Loan Documentation User Guidehelp.onlinequity.com/User-Guides/1432_LoanDocuments_Users.pdf · Loan...

1This information is classified as WebEquity Solutions CLIENT CONFIDENTIAL and is for WebEquity Solutions client use only. Updated 14.32 Release - 9/11/14

Loan Documentation User Guide

Overview WebEquity Solutions (WES) lending application provides financial institutions with the ability to manage supporting loan documents with a new Credit Action Loan Documentation tab.

To assist in the efficient and accurate transfer of information from loan approval to loan documentation, this enhancement includes (1) a new form to effectively gather the information needed for loan documents and (2) the ability to export the information directly to a loan documentation provider (LaserPro or ComplianceOne).

Features The enhancement allows you to gather information helpful in the loan documentation process into one location. It provides the ability to expedite the information for loan documentation fulfillment and to send loan files to LaserPro or ComplianceOne.

Loan Documentation Tab

New Loan Documentation Tab

http://www.webequitysolutions.com/

2This information is classified as WebEquity Solutions CLIENT CONFIDENTIAL and is for WebEquity Solutions client use only.

Updated 14.32 Release - 9/11/14

Set Up Access to the enhancement depends on your site configurations, security settings, and subscriptions. The new credit action form for loan documentation consists of predefined fields configured by a system administrator.

Benefits This enhancement can provide one place where you can organize supporting loan documentation to help facilitate a prompt and accurate loan closing.

Definitions TERM EXPLANATION

ComplianceOne ComplianceOne is a third-party vendor that manages loan and account transactions by connecting major parts of your institution (including lending, mortgage, deposit, and IRAs) into one solution. Subscription required.

ComplianceOne was formerly known as ARTA Wolters Kluwer software.

Credit Action Credit Action is a term for a WES form, such as a loan application or credit presentation, customized according to business needs. Users access site choices from the Credit Action drop-down list of the lending application.

Harland Financial LaserPro

LaserPro® is a third-party vendor that manages compliance documentation for multiple loan and deposit account opening types for lenders of all sizes. Subscription required.

Quick Reference Topics

Navigation Paths

New Credit Action Model for loan documents

Loan Documentation Application Entryo General Informationo Entity Summary

Add Borrower Add Co-Signer Add Guarantor

o Collateral Summaryo Disbursement Summary

Vendor Export Process



Navigation Paths (2)

PATH EXAMPLE 1. Credit Action> (Model Name)> Loan Documentation> Add/ Modify/ Delete Loan Documents

Click the View link on Loan Doc Prep Forms to access the Loan Documentation Application Entry page.

Fly-Out Path

2. Credit Action> Add/ Modify/ Delete

Click loan documentation icon and the View link to access the Loan Documentation Application Entry page.

Add/ Modify/ Delete

Example of Credit Action Options with Loan Documents Icon

Add New Credit Action Model for Loan Docs

Follow these steps to add a new template for your loan documentation processing (blue line).

Example of Model Selection Filter Options

Step Instructions 1 In Description, type the unique name for this template (EX: Loan Documentation).

2 Click Model Selection Filter link to create a list of available credit action models. Click the Continue & Return link.

4This information is classified as WebEquity Solutions CLIENT CONFIDENTIAL and is for WebEquity Solutions client use only. Updated 14.32 Release - 9/11/14

Step Instructions 3 Click the Add link to post the new credit action to the list (below).

Credit Action Model

Example of Added Credit Action Model for Documents

4 On the row with the new template, click the documents icon .

Loan Doc Prep Forms

Example of Selecting a New Model

5 On the Loan Doc Prep Forms page that appears:

Type your name for the loan documentation preparation form.

Select its Model from the drop-down list and enter an Order number.

Select the Export Group checkbox to export the data to LaserPro.

From the export drop-down list, select the export group to receive the dataof the Loan Doc Prep Form.

Click the Add link.

Loan Doc Prep Form Options

New Loan Doc Form Added

6 From the line that includes the new model information:

Click the View link to access the Loan Documentation Application Entrypage where you identify the documentation data for the loan.

o Click the Duplicate link to copy this form to the list.o Click the Lock link to prevent changes to the form.o Click the PDF icon (right) to generate a printable report of this data.

Verify that the Export Group checkbox is activated and the correct group isselected to manage the export process.

When complete, click a Save link.

Loan Documentation Application Entry

On Loan Documentation Application Entry, use the drop-down lists, links, text entry fields, and checkboxes to import data from the WebEquity system to this application.

NOTE: Your System Administrator determines the options that apply to your specific institution's settings.

Custom Form Section

Custom Forms can be added to the Loan Documentation Application Entry. These sections will include additional information that will require user input by using the drop-down lists, links, text entry fields, and checkboxes.

The title of each custom form is set up at the Defaults level by your System Administrator.* Options seen in the custom form are set up by your System Administrator.



General Loan Information Section

Options to Import Data from WebEquity

1 Select data from the various options to populate the page.

EXAMPLE: Click Select Data to Import.

Example of Loan Data Available to Import to Application

Examples of Custom Forms added to Loan Documentation

Step Instructions



Entity Summary

Entity Summary section consists of borrower information and three links for additional information.

