Loan Onboard Process
Submission Worksheet
Please complete this document with every loan submission to Covey Financial.
Escrow Calculation
An often overlooked and very important item for Covey Financial is to correctly calculate the escrow payment. We provide a helpful excel template to assist lenders’ calculate the correct escrow payment.
Borrower Information and Servicer Disclosures
Please insert these forms into the closing package. They are very helpful to us and the borrower.
Gather executed loan docs
We retain a copy of the closing documents. We often have to refer to them and must ensure the loan is correctly set up in our system.
Gather property insurance information
Please send us a copy of the insurance policy.
Gather and share other escrow items
If there are items to be paid out of escrow, please share those details with us. Examples would be: insurance policy, tax statement(s), other statements (HOA, Pest, …etc.)
We must know the amount to pay, when to pay, and any reference number.
Deliver all items above to Covey Financial
Remit all the above items to Covey Financial via email or dropbox
