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How to Operate an NDC in SphereLOS Free Edition

Quick Reference: Lite Hybrid, NDC, and Doc Services Setup

To enable the "Hybrid" feature, please send an email request to support@spherelos.com to request an account upgrade.  The Sphere Hybrid Edition is designed for small NDC's less than 3 people and operate much like a brokerage setup.

Setting NDC Within a Loan File

  1. Click the loan number to open the file.

  2. Navigate to Loan Additional.

  3. In the General Tracking section, manually set NDC to "Yes" if needed.

  4. Alternatively, use a Business Rule to automatically set NDC to "Yes" or "No" based on your requirements.

Important Note: The NDC toggle in SphereLOS only excludes a loan from the HMDA report. It does not classify the Loan Origination Type as a lender for the Call Report.
 

Activating Docs Service

  1. Navigate to Settings → Actions.

  2. Click the Edit Pencil icon next to Docs Service.

  3. Under Loan Validation Settings, configure the necessary validation settings.

  4. Click Contacts, then select your vendor (e.g., DocMagic).

  5. Enter the Username, Password, and Code.

  6. Click Save and Activate to complete the Doc Service setup.

What's Not Included

Advanced lending features - funding worksheet, purchase advice reconciliation, secondary tracking, post closing, API's, chat support, dedicated AE, custom docs, forms, app, setup, and support, expanded business rules, and compliance services.  Other restrictions apply.

Designed for lite NDC operations.  For additional features, please contact sales@spherelos.com.