Calyx Point 7 User Manual page 184

Disclosures and other forms
If the subject property is for a primary residence, the total for the
Payments/Borrower's Primary Residence
housing expenses.
The amount in the
page 3 of the
The positive and negative cash flows for the
Other Obligations
Estate Owned
a
b
c
d
e
166
All Other Pmts
Loan Application
section are automatically populated from the
section on page 3 of the
Enter the underwriter and appraiser information.
You can use the Cardex database to populate this information.
To modify the cash flow values, click the lock box to enable the fields.
For a refinance of a non-owner occupied property:
1
Check the lock box.
2 Enter the new positive or negative cash flow from the
(Subj Prop) Neg Cash Flow (Subj Prop)
or
purchase or refinance (taking into account the gross rent).
Loan Application
The P & I on the
1008 is the Qualifying Rate.
To adjust the top and bottom debt-to-income ratios, verify that the following fields
are correct on page 2 of the
All income fields
•
Housing Expenses
•
Mortgage Payments fields
•
To adjust the loan-to-value (LTV) and combined loan-to-value (CLTV) ratios in the
Borrower Prospect Information
or
Verify that the
Sales Price
•
Verify that the correct Type check boxes are marked in the
•
Information screen.
Ratios
You can display the
time by selecting Utilities > Display Ratios, by clicking the Ratios icon
on the toolbar, or by typing <Ctrl> + <T>. The
contains the top, bottom, LTV, and CLTV ratios.
The field is automatically populated from the
Qual Rate
Above Below
the or check box is selected automatically and a value is entered in
the corresponding field. Select the
box to indicate if the value is above or below the note rate, bought down rate, or
other rate.
section reflects the borrower's proposed
field is populated from the
.
and
(Subj Prop)
Loan Application
Tip
Tip
that results from the
is the Note Rate. The P & I on the
Loan Application :
screen:
, , and
Appr Value Loan Amt
Tip
dialog box for the current loan file at any
Ratios
dialog box
Note Rate Bought Dn Rate
,
Proposed Monthly
Liabilities section on
fields in the
(Other Prop)
Schedule of Real
.
Pos Cash Flow
fields are correct.
Borrower
Loan Application . Either
Other
, or check
Calyx Software