Loans Submitted as a FLOAT, Lock Process
1. Contact Lock Desk
2. Provide if Comp BP or LP (Borrower Paid or Lender Paid
3. Confirm if UW and LP fees paid or buy out
4. Provide a copy of the Broker Lounge Pricing screen for the Loan
5. Lock Desk will generate the Price Lock and Lock Confirmation from Encompass
*Note: allow time for Encompass & Lounge to sync
6. New LE will need to be issued *Note: if IDS does not reflect update added manually
Broker Portal Pricing Screen Example:
