Navigate to the overview &gt; terms and mortgage section to setup the file if not already done so. 

Click "Loan Purpose" while this may not be an actual cash out simply choose that option 

Click "Appraisal Value" and make sure you have a value entered. 

Click "loan amount" and make sure either the total line amount or the amount they are borrowing is entered. 

Loan Purpose
Cash Out Refinance
AUS Type
AUS Type
Occupancy
Primary Residence
Appraisal Value
Loan Amount
Cash-out Amount
Down Payment Source
Edit down payments
PMI
$0.00
Lender Pay MI
 No
Amount Paid in Cash
PMI Financed
$0.00
Loan Amount with PMI Financed
$350,000.00
Annual MI Rate
Credit Score
Loan Type
Conventional
Program 
Note Rate
 Get Price
Escrow Waiver
 No

Click "Loan Type" Please consult with a system admin about what to choose here as this drives the programs that are available.

Click "Program" and here you can choose program. 

Click the Subject Property and ensure you have at least a city, state, and zip 

Search
Street 
City 
State 
North Carolina
Zip Code 
County 
Mecklenburg

Click Addresses. Check the scenario. please ensure current address is set. 

 Test Loan
Current & Mailing Address:
4521 Sharon Road, Charlotte, NC 28211, US
Residency Type:
Own
Residency Duration:
5 years

Click subject toggle to indicate the subject property. 

If the second is on a primary home click the current toggle also. 

Click and add the mortgage to the REO here. 

It is important to toggle on subordinate for the first mortgage as this will include it in the LTV and DTI. You are not actually subordinating it but simply marking it that way to include it in ratios.

Click "A. Will you occupy the property as your primary residence?" ensure this is correct if the borrowers will occupy or not. 

A. Will you occupy the property as your primary residence?

Click "Second Lien" This is a must as this will have the payments and URLA forms show correctly. 

You will notice the primary mortgage is now set to the First Mortgage field. 

Address:  Valid
4521 Sharon Road
Charlotte, NC 28211
Mecklenburg
AVM Check
Property Type:
Detached
Units:
1
Amount Existing Liens:
-
Original Cost:
-
Year Built:
-
Year Acquired:
-
Legal Description:
-
Proposed Housing Expense
First Mortgage (P&I):	$1,500.00
Subordinated Lien (P&I):	$395.40
Hazard Insurance:	-
Property Tax:	-
Mortgage Insurance:	$0.00
HOA:	-
Other:	-
Total Amount:	$1,895.40

Click "Subordinated Lien (P&I):" The subordinate loan that you are originating will show in the subordinate lien field. 

Click "ACTIONS" If you would like to view a 1003

Click "Preview Document" and you can view the URLA. 

How to originate a second lien loan.