Show Menu
Cheatography

LendingPad Critical Dates Cheat Sheet (DRAFT) by

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*Withdrawn -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.

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.

Closer:

Schedule Closing
Estimated Funding / Disbur­sement
Closed
Funded
Post Closing
In Shipping
Purchased

Do NOT complete:

Servicing
Rescinded
NOTE: We are not using these critical dates for our process as of now.