Final is used to submit the loan from the Originator view to the Lender view within the LOS. To final submit a loan, select Actions > Final. A pop-up window will appear asking the user: Are you sure you want to final this loan? Once the loan is finaled, its 1003 data may only be edited by the Lender.
If the request is being made by a Lender user, the pop-up window will ask: Are you sure you want to force final this loan? Click Ok to confirm the request. Click Cancel to void the request.
If a loan is not in a Final status, Lender users will not have the ability to edit the following areas of the file:
· Borrower Summary
· 1003
· GFE
· TIL
· Order AUS
· Order Initial Disclosures
· Order Redisclosure Package
· Order Flood
· Edit loan and borrower details on the Request Screens
· Transfer Loan
· Access Underwriting Conditions/Decision
Tip: A loan cannot be finaled if the loan is currently in the Final status.
The following user rights may prevent a user from finaling a loan file:
· Require HMDA data prior to Final or Require Loan to be Registered
· Locked Prior to Final Submit
A pop-up window will display which logic must be completed, and the user must complete the action in order to Final the loan.
Final
Require HMDA data prior to Final
1003 edit after Final Submit and prior to any U/W Status/Decision
1003 edit after Final Submit and prior to U/W Status/Decision of U/W Approved with Conditions, U/W Approved Ready for Docs or U/W Approved Ready for Funding
1003 edit after Final Submit (before/after U/W Status/Decision)
Require Loan to be Registered or Locked Prior to Final Submit