Locking Rates And Registering Loans - Calyx Point 7 User Manual

Locking rates and registering loans

The Registration & Rate Lock
brokers; loan originators can use this screen to lock their loans with either a wholesale
lender or their own secondary marketing department.
The loan originator will typically use this screen three times:
•
•
•
To complete the
Open a borrower file.
1
Select Track > Registration & Rate Lock.
2
The
Most of the general loan, borrower, and property fields are populated from information
that was entered in the
Point User Guide
Registration & Rate Lock
The
When negotiating the primary market rate and price with the borrower.
When registering and locking the loan with either a wholesale lender or their
secondary marketing department
To record the confirmation of the lock request from either the wholesale lender or
the secondary marketing department.
Registration & Rate Lock
Registration & Rate Lock
Borrower Information
Locking rates and registering loans
screen provides a resource for both bankers and
Attention
screen is not available in prospect files.
screen:
screen is displayed.
screen. Underwriting information is
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