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Loan Origination and Loan Origination and Closing Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s October 2001 grant in support of LIIF’s continued information technology (IT) development. Materials posted by LIIF outline the organization’s strategic IT plan, as well as document the implementation process of this plan. LIIF’s IT plan included customization of loan servicing software, report automation, impact statistics generation, fund administration, and asset liability monitoring. LIIF’s knowledge and experience developing this IT workplan is posted as an aid to other non-profit Community Development Financial Institutions (CDFIs) who may be generating their own IT workplan and who may find the subsequent materials helpful in that regard. Copyright 2002:

Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

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Page 1: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Loan Origination and ClosingLoan Origination and Closing

The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s October 2001 grant in support of LIIF’s continued information technology (IT) development. Materials posted by LIIF outline the organization’s strategic IT plan, as well as document the implementation process of this plan. LIIF’s IT plan included customization of loan servicing software, report automation, impact statistics generation, fund administration, and asset liability monitoring. LIIF’s knowledge and experience developing this IT workplan is posted as an aid to other non-profit Community Development Financial Institutions (CDFIs) who may be generating their own IT workplan and who may find the subsequent materials helpful in that regard.

Copyright 2002: LIIF

Page 2: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 3: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 4: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Borrower MarketingBorrower Marketing

Page 5: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Market LIHFProducts

MarketingProspects

LIHF LendingStaff

Borrower MarketingBorrower Marketing

Page 6: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Market LIHFProducts

MarketingProspects

SeekFundingSolution

MarketingMaterials

Sponsor / Borrower

LIHF LendingStaff

Borrower MarketingBorrower Marketing

Page 7: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Market LIHFProducts

MarketingProspects

SeekFundingSolution

Intention toPursue Loan

MarketingMaterials

Sponsor / Borrower

LIHF LendingStaff

Borrower MarketingBorrower Marketing

Page 8: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Market LIHFProducts

MarketingProspects

SeekFundingSolution

Intention toPursue Loan

InterestedSponsor List

MarketingMaterials

Sponsor / Borrower

LIHF LendingStaff

Borrower MarketingBorrower Marketing

Page 9: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 10: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 11: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Project QualificationProject Qualification

Page 12: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Project QualificationProject Qualification

QualifyProject and

Sponsor

InterestedSponsor List

LIHF LendingStaff

Page 13: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Project QualificationProject Qualification

QualifyProject and

Sponsor

InterestedSponsor List

Provide LoanInformation

Loan Guidelines,Requirements

and Pre-Application

Sponsor / Borrower

LIHF LendingStaff

Page 14: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Project QualificationProject Qualification

QualifyProject and

Sponsor

InterestedSponsor List

Provide LoanInformation

Filled outPre-Application

Loan Guidelines,Requirements

and Pre-Application

Sponsor / Borrower

LIHF LendingStaff

Page 15: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Project QualificationProject Qualification

QualifyProject and

Sponsor

InterestedSponsor List

Provide LoanInformation

Filled outPre-Application

Loan Guidelines,Requirements

and Pre-Application

Sponsor / Borrower

Letter ofIntention(Optional)

LIHF LendingStaff

Page 16: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Project QualificationProject Qualification

QualifyProject and

Sponsor

InterestedSponsor List

Provide LoanInformation

Filled outPre-Application

QualifiedProject List

Loan Guidelines,Requirements

and Pre-Application

Sponsor / Borrower

Letter ofIntention(Optional)

LIHF LendingStaff

Page 17: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 18: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 19: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

