Disclosures

How do I request the Initial Closing Disclosure (CD)?

ICDs are automatically sent once a loan meets a set of readiness criteria, eliminating the need for LOs to manually request them.

Readiness criteria:

Loan status: Conditionally approved AND is not currently suspended
Rate lock: rate is currently locked
Title fees: present from any source
Homeowners insurance: quote exists
Mortgage insurance: quote exists IF LTV > 80%; not required if LTV ≤ 80%
Change of circumstance: no active or pending CoC
Same-day LE: no LE has been sent on the current calendar day

Where do I find income, credit, assets, and compliance documents?

Disclosures are made available in the ‘disclosures’ tab in the Command Center. All credit, income, asset and compliance documents are located in the Documents tab

All Asset and Income calculators used for the file are located in the Documents Tab

What does the loan officer sign, and what does the borrower sign?

The loan officer signs the Initial Disclosures in Command Center. The loan officer does not sign the Closing Disclosure or closing documents — those are signed by the borrower in Elements.

Once the borrower signs the Initial Disclosures, do order-outs begin even if the loan is not yet locked?

Yes. Once the Intent to Proceed (ITP) is signed, processing begins and Pylon proceeds with all necessary order-outs (appraisal, title, etc.), regardless of whether the rate has been locked.