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Processes T hat Work Loan Underwriting

Processes T hat Work Loan Underwriting. Presented by Tracy Beck and Susan Tachau Pennsylvania Assistive Technology Foundation (PATF) February 28, 2014. Webinar Agenda. Introductions Underwriting Process: The Nitty Gritty Data Collection Guaranteeing Loans: Web-based Forum

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Processes T hat Work Loan Underwriting

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  1. Processes That Work Loan Underwriting Presented by Tracy Beck and Susan Tachau Pennsylvania Assistive Technology Foundation (PATF) February 28, 2014

  2. Webinar Agenda • Introductions • Underwriting Process: The Nitty Gritty • Data Collection • Guaranteeing Loans: Web-based Forum • Loan Management – What Works for You? Feel Free to Ask Questions Throughout

  3. Introduction Who are we? Pennsylvania Assistive Technology Foundation (PATF)

  4. Loan Underwriting Process:Remember! Regularly review the loan application, closing documents, policy guidelines, & security. • Assure that underwriting practices and loan documentation are in accordance with current lending guidelines. Y:\Application\PATF APPLICATION TEMPLATES\loan application revised 1-20-2014 (PA Assistive Technology Foundation).DOC

  5. Loan Underwriting ProcessKeeping Organized • Central loan hub: easy access for everyone • Visual cues • Database: update, update, update • No files left behind • Security: website, loan databases, email, office space • Redundancy is good

  6. Loan Underwriting ProcessWhere to Start

  7. Loan Underwriting: OperationalKeeping Organized Central Loan Hub

  8. Loan Underwriting ProcessKeeping Organized Application Checklist Y:\Application\Low-Interest Folder Checklist 10-2013.docx

  9. Loan Underwriting ProcessDirect Lending Review credit Prepare closing documentation • Promissory note • ACH authorization • Notary form • Privacy notice DownHome Loan Report Credit (Credit Builders Alliance)

  10. Loan Underwriting ProcessAll those files! Booked/Paid/Denied/Withdrawn Loans

  11. Loan Underwriting ProcessLoan Database http://loanapp/applications/manage/?id=9772

  12. Guaranteeing Loans The Voting Process

  13. Guaranteeing Loans: A Web-Based Forum http://www.patf.us/forum/viewtopic.php?f=2&t=445

  14. Ten Years of Reading Credit Reports Led To… Financial education booklet for people with disabilities who are transitioning into adulthood. http://patf.us/images/stories/pdfs/patf_financial_education_booklet_2nd_edition.pdf (Hint: go to PATF’s website, www.patf.us, and go to the Publications tab. The financial education booklet is the last publication listed.)

  15. For More Information… Tracy Beck tbeck@patf.us Susan Tachau stachau@patf.us 888-744-1938 toll-free 484-674-0510 FAX www.patf.us Independence is priceless…we help make it affordable

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