Export Loan Data | Formatting Tips | Download Loan back into Contour

Create an eMagic loan by exporting your Contour loan data and browsing for it at the site (eMagic.com and eMagic-hosted sites). You may also update loan data in Contour with changes made on the site.

Export Your Loan Data

Use this option if you want to Browse for the file from an eMagic site.

1. Open the borrower file in Contour and open ePass.

2. In the Underwriting section, click Fannie Mae DU and then Export Fannie Mae Format 3.2 (3.0).
   

3. The Required fields screen may display at this point. Select Mark Fields to complete required loan information in Contour, or Continue to complete it at the site (eMagic.com or a lender site hosted by eMagic).
   Note: Be sure to note the directory and the name of the file that was created.
   

4. Main Menu > Upload Loan tab.
   (Lender site: Main Menu > Upload/Key in New Loans tab.)

5. Click Browse.
   

6. Locate your saved loan file and click Open.
   

7. Select the desired action in the drop-down menu and click Go.

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Loan Data Formatting Tips

The following information contains helpful entry tips prior to submitting a loan. Be sure the entire loan has been entered before submission. Remember to Save Your Work!

Preliminary Information Screen

Complete the entire screen, including:

• Property type
• Purpose of loan
• Appraised value.

Uniform Residential Loan Application Screens

(Page 1)

• Enter a Lender Case #.
• Enter all borrowers’ social security numbers.
• Purpose of Refinance must be chosen from the field item list. To enter the correct code, double click in the field item list, highlight the appropriate refinance reason and click Paste. One of the following must be chosen:
  - Cashout/Home Improvement
  - Cashout/Other
  - Debt Consolidation Refinance/Cash Out
  - Limited Cashout Rate/Term 1% Max
  - No Cashout Rate/Term $100 Max
• Must select a valid DU Source of Down Payment, Settlement Charges / Subordinate Financing from the pick list.
  Tip: Press [ctrl][Z] on the keyboard to open the pick list.
• Do not use any punctuation when entering data in the borrower name or address fields.
  Tip: Omit all periods, commas, hyphens, etc
• For a previous job, you must enter the Date Hired and Date Terminated on the Employment Schedule.

(Page 2)

Deposit Schedule

• Open each VOD form to enter the following:
  - Assign each asset to either the Borrower, Co-Borrower, or Both.
  - Use the asterisk prior to the mortgage payment and mortgage balance if the loan is being paid off.

Liabilities Schedule

• Open each Request for Verification of Loan and complete the following:
  - Assign each liability to either the Borrower, Co-Borrower, or Both.
  - Account Type: must select from the list. (Press [ctrl][Z] on the keyboard to open the pick list.)
• Alimony, C/S Owed To: at the bottom of the 2nd Page URLA, enter the person’s name who is responsible for making the payments (rather than the person to whom the payments are going.)

Real Estate Owned Schedule

• Open each Request for Verification of Mortgage and complete the following:
  - Assign each Real Estate Owned to either the Borrower, Co-Borrower, or Both.
• Use the asterisk prior to the mortgage payment and mortgage balance if the loan is being paid off in this transaction.

Transmittal Summary Screen

• Verify Detached Housing box is correct.

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Download Loan File and Import Data into Contour

Update the original loan file in Contour with any loan data changes from the site.

1. Locate the desired loan on the site (eMagic.com or an eMagic-hosted site).

2. Click the Download File icon.
   

3. In Internet Explorer, the File Download box will appear. Click Save. (The downloaded file format will match the last file you uploaded - DU 3.2 or 3.0 data file format.)
   

4. The Save As dialog box will appear. Select the appropriate directory and click Save.
   

5. Minimize the browser and open Contour.

6. From the Loan Handler main menu, click Utilities, Import DU 3.0 FIles or DU 3.2 (if available).
   

7. Click Browse. Select the file you want to import and click Open.

8. Select folder to where you will import the file. Click Import.
   Note: V5.1 - V5.3 can import a DU 3.2. or 3.0 data file, but can not overlay an existing file. It will create a new file.
   
   

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