The Post-Closing screen allows the user to track when recorded documents are received and sent to the Investor. Users may edit the Post-Closing screen after the loan has been finaled with the applicable user right (noted below) by clicking on Post-Closing from the left-side navigation under Forms & Docs.
The Post-Closing screen is divided into the following four sections:
· Loan Information
· Default Documents
· Additional Documents
· Storage Information
Loan Information section has the Loan Number, Borrower, Closing Date, and Funded Date which auto-populates based on data entered on other screens. Loan Number populates with the system generated Loan Number and Borrower populates with primary borrower’s name. Closing Date populates from the Closing Docs > Loan > Closing (Note) Date field and Funded Date populates from the Funding > Date Funded field.
The following fields in the Loan Information section are editable:
· Completed By – select the name of the user completing the Post-Closing screen.
· Title Insurer – select the Title Insurer.
· Follow Up Completed – enter the date the recorded documents have been reviewed and cleared.
· Title Commitment # - enter the Title Commitment Number.
· Paid In Full – enter the date the loan is paid in full.
· Settlement Agent File Number – enter the file number from the closing/settlement agent.
Click Tracking Info hyperlink to open the following additional editable fields:
· Shipping Method – enter the method of delivery for shipping.
· Tracking Number – enter the tracking number of the package.
Tip: Users associated with the correct User Rights Role (Post-Closing, Shipping/Post-Closing/I&G, or Clos./Fund./Coll./Ship./Post Clos./I&G/Serv.) in the Administrative Site will appear in the Completed By drop-down list.
Tip: Title Insurers are setup in the Administrative Site in Vendor Admin > Title Insurers.
Tip: The date fields may be entered manually or by utilizing the calendar icon to the right of the field.
Default Documents section displays items on their own lines with editable fields in the following columns:
· Date/Time Recorded – enter the date and select the time the document was recorded.
· Instrument/Book/Page – enter the Instrument #, Book #, and Page # for the recorded document.
· Ordered/Received/To Investor – enter dates for when the recorded document was ordered, received, and shipping to the Investor.
· Tracking Info – enter the Shipping Method and Tracking number of the package.
Additional Documents section displays items in a drop-down menu. Additional Documents can be added as needed by selecting the Document from the drop-down menu and clicking Add Document. Users complete the same editable fields that appear in the Default Documents when adding Additional Documents. Click Delete to remove Additional Documents.
Tip: Default Documents are items needed for every loan application. Additional Documents are items that may not be needed for every loan but may be needed for some loans.
Tip: Users sending one complete package with all documents to the Investor should use the Tracking Info hyperlink in the Loan Information section to enter the Shipping Method and Tracking Number for all documents. The Tracking Info in the Default Documents and Additional Documents sections should only be used when sending documents in separate individual packages to the Investor.
Shipping Information section allows users to track where documents are being stored. Users can select the Storage Facility from a drop-down list and enter the Label and Box number.
Tip: Storage Facilities are setup in the Administrative Site in Vendor Admin > Storage Facility.
Click Save/Close to save the information entered on this screen.
Click Cancel to discard changes made to this screen.
Click the Printer Icon next to Forms & Docs > Post-Closing to open a printable version of the Post-Closing screen.