Getting complete control over your documents at any time is vital to ease your day-to-day tasks and boost your productivity. Accomplish any objective with DocHub features for document management and convenient PDF editing. Access, modify and save and integrate your workflows with other secure cloud storage.
DocHub provides you with lossless editing, the possibility to use any format, and securely eSign papers without the need of searching for a third-party eSignature alternative. Make the most of the document managing solutions in one place. Check out all DocHub functions today with your free of charge profile.
This tutorial explains how to log a subordination in the Encompass application. It features Jim and Pam testing a loan with a loan-to-value ratio below 80%. The loan details are outlined on 1003 page 2, noting that the customer has two mortgages. A new loan for $160,000 will pay off the first mortgage, which is marked as paid. On page 3, it's shown that the primary residence has $175,000 in liens, both of which are associated with it. The tutorial emphasizes the need to account for the second mortgage on page 2 of 1003 by executing a subordination, effectively moving the second mortgage into a subordinate position after closing the first mortgage.
