Origination Center

Tracks Initial and final verifications and could print borrower and co-borrower designated custom letters meant for external underwriters.The Milestone Management form was created for companies that use both delegated (in-house) underwriting and investor (external) underwriting. Along with some Business Rules, it allows Loan Officers and/or Processors the ability to finish Milestones on investor underwritten loans from Submittal to Funding on their own, while disallowing the ability to finish Milestones on delegated underwriting. This relieves in-house underwriters from having to advance the Milestones on investor underwritten loans while keeping the default behavior of those milestones on in-house underwritten loans.