UnderwritingUnderwriting

Page 20: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

UnderwritingUnderwriting

PrepareNarrative

QualifiedProject List

LIHF LendingStaff

Page 21: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

UnderwritingUnderwriting

PrepareNarrative

QualifiedProject List

LIHF LendingStaff Other Financial

Entities, i.e., project partners

InvestorUnderwriting

Criteria

Page 22: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

UnderwritingUnderwriting

PrepareNarrative

QualifiedProject List

Provide DetailedLoan Data

ApplicationPacket

Borrower

LIHF LendingStaff

Other FinancialEntities, i.e.,

project partners

InvestorUnderwriting

Criteria

Page 23: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

UnderwritingUnderwriting

PrepareNarrative

QualifiedProject List

Provide DetailedLoan Data

ApplicationPacket

Borrower

Independent Experts

and External ConsultantsAudits,

Appraisals,Surveys

LIHF LendingStaff

Other FinancialEntities, i.e.,

project partners

InvestorUnderwriting

Criteria

Page 24: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

UnderwritingUnderwriting

PrepareNarrative

QualifiedProject List

Provide DetailedLoan Data

ApplicationFee

ApplicationPacket

Borrower

Independent Experts

and External ConsultantsAudits,

Appraisals,Surveys

Completed Application,Financial Reports,

Project and PropertyDocuments

Other FinancialEntities, i.e.,

project partners

InvestorUnderwriting

Criteria

LIHF LendingStaff

Page 25: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

UnderwritingUnderwriting

PrepareNarrative

QualifiedProject List

Provide DetailedLoan Data

ApplicationFee

Loans PendingApproval

ApplicationPacket

Borrower

Independent Experts

and External ConsultantsAudits,

Appraisals,Surveys

Completed Application,Financial Reports,

Project and PropertyDocuments

Other FinancialEntities, i.e.,

project partners

InvestorUnderwriting

Criteria

LIHF LendingStaff

Page 26: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 27: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 28: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ApprovalLoan Approval

Page 29: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ApprovalLoan Approval

PresentLoan Packet

Loans Pending Approval

LIHF Lending Staff

Page 30: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ApprovalLoan Approval

PresentLoan Packet

Loans Pending Approval

Review &Approve

Loan

LIHF Loan Committee(or Staff)

LIHF Lending Staff

LoanNarrative

Page 31: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ApprovalLoan Approval

PresentLoan Packet

Loans Pending Approval

Review &Approve

Loan

Loan Approval(with conditions)

LIHF Loan Committee(or Staff)

LIHF Lending Staff

LoanNarrative

Page 32: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ApprovalLoan Approval

PresentLoan Packet

Loans Pending Approval

Review &Approve

Loan

Loan Narrative

Loan Approval(with conditions)

LIHF Loan Committee(or Staff)

LIHF Lending Staff

LoanNarrative

Review &Approve Loan

Package

Other Financial Entities

Page 33: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ApprovalLoan Approval

PresentLoan Packet

Loans Pending Approval

Review &Approve

Loan

Loan Narrative

Loan Approval(with conditions)

LIHF Loan Committee(or Staff)

LIHF Lending Staff

LoanNarrative Loan Approval

Review &Approve Loan

Package

Other Financial Entities

Page 34: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ApprovalLoan Approval

PresentLoan Packet

Loans Pending Approval

Review &Approve

Loan

Loan Narrative

ApprovedLoans

Loan Approval(with conditions)

LIHF Loan Committee(or Staff)

LIHF Lending Staff

LoanNarrative Loan Approval

Review &Approve Loan

Package

Other Financial Entities

Page 35: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 36: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 37: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan CommitmentLoan Commitment

Page 38: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan CommitmentLoan Commitment

NegotiateCommitment

ApprovedLoans

LIHF Lending Staff

Page 39: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan CommitmentLoan Commitment

NegotiateCommitment

ApprovedLoans

LIHF Lending Staff

Accept / RejectLoan

Conditions

Borrower

Commitment Letter

Page 40: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan CommitmentLoan Commitment

NegotiateCommitment

ApprovedLoans

LIHF Lending Staff

Accept / RejectLoan

Conditions

Borrower

Commitment Letter

Request for Modifications

Page 41: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan CommitmentLoan Commitment

NegotiateCommitment

ApprovedLoans

LIHF Lending Staff

Accept / RejectLoan

Conditions

Borrower

Commitment Letter

Request for Modifications

ApproveLoan

Modifications

LIHF Loan Committee(or Staff)

Loan Change Request

Page 42: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan CommitmentLoan Commitment

NegotiateCommitment

ApprovedLoans

LIHF Lending Staff

Accept / RejectLoan

Conditions

Borrower

Commitment Letter

Request for Modifications

ApproveLoan

Modifications

LIHF Loan Committee(or Staff)

Loan Change Request

Loan Change Approval

Page 43: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan CommitmentLoan Commitment

NegotiateCommitment

ApprovedLoans

LIHF Lending Staff

Accept / RejectLoan

Conditions

Borrower

Commitment Letter(with modifications)

Request for Modifications

ApproveLoan

Modifications

LIHF Loan Committee(or Staff)

Loan Change Request

Loan Change Approval

Page 44: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan CommitmentLoan Commitment

NegotiateCommitment

ApprovedLoans

LIHF Lending Staff

Accept / RejectLoan

Conditions

Borrower

Commitment Letter(with modifications)

Signed Commitment Letter with

Commitment Fee

Request for Modifications

ApproveLoan

Modifications

LIHF Loan Committee(or Staff)

Loan Change Request

Loan Change Approval

Page 45: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan CommitmentLoan Commitment

NegotiateCommitment

ApprovedLoans

CommittedLoans

LIHF Lending Staff

Accept / RejectLoan

Conditions

Borrower

Commitment Letter(with modifications)

