New Mexico Mortgage Finance Authority
Contents
1. CRernnne E Loan Info Number in Household 1 Acquisition Cost Ets Number of Wage Eamers 1 Additional Info Appraised Value Mortgagor Originator Phone 505 hzer Eze originator Fax 05 eae Lender 1st Mortgage Loan Number fp Interest Re RierestRals 40000 0000000 Submit NOTE Key all information in CAPITAL LETTERS 1 Loan Information The information on the Mortgagor to be keyed on this screen is as follows use Tab key when moving from field to field All of the following fields MUST be completed unless otherwise specified below Mortgagor First Name amp Middle Initial key in information Mortgagor Las Name key in information Social Security No Dashes do NOT have to be entered Loan Amount key in information Purchase Price key in information Improvement Cost key in information HUD Bank Repo repair escrows if applicable g Acquisition Cost key in information if HUD Bank Repo Purchase Price Improvement Cost if standard purchase Purchase Price h Loan Type select appropriate entry from drop down box a All second mortgages will have a loan type of Conventional Uninsured i Date Expected Closing key in information format of MO DA YEAR 10 01 2015 can be skipped j Number in Household key in information 224 E D Number of Wage Earners key information Monthly P amp I Paymen2. Servicer Select the servicer from the drop down menu Required MFA REQUIRES THE DATA ON THIS PAGE TO BE COMPLETED IN ORDER TO RUN REPORTS FOR RECOGNITION PURPOSES When all information is complete click Mortgagor or Next MFA Primary Borrower Information Run 09 23 2015 12 13 PRIMARY MORTGAGOR INFORMATION Prior Home Owner Date of Last Occupancy wore mm CurrentAddress Ethnicty Wnite Screens nagresst Hispanic or Latino AddessZ ce Property I Male Options wemee Years Schoomng 12 Reset Humber of EDE Ned Occupation SELFEMPLOYED V Back Years in Profession Submit Income Type Monthly Income 1 System Help Logoff 4 The Borrower s name and social security number will already be completed from the previous screens The information to be keyed on this screen is as follows a Prior Home Owner Required yes or no Has Borrower owned a home in the past three years Date of Last Occupancy leave blank Current Address key in information where borrower is living currently optional City key in information optional State key in information optional Zip key in information optional Home Phone key in information Including Area Code optional Work Phone key in information Including Area Code optional Ethnicity select from drop down box 1 Ifborr
3. 80 days Run 09 24 2012 11 38 Your Password has Expired Enter your Original Password then enter a new password and then retype the password for a consistency check If you do not know your old password Please contact your program administrator Options Submit Original Password fs Verify New Password fF System Help Logoff If you have not signed on to the on line reservation system for 180 days the below message will appear Your user account 15 no longer active For further information please contact your program administrator Before accepting the loan reservation the system will check to make sure that the following conditions are met 1 Purchase Price Limits Table Subject to change from time to time A list of purchase price limits by household size is provided on the MFA Program Fact Sheets Subject to change from time to time 2 Income Limits Table A list of county income limits by household size is provided on the MFA Program Fact Sheets Subject to change from time to time 3 County Code The system checks to make sure the county requested is applicable to the allocation selected 4 Applicable Fields Completed fields must be completed unless specified in the directions The system will prompt if a field is mandatory and has been left blank The mandatory fields MUST BE COMPLETED as this data will be used by the MFA in approving or disapproving the reservati
4. ION 09 14 2015 RESERVATION 09 14 2015 MFA 22 Chapter 4 Printing Documents 23 Printing Documents Click on the Print Documents Button Retrieve a Loan 102723 Lender Loan Number The below screen will pop up and you will choose the document that needs to be printed The Forms are color coded based on status of the loan and the forms that are available to print Run 08 23 2015 17 43 Forms Not Yet Printed for this Loan Forms Previously Printed for this Loan that May be Reprinted Forms Mot Yet Available for Printing for This Loan Options Back Menu System Help Logoff Click on the form to be printed and the system will think for a while then the following screens will pop up 24 File Edit View Favorites Tools Help gt gt x 7 Login to Your Account E My Intranet Housing Ne Login ExpressionEngine Home MFA Housing Compiling Data Please Wait MITAS Done Compiling Displaying Results MITAS Do you want to open or save document PDF 89 1 KB from 10 172 172 37 Cancel Choose Open and print the document or Save and you can save the PDF document to a folder 25 Chapter 5 Retrieve A Loan Retrieving a Loan A loan or DPA grant may be retrieved for correctional purposes or if the lender wishes to cancel the loan Click on the View Loan Detail New Loan Registration View Loan Pipeline gt View Loan Detail gt Address Mainte
