Download & Process Loans

This document contains an introduction to eMagic, and step-by-step instructions for downloading and importing 1003 data into popular LOS programs.

1. eMagic

In the fast-paced mortgage world, eMagic.com provides you the speed and ease of one-click access to automated underwriting (AU) decisions, mortgage insurance, contract services, bundled services, rate locks, document imaging and delivery, and more. eMagic's utilities make it easy to manage loan data, order and track services, view and print documents, and compile and send virtual loan folders to underwriters.

It's fast. AU decisions in seconds, electronic file storage and underwriting delivery, and many loan tools right at your fingertips

It's easy. Access just one site, learn one easy-to-use interface, and work with just one set of loan data. Best of all - we provide free training and toll-free support

Find out how you can close more loans in less time with eMagic. (New window opens.)

2. Encompass

2.1 Locate an Application

In your backoffice, locate an application to download.

2.2 Select the Fannie Mae Link

This is an example of downloading one file. To download a one file, select the FNM3.x link. Do not enter a check in the check-box. Do not select the button, "Zip and Download Selected Files."

(To download multiple files, enter a check in the appropriate check box(s), then select the button, Zip and Download Selected Files. You'll need to have and be familiar with the program, Winzip.)

Download steps:

Select the FNM3.x link
Save

Navigate to the directory in which you store the downloaded loan files. This example illustrates saving a file to the Loans - Archive folder in EncompassData. (You will need to remember this location when importing into Encompass)

Optionally edit the File Name
Save

2.3 Run Encompass

You can import single or multiple Fannie Mae 3.x files directly into Encompass.

If you import the same file more than once, a new loan file with a new loan number is created for each duplicate file.

Once you import a loan file, only the system administrator can delete that file.

When you log in to Encompass, your Pipeline opens. The Pipeline is the starting point for viewing key information and initiating tasks for your assigned loans.

Note: If your assigned User Persona is Broker, the Dashboard opens when you log in to Encompass.

2.4 Import Into Encompass

From your Pipeline, click the Import button to open the Import wizard.
In the Import window, select Fannie Mae 3(x).
Continue
Navigate to the folder containing your downloaded loan applications.
Select the files to import.
In the Import To drop-down menu, select the Loan Folder, select Prospects or My Pipeline.
Select Import. The Progress and Status Indicator shows the file import progress. When this window closes, the import is complete.
Close the Import Fannie Mae dialog box.

2.5 Encompass Help and 0nline Manual

For additional help: Contact Encompass Support.

For the fastest service, please include your company name and Account ID with all your support inquiries.

Customer Support Line | 800 777 1718

Web-based Support | http://elliemae.com/support/support_encompass.asp

Email Support | customersupport@elliemae.com

2.6 Known Issues

Exceptions exist when exporting FNMA 3.2 format and importing into Encompass. After downloading from the Web and importing into Encompass, these exceptions may result in inconsistent, blank, or lost data in Encompass' 1003. After importing, be sure to check the accuracy of the data in the 1003 fields described below. The PDF / Acrobat file accurately displays the consumer's 1003 data.

Encompass, ver. 2.9
Download Formats: FNMA 3.2:

Top of Page 1 of Form 1003

Co-Borrower disclosure boxes may not be checked.

Section VI

Assets: Vested interest in retirement fund may add into Subtotal Liquid Assets, check list of assets.
Liabilities

Mortgage monthly payments may get included in Total Monthly Payments.
Separate Maintenance may not show up in total in Alimony section.
Schedule of Real Estate Owned, Mortgage Liens, Mortgage Payments and Net Rental Income.

3. POINT / Calyx

3.1 Locate an Application

In your backoffice, locate an application to download.

3.2 Select Download Link

These illustrated instructions describe how to download a Point Prospect (.PRS) file.

To download a Borrower (.BRW) file, select the .BRW link and save the file in Point's Borrower folder. The Borrower and Prospect folders are contained in the PNTDATA folder.

Note:

If you do not have access to a PROSPECT or BORROWER folder, you can also download using FNM3.2.
If you can't find your PROSPECT or BORROWER folder on your "C" drive, they may be on a network drive.

Click the link, "Calyx Point (.PRS file)." DO NOT place a check in the box. (Use check-boxes in combination with the "Zip AND Download Selected Files" button and WinZip.)

In the "File Download" dialog box, click "Save."

In the "Save As" dialog box, navigate your directory structure to the folder in which you store Prospect files. (default folder: "c:\Pntdata\Prospect.")

