This screen allows the user to view a loan's status and progression as it is managed and worked on. To view a loan's status, click on Loan Status in the left-side navigation menu under Status and Tracking. The status will appear in the lead dashboard under Loan Details, as well as on the loan pipeline. The following statuses will have a time stamp as well as a date (for reporting purposes and so multiple statuses can be updated within a single day):
U/W Received = U/W Conditions >U/W Status = Received
U/W Assigned = Assign Loan > When Lender Group = Underwriting
U/W Submitted = U/W Conditions > U/W Status = Submitted
U/W Resubmitted = U/W Conditions > U/W Status= Resubmitted
U/W Pre-Approved = U/W Conditions > U/W Status= Pre-Approved
U/W Suspended = U/W Conditions > U/W Status = Suspended
U/W Approved w/Conditions = U/W Conditions > U/W Status = Approved W/Conditions
U/W Conditions Pending Review = U/W Conditions > U/W Status = Conditions Pending Review
U/W Modified w/Conditions = U/W Conditions > U/W Status = Modified W/Conditions
U/W Final Approval/Ready for Docs = U/W Conditions > U/W Status = Final Approval/Ready for Docs
U/W Pending Second Review = U/W Conditions > U/W Status = Pending Second Review
U/W Final Approval/Ready to Fund = U/W Conditions > U/W Status = Final Approval/Ready to Fund
U/W Denied = U/W Conditions > U/W Status = Denied
Withdrawn = Denial/Withdrawn Letter > Cancel Withdrawn Date & Withdrawn by Applicant Checked Cancelled = Denial/Withdrawn Letter > Cancel Withdrawn Date & Withdrawn by Applicant not Checked
Closing Request Received = Closing Request Submitted
Docs Out = Closing Docs > Loan Tab > Closing Docs Outdate
Closed = Closing Docs > Loan Tab > Closing (Note) Date
Disbursed = Closing Docs > Loan Tab > Settlement Date
Closing Cancelled/Postponed = Closing Docs > Loan Tab > Cancelled/Postponed Date
Funding Request Received = Funding Request Submitted
Funding Received = Funding > Date File Received
Funded = Funding > Funded Date
Collateral Received = Collateral Tracking > Collateral Package Received
Shipped to Warehouse Bank = Collateral Tracking > Shipped to Warehouse Bank
Shipping Received = Shipping > Date File Received
Shipped to Investor = Shipping > Date Shipped to Investor
Shipped to Servicer = Shipping > Date Shipped to Servicer
Investor Suspended = Shipping > Date Suspended
Investor Cleared = Shipping > Date Cleared
I&G Received = I&G > Date Received
MIC/LGC Received = I&G > MIC/LGC Received
MIC/LGC to Investor = I&G > MIC/LGC To Investor
Purchased = Accounting > Purchased By Investor
Post-Closing Complete = Post-Closing > Follow Up Completed
Repurchased = Interim Servicing > Repurchased Date
Paid In Full = Interim Servicing > Paid In Full Refer to the following while editing and viewing a loan's status:
All sections of the Loan Status are available in the user's view
The site admin can control what sections the originators see in the admin site under System Admin > Other > Loan Status Setup > Loan Status Sections for Originator View
Users may edit the status if they have the Manual Loan Status & Edit Loan Status History user right.
Users may delete dates in one or more sections of the Loan Status if they have the applicable user rights.
Users may print the Loan Status page by clicking on the link in the top left-hand corner of the screen.