Author: VanDyk Mortgage

Good afternoon,

Later this month we will be launching a new Down Payment Assistance program through Lakeview Loan Servicing and Springboard CDFI. This program will be a piggyback off of Lakeview’s NO MI product and will offer an uncapped 4% DPA through a second lien.

Below are two training links for the origination staff.  One is for Tuesday February 12th and the other is for Wednesday February 20th.  Be sure to register for one of those trainings; you will be given the option to add the meeting to your OutLook calendar when you click on the link:

Lakeview Springboard Training for VanDyk-I/O product

Tuesday, February 12, 2019

10:00 am  |  Eastern Standard Time (New York, GMT-05:00)  |  1 hr

*Click the blue words below, “join the meeting” to join the WebEx screen share portion of the training call.

When it’s time, join the meeting

Lakeview Springboard Training for VanDyk-I/O Product

Wednesday, February 20, 2019

3:00 pm  |  Eastern Standard Time (New York, GMT-05:00)  |  1 hr

*Click on the blue words “join the meeting” to join the WebEx screen share portion of the call.

When it’s time, join the meeting.

We are introducing a new form in Encompass to serve as a “one-stop” location to house all information related to all our broker partners and initial approvals through Secondary for brokering loans.  This form can be found under “Forms” and ”Brokered Request Form”.  Our hopes are that this streamlines the brokered loan approval process at origination and provides for better communication to all parties involved with less back and forth.

The process post-approval to broker a loan remains unchanged.  As a reminder, ALL documentation to and from a brokered loan investor is required to be uploaded into the eFolder in Encompass.  General file flow information can be found at www.vdmc.net in the Production/Operations Shared Files.

How to Submit a Brokered Loan Request

• While in the loan file, from the top select “Loan” and “Apply Loan Template Set”.

• From the “Public Loan Templates”, select the “1. Brokered Templates” set.

• Select the correct template.
  • For Non-QM or jumbo requests, please select the appropriate Conventional template.

• A pop-up will generate informing the user to complete the Brokered Request Form”.  When “OK” is clicked, Encompass will automatically shift the user to the Brokered Request Form for completion.

• Complete the form and proper notification will be sent to secondary for approval/denial.

The Rockford, Michigan office is currently without power.  We’ll update everyone as soon as they are back up & running.