The Transfer Loan screen allows a user to transfer a loan file from one originator's pipeline to another originator’s pipeline.
To transfer a loan, select Actions > Transfer Loan. The Loan Number and Borrower Name will display. (If no Loan Number appears, ensure that there is a loan number on the 1003 > Terms tab > Loan Number field.) In the Originator field, begin typing the name of the originator whose name the loan is being transferred to. A rolodex of correlating originators will appear with names that contain the letters that have been input. Select the correct originator and click Submit. The display will return to the loan dashboard for the transferred loan.
If the user does not have access to view the loans in the new Institution or Originator name then the display will return to the loan pipeline.
Tip: Once a loan has been finaled the originator is no longer able to transfer a loan but a lender can do so if they have the applicable user rights.
Transfer Loan