Description: Loan Validation Error.
Note: An Error Code 321 is a general error result about incomplete loan information in the file.
Steps to take:
1. Confirm that the loan application sections 1-9 are fully filled in.
2. Confirm that the Lender Loan Information-1 and Lender Loan Information-2 are completed.
3. Confirm that the Loan Estimate Form is selected on your Fees Worksheet according to the loan type. Standard Form for purchases and Alternative Form for refinances.
4. For a Purchase loan. On the Borrower Information Screen > Sub Financing.
5. 4b. Other New Mortgage Loans > Add.
6. Confirm that the Lien position is selected to Second in the dropdown.
7. Confirm that the Source of Funds is selected in the dropdown.
