Checklists

Modified on Tue, 9 Dec at 10:33 AM

Checklist Name	Loan Phase(s)	Default Trigger (if any)
Credit Review	PreQual - CTC	Credit Report Received
Employment Review	PreQual - CTC	None
Employment Order	PreQual - CTC	Any employers entered
Income Review	PreQual - CTC	Income docs received
Asset Review	PreQual - CTC	Asset docs received
Address & REOs Review	PreQual - CTC	Not yet configured (should be ITP)
Purchase Contract Review	PreQual - CTC	Doc Centric, loan type = purchase
Order Evidence of Insurance	PreQual - Closed	ITP
Insurance Review	PreQual - Closed	Insurance doc received (future)
MI Review (Mortgage Insurance)	PreQual - Closed	When mortgage type = conventional and LTV > 80%
Tax Review	PreQual - Closed	Not yet configured (should be ITP)
Disclosures Review (Initial)	Application - Decisioned	None
Redisclosure Review	Application - Closed	Change of Circumstance, Add new borrower, change loan program
Initial Closing Disclosure	Not specified	None
Appraisal Order	Application - CTC	ITP
Review Flood	Not specified	None
Title Order	Application - Closed	None
Title Review	Application - Closed	Doc Centric, ITP, title docs received (future)
Condo Review	Application - Closed	Property structure type = condo, ITP
Underwriter Review	Application - Closed	UW event request
Cleared to Close	CTC	None
Closing Review	Application - Closed	ITPrequired before Final Closing activity is available
Insuring Review	Closed	None
Funding Review	Decisioned - Closed	Cannot have a funding date if there is no closed date
Purchase Advice Review	Closed	Loan File Sent to Investor Date

Notes:

Some checklists do not have a default trigger and may be initiated manually or by other system events.
"ITP" refers to "Intent to Proceed."
Some triggers or phases are marked as "not yet configured" or "future," indicating planned updates.