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13 When you are finished entering real estate, click Save & Close.
Use the Insert, Edit, and Delete buttons to add, change, or remove entries. Use the
Move Up and Move Dn buttons to move entries up or down in the list.
Entering liabilities in a different name
If a borrower was issued credit under a different name than the name they are using on
the
Loan Application
enter the account information at the bottom of page 3.
To enter liabilities in a different name:
Open page 3 of the
1
Enter the
2
Number
Matching liabilities to real estate owned
Use the matching liabilities function to match real estate with the corresponding loan on
the liabilities list. This feature is most useful when a borrower owns multiple properties and
has multiple loans because it identifies which loans are associated with which properties.
You can match a property to multiple liabilities.
To match liabilities and real estate owned:
Open page 3 of the
1
Schedule of Real Estate Owned
If you are in the
2
Schedule of Real Estate Owned
Point User Guide
Related information
Refer to Chapter 8, Verifications, for information about the
of Mortgage/Rent
and
, for example, a married woman had credit in her maiden name,
Loan Application
the borrower used, the
Alternate Name
.
Loan Application
Liabilities
section, click the Match to REO button. If you are in the
Verification of Loan
screens.
and go to the bottom of the page.
Creditor Name
and go to either the
section.
section, click the Match to Liability button.
Entering assets and liabilities
Verification
, and the
Account
Liabilities
section or the
113
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