Request Initial Disclosures (Emerging Banker)

Emerging Bankers who have REMN prepare their CD and Closing Documents (“ED’s”) will have the ability to generate initial disclosures through the HUB.

States currently eligible for automated disclosures (additional states will be available in the future):

 AL, AR, AZ, CA, FL, GA, NJ, and TX.

All initial disclosure packages include federal, state, and program disclosures and are delivered to the borrower and MLO to electronically sign. Emerging Bankers can request initial disclosures with or without a full credit package. (NOTE: Documents will print with a REMN-issued loan number.)

 Initial Disclosure Packages will Include:

• All Federal and State required disclosures including the Loan Estimate (LE)
• All USDA disclosures
• All FHA disclosures except:
  • Lead based paint disclosure (purchase)
  • Amendatory clause (purchase)
• All VA disclosures except:
  • Amendatory Clause (purchase)

Important:  It is the Emerging Banker’s responsibility to provide their own privacy notice to the borrower when required.

Process Overview:

1. Import MISMO 3.4 file.
2. Update Borrower Contact Information.
3. Enter  Contact Information.
4. Enter Fees & Closing costs.
5. Upload Documents (optional)
6. Submit to AUS (optional)
7. Preview Initial Disclosures.
8. Generate Initial Disclosures. (MLO  will receive a confirmation email).
9. The MLO must eSign any disclosures sent to them for the initial disclosure package.

Notes:

• The Borrower and MLO links will expire 10 calendar days from the date REMN issues the disclosures.
  • To have the link to the initial disclosure package resent (within the 10 calendar days) – Contact the REMN Disclosure Department at tila@remn.com 
• Once the MLO and Borrower(s) have electronically signed all disclosures, the Emerging Banker must Submit to Setup in the HUB by:
  • Submitting to AUS and uploading the minimum required submission documentation for Submit to Setup (if not previously uploaded)
  • Return to the Loan Submission screen to Submit to Loan Setup.