b.o.l.t. training · 3/23/2020 · follow slides 7 –18 in lesson 14: issuing initial disclosures...
TRANSCRIPT
![Page 1: B.O.L.T. TRAINING · 3/23/2020 · Follow Slides 7 –18 in Lesson 14: Issuing Initial Disclosures Mountain West Financial, Inc. - B.O.L.T. Training - Lesson 23 –CalHFA CalPLUS](https://reader036.vdocument.in/reader036/viewer/2022071101/5fda5bd441b9f1020426d2d7/html5/thumbnails/1.jpg)
B.O.L.T. TRAINING
Mountain West Financial, Inc. - B.O.L.T. Training -
Lesson 23 – Price and Register CalHFA, CalPLUS, MyHome & Zip
15-MAY-18Lesson 14 - Issuing Initial Disclosures
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In This Training We Will Discuss
Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
• Pricing and Registering CalHFA, CalPLUS, MyHome & Zip
• Disclosure Process for CalHFA, CalPLUS, MyHome & Zip
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Price and Register: CalHFA, CalPLUS, MyHome& Zip
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Best Practice to complete prior to pricingEnsure Interview Date “lock” is unlocked. 00-A.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Best Practice to complete prior to pricingIn Disclosures screen, confirm Estimated Closing date is accurate00-B
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
In pricing screen, confirm borrower is a First Time Home Buyer1.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
In pricing screen on Property & Loan info tab, enter Appraised value and Sales Price2.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Select “Yes” for 2nd Financing3.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Insert LTV % of the first lien4.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Enter Loan amount for MyHome in 2nd Financing field5.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Set Loan Originator to “Borrower Paid”
Enter comp percent
6.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
To obtain Conventional programs, set the PMI Type to “Borrower Paid Monthly”7.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Click Price (located at the top and bottom of the pricing screen)8.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Select “go to 2nd lien" for the 1stCalPLUS lien program you want9.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
10. When the second lien program results screen appears, select “register” for the MyHome 2ndTD program.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Once loans are registered, proceed to the “Order Services” tab11.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Go to “Other Services” tab and click on “Create Zip 3RD”12.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Pop up window to create Zip 3rdConfirm Zip Loan amount and click “Create Loan” 13.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Zip 3rd has been createdClick “OK” to close window14.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Proceed to Disclosures15.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Order Initial Loan EstimateFollow Slides 7 – 18 in Lesson 14: Issuing Initial Disclosures 16.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
After Initial Disclosure for 1st are issuedProceed back to Pipeline17.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Locate and Click on 2nd loan number18.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Proceed to Disclosures19.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Order Initial Loan EstimateFollow Slides 7 – 18 in Lesson 14: Issuing Initial Disclosures 20.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
After Initial Disclosures for 2nd are issuedProceed back to Pipeline21.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Locate and Click on 3rd loan number22.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Proceed to Disclosures23.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Order Initial Loan EstimateFollow Slides 7 – 18 in Lesson 14: Issuing Initial Disclosures 24.
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Mountain West Financial, Inc. - B.O.L.T. Training - 06-Feb-20Lesson 23 – CalHFA CalPLUS MyHome & Zip
Loans waiting for Initial DisclosuresYou can see the 3 loans waiting for signatures in the “Initial Disc Waiting For Signatures” Pipeline
25.
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Mountain West Financial, Inc. - B.O.L.T. Training - 15-MAY-18Lesson 14 - Issuing Initial Disclosures