Mortgagebot EnterpriseLOS

Last Updated: 07/30/2019

Welcome to State Bank of Lincoln

IMPORTANT INFORMATION REGARDING YOUR IMPACTED LOAN CASEFILES
We recently discovered an issue with loan casefiles created in Desktop Underwriter® (DU®). From Sunday, July 21st through Tuesday, July 23rd, the system that assigns DU Casefile ID’s inadvertently reassigned existing loan casefile IDs for newly created loan casefiles. The issue was identified on July 24th and resolved that same day.

To ensure your DU casefiles are resubmitted as quickly and easily as possible, we ask that you please resubmit a new DU case (if you have not already done so) for all cases on the attached spreadsheet.

Casefiles marked as Category 1 (please reference the “Category” column or column “N”) have been impacted by the DU Casefile ID duplication error and requires a new DU casefile submission.

Casefiles marked as Category 2 (please reference the “Category” column or column “N”) must also have a new DU casefile submitted. Category 2 casefiles identified in the attached report are impacted by Uniform Closing Dataset (UCD). If these DU loans are submitted to UCD after closing they will fail at UCD submission. These casefiles will not result in an error in DU. However, if you try to use these casefiles for UCD they will fail your UCD submission.

We understand that this is an inconvenience and we appreciate your help. If you have any additional questions, please call 1-800-2FANNIE, or contact your Fannie Mae representative.

Thank you

Do you want better pricing and the same great service from State Bank of Lincoln underwriters?

Check out the details at Resources>Resource Center>Correspondent Bank Channel>04/22/19 Pricing Update

DID YOU KNOW

Both the Mortgage and the Assignment of Mortgage must have the section that states “This Instrument Prepared By:” fully completed. Including the name and address of bank.

Effective April 1, 2019

If this information is not fully completed, we will require the documents be corrected and re-recorded.

Title Policy Update-For Conventional & RD loans only-Policy must show name of

insured as the originating bank, ISAOA.

DO user's - Findings have to be

final submit prior to UCD submission.

**Effective Immediately: Please include the MIC#, on Closing Disclosure's for Rural Development loans. This number is located on your Conditional Commitment as Borrower ID# and entered into Mortgagebot 1003-Government Tab, for users that prepare docs in Mortgagebot**

**Please complete the Settlement Agent License ID on Closing Disclosures**

REMINDER: All compliance and MortgageBot related questions should be submitted to correspondent@sblincoln.com. All questions will be transferred to a queue and answered as soon as possible. We appreciate your cooperation in this process so that our staff can provide you with more efficient customer service.

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Remember to check the Resource Center for Announcements and Updates!

Quick Links>Resource Center>

If you have any questions please call State Bank of Lincoln: 217-735-5552.