Signed Commitment Letter with

Commitment Fee

Request for Modifications

ApproveLoan

Modifications

LIHF Loan Committee(or Staff)

Loan Change Request

Loan Change Approval

Page 46: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 47: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 48: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Page 49: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

LIHF Lending Staff

Page 50: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

Fulfill LoanConditions

Borrower

LIHF Lending Staff

Check list ofClosing Documents

Page 51: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

Fulfill LoanConditions

ClosingDocuments

Borrower

LIHF Lending Staff

Check list ofClosing Documents

Page 52: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

Fulfill LoanConditions

Copies of Closing DocumentsClosing

Documents

Borrower

LIHF Lending Staff

Check list ofClosing Documents

Prepare Loan

Documents

Legal Counsel

Page 53: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

Fulfill LoanConditions

Copies of Closing DocumentsClosing

Documents

Borrower

LIHF Lending Staff

Check list ofClosing Documents

Prepare Loan

Documents

Legal Counsel

Legal Loan Documents

Page 54: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

Fulfill LoanConditions

Copies of Closing DocumentsClosing

Documents

Borrower

LIHF Lending Staff

Check list ofClosing Documents

Prepare Loan

Documents

Legal Counsel

Legal Loan Documents

Other FinancialEntities, i.e.,

project partners

Legal Loan Documents &Service Fee

Page 55: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

Fulfill LoanConditions

Copies of Closing DocumentsClosing

Documents

Borrower

LIHF Lending Staff

Check list ofClosing Documents Loan

Documents

Prepare Loan

Documents

Legal Counsel

ExecuteLoan

Documents

Legal Loan Documents

Other FinancialEntities, i.e.,

project partners

Legal Loan Documents &Service Fee

Borrower

Page 56: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

Fulfill LoanConditions

Copies of Closing DocumentsClosing

Documents

Borrower

LIHF Lending Staff

Check list ofClosing Documents Loan

Documents

Prepare Loan

Documents

Legal Counsel

ExecuteLoan

Documents

Borrower

Legal Loan Documents

Signed Documents

Other FinancialEntities, i.e.,

project partners

Legal Loan Documents &Service Fee

Page 57: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

Fulfill LoanConditions

Copies of Closing DocumentsClosing

Documents

Borrower

LIHF Lending Staff

Check list ofClosing Documents Loan

Documents

Prepare Loan

Documents

Legal Counsel

ExecuteLoan

Documents

BorrowerLegal

Documents

Legal Loan Documents

Signed Documents

DocumentSafekeeping

Other FinancialEntities, i.e.,

project partners

Legal Loan Documents &Service Fee

Page 58: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan ClosingLoan Closing

Handle LoanClosing

CommittedLoans

Fulfill LoanConditions

Copies of Closing Documents

ClosedLoans

ClosingDocuments

Borrower

LIHF Lending Staff

Check list ofClosing Documents Loan

Documents

Prepare Loan

Documents

Legal Counsel

ExecuteLoan

Documents

BorrowerLegal

Documents

Legal Loan Documents

Signed Documents

DocumentSafekeeping

Other FinancialEntities, i.e.,

project partners

Legal Loan Documents &Service Fee

Page 59: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 60: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Loan Origination & ClosingLoan Origination & Closing

Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up

Business ProcessesBusiness Processes

Page 61: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Post Closing Follow-upPost Closing Follow-up

Page 62: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Post Closing Follow-upPost Closing Follow-up

ClosedLoans

Follow up onClosed Loans

LIHF Lending Staff

Page 63: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Post Closing Follow-upPost Closing Follow-up

ClosedLoans

Follow up onClosed Loans

LIHF Lending Staff

Enter Loan in ServicingSystem

LIHF Finance Staff

Check / WireRequest

Page 64: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Post Closing Follow-upPost Closing Follow-up

ClosedLoans

ReviewServicing

Requirements

Borrower

Follow up onClosed Loans

LIHF Lending Staff

Enter Loan in ServicingSystem

LIHF Finance Staff

Check / WireRequest

LoanFunds

Page 65: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Post Closing Follow-upPost Closing Follow-up

ClosedLoans

ReviewServicing

Requirements

Borrower

Follow up onClosed Loans

LIHF Lending Staff

Post ClosingFollow-up Form

Enter Loan in ServicingSystem

LIHF Finance Staff

Check / WireRequest

LoanFunds

Page 66: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Post Closing Follow-upPost Closing Follow-up

ClosedLoans

ReviewServicing

Requirements

Borrower

Follow up onClosed Loans

LIHF Lending Staff

Post ClosingFollow-up Form

Enter Loan in ServicingSystem

LIHF Finance Staff

PaymentSchedule

Check / WireRequest

LoanFunds

Page 67: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Post Closing Follow-upPost Closing Follow-up

