postal Delivery Service Courier Delivery Attn Real Estate Recording Attn Real Estate Recording Dallas County Clerk s Office Dallas County Clerk s Office Records Bldg 2nd Floor Records Bldg 2nd Floor Dallas TX 75202 3502 Dallas TX 75202 PHONE 214 653 7099 FAX 214 653 7176 INTERNET http fwww dallasc ounty org department c ounty clerk county clerk php MAKE CHECKS PAYABLE TO Dallas
30. with traditional document upload elsase select to indicate your complete initial submission package is ready for lala few Minimum document requirements must be met before selecting this option Al er document uploads will be considered supplemental documents for review gt ix A special note regarding Warehouse files and Purchase Prequalification submissions The GFE Fees Evaluation is not required for both of these file types prior to submission and will not be available to choose from the dropdown menu in your pipeline view Helpful Hints If your box 1 and box 2 totals are off and you have financed MI please ensure that you have the MI marked as Financed Yes under the MI action dropdown in pipeline view Once done return to pipeline view and refresh prior to entering GFE Fee Entry from the action menu then click Save Validate to pull in the correct information If you are unable to submit your initial submission package on a prequalification please ensure that the loan purpose says Prequalification in your LOS and re upload your FNMA 3 2 file If your box 2 total is off make sure you are inputting the amount of discount credit not the box 2 total displayed on your GFE If your evaluation is failing due to the initial GFE date please be sure you are inputting the date from your initial GFE and not the date of any subsequent GFEs 33 16 Questions a If you have any questions regarding how to use the GFE Fee Evalua
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