NEVADA COUNTY PROCESSING SERVICES DBA J AND J PROCESSING SPECIALISTS

NEVADA COUNTY PROCESSING SERVICES

DBA

J AND J PROCESSING SPECIALISTS

BELOW IS A REFERENCE GUIDE FOR YOU TO USE WHEN YOU ARE WORKING WITH OUR STAFF ON YOUR FILE.

Stage Contact Getting your NEW file in line for submission or disclosures

prep

(file will not be put in line until complete)

Email:

[email protected] (530) 205-9165

From new submission or disclosures prep through approval (if file is in suspense it will stay here until approval)

Jessica Burton

[email protected] (530)-205-9165

From approval, gathering and submitting conditions for a Clear to Close

Wholesale Doc orders/Escrow

Jerri Herrera and Nicole Amaral [email protected] [email protected]

(530)-273-8218 Mini Correspondence/ Post Closing/ Doc Drawing

(Warehouse Servicing) Wholesale Funding Review/Funding

(PRIORITIZED IN THE MORNING)

Jerri Herrera

[email protected] (530)-273-8218

Appraisal orders/Verification Orders/4506T orders/ SSA Verification orders/Bookkeeping/Administration/Closed

files

Emily Bearden [email protected]

(530)-273-8218  

Remember: Please send new submissions to [email protected]. Include in the subject line: Borrower’s name (last, first), whether it is a purchase or refinance, and whether it is for disclosures or submission.

Upon review of your submitted file, you will be contacted should anything be needed. The file will be placed in line upon receipt of needed items (turn times do not start until completed package is received.)

Upon approval you will be contacted to go over conditions, they will not be sent to lender until all are received.

For status on your loan please email the correct person(s). When sending the requested items or needed/requested conditions please send to the correct person(s).

Nevada County Processing Services

J and J Processing

9/10/2013

PROCESSING SCHEDULE OF FEES:

CONVENTIONAL Processing Fee $595.00

FHA/VA/USDA Government Processing fee $625.00

FHA 203K (it is highly recommended you get training) $995.00

FIRST AND SECOND Combo (same lender) $795.00

NCPS Processed file with Mini Correspondence with Doc Draw/ Funding/Post

Closing $895.00

NCPS Processed file with Mini Correspondence with Funding/ Post closing (Lender Draws Docs)

$795.00

Mini Correspondence with Doc Draw/Funding/Post Closing $495.00

Mini Correspondence with Funding/Post Closing (Lender Draws Docs) $395.00

NCPS Prepares Upfront Disclosures for borrower to sign:

 Due within 15 days of service unless file is submitted for processing at which point the fee will be included in final invoice.

$100.00

NCPS Prepares and completes subordination request to existing second mortgage holder (to avoid this charge you can use your escrow officer)

$50.00

RESUBMISSION for any reason (if NCPS prepares new disc) $100.00

RESUBMISSION for any reason (if LO provides new disc) $50.00

PREQUAL/TO BE DETERMINED PROPERTIES DU/DO only:

 If file becomes a purchase within 30 calender days the fee of $100 will be included in the normal processing fee and not due until close of escrow.

 If AFTER 30 days and UP TO 180 Days the file becomes a purchase and the $100.00 has already been paid the final processing fee will be LESS the $100.00 paid.

$100.00 DUE within 30 calendar days of invoice

PREQUAL/TO BE DETERMINED PROPERTIES for SUBMISSION:

 If file becomes a purchase within 30 calendar days the fee of $200 will be included in the normal processing fee and not due until close of escrow.

 If AFTER 30 days and UP TO 180 Days the file becomes a purchase and the $200.00 has already been paid the final processing fee will be LESS the $200.00 paid.

$200 DUE within 30 calendar days of invoice

*__________________________________ _________________

10/02/2012 Page 1 Loan Application and Disclosure Preparation Checklist

• All borrowers’ complete names and desired vesting

• All borrowers’ contact information (ie: home phone, cell phone, email address, etc.)