5. ZAN 1 MFA Housing New Mexico New Mexico Mortgage Finance Authority Housing New Mexico s People Since 1975 Online Reservations User Manual Table of Contents Chapter T ee 3 ACCESSES 4 Obtaining User ID ane PaSSW ON OS 666 5 Logging into the Online SystemM 6 e ocu 7 Entenns a I a 9 ren 9 Chapter 2 Reserving the First Mortgage Loan nennen enne nennen ness 11 Oon In onna On CTER 12 Property Information Sr een siae 13 AddiUonal N 14 Primary Borrower Information 15 Co Mortgagor and Other Mortgagors 16 Submitting the Reservation 17 Chapter 3 Reserving the Second Mortgage Loan 19 Reserve Second BUE DOTL aaa 20 Loan Information Screen 20 Additional Information 21 Printing DOCH 23 PAINE 24 Retreat 26 gt PEE IU inni 27 Chapter gt Cancel A RESERV rioni 30 Cancelling 31 Chapter 7s Additional FO BS 32 Vew Feria PCM NER TNT 33 P C 33 Chapter 1 Accessing the System Accessi
6. ance gt Reports Main Menu System Help Logoff The lender will be able to run reports 33 gt Open Conditions gt Loans by Status ER tans Small Data Export System Help gt Large Data Export Logoff The reports were all made by the vendor of the on line reservation system and were made to help lenders throughout the United States gather information If additional information is needed that is not available in these reports please call MFA and someone in the Homeownership Department can assist you 34
7. argeted Area YES or NO System defaults to NO Please see MFA guidelines for Targeted Area Census Tracts and change to YES if appropriate i Division Area Skip ne E ga Construction Information j New Existing etc select appropriate entry from drop down box Construction Type select appropriate entry from drop down box Construction Style system will default to One Unit Detached Change if property is a Condominium or Town Home Year Built key in information optional Lot Size SKIP Number of Units defaults to 1 Number of Rooms key in information optional Number of Bedrooms key in information optional Number of Baths key in information optional Ww AOD OB E When all this information is complete click Additional Info or Next Additional Information Additional Info O P MLW148 Run 09 23 2015 12 02 Additional Information Builder Name ABC Realtor Company XYZ Buyer Agent Porky Pig Loan Officer Foghorn Leghorn servicer IDAHO HOUSING amp FINANCE ASSOC w Co Mortgagor 3 The data on the Additional Information Screen is to be keyed as follows a Builder Name Required for New Construction c Realtor Company Required for all loans If home is For Sale by Owner field must be completed d Buyer Agent Required for all loans If home is For Sale by Owner field must be completed e Loan Officer Required f
8. ate 09 14 2015 09 14 2015 MFA 18 Chapter 3 Reserving the Second Mortgage Loan Reserve Second Button Run 08 23 2015 14 08 The following screen will pop up Choose the appropriate program allocation for the second mortgage First Home or DPA Grant Next Home Grant File Edit View Favorites Tools Help Er Login to Your Account My Intranet Housing g Login ExpressionEngine g Home Housing Ne og T 9g p ng Run 08 23 2015 14 37 Click on the Back button to return to the Loan Status Screen or Click on Programn from the list below if available amp Allocations Available Amount Current Rate 59 996 400 00 Main Menu MORTGAGE 9 993 000 00 6 0000 System Help Loan Information Screen Enter the second mortgage loan amount or the Grant Amount Grant Amount will be 3 0 of the final loan amount including mortgage insurance if FHA of the Next Home First Mortgage Then click the Next Button OVP MLW145 08 23 2015 14 38 LOAN INFORMATION Mortgagor First Name amp MI Loan Amount Loan Conventional Insured Puma Price uH an Loan Info CE erty Additional Info Morigagor Co Morigagor Date of Expected Closing improvement MoDa Acquistion cost amman Numberin Howser Appraised Value Number of Wage Eamers Options Reset Next Lender ist Mortgage Loan Num
