The "intelligent" workflows listed here are a part of the standard set of post-submission workflows enabled for a new customer. Each customer has the opportunity to configure each item, as noted below, or opt out of the workflow to conform with their credit policy. For "intelligent" workflows that are dependent on credit, they can only be enabled if credit is pulled in Blend.
Note: If you’d like to disable any of the listed workflows, please reach out to your Blend project team.
Loan officer's controls
LOs cannot modify the Application Template since that is set at the customer level. However, LOs can remove requests from an individual loan.
Tip: All documents detailed here will be available in Blend’s Docs tab for download or consumption via your current Blend-LOS integration.
Description: Automatically requests a Gift Letter to be signed by your borrower and borrower’s donor, inclusive of the following details:
Note: Triggered by borrower-entered applications only.
Configurable decisions: Display lender’s logo (from Blend branding) on Gift Letter
Description: Automatically requests Bank Statements (covering last 60 days of activity) for each account a borrower manually enters in Blend.
Description: Automatically generates Asset Statements (for last 60 days of activity) for each account a borrower connected in Blend.
Description: Automatically requests Paystubs for the last 30 days. If applicable, we will also additionally request an end-of-year paystub.
Description: Automatically requests up to 2 years of W-2s for each relevant employer, depending on borrowers’ start date
Note: Blend evaluates the start date and uses Feb 1 as the cutoff date to determine which two years of W-2s are requested.
Description: Automatically requests up to 2 years of 1099s
Personal Tax Returns
Description: Automatically requests up to 2 years of Tax Returns
Business Tax Returns or K-1s
Description: Automatically requests up to 2 years of Business Tax Returns or K-1s depending on the type of business and ownership percentage
Description: Automatically requests Tax Transcripts (4506-C) to be signed by each borrower. With the latest version of the form, only the primary borrower is required to sign the form. The co-borrower does not need to sign.
The following configurations can be made at the lender-level:
Annuity Award Letter, Deferred Compensation Award Letter, Pension Award Letter, and Social Security Award letter are not under Tax Transcripts. They should each get their own header.
Description: Automatically requests a Rental Agreement for each investment property
Real Estate Owned (REO)
Description: Automatically requests a Mortgage Statement for each relevant property (owned properties with outstanding mortgages and/or subject property that is being refinanced)
Other Financing Statement
Description: Automatically requests statement to validate any Additional Financing
Home Insurance Policy
Letters of Explanation
Large Deposit LOE
Description: Automatically requests a Large Deposit Letter of Explanation with source of deposit and supporting documentation, as applicable.
Credit Inquiry LOE
Description: Automatically requests a Credit Inquiry Letter of Explanation with a borrower-provided outcome and reason for each inquiry.
Late Payment LOE
Description: Automatically requests a Late Payment Letter of Explanation with a borrower-provided reason for each late payment.
Lookback period is configurable only at the lender-level.
Public Record LOE
Description: Automatically requests a Public Record Letter of Explanation with a borrower-provided outcome for each public record (judgment, tax liens, bankruptcies, etc…).
Description: Automatically requests lender-specified document from all borrowers
DISCLAIMER: The features on this page may not be applicable to your institution. Please reach out to Blend Support for more information on what features are enabled for your use.
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