MORTGAGE DRIVER

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StoneHill Mortgage Driver™ Bookmark Stacking Order

Mortgage Driver uses the classifications assigned from the two-tier Classification Tree to build bookmarks to the first pages of documents in mortgage loan files. For example, a document with a Tier 1 classification of UW (for “Underwriting”) and a Tier 2 classification of  “FHA Loan Underwriting,” would have a bookmark with the label, “UW-FHA Loan Underwriting.”

Those bookmarks could be most easily arranged in the order in which they were encountered in the loan file, but with loan files sometimes containing over a thousand pages and potentially hundreds of documents, this approach would impose a significant burden on those using the files.

Another approach would be to arrange the bookmarks alphabetically so that users could find document types of interest. However, this would once again impose a burden on those whose work only requires examining a limited set of bookmarks.

Mortgage Driver’s solution is to allow clients to specify a Stacking Order for the documents in loan files. The top level in the stacking order designates the function or task that involves the use of the document types grouped under them. The second level uses the Tier 1-Tier 2 name of the classification assigned.

Here are some examples of how a stacking order can group different classifications. Note that the same document type may appear under more than one top-level stacking order label because different functions or tasks may involve looking at overlapping subsets of documents.

It is easy to create or modify stacking orders to meet your own specific needs – these are just examples

Data Entry

DISC-Closing Disclosure
ESCRW-Closing Instructions
UW -DU Findings
FCON-FHA Connection Case Number Assignment Results
UW-FHA Loan Underwriting
CREDT-Generic Credit Report
APPL-Loan
SPRT-Mavent/Compliance Ease
INS-MI Certificate Generic
WRKSHT-Misc
NOTE-Note
AGREE-Purchase
APPR-Report
INS-Title Commitment
INS-Title Policy
UW-Uniform Underwriting and Transmittal Summary
GOVT-VA Loan Analysis

Application/Processing

GOVT-Amendatory Clause
BRRWR-Borrower Authorization
APPL-Demographic Info Addendum
GOVT-For Your Protection Get a Home Inspection
SPRT-Fraud Guard
APPL-HUD VA Addendum to Uniform Residential Loan
GOVT-Important Notice to Homebuyers
DISC-Lead Paint
APPL-Loan
APPL-Loan
BRRWR-Proof of Citizenship
AGREE-Purchase

Appraisal

APPR-AVM Report
APPR-Builder Information
APPR-Builder-Home Warranty
APPR-Certificate of Occupancy
APPR-Collateral Desktop Analysis Form
APPR-Condo Project Manager
APPR-Condominium Questionnaire
APPR-Coop Agreement
APPR-Desk Review
APPR-Draw Schedule
APPR-Fannie Mae UCDP Submission Summary Report
APPR-FEMA Search
FCON-FHA Connection Appraisal Login Results
FCON-FHA Connection Case Number Assignment Results
GOVT-HUD 92800.5B
Appr-Inspection Report
APPR-Inspection Report
APPR-Misc
DISC-Notice of Value
DISC-Notice of Value
APPR-Plans
APPR-Private Road Agreement
APPR-Property Inspection Waiver
APPR-Report
APPR-Report
GOVT-Standard Flood Hazard Determination
INSPEC-Termite
GOVT-VA Lapp

Assets

INCO-Bank Statement
INCO-Bill of Sale
INCO-Bond Program
AGREE-Earnest Money Deposit
LTTRS-Gift
LTTRS-Letter of Explanation
LTTRS-Misc
INCO-Retirement Account Statement
INCO-Retirement Account Statement
INCO-Verification of Deposit

Credit

CREDT-Bankruptcy Document
CREDT-Cancelled Checks
CREDT-Generic Credit Report
CREDT-Generic Credit Report
LTTRS-Letter of Explanation
LTTRS-Letter of Explanation
LTTRS-Letter of Explanation
LTTRS-Letter of Explanation
INS-Lien Search
CREDT-Mortgage Statement
CREDT-Verification of Rent or Mortgage

Employment

IRS Forms SPRT-Internet Search
Income
TAX-All Other IRS Forms
TAX-All Other IRS Forms
TAX-Balance Sheet
WRKSHT-Cash Flow Analysis
TAX-Form 1099
TAX-Form 1099
TAX-Form 4506
WRKSHT-Income Analysis Worksheet
AGREE-Lease Rental
LTTRS-Letter of Explanation
GOVT-Military Status Report
LTTRS-Misc
LTTRS-Misc
INCO-Paystub
TAX-P-L Statement
TAX-Schedule K-1
BRRWR-Social Security Number Verification
INCO-SSA Award Letter
TAX-Tax Transcripts
GOVT-VA Leave and Earning Statement
INCO-Verification of Employment
INCO-Verification of Employment
TAX-W-2

Liabilities

CREDT-Credit Card Statement
INCO-Divorce Decree – Separation Notice
LTTRS-Loan Approval
CREDT-Misc
TAX-Misc
LTTRS-Misc
CREDT-Payoff Statement
CREDT-Student Loan Statement

QM Loans

WRKSHT-Ability to Repay
SPRT-Compliance Ease Report
SPRT-Mavent
WRKSHT-Misc

State Disclosures

DISC-State Forms

TRID Closing General

ESCRW-Closing Instructions
SECINST-Deeds
INS-Flood Insurance
ESCRW-Initial Account Statement
INS-Insurance Policy Homeowners
INS-MI Certificate Generic
INS-Misc
DISC-Mortgage Insurance Notice
NOTE-Note
DISC-Notice of Right to Cancel
DISC-Patriot Act
INS-Title Commitment
INS-Title Policy
GOVT-Upfront MIP-VA Funding Fee Receipt

TRID Closing Rate – Fees

DISC-Closing Disclosure
AGREE-Lock In
WRKSHc-Misc

TRID Compliance – LEcDISC-Affiliated Business Arrangement

DISC-ARM
CLSNG-Change of Circumstance
SPRT-Consumer Handbook on ARM
DISC-Fair Credit Reporting Act
DISC-Home Loan Toolkic
cISC-HUD Counseling Disclosure
DISC-HUD Informed Consumer Choice
DISC-Loan Estimate
DISC-Notice of Intent to Proceed
DISC-Privacy Policy
SPRT-Settlement Services Provider List
DISC-Tracking Sheet
Underwriting
APPL-Addendum to Uniform Residential Loan
cSDA-Conditional Commitment For Single Family Housing Loan Guarantee
UW-DU Findings
UW-DU Findings
FCON-FHA Connection CAIVRS Authorization
UW-FHA Loan Underwriting
UW-GUS Findings
APPL-HUD VA Addendum to Unicorn Residential Loan
SPRT-LDP GSA Certification Statement
UW-LP Fundings
USDA-Request For Single Family Housing Loan Guarantee
UW-Uniform Underwriting and Transmittal Summary
UW-Uniform Underwriting and Transmittal Summary
GOVT-VA Certificate of Eligibility
GOVT-VA DD214
GOVT-VA Loan Analysis

TRID Compliance – CD

DISC-Closing Disclosure
DISC-Misc
DISC-Misc
DISC-Seller Closing Disclosure
DISC-Settlement Certification
ESCRW-Waiver

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