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PHL Lending Lock Procedures

Puzzle Type: Fun
Horizontales
For a lock to be transferred, the original loan and lock must be _____
15,30,45 and 60 days are different_______periods for different types of business
It is what happens to the lock request when one of the defined 10 Servicing Source Codes is not used
Worst Case Pricing: _____vs. current market
If the loan parameters don't qualify for any product, a____will appear indicating the product is ineligible
All pricing exceptions must be submitted through _______
One of 10 valid options for a Servicing Source Code
There are ____ valid reasons for a Price Exception
Lock________are limiting or altering loan information to achieve better pricing
_______ is defined as creating a duplicate application for the same property address
The _____source code is a marketing identifier which tracks the success of each channel
Making a loan active when a borrower's lock has expired and no extension was requested
Encompass symbolizes an expired lock with a red_____.
Verticales
There are____reasons a lock will be transferred
If the original loan is _______, the lock request for the re=apped loan will be denied
If the original loan has been moved to the Adverse Folder or the lock agreement expired before the transfer request was sent, the re-apped lock will receive ______ case pricing
Type of business that refinances a property that is not in Plant's servicing portfolio and all purchase transactions
Secondary is not responsible for making ______in Encompass
______receives an automatic email stating that a re-lock was requested
Where you price loans
Refinancing a property address that is in our servicing portfolio which has a principal balance greater than zero
________are levied for first, second and third offenses for violating the re-apped loans and the incorrect servicing source codes procedures
PHL strictly _____ the practice of re-aping a loan to receive better pricing
At anytime when in Encompass you can run the____loan check
Secondary provided a chart to be used to determine if a loan program change requires a new ________
Price_____ refers to any pricing that is not found on PHL's active rate sheet
A submitted re-lock will display a yellow______ on top of the padlock in Encompass
______of an extension fee may be granted when the delay was no fault of the customer
Loans eligible for re-locks will have _____locks.