9. ber Interest Rate Interest Rate 20 Additional Information The below screen will pop up so that the Servicer can be chosen 1 First Down Second Mortgage Servicer MFA 2 Next Home Grant Servicer Idaho Housing and Finance Association Run 08 23 2015 18 14 Additional Information Builder Name ABC Realtor Company XY Z Screens Loan Info Loan Officer Foghorn Leghorn Servicer IDAHO HOUSING amp FINANCE ASSOC w Buyer Agent Pig tional Info Co Mortgagor Options gt EE EC Next SO Submit 21 Click the Submit button and the loan detail screen will come up again with the second mortgage MFA loan number or DPA Grant ID Number To reserve another loan click on Main Menu and start the process over again O P MLW123 MFA Housing New Mexico E JSCreens Options Retrieve a Loan 102724 Back Lender Loan Number Run 08 23 2015 18 22 Main Menu System Help Logoff Loan Amount 3 600 00 Interest Rate 0 0000 Purchase Price 125 000 00 Reservation Expiration Date 11 13 2015 Program NEXT HOME GRANT sub Program Allocation Next Home Grant Underwriter Unknown Closer NONE Originators MFA Originator Branch MFA Property 123 CARROT LANE ALBUQUERQUE NM 87102 Mortgagor Name Social Security Number BUGS BUNNY XXX XX 4444 LOLA BUNNY XXX XX 4444 Loan Status Date INCOMPLETE APPLICAT
10. e Submit button to obtain a successful reservation If there is a Co Mortgagor key in the information on this screen as follows Do not enter Co Signer Information a First Middle Initial and Last Name key in information b Social Security Number dashes do not have to be entered c Current Address key in information where borrower is living currently d City key in information MFA 16 State key in information Zip key in information Home Phone key in information Including Area Code Work Phone key in information Including Area Code Ethnicity select appropriate entry from drop down box I If borrower is Hispanic or Latino check box Gender click on button for appropriate choice Marital Status select appropriate entry from drop down box Co Mortgagor s Date of Birth key in information format of MO DA YEAR 10 01 2015 Must enter 2015 NOT 15 m Age at Application key in information Years Schooling key in information o Number of Dependents key in information Not listed by borrower p Occupation select appropriate entry from drop down box q Yearsin Profession key in information r CreditScore key in information s Income Type system defaults to Base Income from drop down box Monthly Income key in information v Other Household Income Skip pra Ww ct After completing this screen click the Submit button to obtain a successful reservation Note T
11. ery 180 days Logging into the Online System If all the information you have entered on the Originator Logon Screen is correct select the Login button If not correct move back to appropriate field or click the Clear button and try again Internet Loan Reservation System Web Profile Lender MFA Originator Branch Housing New Mexico Username e Password sd Password is case sensitive 7 The Online Reservation 5ystem is only available for loan reservations Monday through Friday from 9 00 am to 5 00 pm M5T 4 This is secured web site with all data going up and down the phone lines scrambled or encrypted A Security information dialog box may be displayed The certificate you are viewing does not match the name ofthe site you are trying to view A secure connection with this site cannot be verified Would you still like to proceed Click or YES Audit Checks After the Login button is selected the Username and Password will be verified If you try to use this system without an assigned Username and Password or the incorrect password is typed you will not be able to proceed beyond this point The following screen will appear The information you entered does not match our records Click the Back button to return to the login screen Back If your password has expired the following screen will appear the system will require you to change your password every 1
12. he Co Borrower screen has that capability to put in up to 6 co borrowers Submitting the Reservation 6 7 8 Click the Submit button If the loan has been succesfully entered the following screen will pop up and the system will assign an MFA Loan ID Number If the application is NOT accepted it does not meet one of the audit checks An error message will pop up stating what might be incorrect Click on the Loan Application button and fix the error or if you can t figure out why the system does not accept the reservation call an MFA Homeownership staff member If the loan has been successfully entered the following screen will come up and the system will assign an MFA Loan ID Number However this is not the reservation commitment The lender will print the Loan Reservation Lock Commitment or the DPA Grant Reservation Commitment from the secure system by clicking on Print Documents Run 08 23 2015 14 08 Retrieve Loan 102723 Lender Loan Number Loan Amount 120 000 00 System Help Interest Rate 5 0000 Logoff Purchase Price 125 000 00 Reservation Expiration Date 11 13 2015 Program NEXT HOME CONV Sub Program Allocation First Mortgage Underwriter Unknown Closer NONE Originators MFA Originator Branch MFA Property 123 CARROT LANE ALBUQUERQUE NM 87102 Mortgagor Name BUGS BUNNY LOLA BUNNY AXX XX A4444 AXX XX A4444 INCOMPLETE APPLICATION RESERVATION D
