1            

Go to Loan Summary ->Short Application.

           2            

Scroll down to the Mortgage Type section and make the following selections:

·         Lien Type:  First Mortgage

·         Mortgage Type:  Conventional Mortgage

·         Pricing Tier:  Non QM

           3            

Select the Amortization Type.

           4            

Select the applicable Product.

           5            

·         Investor defaults to Simple.

·         Select the applicable Program Type from the dropdown.

           6            

After completing all sections of the Short Application, click Save at the bottom of the screen to apply.

           1            

Go to Loan Summary->Short Application.

           2            

Scroll down to the Mortgage Type section and make the following selections:

·         Lien Type:  First Mortgage

·         Mortgage Type:  Conventional Mortgage

·         Pricing Tier:  Jumbo

           3            

Select the Amortization Type.

           4            

·         Product:  Jumbo 30 yr Fixed

·         Investor defaults to Jumbo II

·         Select the applicable Specialty Program from the dropdown.

           5            

Select the applicable Documentation Type from the dropdown.

           6            

After completing all sections of the Short Application, click Save at the bottom of the screen to apply.

           1            

Go to Loan Summary->Short Application.

           2            

Scroll down to the Mortgage Type section and make the following selections:

·         Lien Type:  First Mortgage

·         Mortgage Type:  Conventional Mortgage

·         Pricing Tier:  Jumbo

           3            

Select the Amortization Type.

           4            

·         Product:  Jumbo Elite 30 yr Fixed

·         Investor defaults to Jumbo.

·         Select the applicable Program Type from the dropdown.

           5            

Select the applicable Documentation Type from the dropdown.

           6            

After completing all sections of the Short Application, click Save at the bottom of the screen to apply.

           1            

Go to Loan Summary->Short Application.

           2            

Scroll down to the Mortgage Type section and select:

·         Lien Type

·         Mortgage Type

·         Pricing Tier

·         Amortization Type

·         Product

·         Loan Term Months

           3            

Select the Investor: Fannie Mae or Freddie Mac.

           4            

Select the Specialty Program. Dropdown list displays only specialty programs for the selected Investor.

           5            

 After completing all sections of the Short Application, click Save at the bottom of the screen to apply.

           1            

Go to Loan Summary->Short Application.

           2            

Scroll down to the Mortgage Type section and make the following selections:

·         Lien Type:  First Mortgage

·         Mortgage Type:  FHA or VA

·         Pricing Tier:  Conforming

·         Amortization Type

·         Product

·         Loan Term Months

           3            

·         Select the Investor:  Ginnie Mae

·         Select the Specialty Program. Dropdown list will display specialty programs only for the selected Mortgage Type (FHA, VA).

           4            

After completing all sections of the Short Application, click Save at the bottom of the screen to apply.

           1            

Go to Loan Summary->Short Application.

           2            

Scroll down to the Mortgage Type section and select:

·         Lien Type

·         Mortgage Type

·         Pricing Tier

·         Amortization Type

·         Product

·         Loan Term Months

·         Investor

           3            

Select Specialty Program: Texas Home Equity 50A6

Note: Brokers with Platinum status must lock 50(a)(6) loans directly with the REMN lock desk.

           4            

After completing all sections of the Short Application, click Save at the bottom of the screen to apply.

           1            

Go to Loan Summary->Short Application.

           2            

Scroll down to the Mortgage Type section and select:

·         Lien Type

·         Mortgage Type

·         Pricing Tier

·         Amortization Type

·         Product

·         Loan Term Months

·         Investor

Note:  Leave Specialty Program blank.

           3            

After completing all sections of the Short Application, click Save at the bottom of the screen to apply.

           4            

• Go to Full Application->Liabilities.
• Click Add Liability
  

           5            

Make the following selections:

·         Debt Type:  HELOC

·         Name of Creditor:  Symmetry HELOC

·         Applies To: Select Borrower(s)

           6            

Complete the following fields:

• Payment: Enter payment per HELOC guidelines
• Outstanding Balance:  Enter the HELOC draw amount
• Handling: Include in Debt Calculations
• Total Credit Line:  Enter max credit line
• Principal & Interest: Enter payment per HELOC guidelines
• Lien Type:  Second Mortgage
• Concurrent:  Place a checkmark
  

           7            

Purchase Loans:  Click Save

Refinance Loans:  Associate the property to the HELOC.

·         Click Choose

·         Click the applicable property address

• Selected address will display in Associated Property section.
• Click Save.
  

           8            

Concurrent HELOC will display in the List of Liabilities and in the Other Financing section of Loan Summary->Short Application screen, and will be considered in AUS submission.