Module 2: Setup Documents

Loan Setup is the stage of the mortgage lending process in which a Loan Setup clerk (also known as Jr. Processor) starts the income verification process, sets up the loan file in Encompass for the Processor, verifies the client’s intent to proceed (ITP), confirms disclosures have been sent or signed compliantly, and completes third-party order outs such as title, appraisal, and flood certificate request. Documents seen by the Loan Setup clerk during this process will be reviewed in this module.