Submit loan analysis for prior approval loans Order an IRRRL case number Print duplicate loan guaranty certificates Pre-populates data previously entered into funding fee payment system & appraisal system Real-time Certificate of Eligibility (COE) determinations Order appraisals Taking the $105,400, multiply it by 1% for discount point. This equals $1,054. The funding fee is $105,400 x 0.5%, which equals $527. This total equals $106,981. From this amount you subtract the original discount and funding fee. This equals $106,981 - $1,000 - $500 = $105,481. This is your max loan amount. Instructions To Complete The Form It is important that you, as a borrower, and the FHA lender provide the right information when filling out this form. In this form is where I see that many major banks try to stay away from FHA loans and that many smaller FHA lenders have entered here to occupy these positions in the mortgage loans market. Completing the URLA and URLA-Additional Borrower The following tables will help you complete certain fields on the loan application. Instructions are grouped by URLA section, and not every field is described. Instructions for self-explanatory fields (for example, Name, Date of Birth, and Contact Information) are not included. Applicant Records - VA, and published in the Federal Register. Your obligation to respond is voluntary; however, failure to complete the form could result in your making a loan in excess of the allowable amount. This information is needed to help you determine the appropriate amount of the VA-guaranteed loan you intend to process. Title 38, United You must complete a separate form for each type. List the issue (s) you want VA to review in Part II on the form You can include all or just some of the issues VA decided. You must list the issue (s) you disagree with and the VA decision date. Gather new and relevant evidence to submit loan, lien, or other claim against the property. Interests in condominiums and cooperatives are real estate, but leases of real estate are personal property and should be listed on Part 1. Part 3. The decedent's real estate in Virginia over which you have a power of sale. If you Instructions, Continued Instructions Page 2 of 2 Field Special Instructions Qualifying Rate Indicate the interest rate that was used to calculate the monthly payment at which the borrower was qualified for the mortgage. When the payment is based on the actual interest rate of the mortgage, check the "Note Rate" box. When we 0RUWJDJHHV must enter the amount being ¿nanced into the loan (i.e. exclude cents). Qualifying Rate: 0RUWJDJHHV must enter the interest rate used to qualify a borrower for a 1 year ARM. Loan Purpose: 0RUWJDJHHV must check all loan purpose types that apply (e.g. the purchase of a property owned by HUD should have both the Reference: For instructions on completing each page of form HUD-92900-A, HUD/VA Addendum to Uniform Residential Loan Application, see HUD 4155.1 1.B.3.c. 4155.2 2.B.3.c HOC Test Case Review Requirements During the pre-closing review phase, the HOC must review in detail each test case application received from the lender, including the property Title: Microsoft Word - Training Guide Cleveland January 2005.doc Author: LGYJBRUB Created Date: 4/6/2005 6:47:22 PM Documenting the Loan Application. A loan application must be documented on the Uniform Residential Loan Applicat