This section controls which required docs are always on by default and can be conditionally linked to a loan program & numerous other loan parameters/conditions. So specific required docs only show up when the loan program & conditions match.
For example, if the loan program is Fix & Flip- you will need a rehab budget, and experience/track record… If Commercial Loan→ You need Rent Roll, P & L, etc.. OR if property type= Condo--> You need a condo questionnaire.
Also, certain required docs can be back-office only and will not be seen or uploadable by the borrower or other parties you indicate via the loan status & doc portal.
The required documents will follow the order via the Settings->Required Docs inside of the loan file.
*Please note*
When you are uploading required documents on the conditions, verify the correct file is being imported regarding the extension.
For example, if you upload the document "fileUpload.pdf," it will be successful. However, if you try to upload "file.upload.pdf.pdf," it will fail because the file upload server only recognizes the last extension. This method is standardized across all systems.
Please see this video as we updated the required documents on 9/11/2023
Video - Required Documents