| LOAN DOCUMENTS | Lien Release |
|---|---|
|
Run VERID
To mail a loan document for a HELOC, what must you do first?
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When the loan is no longer active in the system.
When do we submit a purged lien request?
|
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No, faxes are completed by the associate using RightFax.
Do we submit an HLMS to fax the Note?
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Title Search or Recorded Deed of Trust
What must be sent for a purged lien request? (non mobile home)
|
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No, it would be considered an invalid document.
Can we mail a correspondence letter sent by a 3rd party to the borrower?
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Request ID to send in with needed documents
What must be provided to the client when submitting a purged lien release?
|
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Up to 30 business days plus an additional 7 business days for mailing
What is the time frame to mail a document not located in DMP?
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Removal of portion of the property that was used as collateral
What is a partial release of lien?
|
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Nothing! We can not send the client a copy of their loan application (Revised on 05/09/2022)
What must be read before faxing the loan application to the client?
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Does
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