GFE Only: Important Dates

Located on the Good Faith Estimate (GFE), the Important Dates section will display several dates that can be entered by a user. Based on the setup in the Admin Site, these dates may be required in order to order initial disclosures in MortgagebotLOS.

·         Date of GFE: Based on the setup in the Admin Site, this date can be manually entered by the user or system generated. If system generated, the date will be grayed out and cannot be changed.

·         Interest Rate Available Through Date: This is the date the interest rate is available through for the GFE and is a manually entry. 

·         Estimate Available Through Date: This is the date the estimate for all other settlement charges is available through. The date will auto-populate but can be modified by the user.     

·         Application Received Date: This is the date the application was taken and is a manual entry.

·         1^st Date to Collect Fees: This is the date the loan originator may collect fees beyond the cost of the credit report for origination-related services and is a manual entry.   

·         Disclosure Delivery Method: This is the delivery method in which the initial disclosures will be sent to the borrower. Select the delivery method from the drop-down list: E-disclosure, Fax, In Person, Overnight Delivery, and US Mail. (If E-Disclosure is selected, the borrower’s email address must be entered on the Borrower Summary or the 1003 > Borrower tab.)

·         Initial Disclosure Received Date: This is the date the loan file is disclosed. The date is system generated based on the Disclosure Delivery Method selected by the user.

·         Date the Borrower Can Close After Initial Disclosure: This is the date the borrower can close on the loan file after the Initial Disclosure Received Date. This date is system generated and will calculate based on the Disclosure Delivery Method selected by the user.

·         Rate Lock Period Days: This is the number of days for the rate lock and can vary based on the setup in the Admin Site. The date can include the original lock period days on a lock, the lock extension period on a lock, a combination of the original lock period days plus the extension days, or be input as a manual entry.

·         Re-disclosure Received Date: This is the date the loan file is re-disclosed and only completed by the user when re-disclosing.

·         Date Borrower Can Close After Re-disclosure: This is the date the borrower can close after re-disclosing on the loan file. This date is system generated and will calculate a date three business days after the Re-disclosure Received Date.

·         Days Prior to Settlement Interest Rate Must Be Locked: This is the number of days prior to the settlement date of the loan that the rate must be locked and is manually entered by the user.

·         Re-disclosure Reason: This is the reason the loan file is being re-disclosed (change in circumstance) and is only completed by the user when re-disclosing.

Tip: Date fields may be entered manually or by utilizing the calendar icon to the right of the field.