Yes, please see the Step by Step PowerPoint presentation.

Yes, please contact Dallas Rivera at 800-800-9975 to discuss training options.

Templates are cases that can reduce your data entry time. You can specify any file in your Casefile Manager to act as a template. When you choose to use a file as a template, a new file is created with all the template information retained. This is especially handy if you do loans that have a lot of the same information. If you do not wish to use a template, simply click on "Blank Template" and a new blank case will be created.

Please see our list of fees we consider finance charge

A published interest rate to which the interest rate on an Adjustable Rate Mortgage (ARM) is tied. Some commonly used indices include the 1 Year Treasury Bill, 6 Month LIBOR, and the 11th District Cost of Funds (COFI). Please see Federal Reserve Board's H.15 for the current rates.

The number of percentage points a lender adds to the index value to calculate the ARM interest rate at each adjustment period. A representative margin would be 2.75%.

• Standard Amortization (EQUAL PAYMENTS of Principal & Interest) - Amount applied to principal increases as payments to interest decrease over life of loan.
• Accelerated Amortization (EQUAL PRINCIPAL PAYMENTS plus Periodic Interest) - Payment decreases monthly: amount applied to principal remains constant but interest decreases as principal is reduced.
• Balloon - Interest Paid at Maturity (Interest + Principal due at Maturity) - Single payment loan paid at maturity
• Balloon - Interest Paid Periodically (Periodic Interest Only) - Interest only paid periodically - principal paid in single payment at maturity.
• Interest First (Interest Only Period followed by Standard Amortization) - Payment of interest only for given period followed by standard payment amortization remaining life of loan.

As allowed by the Code of Federal Regulations Title 24, Volume 5, you can forgo showing the 3 year servicing history with the below statement.
TITLE 24--HOUSING AND URBAN DEVELOPMENT
PART 3500--REAL ESTATE SETTLEMENT PROCEDURES ACT

Sec. 3500.21 Mortgage servicing transfers.

(b)(3)(ii)(C) In the alternative, if applicable, the following statement may be substituted for the statistical information required to be provided in accordance with paragraph (b)(3)(ii) of this section: "We have previously assigned, sold, or transferred the servicing of federally related mortgage loans."

Please see  Part 3500 Real Estate Settlement Procedures Act for more information.

These changes are effective for FHA case numbers assigned on or after April 9, 2012, unless otherwise specified below.

Increase to Annual Mortgage Insurance Premium to 1.75% of base loan based on FHA Case Number assignment date.

Increase to Annual Mortgage Insurance Premium on Mortgages with a High Outstanding Base Loan Amount

FHA is also exercising its pre-existing statutory authority to add an additional 25 bps to mortgages with base loan amounts exceeding $625,500. This change is effective for case numbers assigned on or after June 11, 2012.

ASSIGNED CASE NUMBERS FOR STREAMLINE issued June 11 or later for loans ENDORSED BEFORE May 31, 2009

Decrease to Up-Front Mortgage Insurance Premium on Certain Streamline Refinance Transactions

endorsement date is on the Case Query screen in FHA Connection. This change is effective for case numbers assigned on or afterJune 11, 2012.

Upfront will be 0. 01 And Annual will be .55bp

1. April 9  upfront and annual regular loans
2. June 11 Streamline Refi with exceptions
3. June 11 for loans over $625,500

Exceptions to Announced Premium Changes

1. Title I
2. Home Equity Conversion Mortgages (HECM)
3. Section 247 (Hawaiian Homelands)
4. Section 248 (Indian Reservations)
5. Section 223(e) (Declining Neighborhoods)

Please address any questions about the topics in this Mortgagee Letter to the FHA Resource Center at 1-800-CALLFHA (1-800-225-5342). Persons with hearing or speech impairments may reach this number via TTY by calling the Federal Information Relay Service at 1-800-877-3339

Service Providers and Affiliated Business Arrangements

Service Providers & Affiliated Business Arrangements that must be shown on the Good Faith Estimate (GFE) under RESPA (Real Estate Settlement & Procedures Act), 24CFR Sec, 3500

Required Service Provider [24 CFR Sec 3500.7(e)(1)] includes service provider the borrower must use, is the lender’s choice and the borrower will pay a portion of the fee. i.e.