Save the file.

3.3 Run POINT

These instructions describe how to import a Prospect file. To import a Borrower file, select Borrower in steps 2 and 4 below.

Open Point. Select File | Rebuild List

In the Rebuild List dialog box, select Prospect. Select Start.

In the Rebuild List box, select OK. Close the Rebuild Index dialog box.

In the Loans pane, select Prospect. Select Search. You will see the newly imported Prospect files.

3.4 How to Import a Borrower/Prospect Master Template

Follow these instructions to import master template data into a borrower or prospect file.

Download and import the 1003 according to the POINT instructions described above. Download using either the .BRW or .PRS file format. Do not use the Fannie Mae (FNM3.X) format.

In POINT, open the loan file.
Follow the links: File | Import From | Borrower (or Prospect) Master File. The "Import Data from Borrower (or Prospect) Master File" dialog box will open.
Select the template file you wish to use.
Select Open.

The data from the Master template file will be imported into the borrower's (or prospect's) file.

3.5 Point Help and 0nline Manual

For additional help: Contact Calyx Product Support.

For the fastest service, please include your company name and Account ID with all your support inquiries.

Technical Support Line | 800 342 2599

Web-based Support | http://www.calyxsupport.com/down/index.htm

Email Support | support@calyxsoftware.com

To receive help instantly from any screen in Point, simply press F1 and a window appears containing the information you need to know about the screen or function you're using.

3.6 Known Issues

Point ver. 5.2 / 5.3

5.2a Patch required, or install ver 5.3

Please go to http://www.calyxsupport.com/down/index.htm to obtain a patch for Point version 5.2 and 5.3 download..

When the transaction is a refinance, and no property was entered in the "Schedule of Real Estate Owned" in Myers' online 1003, you may experience problems when importing the 1003 into Calyx Point. Here is a workaround to solve this situation.

In Point, highlight the "Property Address" field in the section, "Schedule of Real Estate Owned."
If the "More Entries..." field is blank, or zero, select "New." Point will populate the address from the Subject Property field.
The 5.2a patch and ver 5.3 should show "More Entries" 1 of 1. Previous versions were showing blank of 1, and you couldn't edit the Schedule of Real Estate.

All Versions

Download Formats: .PRS / .BRW

Exceptions exist between the file format specified by Fannie Mae and that used by Point. After downloading from the Web and importing into Point, these exceptions may result in inconsistent, blank, or lost data in Point's 1003. After importing, be sure to check the accuracy of the data in the 1003 fields described below. The PDF / Acrobat file accurately displays the consumer's 1003 data.

Section II Construction - Original Cost and Amount Existing Liens Source of Down Payment ...

Section V Borrower / CO-Borrower Net Rental Income Other Income
Section VI Assets Name and Address of Bank ... (fields) Cash or Market Value (fields) Vested Interest in retirement fund Automobiles owned Schedule of Real Estate Owned Status of Property, Sold, PS, Rental etc. Amount of Mortgages & Liens Mortgage Payments Net Rental Income
Section VII Borrower's closing costs paid by Seller

4. Genesis 2000

4.1 Locate an Application

In your backoffice, locate an application to download.

4.2 Select Download Link

Genesis 2000 versions 16x and above can import FNM3.x formatted files, as illustrated here.

To download a single file, click the FNM3.x link. Do not enter a check in the check-box. Do not click the button, Zip and Download Selected Files.

To download multiple files, enter a check in the appropriate check box(s), then click the button, Zip and Download Selected Files. You'll need to have and be familiar with the program, Winzip.

Download steps:

Click the FNM3.x link
Save
Navigate to the directory in which you store Fannie Mae files
Save

4.3 Genesis 2000 Manual

Please refer to the Genesis 2000 Manual for import instructions. Click on Download Manual and open Chapter 7 - Genesis 2000 Utilities.

5. Other LOS

5.1 Locate an Application

In your backoffice, locate an application to download.

It's likely your LOS supports the importation of Fannie Mae 3.x formatted files. These instructions describe how to download one file. (Note: NO check in any check box when downloading a single file.)

To simultaneously download many files, enter a check in the boxes next to the appropriate download links, then select "Zip AND Download Selected Files." After downloading many files, you'll need a program such as Winzip to manipulate the files.

View the borrower's record. Select the link, "FNM3.x."
In the "File Download" dialog box, click "Save."
In the "Save As" dialog box, navigate your directory structure to the folder in which you store Fannie Mae files. Save the file.

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