HomeBridge Interactive Portal

Partners for the Path Ahead

HomeBridge Interactive Portal

Submission Process


Training Agenda

Portal FunctionalitySubmission Overview

Document LibraryConditions- Review/Upload

Lock OverviewPurchase Overview

Purchase DispositionPurchase Conditions

Purchase AdviceCollateral

Purchasing General Information


Pipeline Management• Loan Submission• Upload Initial Documentation• Review HBC Loan Documentation• Conditions- Review / Upload• Lock Loans• Purchase Process

HIP Contains:• Seller Guides• Program Matrices/Guidelines• Announcements• Rate Sheets• Sales Contact Informationwww.homebridgecorrespondent.com

http://www.homebridgecorrespondent.com/


Submitting Loans through HIP is as Easy as 123!

Step 1- File Import

Step 2- Upload File Documentation

Step 3- Submit Loan


Step 1- File Import

New Loan Actions

• Closed Loan Review• Prior Approval Submission


Step 1- File ImportAUS Submission1. Enter- FannieMae:

• Case File ID • User ID• Password

2. Select Import

FHA Streamlines1. Select Manual Submission:

• Browse and attach file2. Select Import


Step 1- File Import

1. Complete contact information

2. Select- Register


Step 1- File ImportExceptions: Identifies critical information that is missing from the loan file submission• Select- Save Exception to File

Fatal Errors- Loan can not be submitted until missing information is updated.• Update FannieMae DU Case File • Rerun Desktop Underwriter• Retrieve updated Casefile ID on initially submission page in HIP

• Example- Missing Subject Property Address

Warnings- Loan can be submitted, however loan information must be updated prior to purchasing• Example- Missing dependent Age



Locate Loan in Pipeline• Double Click on loan or Select- Loan Details Summary



Select- Upload Documents



• Documents may be uploaded in batches or indexed appropriately• Select- Category• Select- Doc Type• Browse and Attach File• Select- Upload

Acceptable Document Types:• PDF• TIFF• TXT• HTM/HTML• XML

• Maximum individual document size: 40MB


Step 3- Submit Loan

Select- Submit Loan


Loan Details Summary• All loan functions are completed in the Loan Details Summary Screen

through the tabs and action buttons highlighted


Import History• Contains a list of the AUS/3.2 import history• Select Findings to review DU findings• Select note to add a note to that specific upload


Document Library• Contains Seller Uploaded Documents and HBC Uploaded Documents• Double click on any document name to review


Condition- Review / Upload• View Underwriting and Purchasing conditions• Select Upload to browse and attach condition(s)


Status History• Current Loan Status is always displayed in the header• View complete Status History of the loan


Lock Loan

Prior to Submission: Existing Loans:


Lock Loan- Prior to Submission

• Select New Loan Actions• Lock Prior to Submission


Lock Loan- Prior to Submission

AUS Submission:• Enter FannieMae Casefile ID, User ID & Password• Select Import

Manual Submission:• Attach FannieMae 3.2 File• Select Import


Lock Loan- Prior to Submission• Complete- Contact Info

• Select- Register


Lock Loan• Complete All required information• Select Price


Lock Loan

• Review Rates

• Select Price

• Select Lock

• Request Exception / Mandatory Pricing


Requesting Exceptions

• Requesting Mandatory Pricing

Example


Lock Loan

• Review Pricing

• Select Confirm


• Print Confirmation

• Click OK


Lock Loan- Existing Loan• Locate Loan in Pipeline• Select Lock


Lock Loan• Complete All required information• Select Price


Lock Loan

• Review Rates

• Select Price

• Select Lock


Lock Loan

• Review Pricing

• Select Confirm


• Print Confirmation• Click OK


Lock ChangeWhen modifying an existing locked loan:• Complete Lock Change form

• Form located on HBC website under resources

www.homebridgecorrespondent.com

• Email completed form to:[email protected]

http://www.homebridgecorrespondent.com/

mailto:[email protected]


Purchase Disposition• Available in Document Library• Double Click Purchase Disposition


CollateralHBC Custodian: Deutsche Bank National Trust Company

1761 East St. Andrew PlaceSanta Ana, CA 92705-4934

Attn: Team REMN

Custodian Requires: •Original Note • Bailee Letter •Original Note Endorsement • or Allonge

Seller to Endorse Note:Without Recourse Pay to the Order of

Real Estate Mortgage Network, Inc. DBA HomeBridge(Seller)

Signature of OfficerOfficers Name and Title

* The Endorsement for properties located in the states of Illinois, Maryland, Nebraska, New York, Rhode Island and Virginia should NOT reflect dba HomeBridge.


Purchase Advice• Available in Document Library• Double Click Purchase Advice


Seller Responsibilities

Once the loan has been purchased: • Transfer MERS MIN to REMN

• (Organization ID1002882)• Batch Number

• FHA Assignment, provide “results” printout• Final Pay History

Trailing Documents (within 120 days)• Original recorded Mortgage/Deed of Trust• Final Title Policy• Recorded Assignments• Any additional HBC specified Docs

Documents sent to:HomeBridgec/o Real Estate Mortgage Network433 Hackensack Avenue- 5th FloorHackensack, NJ 07601Attn: Final Docs

HomeBridge Interactive Portal

Documents

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