• Credit Reporting Agency
• Appraiser
• Lender’s Attorney
• PMI Company
• Flood Cert Company

Information required: Name of company, address, phone number, business relationship and estimated cost

Business relationship can be:

• Used frequently in loan transaction by Lender this past year
• Depositor of Lender
• Customer of Lender

If you have 5 or more service providers for a particular service, Lender may state “a provider has not been chosen but will be from a list maintained by lender. The name and exact cost will be provided on the HUD-I at settlement” then give a range of the cost of the service. Example $35 - $50.

WHAT IS AN AFFILIATED BUSINESS ARRANGEMENT?

Affiliated business relationships must be explained on the GFE [24CFR 3500.15]

Except for the lender’s choice of attorney, credit bureau and appraiser, an “affiliated business relationship” means an arrangement in which

1. A person who is in a position to refer business….or an associate of such person has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1% in a provider of settlement services AND
2. Either of such persons directly or indirectly refers such business to that provider or affirmatively influences the selection of that provider

An “associate” means one who has one or more of the following relationships with a person in a position to refer settlement business [24 CFR 3500.15 © (1)]

1. a spouse, parent or child of such a person
2. a corporation or business entity that controls, is controlled by, or is under common control with such person
3. an employer, officer, director, partner, franchiser or franchisee of such person
4. anyone who has an agreement, arrangement, or understanding with such person. to enable the person in a position to refer settlement business to benefit financially from the referrals of such business

The disclosure must specify the nature of the relationship describe the estimated charge or range of charges with the notation that the actual charge will be on the HUD-I

The conjunction / status provides the relationship between individual borrowers or individual sellers.

Some examples are:

• , a single man
• , a single woman
• , a single person
• and
• and wife,
• and husband,
• and spouse,
• , an unmarried man
• , an unmarried woman
• , husband and wife
• , as joint tenants
• , in joint tenancy
• , as community property
• , as tenants in common
• , as tenancy in common
• as his sole and separate property
• as her sole and separate property
• who are married to each other
• signing pro forma to perfect lien only
• , a married man
• , a married woman
• , a married person

Select the Loan Program (who’s Note you want, i.e. Fannie Mae) from the Loan Plans pop up window, then select the appropriate Note according to the type of loan you are ordering. Contact Support@ppdocs.com to get your frequently used loan plans to always appear at the top of the list.

It is an issue with your browser settings. Close the order form and then at the top of your browser window click the “Tools” menu. Then click “Internet Options” at the bottom. In the “Browsing history” section click on “Settings” and go to where it talks about checking for newer versions of stored pages and select “Every time I visit the webpage”. Finally, click “OK” at the bottom of both windows and go back into the order form and try to preview again. This should fix the problem permanently. Call Support at 800-800-9975 if you need further assistance.

In Calyx, be sure to click “Copy from Fees Worksheet” on Page 2 of the HUD-1 Settlement Statement screen.

Make sure the login/password you have stored in Encompass matches your PPDocs login and password exactly. To check for this, open a loan in Encompass and after you click “Services” then “Doc Preparation” you will see a “Password Manager” in the pop up window next to PPDocs, Inc. Click that and enter your PPDocs login and password and save. You should then be able to successfully Submit your data to us.

There are never any additional charges for our unlimited redraws.

Click on the document package you would like to send and in the Deliveries section click “New delivery. Send this package to..” and it will take you to the page where you can enter your and the recipient’s information, as well as add Password or Security Question protection.

Please visit the Products page on our website and you will be able to view sample packages by state.

Yes. Send us a copy of the document in Word or PDF formats and tell us how and when you would like the document to be used.

On the Document Selection screen in the order form, click “Upload Other” and type the Title and Instructions for the settlement agent, then Browse for the document you have saved on your computer

On the Borrower(s) screen in the order form you will see an option for “Signing” for each borrower. It is defaulted to “All Documents” but this can be changed to “MTG/DOT and TIL" (previously non-borrower) for a Non-Purchasing Spouse, or “Note and TIL only” for cosigners, or “All except Mortgage/Deed of Trust” and the Borrower names will only print on these documents specified

After you login, click on “Setup” then “Product Display Settings”. Use the arrows to move the highlighted order forms. “Selected Order Forms” are the ones that will be visible under your login

After you login, click on “Setup” then “My Loan Plans”. Select the Loan Program you typically use and check the “Favorite” box next to the Note you most often use. The Favorites will not be shown at the top of your list in the order form with a star next to it.

Some jurisdictions require multiple payments per year.

Payments due periodically. If the payments are due quarterly, select 4 (4 payments per year) from the drop down list and enter the amount of each payment (the annual amount / 4). If the payments are due semiannually, select 2 from the drop down list and enter the amount of each payment (the annual amount / 2)

Payments due at odd intervals. For example, payments are due in March and December. In this case, you need to enter the escrow disbursement in 2 separate lines but select the same HUD line number. You must enter the amount of each payment. See illustration below.

