This article describes the loan statuses that display in the loan officer pipeline.
For additional information download the Loan Originator User Guide. This feature may not be available with some LOS integrations. Clients who are integrated with an LOS should refer to the guide provided in the LOS Integrations category for their respective system.
Status Definitions
The pipeline contains loans with the following statuses:
Prospect — Files that you entered into the system but that you have not registered or submitted for lock approval. Once a file is in a Prospect status, you can edit the scenario, re-run the product search, and request a lock.
Registered — Files that you have saved but are not ready to lock. Once a file is in a Registered status, you can edit the scenario, re-run the product search, and request a lock.
Lock Pending — Files that you submitted for lock approval. The request stays in Lock Pending status while the secondary user reviews it. Once a file is in a Lock Pending status, you cannot edit the scenario or re-run the product search.
Locked — The secondary user accepted the lock request that you submitted for a loan, and the loan is locked. Once a file is in a Locked status, you cannot edit the scenario or re-run the product search.
Denied —The secondary user rejected the lock request for this file. Once a file is in a Denied status, you can edit the scenario, re-run the product search, and request a new lock.
Cancelled — The loan with a “Locked Pending” or “Locked” status was cancelled.