Cheatography
https://cheatography.com
LendingPad Critical Dates per role.
This is a draft cheat sheet. It is a work in progress and is not finished yet.
Loan Officer
*Prospect/ Lead -> Lead Received |
*Prequalified |
*PreApproval |
*Application Taken |
*Borrower Submission |
*Processing -> The date when the loan is approved with conditions from the external UW |
*Registered -> Register the loan at a lender. |
*Initial Submission - > LO submission to internal underwriting. |
*Condition Submission -> Advising internal UW that conditions have been uploaded. |
*CTC -> External UW. |
*Estimated Closing -> Contract or target closing date. |
*Withdrawn -> Adverse the file after pulling credit if no longer working with the file. |
*Incomplete -> No credit pulled, no longer working. |
*Intend to proceed -> Initial disclosures are signed by the borrower |
*LE Issued / LE Delivered (same date) -> Link Delivered in UWM, the date when LE is pushed out. |
*LE Delivery Method |
*LE Received -> Sign and Submit in UWM |
*LE Re-Disclosure Issued |
*LE Re-Disclosure Received |
*CD Issued / CD Delivered - Same Date (same logic with LE Issued/Delivered) |
*CD Delivery Method |
*CD Received |
*CD Re-Disclosure Issued (If locked – re issue) |
*CD Re-Disclosure Received |
*E consent -> The borrower signs the package |
*Appraisal Delivered |
NOTE: Please update every critical date of every loan with the right date and time.
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Underwriter:
Approved -> Loan approved to submit to the lender |
Denied - > After the conversation with the LO, the loan not moving forward. |
Not accepted -> When there are not enough docs to underwrite the file. |
Suspended -> Conditions needed to approve. |
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Closer:
Schedule Closing |
Estimated Funding / Disbursement |
Closed |
Funded |
Post Closing |
In Shipping |
Purchased |
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Do NOT complete:
NOTE: We are not using these critical dates for our process as of now.
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