Creating Your Loan

Video Tutorial

Step By Step Tutorial

From the main navigation, click Add New Loan. 

Select the Loan Officer and Loan Processor. 

IMPORTANT: If you are using the disclosure generator, the Loan Officer that will be disclosed is listed on the Loan Originator Information on the URLA and not the assigned Loan Officer. 

Next, you will choose who will be responsible for generating disclosures, Broker or Lender. 

You will choose whether to manually create your loan or import an existing MISMO 3.4 file. If importing, you can Drag and Drop or Click to Browse for the MISMO file. Click Next to review the loan creation summary.

IMPORTANT: Select Lender initial Loan Estimate. Broker initial Loan Estimate only if providing your own disclosures. 

You can review your loan creation data and click Save to confirm.

Your loan will open to the URLA application information. 

Reviewing your URLA

Once your loan is created, review and complete your 1003 on the URLA tab. 

To edit the borrower pair on the existing 1003, you can click the pencil icon next to borrower pair.

To add an additional 1003, you can click the pencil icon to add borrower pair.

On the Additional Information, you can change who will be responsible for disclosing, Lender and Broker. 

IMPORTANT: If you will be generating your own disclosures, please make sure that your fees match our Approved Fee List and validate your Loan Estimate by referencing our Loan Estimate EXAMPLE.

On Lender Loan Information, you can review your property information as well as the Homeownership Education and Housing Counseling questions. 

On Real Estate, remove any blank REOs since it will cause problems with running AUS.  

On Information for Government Monitoring, review and complete all declarations, demographic, military service, language preference, and loan originator licensing information. 

IMPORTANT: The 1003 Application Date must be within 3 days when requesting lender generated disclosures.

Importing Additional Information

If your MISMO 3.4 file is incorrect or outdated, you can import an updated file by clicking Import Additional Data from Loan Actions.

IMPORTANT: You can only import prior to lock request, disclosure request, and submission request.

Select which fields you would like to import 

• Import all fields imports all of the available data within the MISMO 3.4 file into the loan. This option will erase all of the pre-existing data in the loan file that is not listed within the MISMO 3.4 file and imports all the fields including blank fields. 
• Import only non-blank fields imports all of the available data within the MISMO 3.4 file into the loan. This option will retain all the pre-existing data in the loan file that is not listed within the MISMO 3.4 file and imports only the non-blank fields.

Select what existing information you would like to retain.

• Delete existing lists before importing erases all pre-existing data listed within Employer History, Assets, and Liability lists before importing new data from the MISMO 3.4 file. 
• Add to existing lists imports all the assets and liability data within the imported MISMO 3.4, appending it to the loan's pre-existing data. 

You can Drag and Drop or Click to Browse the new MISMO file and click Import to review the loan creation summary.

What's Next

To learn more about pricing and registering your loan, please read Step 2: Registering Your Loan.