Please submit this form once the HELOC has passed the rescission period and funded.
**Payroll will not be processed if all steps are not completed.
HELOC Funding Notice Form must be completed within 10 days of HELOC Funding
FIGURE (TLS) HELOC
Loan and information tab should have the following information complete and correct:
Draw amount
Lien amount
HELOC type
Second Lien position
Note rate
Address
Term
Borrower Information tab is complete and accurate
FIGURE | The Loan Store is selected as the lender and the rate lock information is completed in the products and pricing screen. (Rate must show as locked, and interest rate must be accurate)
Under the Audit and Dates tab, make sure all dates are correct. All milestones from App Intake through Loan Funded must have a date entered. You can use the date they applied for App Intake through Docs Out status, however Docs Signed and Docs Funded dates must be confirmed from the Figure Portal or Loan Documents.