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Policy Submit - Announcing the Latest Integration & Guide!

  • Updated

Submit Policies Quickly with Fund-Exclusive Integration

E-Closing DT is getting better and better! Save time, streamline your post-closing process and reduce mailing costs with Policy Submit, the latest Fund-exclusive integration that lets you send final policy documents and images electronically to The Fund.

Policy Submit Guide

  • ORNTIC/The Fund is set as the Underwriter.
  • You must have pulled the Policy Jackets in order to Submit the Final policy information/images to The Fund.
  • You have executed the Calculated Prem AND saved using the Update Title Info button – this step is very important. If you make changes to this screen – you MUST hit the Update Title Info button, or the changes will NOT save.
  • The Total Coverage pulls from the Financial Information Screen.
  • Commitment Effective date is like a “rating date” – best practice is to use today’s date.
  • Prior Policy / Reissue Credit. This is the area you enter the amount on either the Owners (if a standalone Owners) or Simo. If a stand-alone loan, you will enter the amount under the Loan side only.

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If a reissue rate was added in the above area, you need to enter the following required information: Underwriter, Prior Policy Number, Coverage and Prior Policy Effective Date. 

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Select any endorsements needed for the policy. 

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Select Calculate Premium.

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Select Update Title Info to save.

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Go back to the Title Policy screen (selecting this sends you to the next screen and will be modified in a future phase of ECDT).

Verify your totals and rating information are accurate.

 

Select the [Upload Policy] button to launch the Fund Policy Manager wizard.

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You have 3 ways to select the documents to associate with each required item. 
These will show a Choose File green button.

#1 You can select the document from any in the Scanned/Saved documents for this file.

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#2 Drag and Drop

Simply drag and drop a document over the words “Drop Files.”
This also adds it to the Scanned/Saved documents area.

 

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#3 Attach from Desktop

Double click on the Drop Files box and a browser will open for you to attach the file from your desktop.

This also adds it to the Scanned/Saved documents area.

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Once all items are attached, your wizard will look like the image below.

 To change the attachment to any item, select the “trash bin” and reselect.

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Select Upload and you will see a status circle as it’s sending the policy information and images to The Fund.

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Once complete, your invoice will appear on the screen.

This invoice is auto saved to the Scanned/Saved documents section.

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Print the invoice and send in your payment.

 

Items to note:

  1. Advanced Rating items: Mortgage Modification, Substitution Loan and New Home discounts are not in the release of Policy Submit. Continue to mail those in to be processed.
  2. Future dates are not allowed.
  3. Errors (the most common for Policy Submit):
    1. You must have a closing date on the Financial Information screen.
    2. You must have a Legal Description on your Text Description screen.
    3. An RTF file is not a valid file type and will need to be changed to a doc, docx or pdf.

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