Add Borrower

Add Co-Signer

Add Guarantor

Add Borrower EXAMPLE: Click Add Borrower link to provide information about the borrower.

Example of Borrower Data to Import

Step Instructions 2 After you click an entity link, select from the Select Data to Import drop-down list to

populate this application. 3 Verify that Export? checkbox is selected to export data to your loan vendor.

Collateral Summary

EXAMPLE: Click Add Collateral link to provide information about the loan’s collateral.

Example of Collateral to Import

4 Select from the drop-down list of Select Data to Import drop-down lists to populate this page.

5 Complete additional entry fields and selections about the loan’s collateral.



Disbursement Summary

EXAMPLE: Click Add Disbursement link to provide information about disbursing the loan.

Example of Disbursement Options

Step Instructions 6 Select from the drop-down lists and entry fields, such as Amount, to complete

information about the distribution of the loan.

General Navigation Tips

NAVIGATION ACTION

Checkbox Select a checkbox to add its functionality; uncheck to remove.

Icons To change the position of a row, hold your pointer over the arrow (left of title) to drag-and-drop the selection to another location.

Click the printer icon to generate a report that you can print by selecting a format, export location, or additional ReportViewer options.

Move your pointer over the information icon for tips about the Loan Documentation template.

Links Save & Stay

Save &

Save &Menu

Saves changes and keeps you on the page.

Saves changes and returns you to the previous page.

Saves changes and returns you to the menu.



Export Process After a loan is approved, you can export the loan documentation information to a third-party vendor, such as LaserPro or ComplianceOne.

Your site system administration works with the WebEquity implementation team to coordinate how you receive the WES loan documentation files that you can send to your loan documentation vendor.

Export Files After your initial setup, continue to work with WebEquity Professional Services to generate the files to send to LaserPro or ComplianceOne.

1. WebEquity Professional Services e-mails configuration file (.txt) to you. Customize thetext file to import into your LaserPro or ComplianceOne interface.

2. Launch the executable file to download loan files to your site’s export group.

Configuration File (.txt)

Open the e-mail for the WebEquity Document Downloader configuration file (.txt) and set up or verify the default values that create your executable file.

LaserPro Configuration File - Action and Script Specify WebEquity site. 

<add key="WEBEQUITY.ServiceURL" value="https://YOURSITE.onlinequity.com"/>

Enter your user name.  <add key="WEBEQUITY.UserName" value="YOUR USER NAME" />

Enter user’s password.  <add key="WEBEQUITY.Password" value="YOUR PASSWORD" />

Select version of the Export used.



<add key="WEBEQUITY.LoanDocType" value="SELECT BASIC OR PLUS" />

Select desired default customer record listing.



<add key="WEBEQUITY.CustomerSelectType" value="DESIRED DEFAULT VIEW" />

Select a loan document type.  <add key="WEBEQUITY.LoanSelectType" value="2" />

Select mark for download.  <add key="WEBEQUITY.MarkedForDownloadOnly" value="No" />

Show credit actions that are fewer than 60 days old.

 <add key="WEBEQUITY.Within60DaysOnly" value="No" />

Application Startup Path defaults to the location of the executable.

Executable File (.exe)

Launch the Web Equity Loan Document Downloader executable file (.exe) to pull current data from WES for the LaserPro process.

GENERAL STEPS: 1. Verify the default for the site’s LaserPro or ComplianceOne license, either LaserPro Basic

or LaserProPlus (circled on example). Both options will be blank for ComplianceOne.2. Complete WebEquity Loan Document Downloader fields.3. Click the Download Loans(s) button.

Executable File (.exe)

Fields

The settings of your site’s configuration file populate the fields of the Loan Document Downloader. Verify or change according to your business needs.

Example of Completed Executable File (LaserPro Basic)

FIELD DESCRIPTION Client Lookup Select loan(s) to download by clicking button(s) to filter according

to Client, Type, and/or Account Number.

Credit Actions Click Description button to identify loans by description of credit action.

Download Loan(s)

Click button to download the selections for your LaserPro file. After the download, a dialog box confirms the import to .txt file(s).

Forms Click Description button to identify loans by description of credit action form.

Loan Doc Prep Loans

Select checkbox to filter loans marked for download on Prep form and/or loans fewer than 60-days old. Default: All loan documentation credit action forms

Loans Click Select Loan(s) button to identify loan(s) you want to download.

Password Verify password associated with WebEquity user name

Select Customers by

Select method to identify customers from drop-down list. For example, show customers by export group, lender staff, or those who are only your clients.

Select Loans by

Select loan type from drop-down list. For example, select all loans, or those not previously downloaded, or only those that were previously downloaded.

User ID Verify or change the default setting of your WebEquity user name.

View Clients Click button to see the last 10 customers used on your loan documentation credit action forms.

WebEquity Web Site Address

Verify default setting for WebEquity URL.



For more information

WebEquity Solutions

Telephone: 800.264.0787Option 5 for Support

email: [email protected]



mailto:[email protected]

Loan Documentation User Guidehelp.onlinequity.com/User-Guides/1432_LoanDocuments_Users.pdf · Loan...

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