You can update the Prepared Date of the TIL on the Loan Detail screen. The date on the TIL should always be the date the disclosure was prepared.

If you have a changed circumstance and need to send an amended GFE, you should enter the date the GFE was amended. On the GFE Information screen, select ‘yes’ to the amended GFE question and then enter the Amended GFE Date. This date will appear as the "Date of GFE" instead of the Prepared Date. Please be sure to document all changed circumstances per RESPA.

Closing can be held when borrower receives revised GFE prior to or day of closing unless mailed (3 day waiting period if mailed)

It has been replaced by "MTG/DOT and TIL" to prevent confusion.

It has been removed because it is no longer necessary to use in completing the borrower vesting for the Deed of Trust. Please complete the "Vesting Tool" screen that comes after the borrower screen to see what the vesting will look like.

The "Vesting Tool" screen has replaced the "Status/Conjunction Information" screen in our efforts to simplify the vesting on the Deed of Trust. On that screen, you will see any borrower that is listed as signing either "All Documents" or signing "MTG/DOT and TIL" and when you complete the statuses, you will see the vesting preview below.

If you wish to type both the conjunction and the status, feel free to do so. Below the borrowers is a preview box of what the language will be on the Deed of Trust first page that defines the undersigned parties. You can make changes in this box. The changes you make will save with the loan, and the edited version will print on the top of the Deed of Trust. However, if you make changes to any borrower's name or signing, it will recalculate what the text should be.

We removed the trust beneficiary in accordance with Fannie Mae E-2-06, Signature Requirements for Mortgages to Inter Vivos Revocable Trusts (01/17/2013)

After you login, click on “My Account” then “My Profiles” under Settings. You can add a new profile or click on an existing Profile, clone it, then update it with your information.

Go to our website, PPDocs.com, and click on Register (you must be logged out to do this). Enter the new user’s information and input the Activation Code that will be emailed to them. After receiving registration confirmation they are free to login and order documents. They will automatically be linked to the existing Lender and Branch

After you login, click on “My Account” then “Change Password” under Settings. Enter current password and new password, then click “update”.

Close out of ALL internet windows you have open, then re-launch PPDocs.com. This will give you 3 new attempts. If you are still unable to login, contact us.

You can share files by clicking on the Borrower name in your Casefile Manager and then “Send Copy”. Enter the email address where you would like the file to be sent and a copy of it will appear in their Casefile Manager

If you have forgotten your password, you may reset it by clicking here. You will receive an email with instructions on how to reset it. If you cannot access your email or have other questions, contact us.

Full Service will be submitted to PPDocs, Inc. to perform quality control of data based on the information entered on the order form and provided via fax. We will provide the required documents as well as review title commitment and survey. Express Service products will not be reviewed, nor will any quality control be done by PPDocs, Inc. We will suggest to you a list of possible documents for your transaction. You may modify the document selection as needed. You may request multiple redraws as needed. There are no redraw fees.

You will be billed on a per-transaction basis and there are no up-front charges. See attached Fee Matrix for a breakdown of our cost based on product type

here is no contract to sign and no minimum order requirement. Just take a few minutes to get registered and start ordering.

Click here for the list of counties that accept eRecording. And we’re continually adding more counties, so be sure to check back periodically.

After the document has been successfully recorded with the County, you will receive an invoice for the County’s recording fees plus a $10 Convenience Charge. There are no charges if the document gets rejected.

No. Anyone with a PPDocs login can eRecord at any time

Our fulfillment services include, but are not limited to: Pre-Closing HUD-1 Review, Funds Request, Funding Approval, Closed Loan Package Audit and Delivery, Credit Package Delivery, Investor Purchase, and Final Document Delivery.

We will customize our fulfillment services to fit your needs. Whether it is a HUD-1 Review or Investor Delivery, we only charge you for the services that you use.

There is no minimum amount of loans required to use our services. You can choose to utilize fulfillment on just one loan or on multiple loans.

Contact Jaime Dusten at 800-800-9975

1. Loan (either purchase or refinance) will be secured by a lien (first or subordinate) on a one-to-four family residential property, and
2. Lender and/or loan is "federally related." Includes Lenders with federally insured deposits and/or regulated in any way by the federal government and any loan sold to FNMA or FHLMC. Does not normally cover seller financing.

