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Union Bank Wholesale Loan Submission Guide

LOAN SUBMISSION The system is compatible on a PC or a MAC, and the following browsers are supported:

IE9 and > except IE11

Chrome 15 or >

Fire fox 5 or >

Safari 6 or >

Opera 13 or >

Follow the steps below to import an .fnm file, with no prior Quick Lock, from your broker LOS, and submit the loan application via Union Bank Wholesale system: STEP ACTION

1 Click APPLICATIONS from the STARTPAGE on the HOME Tab.

2 a. Click Choose File from the IMPORT LOANS window. b. Browse to the .fnm file to be imported. c. Double click on the file.

Note: File should appear in the IMPORT LOANS window. d. Click Import. e. Click OK at Social Security Number Check.

Note: Upload only one file at a time, maximum file size is 64MB.

3 Click Ok at Import Loan.

1 Residential Lending Learning and Development, February 8, 2018


STEP ACTION

4 Locate the loan you just imported: a. Use the Search By drop down to search by Borrower Full Names or other filter(s).

Note: A portion of the borrower’s name is sufficient to return search results. Use the % for a wildcard search if using partial loan number.

OR b. Click on LOAN NUMBER column header twice to sort and bring the most recent loan imported to the

top of the list. c. Click on the loan number to be accessed.

5 a. Register the loan by inputting the Broker Loan ID (any identifier of the broker’s choice is acceptable) and Confirm.

b. Click Save.



STEP ACTION

6 Click Move to Full Submission. Note: Do not select any other Registration option, as the loan will not be recognized by Union Bank.

7 Click Ok at Change Workflow.

8 Property Information

a. Hover over the Pricing tab. b. Click on Pricing Information sub-tab. c. On the Product Parameters sub-tab, click on the Look Up ZIP Code button to populate the County.

Note: If there is more than one city in the ZIP, select the correct one from the pop-up.



STEP ACTION

9 Pricing Information a. Enter the Value fields that are applicable to the property type and loan request.

The following guidelines will provide more accurate pricing and product selection: Value Best practice Occupancy Code Always Property Type Always Loan Purpose Always Cash Out Purpose If Cash-Out Refi (HMDA tracking) Documents Type Always Mortgage Insurance Options Optional Lien Position Always First Lien Refi of Existing UB Loan? If Refi Compensation Model Always Property Listed for Sale in Last 6 mos. If Refi Refi – Property Acquired If Refi

b. Enter the Credit Score. c. Check the Escrow Waived boxes ONLY if escrows will NOT be collected. The system defaults to

collecting escrows. The red check mark selects all and clears all.

Notes: Employee Loan refers to a Union Bank Employee. DO NOT check this box, unless the borrower is an employee of Union Bank. Do NOT click Prepayment Penalty - No product options will be available.

Click Save.



STEP ACTION

10 Loan Information a. Click on the Loan Information sub-tab and update Loan Information, as needed

Note: Data populates from the .fnm file. b. Verify the Application Date is correct and if needed select a Closing Date. The Closing Date and Date

of First Payment will be updated by Union Bank, accordingly. c. If the borrower has subordinate financing, click on the Credit Line Worksheet icon next to Other

Financing. 1. Click on Loan Information Sub Tab from within the Pricing Summary

2. Click the Credit Line Worksheet Icon and click the Green to add a worksheet 3. Scroll right to select:

• Account Type - “UB Flex Equity Customer Request or Non-UB” • Loan Type - “Existing” or “New” from the drop down menu • Input the loan amount “Outstanding Balance” or “New Total Credit Line”

d. Enter estimated Cash-out Amount, if Cash out Refi. e. Click Recalc to verify the LTV/CLTV/HLTV, if any changes made.

Note: Assessed Value should remain as $0.00.

Click Save.

Note: For the 2nd Transaction;

No additional action is needed. Union Bank will copy and create the 2nd transaction based upon the information provided here.



STEP ACTION

11 a. Hover on the Pricing icon. b. Click Run All to display all Plan Types available for the parameters entered.

12 a. View the available plans (as indicated by a check in the AVAILABLE column). b. Click the Compress button to display only available products. c. Double click on the Loan Plan requested,

OR d. Click on the Loan Plan requested and Click OK. Note: Contact your AE before selecting a plan that is not available.

Note: The plan selected is indicated by the black arrow to the left of the available indicator.

13 a. Double click the Points for the lock period and rate you want to select, OR

b. Click on the Points and Click OK.



STEP ACTION

14 a. Click on the Pricing Information sub-tab. b. Scroll down to view the pricing selected, any adjustments, and the Fully Adjusted Rate/Points.

Note: I/O pricing adjustments and lender paid compensation adjustments are included in the base pricing.

Note: The loan can be locked at this point. However, once locked, changes to the loan amount or product will require an Urgent Change Request form completed and uploaded to the GDR. It is recommended that you wait until just before submitting the loan to lock. Refer to step # 33.

15 a. Hover over the Fees tab. b. Hover over the Fees sub-tab. c. Click on Fees to display some Union Bank default fees in read-only screens. d. Double click on column headers to sort, as desired.

Note: The Broker is not responsible for inputting any fees. Union Bank will input fees from the estimated settlement statement/Loan Estimate provided.

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Residential Lending Learning and Development, February 8, 2018

https://www.unionbank.com/Images/BrokerUrgentChangeRequest.pdf


STEP ACTION

16 a. Hover over the Borrowers tab. b. Hover over the Borrower Information sub-tab. c. Click on Borrower Information from the drop down. d. Update General Information, as necessary. e. If the borrower elects to have their disclosures and appraisal delivered through Secure Document

Exchange (SDX): i. Ensure the borrower’s E-Mail is entered. ii. Click on the Consent to e-mail documents box.

