Broker Service Level Expectations

Broker Service Level Expectations


Thank you for your business and for the opportunity to collaborate and make this a win for you, your customers and for all of us! Your Western Bancorp team will do all we can to provide an efficient process and timely closings. In return please follow these requirements to avoid loan and/or lock cancellations:

Action Agreement Resources

File Receipt/New Registrations

A registered loan must have the submission package uploaded within the following time lines:

30 Day Lock: Within 7 Business Day of Loan File Registration

45 & 60 Day Lock: Within 10 Business Days of Loan File Registration

Float Rate Lock: Within 10 Business Days of the Loan File Registration

Western Bancorp Vault (requires Internet Explorer version 7.0 or newer)

Registration Forms

Appraisal Orders and Timing

30 day locks: appraisals must be ordered within 24 hours of lock.

45 day locks: appraisals must be ordered within 72 hours of lock.

Approved loans in a float status (un-locked): appraisals must be ordered within 10 business days of loan approval.

AMC Logins:
·Got Appraisal
·Property Science
·DVS

Appraisal Management Information & User Guides

Releasing Closing Documents

There must be a minimum of 7 business days remaining until lock expiration to release closing documents and will be automatically extended if necessary.

Document Request Form
(see “Closing Forms”)

Western Bancorp Lock Policy
(see “Policies and Procedures”)

Funding Review

Funding packages must be received within 72 hours of lock expiration.

Western Bancorp Lock Policy
(see “Policies and Procedures”)

Condition Receipt and Timing

Approved loans: Submit all PTD conditions at the same time and within 10 business days after initial loan approval.

Western Bancorp Lock Policy
(see “Policies and Procedures”)

Suspense Clearing

Suspended files must be approved (or denied) within 10 business days of Suspense Notice.

Product Matrices and Underwriting Guidelines

Income Calculation Worksheet
(see “Underwriting Forms”)