Exceptions:

1. Property is 25 acres or more; or,
2. Business, commercial or agricultural loan; or,
3. Temporary Financing (ie. construction loan of 2 years or less without a commitment to convert to a permanent loan); or,
4. Vacant land; or,
5. Assumption without Lender approval.

The above regulation coverage definition is a general summary. Please call PPDocs, Inc. at 1-800-800-9975 to discuss specific factual circumstance and applicable coverage or exemptions.

1. Credit is offered or extended to consumer; and
2. The credit is offered or extended regularly; and
3. A finance charge is made on the credit or it is to be repaid in more than four installments; and
4. The credit is primarily for personal, family, or household purposes (Excludes loans made primarily for business, commercial or agricultural purposes. Non-owner occupied [occupied less than 14 days per year by owner] rental property are deemed to be for business purposes.)
5. Covers principal dwellings and second homes

Exceptions:

1. Business unless money is to be used for personal, family, household purposes
2. Commercial
3. Agricultural
4. Made to an organization (partnership, corporation, etc.)

The above regulation coverage definition is a general summary. Please call PPDocs, Inc. at 1-800-800-9975 to discuss specific factual circumstance and applicable coverage or exemptions.

GFE 10 day requirement: Day 1 is the day the GFE is given or mailed to the borrower. You must be open for business on Saturday to count that as one of the 10 days. Do not count Sunday and Federal Holidays.

A GFE must be revised within 3 days of learning there is a changed circumstance.

The Closing date for a revised GFE must be 3 days from the date the Disclosure is mailed. If the GFE is given to the borrower directly, there is no delay in closing.

Definitions:

• Definitions of Business Day: There are two definitions of business day to keep in mind:

  • General Definition of Business Day: is any day on which the creditor's offices are open to conduct substantially all of its business functions.
  • The Precise Definition of Business Day: The precise definition of business day means "all calendar days except Sundays and legal holidays (New Years Day 1/1, Martin Luther King Jr.'s Birthday, Washington's Birthday, Memorial Day, Independence Day 7/4, Labor Day, Columbus Day, Veterans Day 11/11, Thanksgiving Day and Christmas Day 12/25).

MDIA/TILA Waiting Periods:

Note: The following examples were taken from the Federal Register. As a result, all dates referenced in such examples will refer to the year 2009.

• The First 3 Day Waiting Period (Mailing of the Initial TIL): The lender must provide the initial TIL disclosure no later than 3 business days (using the general definition of business day) after application is received and at least 7 days before consummation.
  Note: The timeframe to provide or mail the initial TIL disclosure has not changed.

  • The Disclosure time period begins on the business day following receipt of the consumer’s application.

• The Second 3 Day Waiting Period: When is the Consumer Deemed to have Received the Disclosure for purposes of Reg Z?

  • Receipt of Disclosures: When the disclosure is mailed, the consumer is deemed to have received the initial TIL disclosure 3 business days (the precise definition is used here) after mailing.

• When Can a Fee be Collected? And, no fee may be imposed on a consumer before the consumer receives the initial TIL disclosure except for a credit report fee that is bona fide and reasonable (for counting purposes. Fees other than the credit report fee may not be collected until after midnight on the third business day after receipt of the disclosure).

  The 7 Day Waiting Period:

  • Use the precise definition of Business Day here. Consummation may occur on or after the seventh business day after the delivery or mailing of these disclosures.
  • Example of 7 day Waiting Period without Corrected Disclosures:if a creditor delivers the early disclosures to the consumer in person or places them in the mail on Monday, June 1, 2009, consummation may occur on or after Tuesday, June 9, 2009, the seventh business day following delivery or mailing of the early disclosures.
  • Example of 7 Day Waiting Period withCorrected Disclosures:
  • Earliest closing date
  • If the annual percentage rate provided in the good faith estimates changes beyond a specified tolerance for accuracy, creditors must provide corrected disclosures, which the consumer must receive on or before the third business day before consummation of the transaction. The final rule allows consumers to expedite consummation to meet a bona fide personal financial emergency.
  • Reg. Z, 12 C.F.R. §226.19 Certain mortgage and variable-rate transactions.Waiting periods for early disclosures and corrected disclosures. (i) The creditor shall deliver or place in the mail the good faith estimates not later than the seventh business day before consummation of the transaction.

