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#795308 - 08/15/07 05:17 PM Centralized Processing
Tryin-2-Comply Offline
100 Club
Joined: Apr 2003
Posts: 202
Hills of TN
We recently went to a centralized process for the application phase and it is not working well.

There are specific documents that are required to be done at application and specific ones to be done within three days -- we are struggling with timing and how to get this accomplished in the best manner.

Can some of you who are currently in centralized processing - give me some ideas on how you achieve this....

Thanks.

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Lending Compliance
#796102 - 08/16/07 02:28 PM Re: Centralized Processing Tryin-2-Comply
LoisLane Offline
Diamond Poster
LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
For those disclosures needed to be given at the time of application, place the disclosures in a folder along with the application. The employee working with the applicant is responsible for getting acknowledgement signatures on the documents and for giving the extra copy to the applicant.

All other disclosures can be mailed to the applicant by your centralized processing unit.
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#796965 - 08/17/07 01:37 AM Re: Centralized Processing LoisLane
Tryin-2-Comply Offline
100 Club
Joined: Apr 2003
Posts: 202
Hills of TN
Thanks for your answer --- we are already proving the disclosures at application - and then mailing the others -- thanks again.!!!

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