• Borrower’s mailing address

• Subject property address with zip code • Property type

• Disposition of subject property • LTV/CLTV

• Complete escrow information with escrow number, officer, and officer’s contact information (ie: phone number and email address)- let us know is NCPS is to open

• Lender information, including:

o AE name, phone number, and email address o Rate and Program

o Lock rate, or float rate o Comp plan specifications o Lock expiration

o Be sure to let us know if logins on record for you and/or your

company have changed

• Point/Calyx file, if Point/Calyx is not received with submission, a breakdown of fees as disclosed on the GFE2010 will be required and must reflect any credits and/or seller paid fees (if applicable)

• If purchase: Fully executed legible Purchase Contract • Credit Report

09/18/2012

Page 1

Submission Checklist

In order to get your file in line for submission, please send or let us know to order the following:

• All borrowers’ complete names and desired vesting

• All borrowers’ contact information (ie: home phone, cell phone, email address, etc.)

• Borrower’s mailing address

• Subject property address with zip code

• Property type

• Disposition of subject property

• LTV/CLTV

• Complete escrow information with escrow number, officer, and officer’s contact information (ie: phone number and email address)- let us know if NCPS is to open

• Lender information, including:

o AE name, phone number, and email address o Rate and Program

o Lock rate, or float rate o Comp plan specifications o Lock expiration

• Complete and accurate GFE2010 with Service Providers List as provided to borrower at time of application

• Point/Calyx file, if Point/Calyx is not received with submission, a

breakdown of fees as disclosed on the GFE2010 will be required and must reflect any credits and/or seller paid fees (if applicable)

• Completed, signed, dated, and fully executed compliance disclosures specific to the loan program type and the financing lender

• All supporting documentation needed to verify all information provided on the loan application- Must be dated within the last 30 days

• If purchase: Fully executed legible Purchase Contract

• Credit Report

NEVADA COUNTY PROCESSING SERVICES

Must be completed and signed with each file.

THE INFO PROVIDED WILL BE USED FOR THE PROCESSING AND SUBMISSION OF THIS LOAN:

Borrower: _______________________________________ Email: __________________________________ Phone: _______________________ Wk: _______________________ Cell: ___________________________ CO-Borrower: ___________________________________ Email: __________________________________ Phone: _______________________ Wk:_______________________ Cell: ___________________________ Property Address: ________________________________________________________________________ Current Address: _________________________________________________________________________ MAILING Address: _______________________________________________________________________

Loan amount:____________________ Estimated Value:__________________ waiver? YES –or- NO Is NCPS to contact your borrowers direct for the items needed to process this loan? YES -or- NO

Is NCPS to complete the loan application and disclosures YES -or- NO If NO they must be provided and fully executed.

Is NCPS to charge processing to Borrower as third party fee (if lender allows) or send invoice direct to Broker? ________________________________________

PLEASE CIRCLE ALL THAT APPLY:

Purchase Investment Manuf. DU Refi Plus USDA Refi c/o No c/o SFR Duplex Conventional VA

Owner Occupied Condo Fixed FHA FHA/CHDAP 2nd 2nd _{Home PUD Adjustable FHA Streamline FHA203K}

IMPOUNDS: NO -or- YES Subordination YES –or- NO will NCPS prepare subordination? Yes –or- NO

Escrow/Title Info Is NCPS to open? Realtor Info – If purchased please provide YES -or NO

Officer: ______________________________________ Selling Agent: __________________________________ Escrow #: ____________________________________ Office: _________________________________________ Company: ___________________________________ Email: __________________________________________ Email: _______________________________________ Phone: _________________ Cell ____________________ Address: _____________________________________ Listing Agent: ___________________________________ Phone: __________________ Fax: ________________ Phone: _________________ Cell ____________________ Email: __________________________________________

Lock/Program Info – Locked YES -or- NO

LENDER and Program: _________________________ Rate: ___________ Loan Term: ______________ Rebate/Cost: ____________ Loan # ____________ Date Locked: ____________ App date: __________ Expires: ________________ Extended: __________

(if ARM): Margin: ______________ Index: ____________

By signing this form you acknowledge that you have provided all the info above and your loan is ready for submission and/or the preparation of loan application and disclosures.

Loan Orig. Signature: ___________________________________________ Date: _________________ Phone: ______________________________ Email: _________________________________________

revised 9/18/2012

LOAN INFORMATION [email protected]

Lender paid / Borrower paid

Comp plan & admin (if applicable):_________

Lender LOGIN: _____________________ Password: ________________________