Process

(Coming Soon)

Wholesale Submission Process

PRODUCTION TEAM - (833) 258-5626
Submission assistance, scenarios, exceptions, broker approvals, escalations...and more
Eric Rogers - 949-502-0694 - eric@altloan.com
Blake Scheifele - 424-252-2728 - blake@altloan.com

STEP 1: GET PREQUAL IN 1-MINUTE
- Click "PREQUAL ENGINE" at www.ALTLOAN.COM
- Complete 10 scenario questions and click "GET RESULT"
- Log-in NOT required until clicking "SUBMIT" on results page
- Broker Approval NOT required (required Prior-to-Docs)

STEP 2: SUBMIT LOAN
- Click on preferred result and adjust pricing if necessary
- Click “MATRIX” to review guidelines
- Click “SUBMIT” to submit loan
- You may be prompted to self-register or log-in after clicking "SUBMIT"
- Complete broker comp and on-line submission form
- Upload conditions
- Click “FINISH”

BROKER SIGN-UP
- Click "TPO APPROVAL" on home page or "RESOURCES"
- Call Production Team above for Comergence Invite with FREE CODE 1GP7J

APPRAISAL (2 Options):
- Broker transfers existing appraisal(s) - See instructions in "RESOURCES"
- Order through ALTLOAN Broker Portal after loan submitted (assigned Account Manager will assist)

MORTGAGE LOSS PAYEE CLAUSE
BM Real Estate Services Inc. ISAOA
5016 North Parkway Calabasas, Suite 200
Calabasas, CA 91302
Loan Number: ______________________

Wholesale Post-Submission Process

MORTGAGE LOSS PAYEE CLAUSE
BM Real Estate Services Inc. ISAOA
5016 North Parkway Calabasas, Suite 200
Calabasas, CA 91302
Loan Number: ______________________

LOAN BOARDING (24 hours)
Step 1 - Production Team reviews file and confirms pricing
Step 2 - Broker Portal credentials Issued to MLO and Processor
Step 3 - Disclosures and Preliminary Underwrite (income worksheet) ordered
Step 4 - Account Manager (AM) assigned

UNDERWRITING TURN TIMES (Days below = Business Days)
1-2 DAYS - Disclosures sent & Preliminary Income Underwrite done
24 HOURS - AM Issues NEEDS LIST for Final Underwrite & assists with appraisal ordering
1-2 DAYS - Final Underwrite Delegated (In-House UW who did Preliminary UW) - 75%+ of Products
2-5 DAYS - Final Underwrite Non-Delegated (Investor Underwrites file) - 25%+ of Products
1-2 DAY - PTD conditions reviewed for Clear-to-Close (No Piecemealing please)

LOCK - DOC - FUNDING TURN TIMES
1 DAY - Lock Request & Confirmation - send email to lock@altloan.com
SAME DAY - Locked LE sent same day as locked
NEXT DAY - CD sent out next business day after date locked
1-2 DAYS - Loan Docs are issued 1-2 days after Clear-to-Close
SAME DAY - Funding in wet states after loan documents are signed
NEXT DAY - Funding in dry states after loan documents are signed

OPERATIONS TEAM & SYSTEMS
BOARDING DEPARTMENT - Blake Uniack - blakeuniack@altloan.com - 818-878-8998
BROKER PORTAL - Where Brokers check status, view & upload conditions, view & write notes...and more
ACCOUNT MANAGER (AM) - Assigned Primary Contact to help get your loan funded ASAP
LOCK DEPARTMENT - lock@altloan.com 833-258-5626 ext. 5 (8:30 am - 4:30 pm PST)
SALES & OPERATIONS - 833-258-5626 (dial 1 for AE’s, 2 for AM’s, 3 for Loan Servicing, 4 for Other)

PRODUCTION TEAM
Customer service escalations, scenarios, exceptions, broker approvals...and more
Eric Rogers - 949-502-0694 - eric@altloan.com
Blake Scheifele - 424-252-2728 - blake@altloan.com

Wholesale 2

PRODUCTION TEAM - (833) 258-5626
Submission assistance, scenarios, exceptions, broker approvals, escalations...and more
Eric Rogers - 949-502-0694 - eric@altloan.com
Blake Scheifele - 424-252-2728 - blake@altloan.com

STEP 1: GET PREQUAL IN 1-MINUTE
- Click "PREQUAL ENGINE" at www.ALTLOAN.COM
- Complete 10 scenario questions and click "GET RESULT"
- Log-in NOT required until clicking "SUBMIT" on results page
- Broker Approval NOT required (required Prior-to-Docs)

STEP 2: SUBMIT LOAN
- Click on preferred result and adjust pricing if necessary
- Click “MATRIX” to review guidelines
- Click “SUBMIT” to submit loan
- You may be prompted to self-register or log-in after clicking "SUBMIT"
- Complete broker comp and on-line submission form
- Upload conditions
- Click “FINISH”

BROKER SIGN-UP
- Click "TPO APPROVAL" on home page or "RESOURCES"
- Call Production Team above for Comergence Invite with FREE CODE 1GP7J

Correspondent Non-Delegated 2





Correspondent Delegated 2

MORTGAGE LOSS PAYEE CLAUSE
BM Real Estate Services Inc. ISAOA
5016 North Parkway Calabasas, Suite 200
Calabasas, CA 91302
Loan Number: ______________________

LOAN BOARDING (24 hours)
Step 1 - Production Team reviews file and confirms pricing
Step 2 - Broker Portal credentials Issued to MLO and Processor
Step 3 - Disclosures and Preliminary Underwrite (income worksheet) ordered
Step 4 - Account Manager (AM) assigned

UNDERWRITING TURN TIMES (Days below = Business Days)
1-2 DAYS - Disclosures sent & Preliminary Income Underwrite done
24 HOURS - AM Issues NEEDS LIST for Final Underwrite & assists with appraisal ordering
1-2 DAYS - Final Underwrite Delegated (In-House UW who did Preliminary UW) - 75%+ of Products
2-5 DAYS - Final Underwrite Non-Delegated (Investor Underwrites file) - 25%+ of Products
1-2 DAY - PTD conditions reviewed for Clear-to-Close (No Piecemealing please)