Step 1: Registering a Loan

Getting Started

Introduction to Non-Delegated Loans
Step 1: Registering Your Loan
Step 2: Submitting Your Loan
Step 3: Requesting Underwriting Condition Review
Step 4: Ordering Docs or Submitting for Purchase Review
Step 5: Requesting Suspense Condition Review
Key Tasks: Importing Your Loan, Pricing Your LoanLocking Your Loan

The Process

Importing Your Loan

Before you can register and submit, you will need to import the loan to your correspondent portal. The two options available to import are a Fannie Mae 3.2 file and DO Casefile.

For more information about importing, read Importing your Loan File.

Reviewing Loan Information

Once your loan is imported, review and complete the 1003 on the Application Information tab.

The Loan Officer information in the Fannie Mae 3.2 file will be retained during import. We recommend validating the Interview, Loan Officer, and Company information on page 3 of the 1003.

If incorrect, contact your Account Manager since they will need to manually update the 1003. Their contact information is listed under Junior Processor in the Status and Agents tab.

Setting Up Key Registration Fields

Before registering, you will need to enter the borrower’s credit information, set the underwriting type, and assign a Secondary user. To enter the borrower’s credit information, navigate to the Pricing tab and choose the Application #1 tab.

At the bottom, there are four options for entering a credit: Order CreditReissue CreditUpgrade Credit, and Manually Enter Credit.

For Jumbo or Non-Agency products, we recommend manually entering the credit scores since JMAC will pull a new credit report after submission.

For any other product, either re-issue your credit report or manually enter the credit scores. If you manually enter the credit scores, JMAC will pull a new credit report after submission.

You can confirm the credit score was entered correctly by checking the top-right of the loan information bar.

On the Property & Loan Info tab, select the Underwriting Type as Prior Approved.

Now, choose your pricing filters - the TermsAmortization Type, and Product Type and Price for your preferred loan program.

You may be prompted to assign a Secondary user to the loan. Select your Secondary’s name to continue pricing. The Secondary user will receive all pricing communication.

For more information about pricing, read Pricing your Loan.

Registering Your Loan Program

When the results populate, register or request pre-lock for your preferred rate and program.

If your preferred program is not displayed, the loan might be ineligible for that program. You can review the reasons for ineligibility under Show Ineligible Loan Programs.

You can re-register for a different loan program until you submit. After we receive your request, you will only be able to adjust the Rate Lock Period and Impounds.

We recommend assigning a Processor and Post-Closer to every loan since the Processor will be contacted during underwriting and the Post-Closer during purchase. Assign a Processor and Post-Closer on the Status and Agents tab.

For more information about pricing, read Pricing your Loan.

Pre-Locking Your Loan

Pre-locking is available on certain products dependent on your pull-through ratio.

Locks are not automatically confirmed. Once requested, our lock desk will review the request and follow up.

For more information about locks, read Locking Your Loan and our Lock Rate Policy.

What’s Next?

Your loan status will update from Loan Open to Registered. Once your loan is Registered, you can submit the loan package. Click to the next step, Step 2: Submitting Your Loan, to find out how to complete your loan submission.


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