The Consent Given To field is auto-populated. iii. Provide the Borrower with the SDX job aid, located in the Broker Resource Center.

17 a. Scroll down to Current Address. b. Click on Zip Code Look Up button to populate the county,

OR c. If Owner Occupied Refi, click on Copy Property Address Information icon to update from property

address.



STEP ACTION

Click Save.

18 Repeat steps #17 and #18 for subsequent borrowers. Note: Current Address for subsequent borrowers may also be populated by clicking on the Copy Previous Borrower button.

Click Save.

19 Click on the Assign Applicants sub-tab, if there are multiple applicants. • The DESIGNATION for joint applicants should always show Borrower and Co-Borrower, and have

the same APPLICATION NUMBER. • The DESIGNATION of a borrower that is not joint with another borrower should always show as

Borrower and have a separate APPLICATION NUMBER.



STEP ACTION

20 a. Hover over the Residence History sub-tab. b. Click on Former Addresses. c. Update as necessary. d. Repeat for additional borrowers.

21 a. Hover over the Employment History sub-tab. b. Click on Current Employment. c. Review and update as necessary. d. Repeat for additional borrowers.

22 Income Note: Income fields may not be populated; however income information should have mapped from the imported FNM file. Click on Loan, hover on Loan Information and Click on Housing and Debt Ratios to determine if DTI appears correct. If so, no need to update Income.



STEP ACTION

23 a. Hover over the Income tab. b. Click on the Income Calculator sub-tab. c. Review and update Income, as necessary. d. Repeat for all borrowers. e. Click Refresh to update Total Monthly Income for All Borrowers.

Note: If any changes are made to income amounts, click Yes at Income Calculator to update totals.

24 a. Hover over the Assets sub-tab. b. Click on each asset to review and update, as necessary.



STEP ACTION

25 a. Hover over the Liabilities sub-tab b. Click on Liabilities. c. Review as desired.

Note: Liabilities will be updated once Union Bank runs the credit report. d. Click on remaining liabilities to review and update as needed.

26 Click on the Totals sub-tab to view a snapshot of the file in read-only screen.



STEP ACTION

27 a. Hover over the Declarations sub-tab. b. Click on the Declarations, Government Monitoring and Interview information drop-downs c. Review and update each sub-tab as necessary.

Note: If your address is not the same as the LO do not use “Use My Information” feature. To change this address you will go to the Broker Contact Section located in the Loan Tab.



STEP ACTION

28 a. Hover over the Loan tab. b. Hover over the Disclosures sub-tab. c. Click on the Loan Disclosure drop-down to view.

Note: Disclosures in read-only screens.

29 a. Hover over the Loan tab. b. Hover over the Loan Information sub-tab. c. Click on the following Loan Information and refer to best practice.



STEP ACTION

30 a. Hover over the Loan tab. b. Hover over the Loan Summary sub-tab. c. Click on the Current Loan Terms drop down to view terms in read-only screen. d. Hover over the Loan Summary sub-tab. e. Click on the Broker Contacts drop-down. f. Ensure the Broker Loan Officer’s Name, Phone Number, Address, and Email are accurate. g. Ensure the Broker Processor’s Name, Email, and Phone are accurate. h. Complete the Broker LO Assistant Name, Email, and Phone if you want notifications sent to that

individual. i. Complete Supplemental Loan Info, as applicable. Enter any secondary loan information, including

Dollar Amounts and Details from the drop down.



STEP ACTION

31 Before uploading your loan documentation, refer to the Broker Disclosure and Broker Submission Packages for submission requirements. The Disclosure Package and the Loan Submission Packages are located in the Broker Resource Center. Note: Maximum file size is 64MB, and file must be .pdf format.

a. Click on the Global Document Repository (GDR) icon. b. Click on the Broker Disclosure Package folder.

o Please upload all items on the Broker Disclosure Package Checklist as one combined PDF. c. Click the Browse icon to browse to the location of the document. d. Click on the document. e. Click Upload. f. Repeat steps a-f for the Broker Submission Package Items.

o Please upload all items on the Broker Submission Package Checklist as one combined PDF. o If the Submission Package is larger than 64mb it is ok to have multiple uploads

g. Click X to close the Document Upload window

Click Save.


https://www.unionbank.com/wholesaleportal/index.jsp


STEP ACTION

32 • If a Rate Lock is desired: a. Click on the Submit tab. b. Select Submit the Application for a Rate Lock from the drop down. c. Click Submit. d. Click Ok.

Note: Once locked, changes to the loan amount or product will require a Broker Urgent Change Request form be completed and uploaded to the GDR. • To confirm your lock has been completed and view your lock terms:

a. Hover over the Pricing tab. b. Hover over the Lock sub-tab. c. Click on Lock from the Lock drop-down to view details.

• To review the Current and Historical changes for a lock:

a. Hover over the Lock sub-tab.

b. Click on Lock History.

c. Scroll through the different fields.


https://www.unionbank.com/Images/BrokerUrgentChangeRequest.pdf


STEP ACTION

33 a. Click on the Submit tab. b. Select Submit a Full Application from the Select Submission Type drop-down. c. Click Submit. d. Click Ok at Submit An Application.

34 a. Review Lender Submission Validation screen.

Note: You MUST scroll down to see all Data Validation Descriptions. b. Make a note any failed items. c. Click OK. d. Remedy any Failed Validations. e. Repeat steps #33 and #34, if any validations are remedied.

35 a. Click on the Loan Status tab. b. Verify Current Status is Full Submission. c. Scroll down to see the Major Events (dates) associated with the loan.

36 Click on the APPLICATIONS tab to return to the pipeline page.
