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In The Know - May 2018

May 31, 2018 | Correspondent, Delegated

At Home Point Financial, our goal is to deliver an exceptional service experience for our clients through open communication. When you have questions, we have the answers.

• Important loan funding dates for June 2018:

          ∙ June 21st - Last day to sign/acknowledge rescission refinance CD

          ∙ June 25th - Last day to sign documents on a rescission refinance for the month

          ∙ June 26th - Last day for purchase CD’s to be acknowledged

          ∙ June 30th - Last day to sign purchase loan documents and fund same day

• Important UCD Update: In preparation for the Agency Uniform Closing Dataset (UCD) mandate, Home Point Financial began conditioning for the UCD file on all conventional loan closing packages sent on or after April 2nd, 2018. Please give me a call for more details.

          ∙ Highlighted Requirements:

               ▫ Applies to conventional loans with Note dates on, or after, September 25, 2017

               ▫ Correspondents are required to submit their UCD files to both Agencies and provide Home Point Financial with proof of a successful submission by including a copy of both the UCD Findings Reports with the closed loan package

               ▫ For more UCD requirements, please give me a call

• Purchase conditions are not reviewed until all conditions are submitted to 100%

• All loans locked and registered in TPO Connect will be completed in TPO Connect

Have additional questions? Contact us today!