ClosedLoans

ReviewServicing

Requirements

Borrower

Follow up onClosed Loans

LIHF Lending Staff

Post ClosingFollow-up Form

Enter Loan in ServicingSystem

LIHF Finance Staff

PaymentSchedule

Check / WireRequest

LoanFunds

Loans ReceivableLedger

Page 68: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Post Closing Follow-upPost Closing Follow-up

ClosedLoans

ReviewServicing

RequirementsClosing Letter with Payment Schedule &

Monitoring Requirements Borrower

Follow up onClosed Loans

LIHF Lending Staff

Post ClosingFollow-up Form

Enter Loan in ServicingSystem

LIHF Finance Staff

PaymentSchedule

Check / WireRequest

LoanFunds

Loans ReceivableLedger

Page 69: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie

Copyright 2002: LIIF

Post Closing Follow-upPost Closing Follow-up

ClosedLoans

ReviewServicing

Requirements

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Servicing Guide - Fannie Mae | Home · Servicing Guide. Fannie Mae. Fannie Mae. Mae; Mae.

Servicing Guide - Fannie Mae | Home · Servicing Guide. Fannie Mae. Fannie Mae. Mae; Mae.

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Mortgage Brokers, Origination Fees, and Competition · Mortgage Brokers, Origination Fees, and Competition ... Mortgage Brokers, Origination Fees, and Competition ... borrower than

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Mortgage Lender Sentiment Survey® Special Topics …...Lenders in the Fannie Mae database are sorted by their firm’s total 2018 loan origination volume and then assigned into the

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SELLER GUIDE...Overview . Conventional Programs . Fannie Mae Conforming Program Fannie Mae High Balance Program Fannie Mae DU Refi Plus Program Fannie Mae HomeReady Program . Government

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Mortgage Lender Sentiment Survey™ - Fannie Mae...** The 2013 total loan volume per lender used here includes the best available annual origination information from sources such as

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Fannie Mae 2016 10K Press Release...Title Fannie Mae 2016 10K Press Release Author Fannie Mae Subject Fannie Mae 2016 10K Press Release Created Date 20170216191800Z

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Dependent Origination

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FICO® Origination Manager® Origination Manager... · FICO® Origination Manager (OM) is a comprehensive account origination platform designed to enable both large and small organizations

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GSM Basic Call Origination

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Fannie Mae Multifamily Mortgage Business Information · YTD June 2018 MF Business Information Presentation © 2018 Fannie Mae. Trademarks of Fannie Mae. 1 Fannie Mae Multifamily Mortgage

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Fannie Lou Hamer Political Action Committeeflhpac.org/wp-content/uploads/2020/10/slater9.pdfNov 03, 2020  · Fannie Lou Hamer 1917-1977 ABOUT FANNIE LOU HAMER Fannie LOU Hamer worked

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DU Validation Service Integration and Testing - Fannie Mae · PDF file© 2018 Fannie Mae. Trademarks of Fannie Mae. Fannie Mae Confidential and Proprietary February 2018 1 of 17

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Asia View Enterprises Ltd Businesses Logistics Logistics Origination and Trading Origination and Trading

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Litigation Involving Mortgage Origination

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Piyadassi Dependent Origination

Piyadassi Dependent Origination

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Account Origination

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Introduction To FHA Origination

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Corporate Loan Origination

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Fannie Mae 2018 Form 10-KTitle: Fannie Mae 2018 Form 10-K Author: Fannie Mae Subject: Fannie Mae 2018 Form 10-K Created Date: 20190213192600Z

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HOUSING FINANCE AT A GLANCE - Urban Institute · mortgage origination predictions for 2016, primarily due to lower projected interest rates (page 12) • Fannie Mae and Freddie Mac

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Analysis of Conditional Origination

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Paticcasamuppāda: Practical Dependent Origination

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REQUESTS for GUIDANCE on MORTGAGE ORIGINATION … · 12/20/2013  · Fannie Mae Selling Guide § B3 -6-04. Fannie Mae bases DT I calculations on monthly payments on installment debts

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Fannie Mae 2017 Form 10-K · Fannie Mae Subject: Fannie Mae 2017 Form 10-K Created Date: 20180213163100Z

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DEVELOPMENT ORIGINATION

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Mortgage Brokers, Origination Fees, and Competition · PDF fileMortgage Brokers, Origination Fees, and Competition ... Mortgage Brokers, Origination Fees, and Competition ... brokers

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Dependent Origination paṭicca-samuppāda

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CFPB Mortgage Examination Procedures Origination · PDF fileCFPB Mortgage Examination Procedures Origination ... CFPB Mortgage Examination Procedures Origination ... loans are “fully

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