• Redisclosure if outside tolerance (3 days or 6 days)

  • Reg. Z, 12 C.F.R. §226.19 Certain mortgage and variable-rate transactions.If the annual percentage rate disclosed under paragraph (a)(1)(i) of this section becomes inaccurate, as defined in § 226.22, the creditor shall provide corrected disclosures with all changed terms. The consumer must receive the corrected disclosures no later than three business days before consummation If the corrected disclosures are mailed to the consumer or delivered to the consumer by means other than delivery in person, the consumer is deemed to have received the corrected disclosures three business days after they are mailed or delivered.

• Waiver of waiting period before consummation

  • Reg. Z, 12 C.F.R. §226.19(a)(3) If the consumer determines that the extension of credit is needed to meet a bona fide personal financial emergency, the consumer may modify or waive the seven-business-day waiting period or the three-business-day waiting period required by paragraph (a)(2) of this section, after receiving the disclosures required by § 226.18. To modify or waive a waiting period, the consumer shall give the creditor a dated written statement that describes the emergency, specifically modifies or waives the waiting period, and bears the signature of all the consumers who are primarily liable on the legal obligation. Printed forms for this purpose are prohibited.

• NOTE: A good way to remember is there are two 3 day periods to be aware of with regard to corrected TIL Disclosures:

  • The Time Period Before Consummation: The customer must receive a final corrected disclosure at least 3 business days before consummation. The precise definition of business day is used here.
    
    So, if mailed, the time period is 3 days + 3 days

• Examples – TIL Corrections Before Closing:

  For example, assume a creditor delivers the early disclosures to the consumer in person or places them in the mail on Monday, June 1, 2009 and the creditor then delivers corrected disclosures in person to the consumer on Wednesday, June 3, 2009. Although Saturday, June 6 is the third business day after the consumer received the corrected disclosures, consummation may not occur before Tuesday, June 9, 2009 the seventh business day following delivery or mailing of the early disclosure.

  • Timing. When redisclosures are necessary because the annual percentage rate has become inaccurate, they must be received by the consumer no later than the third business day before consummation. (For redisclosures triggered by other events, the creditor must provide corrected disclosures before consummation. See Sec. 226.17(f).)
  • In PersonIf the creditor delivers the corrected disclosures to the consumer in person, consummation may occur any time on the third business day following delivery. If the creditor provides the corrected disclosures by mail, the consumer is considered to have received them three business days after they are placed in the mail, for purposes of determining when the three-business-day waiting period required under Sec. 226.19(a)(2)(ii) begins . Creditors that use electronic mail or a courier other than the postal service may also follow this approach.

• Basis for annual percentage rate comparison.To determine whether a creditor must make corrected disclosures under Sec. 226.22, a creditor compares (a) what the annual percentage rate will be at consummation to (b) the annual percentage rate stated in the most recent disclosures the creditor made to the consumer.

  • EXAMPLE: assume consummation for a regular mortgage transaction is scheduled for Thursday, June 11, the early disclosures provided in May stated an annual percentage rate of 7.00%, and corrected disclosures received by the consumer on Friday, June 5, 2009 stated an annual percentage rate of 7.15%:
    
    • On Thursday, June 11, 2009 the annual percentage rate will be 7.25%, which exceeds the most recently disclosed annual percentage rate by less than the applicable tolerance. The creditor is not required to make additional corrected disclosures or wait an additional three business days under Sec. 226.19(a)(2).
    • On Thursday, June 11, 2009 the annual percentage rate will be 7.30%, which exceeds the most recently disclosed annual percentage rate by more than the applicable tolerance. The creditor must make corrected disclosures such that the consumer receives them on or before Monday, June 8.

Please see this summary chart to determine how to calculate various dates. It has information regarding Saturdays, holidays, and what is considered to be a holiday.

Handwritten note explaining emergency and must be approved by investor. Much like waiving the 3 day Right of Rescission. Very risky

After the borrower has received the TIL and gives notice of intent to continue.

an escrow account need not be established for a transaction if, at the time of consummation:

(A) During the preceding calendar year, you (Lender) extended more than 50 percent of your total covered transactions secured by a first lien, on properties that are located in counties designated either “rural” or “underserved” by the CFPB.

(B) During the preceding calendar year, you (Lender) and your affiliates together originated 500 or fewer covered transactions secured by a first lien; and

(C) As of the end of the preceding calendar year, you (Lender) had total assets of less than $2,000,000,000; this asset threshold shall adjust automatically each year, based on the year-to- year change in the average of the Consumer Price Index for Urban Wage Earners and Clerical Workers, not seasonally adjusted, for each 12-month period ending in November, with rounding to the nearest million dollars.