13. ministrator to obtain access to the MFA On Line Reservation System a All employees that will need access to the On Line Reservation System Document Imaging portal will need to obtain a password i e Loan Officers Processors Closers and Shippers If the employee does not have their own individual user name and password they will not be able to submit documentation electronically 2 MFA will accept Reservation Requests on a first come first served basis for the Programs from 9 00 am to 5 00 pm MST Monday through Friday except on holidays via the On Line Reservation System the Lender will confirm the Reservation by printing the appropriate Commitment via the On Line Reservation System User Web Profile 1 Web Profile o The System will default to Lender 2 Originator Number o The originator number is a one to four digit number representing the lender number MFA assigned to your organization when approved as an MFA lender digits must be completed 3 Branch Number o The Branch Number is the originator number followed by 1 2 3 4 5 or 6 etc 4 User Name and Password o The user name must be entered in ALL CAPS this field is case sensitive on the Originator Logon Screen User names will be your first amp last name JOHN DOE o Passwords are case sensitive on the Originator Logon Screen if the password is not entered correctly an error will occur The system will require you to change your password ev
14. nance gt Reports WEB User Maintenance System Help Logoff The loan or DPA grant may be retrieved 1 of the following ways 1 MFA Loan Number enter in Retrieve loan and click Retrieve button 2 Clickon the Cross Reference button Run 09 23 2015 18 01 Retrieve a Loan Lender Loan Loan Amount 00 Interest Rate 0 0000 Purchase Price 00 Main Menu Program System Help Sub Program Logoff Allocation 27 Enter Name Last or both Last and First then click on Search Run 09 23 2015 18 05 Enter part or all of the mortgagor name and click search to begin your search Last Name Main Menu System Help Logoff Then the loan you want to retrieve will show in the list that pops up Run 09 23 2015 18 07 Click on the name below you wish to retrieve Run 09 23 2015 18 08 Retrieve a Loan 102723 Lender Loan Number Menu Loan Amount 120 000 00 System Help Interest Rate 5 0000 Logoff Purchase Price 125 000 00 Reservation Expiration Date 11 13 2015 Program NEXT HOME CONV At this point you can click on the Loan Application button and retrieve the data entry screens to make corrections i e loan amount 28 Corrections to loan can only be made up until the loan is in Compliance Approval Status Be sure that if the loan amount address etc has changed from the time of reservation yo
15. ng Secure System Internet Address https www housingenm or Add site to your Favorites In order to go to this site with relative ease in the future add the above Internet Address to your Favorites Follow your Internet Provider s instructions for setting up Favorites Choose Program 1 MFA HOME page Available Funds will show what programs and interest rates are available This is live information 2 Click on the Current Rates Lenders Links E Reservations Online Login di Current Rates 3 The following table will pop up Current Rates FIRST HOME GOV T FIRST HOME CONV FIRST DOWN NEXT HOME GOV T NEXT HOME CONV NEXT HOME GRANT 3 875 4 250 6 000 4 7530 4 000 0 000 First Mortgage First Mortgage First Down Second Mortgage Pirst Mortgage First Mortgage Next Home Grant 4 Click on Reservations Online Reservations Online Login di Current Rates Obtaining User ID and Passwords As part of the lender approval process an Administrator from each lender is chosen The Administrator will have access to the system to set up new personnel and deactivate personnel that are no longer employed There is a separate training manual for the Administrator that is provided upon lender approval 1 Lender must obtain a sign on which will be a user name and password for the On Line Reservation System Employee requesting password must contact the designated lender Ad
