User Roles
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      1. KNOWLEDGE BASE
      2. User Roles

      Additional Tab In LendingPad

      The Additional tab in LendingPad displays additional information about a loan, such as appraisal information government data, and any custom fields added by system administrators.

      The Additional tab includes the following sections:

      Appraisal Information and Project Detail

      The Appraisal Information and Project Detail section displays information about the property appraisal.

      Data that can be reviewed and/or updated in this tab includes:

      • Appraisal Company
      • Appraisal Date
      • Rental value for each unit
      • Property Closing in Trust Indicator
      • Non Warrantable Condo
      • Project Design Type
      • Construction Method Type

       

      Compliance Information

      The Compliance Information section displays compliance information for the loan.

      Data that can be reviewed and/or updated in this tab includes:

      • QM
      • Ability to Repay
      • Non Qualified Mortgage Indicator

       

      Custom Fields

      The custom fields section is used to display custom fields setup by system administrators.

      • System Admins can create Custom Fields

      • It will show up in the Custom Fields section and not the Critical Dates section

      Please refer to the following video on setting up Custom Fields: How to create a custom field

       

      Flood Certificate Detail

      The Flood Certificate Detail section is used to display information about the property's flood certificate.

      Data that can be reviewed and/or updated in this tab includes:

      • Certificate Number
      • Company that provided the flood certificate
      • Contract Type
      • Special Flood Hazard Area indicator

      General Tracking

      The General Tracking section displays general information that can be used to track the loan. 

      Data that can be reviewed and/or updated in this tab includes:

      • Associated Campaign
      • Origination Type
      • Number of Days of Interest
      • Lien Position Type
      • MERS Min Id

       

      Government Data

      The Government Data section displays information related to government initiatives that are applicable to the loan.

      Data that can be reviewed and/or updated in this tab includes:

      • Refinance Type
      • Energy Efficient Home Indicator
      • 203K parameters
      • Residual Income
      Please refer to the following detailed article for entering a 203K: 203K

      Please also refer to the following article for entering VA Residual Income:  VA Residual Income

       
      Hazard Insurance Detail

      The Hazard Insurance Detail section displays details about the property's hazard insurance.

      Data that can be reviewed and/or updated in this tab includes:

      • Policy Number
      • Coverage Amount
      • Paid Through Date

       

      HMDA

      The HMDA section displays information regarding the Home Mortgage Disclosure Act (HMDA) applicable to the loan.

      Data that can be reviewed and/or updated in this tab includes:

      • Pre-approval Type
      • Action date
      • Purpose of Loan Type
      • Census Tract

       

      Mortgage Insurance Detail

      The Mortgage Insurance Detail section displays information about the property's mortgage insurance.

      Data that can be reviewed and/or updated in this tab includes:
      • Duration
      • Premium Payment Type
      • Premium Rate Plan
      • Scheduled Amortization Date
      Please refer to the following article for how to enter MI:

      How to enter Mortgage Insurance in LendingPad  

       
       

      Prior Liens

      The Prior Liens section displays details about prior liens on the loan. 

      Data that can be reviewed and/or updated in this tab includes:

      • Lender name
      • Term
      • Interest rate

      Note: This section displays based on the status of the loan or the type of loan.

      Sellers

      The Sellers section displays information about the selling party involved in the loan.

      Data that can be reviewed and/or updated in this tab includes:

      • Seller's Name
      • Seller's Phone Number
      • Seller's Address

      Note: This section displays based on the status of the loan or the type of loan

      Click the seller's phone number to call the number using your default voice program, or click the (Call with Dialpad) icon to call the number using Dialpad. You can also click the seller's address to display the location using Google Maps in a separate browser tab.

       

      Trusts

      The Trusts section displays information related to how trust information will be displayed on the loan documents. 
      Data that should be updated in this tab includes:
      • Name of the Trust
      • Established Date
      • Established State
      • Trust Type
      • Trustees name as the should appear on the Signature line of the Note and Mortgage

      Please refer to this article for how to enter a trust: How to enter a trust

       
      Underwriting

      The Underwriting section displays information related to the underwriting process for the loan.

      Data that can be reviewed and/or updated in this tab includes:

      • AUS Type
      • Reserve Amount
      • Sales Concession Amount

      Important Notes: 

      For DO to recognize HomeReady: Set the  AUS Type to DU, then flip on the Community Lending toggle, then update the Product Type field to HomeReady, flip on the Seconds toggle and set the Seconds Repayment Structure Type.

      For LPA to recognize Home Possible: Set the AUS Type to LPA, then update the Program Types field to Home Possible.