Vacation Home Mavent is calculating MI for life of loan – conventional. Mavent is coded to drop off MI at 78% for First Lien, Primary Residence, Single Family (Units =1) conventional loans. For loans where the property type is listed as Conventional SECOND/VACATION HOME, Conventional INVESTMENT PROPERTY, or Conventional MULTI UNIT PROPERTY (UNITS = 2-4), …
Create and Use your own administrator primary elevated account to change Freddie Mac and Fannie mae credentials of other users
Use the left top menu burgar bar create new user with access and after creation again from left top burgar menu select modify user profiles and selected administrator privileges as ‘primary elevated’.
How to change Freddie mac Loan closing advisor password
Go to primary elevated account administrator and from the left top menu option with https://www.screencast.com/t/GVxHYq0lat Select a system account like dmcain_lclasys2sys2 and enter a new password.
Mavent failure Order vs Preview
Order Vs Preview If you are running order and fail but pass on a preview there have been changes to the file since the last disclosure. Mavent is looking for a new disclosure to be run in order to pass. REVIEW/ORDER: an Order utilizes the last disclosed information and compares it to what is currently …
How to add Fannie mae user and reset password for UCD collection
use technology manager of fannie mae admin to create user and then provide applications like UCD to that user. In reset password always type username, never copy paste otherwise it will not work.
Loan folder setup and visibility
Use loan folders to organize your loans into groups. You can create folders to group loans by categories such as month of origination, loan status, or loan type. When you generate reports and view information on the Dashboard, you can select which folders to include. Keep this in mind when you are planning, creating, and managing …
Maven failures GFE DTI ATRQM Fees Variance
In compliance review, a few maven failures are LE baseline and CD baseline and final fees showing GFE DTI issues. The best way is to match fees using a new disclosure for LE and if necessary to CD with valid COC reasons. One way is to exclude recent disclosure from the timeline using Disclosure Tracking …
Auth code randomly generated and now it is disabled to change
In Encompass loan file, auth or authorization code is automatically generated because of company status online and now it is disabled and you can not change. One workaround is to change email address of that borrower or coborrower for which it is disabled. Then it may allow to change auth code.
Mavent failure 5000952 5000954 and 5000955
First go to disclosure tracking and take note of LE sent date received date etc. Now, try to create a new manual LE disclosure by clicking ‘+’ icon in Disclosure tracking. It should be in ‘Details’ ‘sent method’ is ‘In Person’. In Reasons section-> select ‘Change circumstances’ Reason->Revision requested by consumer and enter …
LOconnect establishment
First, be sure you are using a VPN if you are outside of the USA as the amazon server blocks access of loconnect from outside of the USA. Open below link in mobile browser or desktop browser. https://idp.elliemae.com/authorize?client_id=tirykwfo&redirect_uri=https%3A%2F%2Fwww.encompassloconnect.com%2F&response_type=code&scope=loc Login with your encompass client id. If you already have ‘PingID’ app on your mobile then great, …
