The Shipping screen allows the user to track the delivery of a loan to an Investor along with any suspension conditions. Users may edit the Shipping screen after the loan has been finaled with the applicable user right (noted below) by clicking on Shipping.
The Funding screen is divided into the following sections:
1. General Information – users can update the following fields with the applicable information:
a. Date File Received - enter the date the file is received in the Shipping Department.
b. Date Suspended - enter the date the file is suspended by the Investor.
c. Date Cleared - enter the date the file is cleared by the Investor.
d. HUD Received - enter the date the HUD is received.
e. Amended HUD Ordered - enter the date a corrected HUD is requested.
f. Amended HUD Received - enter the date the corrected HUD is received.
g. Target Ship Date - enter the desired shipping date.
h. Date Packaged - enter the date the file is assembled.
i. Shipper – select the Shipper from the drop-down list.
2. Investor Information – the Lock Expiration, Due to Investor, Investor, Investor Loan Number, Commitment Loan Number, Servicer, and Servicer Loan Number fields automatically populate based on the date entered on the Investor Lock screen. Users can enter the Date Shipped to Investor and HUD to Investor fields and select the Shipping Method (Data Transmission, Image or Overnight) from the drop-down list. The Carrier and Tracking Number fields will open for user entry after a Shipping Method is selected.
3. Servicer Information – users can update the following fields with the applicable information:
a. Servicer – select Servicer from the drop-down list.
b. Servicer Loan Number – enter the assigned loan number from the Servicer.
c. Date Shipped to Servicer – enter the date the file is shipped to the Servicer.
d. Shipping Method – select the Data Transmission, Image or Overnight from the drop-down list.
e. Carrier – field opens for user entry after Overnight is selected for Shipping Method. User can enter the overnight service used to ship the package.
f. Tracking Number – field opens for user entry after Overnight is selected for Shipping Method. User can enter the tracking number of the package.
g. Payment Sent To Servicer - enter the date the payment sent to the Servicer.
h. Payment Amount - enter the amount of the payment sent to the Servicer.
4. Suspension Conditions – populates with conditions based on the setup in Admin. User can enter the Condition Date, Date to Investor and Date Cleared to track the status of the conditions. Delete will remove a condition from the list of Suspension Conditions.
5. Adhoc Conditions – user can add additional conditions that have not been pre-defined as a Suspension Condition in Admin by typing a description in the Condition field. User can enter the Condition Date, Date to Investor and Date Cleared to track the status of the conditions. Delete will remove the condition from the list of Adhoc Conditions.
Tip: The date fields may be entered manually or by utilizing the calendar icon to the right of the field.
Click Add Conditions to select from a list of pre-defined conditions that have been setup in Admin. Mark the check box to select the condition and click Add Selected. The pre-defined conditions will appear in the list of Suspension Conditions.
Click Add Adhoc to add more conditions to the Adhoc Conditions section.
Click Save/Close to save the information entered on this screen and return to the Dashboard.
Click Cancel to discard all changes made to this screen.