16. on MFA also has reporting obligations and may need this data at a later date Entering a Reservation The next screen that will be displayed will have five 5 menu items to select from Select New Loan Registration for reserving a loan The other items could be selected at any time after the loan has been reserved gt New Loan Registration gt View Loan Pipeline gt View Loan Detail Address Maintenance gt Reports Main Menu System Help Logoff Choose Program a Single Family First Home or Next Home Choose a Program First Home Conv First Home Gov t Next Home Conv and Next Home Gov t b Allocation type First Mortgage Once the First Mortgage has been reserved choose the program for the DPA if applicable c Allocation type DPA Second Mortgage or Grant Click on the Back button to return to the main menu or Click on a Program from the list below if available MFA MFA Program Type Available Amount Current Rate FIRST HOME CONV 60 000 000 00 4 2500 NEXT HOME CONV 39 880 000 00 5 0000 FIRST HOME GOVT 59 900 000 00 3 67 90 NEXT HOME GOVT 50 000 000 00 4 7500 6 Chapter 2 Reserving the First Mortgage Loan Loan Information Screen Loan Infa Run 09 23 2015 11 38 LOAN INFORMATION MFA MortgagorFrstName amp wr BuGS LastName Bunny mortgagor SSN 22 2 4224 Housing New Afexien 120000 00__ Date cesna
17. ower is Hispanic or Latino check box Gender click on button for appropriate choice orga Marital Status select appropriate entry from drop down I Date of Birth key in information format of MO DA YEAR 10 01 2015 Must enter 2015 NOT 15 MFA m Age at Application key in information n Years schooling key in information o Number of Dependents key in information p Occupation select appropriate entry from drop down box q Years in Profession key in information r Credit Score key in information s Income Type system defaults to Base Income from drop down box t Monthly Income key in information u Other Household Income Skip When all information is keyed click Co Mortgagor or Next Co Mortgagor and Other Mortgagors FIRST CO MORTGAGOR OR OTHER Co Mortgagor Name ex John R Doe SSN Must be Unique Among Co Mortgagors LOLA BUNNY gre a Mortgagor CO MORTGAGOR Ethnicity Hispanic or Latino Gender Female Male Marital Status Date of Birth MM DD Y YY Age at Application Years Schooling gt Screens Loan Info Property Additional Info Martrsnar E Co Mortgagor Options Reset Back Submit Number of Dependents Occupation Years in Profession Income Type Monthly Income Credit Score L__ BASE INCOME v Main Menu System Help Logoff 5 Ifthere is nota Co Mortgagor click th
18. t system will calculate Term system will default to 360 Originators Phone number key in information Originators Fax number key in information Lender 15 Mortgage Loan Number optional Interest Rate defaults to the interest rate of the program selected 9 DOT When all this information is complete click Property or Next Property Information Screen OVP MLW 148 Run 03 23 2015411 52 PROPERTY INFORMATION Ses aber and Name i O City ALBUQUERQUE 8 state zi Screens Census Tract Lookup nan C Lu County Code Division _ Targeted Area Mortgagor Co Mortgagor MFA CONSTRUCTION INFORMATION New or Existing Construction Single Family Detached V Onions conce et Reset Attached Structure LotSize Next Number of Units Number of Baths Back Number of Rooms Square Foot Residence Submit Number of Bedrooms 2 The data to be keyed on this screen is as follows All of the following fields MUST be completed unless otherwise specified below Street Number key in information Street Name key in information City key in information State System defaults to NM Zip key in information Census Tract key in information or select Lookup optional Needs to be keyed in if loan is in a Targeted Area County Code select appropriate entry from drop down box T
19. u retrieve the loan and make corrections prior to submitting the package for Compliance Approval 29 Chapter 6 Reservation Cancellation 30 Cancelling a Reservation Retrieve the Loan Click on Cancel Commitment Run 09 23 2015 18 08 Retrieve a Loan 102723 Lender Loan Number Main Menu Loan Amount 120 000 00 System Help Interest Rate 5 0000 Logoff Purchase Price 125 000 00 Reservation Expiration Date 11 13 2015 Program NEXT HOME CONV Select the appropriate reason that the loan has been cancelled and click on the Submit button The loan has been cancelled MLW138 Run 08 23 2015 18 38 If you do not want to cancel the Loan Application please click on the Back button otherwise select the reason for cancelation from the following drop down box and click on the Submit button Options Reason to Cancel Borrower denied did not qual Back Submit Main Menu System Help Logoff MFA will still cancel the loans in house if the lender chooses to call and talk to a Homeownership staff member 31 Chapter 7 Additional Features View Loan Pipeline Messages gt View Loan Detail gt Address Maintenance gt Reports Main Menu System Help Logoff A lender will be able to view their pipeline and find out the status of any loan Reports gt New Loan Registration M gt Miew Loan Pipeline gt View Loan Detail gt Address Mainten
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