Forms & Docs > Hazard Insurance Request
The Hazard Insurance Request Screen allows users to generate a PDF request to send to a third party via e-mail or paper/mail. This screen may be accessed before and after the loan has been finaled.
The Hazard Insurance Request screen is divided into six sections, similar to the Appraisal Request and Title Request screens.
Sender/Recipient section allows users to enter the From (financial institution name, pre-defined in the Admin Site) and To (hazard insurance companies, pre-defined in the Admin Site).
If the Hazard Insurance Company was entered on the Vendor Info screen, then the To field will automatically populate. If the Hazard Insurance Company was not previously entered, upon typing a few characters of the desired company name into the To field, a correlating list of pre-defined companies will appear in a drop-down format to select from. This is also true for the From field in this section.
The Loan Information section displays basic loan data that has auto-populated from the Borrower Summary and 1003; these fields are editable, with the exception of the Loan Officer, Loan Number, and Lender Case #. Any data changed in these open fields will filter back to their correlating fields on the Borrower Summary, 1003, Appraisal Request, Title Request and Closing Docs.
The Loan Processor field lists a drop-down of all users defined within the Processor Role in the Admin Site to which the user may assign the loan file.
Tip: If a Processor has already been assigned to the loan file, their name will appear automatically in this field. No loan file may have more than one user, per role assigned to the file. (eg. If Joe and Amy are both processors, only one of them may be assigned to this loan file.)
Loan Officer will automatically populate the Originator assigned to the loan. This field is not editable.
Loan Processor drop-down list is available for users to select the Loan processor tied to the Title Request.
Listed below is some additional information regarding where the data is pulling from elsewhere in the LOS:
Estimated Closing Date auto populates from the 1003 > Other Data Tab > Other Data > Estimated Closing Date and the GFE > Estimated Closing Date fields
Loan Number auto populates the loan number. This field is not editable.
Lender Case # auto populates from the 1003 > Government > Agency Case Number for FHA and VA loans
Purpose of Loan auto populates from the 1003 > Property > Purpose of Loan and Borrower Summary > Purpose of Loan fields
Property Address auto populates from the 1003 > Property > Subject Property Address and Borrower Summary > Subject Property Address fields
Property Type auto populates from the 1003 > Property > Property Type and Borrower Summary > Property Type fields
Number of Units auto populates from the 1003 > Property > Number of Units field
Occupancy auto populates from the 1003 > Property > Property Will Be and Borrower Summary > Property will be fields
County auto populates from the 1003 > Property > County and Borrower Summary > County fields
Legal Description auto populates from the 1003 > Property > Legal Description field
Sales Price/Value auto populates from the 1003 > Transaction Details > Purchase Price and Borrower Summary > Sales Price/Value fields
Appraised Value auto populates from the 1003 > Other Data > Property Appraised Value and Borrower Summary > Appraised Value fields
Loan Amount auto populates from the 1003 > Terms > Mortgage Amount and Borrower Summary > Base Loan Amount field
Borrower/Co-Borrower Information section displays only the borrower’s information. This information auto-populates from the Borrower Summary and 1003 and may be edited. If any information is edited or added it will automatically update those correlating fields on the following screens: Borrower Summary, 1003, Appraisal Request, Title Request, and Closing Docs.
Owner/Seller section allows the entry of basic owner/seller information for the loan file. This information will automatically transfer to the Appraisal and Title Request screens. If any information is edited or added on the Owner/Seller section, the other two request screens will automatically update.
Vendor Information section allows the entry of the Listing Agent and Selling/Buyers Agent information and any changes made here will populate back to the other two request screens. If the Listing Agent and Selling/Buyers Agents were added on the Vendor Info screen they will auto-populate. If the Listing Agent and Selling/Buyers Agent were not previously entered, upon typing a few characters of the desired Listing Agent or Selling/Buyers Agent into the designated fields, a correlating list of predefined choices will appear in a drop-down format to select from.
Additional Information section allows users to enter additional information outside of the previous 5 sections:
Flood Zone can be selected from the Flood Zone drop-down list or if the Flood Zone was previously entered on the Flood Hazard screen and will auto populate the Flood Zone field. The Flood Zone field can be edited will transfer to the Appraisal and Title Request screens.
Type of Insurance drop-down options are Hazard, Wind/Storm, Flood. If a loan file requires a combination of the three types, the user may select one type and type in Special Instructions what additional types are to be included with the request. If the loan file requires a combination of the three types and they are requesting from different companies, the user will need to complete one request and generate the document, then repeat the steps within the Hazard Insurance Request screen for the 2nd request.
Insurance Escrows Waived will auto-populate from the 1003 > Other Data > Will Escrow be Waived field, and edits made on this screen or the 1003 will filter back and forth to one another.
Mortgagee Clause will auto-populate when set up in the Admin Site. If any attachments are included and/or required, users can select the options here.
Special Instructions can be added if applicable.
Click Save/Close to save the information entered on this screen and generate an electronic form for printing/mailing or emailing to the appraiser/appraiser company.
Click Cancel to discard all changes made to this screen and return the display to the Loan Dashboard.
Click the printer icon next to Forms & Docs > Hazard Insurance Request to open a printable version of the Hazard Insurance Request.