Overview
By default, the 1003 Loan Application automatically flows over to your LOS when the application is completed through the Apply Now Prospect stage. However, LO Teams can still export this data to the LOS in the loan flow stage through the integration by enabling the option to run the export upon accepting the document from the pending bucket.
To help remain compliant, Floify only allows one 1003 export to the LOS, and this feature allows you to control the timing of it.
This feature is available as a company-level setting, and requires that you are connected to Encompass and Byte. To enable, have an admin follow this guide.
How to Setup
From the company dashboard, navigate to Company Settings > Apply Now Settings > Apply Now General Settings and press Edit Apply Now General Settings:
From there, enable the option labelled Accepting a 1003 displays an option to export 1003 to Encompass/Byte. Select whether you would like to enable the export For all loans or Only when loan is created from 'Start New Loan Flow' page (not when converted from a Prospect). Scroll down and press Save to apply the changes.
LO Teams will now have the export option available for any 1003 application within the parameters selected that has not already been exported.
When For all loans is selected, the 1003 push will not happen upon application submission or conversion, and will be delayed until the LO accepts the 1003. It is advised to turn off the auto acceptance of the 1003 for the most optimal workflow.
Note: Please be advised that exporting an application can override previously entered data in the LOS.
Exporting the 1003 in a Loan Flow
Once enabled, in a loan flow with a loan application pending review, where the 1003 was not previously exported to the LOS, LO Teams can follow these steps to export to the LOS.
First, in the pending bucket, locate the Loan Application (1003) document request and, after reviewing it as needed, select the Thumbs Up icon:
If the file is eligible to be exported, a warning message will display. Read the warning message, check the box to Export to your LOS, and press Accept:
The upload will begin. Allow the LOS a bit of time to update before accessing the file. Please keep in mind that if the file is Locked by another user, our integration may not be able to successfully complete the task.
Once this option is selected and the export runs, the modal will not show again. Further exports will need to be completed manually as needed.
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