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Most of these fields are populated with information that was entered in other screens.
a
b
c
d
e
f
g
h
i
Point User Guide
If the loan is for a home equity line, enter the initial draw amount in the
field.
HELOC Draw
Enter the
Max Loan Limit
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.
Enter the
.
Max LTV/CLTV
The
and
LTV/CLTV
HCLTV
other screens.
Select the documentation type from the Doc Type dropdown list.
Enter the
, if applicable.
Credit Grade
Complete the
Debt-to-Income Ratios
When locking a loan, many loan programs require that the top/bottom ratios and
the LTV/CLTV not exceed a maximum amount. Enter the maximum levels that are
allowed on the rate sheet to ensure that the loan parameters meet the rate lock
requirements.
Ratios
You can display the
time by selecting Utilities > Display Ratios, by clicking the Ratios icon
on the toolbar, or by typing <Ctrl> + <T>.
Ratios
The
dialog box contains the top, bottom, LTV, and CLTV ratios.
The
fields are automatically populated with the combined debt-to-
Combined
income ratios of the borrower and co-borrowers when there are co-borrowers on
the loan.
.
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
fields are populated from information that was entered in
section.
Tip
dialog box for the current loan file at any
Tracking underwriting status
Initial
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