1003 BASICS

Can I input information in the 1003 manager in ALL CAPITAL LETTERS?

You can use all capital letters to fill out fields in the 1003 manager. However, any passwords you enter into the system ARE case-sensitive and must be entered with the proper combination of upper and lower case letters.

Where is my information saved and can I retrieve it from different locations?

Your information is saved on a secure server behind a firewall. With your LION user name and password you can edit and submit your files from anywhere you have access to an Internet connection.

Can I change my file after I have received a decision from Desktop Originator?

You can save changes to your file by going to the sections of the 1003 you want to edit in the 1003 manager and clicking the save button after changes have been made. If you submitted a streamline submission, you can send that same file through to DO by selecting "streamline submission" from the 1003 manager menu bar and selecting "go". Please refer to your desktop originator manual for further instructions.

Do originators and wholesale lenders need to be LION subscribers to benefit from the new Desktop Originator integration?

No. Any Desktop Originator subscriber will be able to access the Desktop Originator credit retrieval and loan submission services via the LION Web site?s home page. All Desktop Originator lender subscribers will be able to receive loan submissions from their sponsored originators via the LION Web site.

Does LION replace an originator?s LOS?

The interface to LION is similar to the interfaces available in other Desktop Originator embedded services (Byte, Calyx, Contour and Genesis), but is intended to complement these services. Users taking advantage of the Internet and the LION interface will still require an LOS to meet their loan processing requirements.

Will the LION interface provide originators with direct access to Desktop Underwriter loan recommendations?

No. Access to Desktop Underwriter loan recommendations is granted only to originators through Desktop Originator lender sponsorship. Desktop Originator loan submissions completed from the LION Web site are subject to the same lender-specific product selection, product eligibility and Gatekeeper edits as all other Desktop Originator loan submissions.

Do originators have to be sponsored by a lender to access Desktop Originator on the LION Web site?

Yes. This is not an additional sponsorship. If originators have existing Desktop Originator lender sponsorships, these lenders will be available to the originator via the LION site. In order to access the Desktop Originator embedded services on the LION Web site, originators must first be sponsored by at least one Desktop Originator lender as part of their MORNETPlus subscription process. Desktop Originator subscribers are only able to submit loans to lenders that have provided them with Desktop Originator sponsorship.

How can I link to LION?s Web site from my company Web page?

Fannie Mae has provided linking guidelines that can be found on the Desktop Originator Center at www.lioninc.com/do/link.

Where can I find the most recent list of Desktop Originator sponsoring lenders?

This list can be found on the Desktop Originator Center Web site at www.lioninc.com/desktoporiginator.

Can I register for Desktop Originator training through the Desktop Originator Center?

Yes. You may register for training through the Desktop Originator Center Internet Web site at www.lioninc.com/desktoporiginator.

Can I direct consumers to use Desktop Originator on LION?

No. The Desktop Originator Center is intended to be used by Desktop Originator lenders and their sponsored originators only.

How do I obtain more information about LION and Desktop Originator?

For more information about Desktop Originator on LION, please visit the Desktop Originator Center at www.lioninc.com/desktoporiginator , call LION at 1-888-251-7616, or visit their Web site at www.lioninc.com. For more information about being a sponsored originator for Desktop Originator, you can talk to your wholesale lender partners, call Fannie Mae's Desktop Originator Automated Information Line at 1-800-790-3662 for a copy of the most recent Desktop Originator Lender Sponsorship list, or visit the Desktop Originator Center at www.lioninc.com/desktoporiginator. More information about Fannie Mae can be found on the Internet at www.fanniemae.com.

Desktop Originator and Desktop Underwriter are registered trademarks of Fannie Mae.