Easily lock loans and manage locks from the REMN Broker Portal.

Lock a Loan

Rate Lock Extension

Relock

Note:   Once a loan is scheduled to close, lock changes must be requested via email at remnlock@remn.com.

Step

Action

       1        

Open the loan, select Loan Processing to open the menu, and select Lock Management.

  2        

Click the Lock button at the bottom of the screen.

  3        

The Lock Screen will open with loan information pre-populated. Enter the requested Lock Days, any *required information, and click the Price to Lock button.

Helpful Tips: 

• Lock will default to Lender Paid Compensation.
• To enter Borrower Paid Compensation –
  • Select Lender Paid Compensation: No
  • Enter the compensation amount or select BPC Paid as a Percentage and enter the percentage.
  • click Price to Lock.

  4        

A Pricing Details window will open.

·         Click the desired rate in the chart.

·         Pricing Adjustments will be listed and totaled below.

·         Scroll down to click the Lock button at the bottom at the bottom of the window.

Helpful Tip: Easily adjust lock length by modifying drop down at the top of screen.

  5        

The Lock Confirmation window will open. Review the information and click the Lock button.

  6        

A pop up will confirm that the Lock Request has been successfully submitted.

  7        

Helpful Tip: Click Print Confirmation to print or save the Lock Confirmation as a PDF for future reference.

  8        

The Lock Management screen will display the Lock in the Lock Price History.

Helpful Tip: Click the Magnifying Glass icon under Details to view the rate & points adjustments.

Follow the instructions below to extend your lock.

Note:   Once a loan is scheduled to close, rate lock extensions must be requested via email at remnlock@remn.com.

       1        

Open the loan to be extended. Select Loan Processing to open the menu, and select Lock Management.

Helpful Tip: keep track of Lock Expirations in the Alert Summary section of the Broker Portal Home screen. 

  2        

The Lock Management screen will reflect the current Lock information. Click the Extend Lock Button.

  3        

·         Enter the Lock Extension days from the options in the dropdown menu.

·         The Extension Adjustment, New Expiration Date, and Days to Expiration will populate according to the selection.

·         Click the Extend button at the bottom of your screen.

  4        

Click OK to confirm the Lock Extension.

  5        

The Lock Extension Confirmation will display with details of the extension.

Helpful Tip: Click Print Confirmation to view or print the Extended Lock.

If a lock has expired, follow the steps below to relock loan.

       1        

Open the loan to be relocked.

Helpful Tip: The Alert Summary on the Home screen has a quick link to Locks Expired, click to view a list of all loans with expired locks.

  2        

Select Loan Processing to open the menu, and select Lock Management.

  3        

Click the Relock button at the bottom of your screen.

 4        

Ensure all the required information is correct, and click the Price to Lock button.

Helpful Tip: Click Refresh with Loan Data to pull changes made on the Short Application screen into the Lock Screen.

  5        

Select the desired Rate from the chart, and click the Lock button.

  6        

The Lock Confirmation screen will open. Review the information and click Lock.

  7        

A pop up will confirm that the Lock Request has been successfully submitted.

Helpful Tip: Click the Print Confirmation button to view or print the Extended Lock.

  8        

The Lock Management screen will now display the details of the Relock.