CALHFA DISCLOSURE TUTORIAL

Step 1: Complete the normal process required to disclose a Conv, VA, and  FHA loan.

Step 2: Once you’re ready to disclose, go to the “Borrower Summary (Alameda)” form. Click the “CALHFA\GSFA Lock Request” button.

Step 3: Once inside the CALHFA\GSFA Lock Request Form, make sure that there is a loan number for “My Home Loan Number” and “Zip Loan Number”; these are required for 2nd and 3rd LE and CD.  If these fields are blank, contact support. Ensure that there is a loan amount and rate for “My Home Loan” and “Zip Loan”. If missing send back to LO\LP for these values.  They MUST be on the LE and CD.

Step 4: On the bottom half of the CALHFA\GSFA Lock Request Form, ensure that the Property information (Address, City, Zip, County, Census Tract) are filled in. If these fields are blank, check the 1003. Check the “Closing Costs My Home” and “Closing Costs Zip” fields and make sure they are populated. Note that the processing fee for “My Home Loan” CANNOT exceed $250, and the processing fee for “Zip Loan” CANNOT exceed $50.  Once the initial LE is sent the fees CAN go down but CANNOT Increase. At this time, we are not charging a notary or MERs fee, but in the future we may. So, a blank value is acceptable at this time

Step 5: Now click on the “eFolder” and click “eDisclosures”. When you get to the eDisclosure stacking template, you will need to click on “Add Additional Docs”.

You need to manually add 2 documents – CALHFA LE for 2nd (My Home), and CALHFA LE for 3rd(Zip).