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getthefaxes
249 Posts |
 Posted - 07/04/2009 : 07:46:54 AM
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The rules for our brokerage to lock a loan at PF is as follows:
1)The appraisal must be done
2)All of the disclosures, income & assetts must be in Proviscan
3)Title & CPL must be in Proviscan
4)On the day you lock the client must sign an updated GFE before you can submit the lock so that everyone is on the same page.
Once we implemented this policy our pull through zoomed up and now are 92% pull through and have Tier 1 pricing. |
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jfrederick
580 Posts |
Posted - 07/04/2009 : 11:24:55 AM
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| Absolutely; we have had only one loan fall out all year, out of 138. Also, any LO who locks and fails to submit or close gets cut off from using them. pretty simple. These days it is all about pullthrough. |
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kellamtom
1163 Posts |
Posted - 07/04/2009 : 12:01:58 PM
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| the only loans we've had fallout were due to value issue |
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