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Point User Guide
If not prepopulated, complete the
1st Time Home Buyer
Select the
time buyer.
Escrows waived
Select the
certain escrow items directly to the payees.
Prepayment Penalty
Select the
prepayment penalty.
Enter the number of years the prepayment penalty is in effect and select the
Prepay Type from the dropdown list.
Complete the
Interest Rate from Rate Sheet
Price adjustments are calculated as positive values. Therefore, to enter a
negative amount, precede it with a minus sign (-) to deduct the amount
from the total.
Enter the base rate from the rate sheet in the
i
Select up to two additional rate adjustments from the dropdown lists.
ii
iii Enter the adjustment percent in the
Point calculates the
entered.
Complete the
Pricing from Rate Sheet
The rate sheet is provided by the secondary marketing department if the
loan is funded internally or by the wholesale lender if the loan is to be
brokered.
Enter the base price from the rate sheet in the
i
Select additional loan price adjustments from the dropdown lists.
ii
iii Enter the adjustment percent in the
Price adjustments are calculated as positive values. Therefore, to enter a
negative amount, precede it with a minus sign (-) to deduct the amount
from the total.
Point calculates the
adjustments entered.
Complete the
Request Type
To register the loan, select the
i
Registration Request button.
The
Registration Date
Locking rates and registering loans
field.
Interest Rate
check box if any borrower of the loan is a first
check box if the lender is allowing the borrower to pay
check box if the selected loan program has a
section.
Tip
field.
%
field based on the rate adjustments
Net Adjusted Rate
section.
Attention
field.
%
Tip
field based on the price
Net Adjusted Lock Price
section.
Register
check box to enable the Create
field is automatically populated with the current date.
field.
Base Rate
field.
Base Price
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