Submitting your mortgage applications has never been easier

In the “Applications” section, the various types of mortgages are listed (i.e., first, second, and third). If there is only a first mortgage, the “Submission” section will automatically expand. Where you have multiple mortgages to submit, click the option button of the mortgage you want to submit to get to the “Submission” section.

In the “Submission” section, you must insert the required information in the various display fields. From the “Lender Type” drop-down, select “Private.” From the “Submission Method” drop-down, select “Electronic” or “Manual.” From the “Lender drop-down,” select “Canadian Mortgages Inc.”

You can enter any notes for the underwriter that are specific to this mortgage application in the “Lender Notes” field. You can also use the “Insert Consent Text” button (where needed) to insert a sentence stating that you have obtained consent from the borrower to pull a credit bureau (which requires you enter the date and time).

Before you submit your mortgage application, click the “Validate” button to ensure all necessary details have been entered properly. To submit electronically, click the “Submit” button to send the mortgage application to CMI. When the confirmation message appears, you can click “OK.”

To submit manually, you can click the “Print Application.” The submission will be logged in the “Submission History” section on the page.

Under the “Submit” tab (at the top right corner), scroll to the “Where do you want to submit” section. From the “Lenders” drop-down menu, select “Canadian Mortgages Inc.” and click “Choose lender.”

After you select CMI, the “Submit” page will open, and a draft of the mortgage application will open. The GDS/TDS information and mortgage request details are displayed on this page. If all required fields are completed correctly and there are no validation issues, enter the mortgage information and additional details such as the submission agent and agent on the deal. On this page, you can also enter specific notes for CMI’s underwriters.

Finally, scroll to “Submit” and select “Submit to lender.” Once the mortgage application has been submitted, you will see this noted on your deal portal and “Submission” page. An “Application ID” will also be assigned to your submitted mortgage application, and the lender status will be noted as “Submitted.”

In the “Mortgage Request Details” section, you can choose CMI as your lender by selecting “Canadian Mortgages Inc.” from the first drop-down box. You can also choose the product type from the drop-down box based on the products that are offered by CMI. On this page, you can also complete:

• Mortgage type
• Loan type
• Interest adjustment date
• First payment date
• Line of business (choose C for private lender)

In the “Mortgage Classification” section, enter additional details, including:

• Interest rate type
• Term type
• Payment frequency (other than monthly)
• Compounded period
• Terms
• Amortization period

Once you enter the amortization information, you can find out what the borrower’s monthly payments would be by clicking “Calculate.” This is also a good way to double-check that the borrower qualifies for the selected mortgage product by using the “Calculate” function in the “Qualifying Details” section.

In the “Lender Submission” section, enter the information on the agent and submission agent. You can also add broker notes, which should include your contact information (name, email and phone number).