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The
Enter the information about the second mortgage and click OK.
5
Create a new second file or link to an existing file.
6
To create a new file:
a
b
To link to an existing file:
a
b
c
d
Creating second mortgages for an investment property or second home
To create a second mortgage for an investment property or second home:
Open a borrower file.
1
Point User Guide
Second Mortgage Payment
Select Create Second Mortgage File > Create New Second Mortgage.
Name the second file if Auto File Naming is not enabled and click Save.
The link between the two files is established. A dialog box prompts you to open
the second file.
Select Create Second Mortgage File > Link to Existing Second Mortgage.
In the
Search & Select a File to Link To
help you locate the file to which you want to link.
Select the file from the results and click OK.
Point synchronizes the two files. Some of the data in the second mortgage file
might change.
Confirmation
Click OK in the
•
For more information about linking loans, refer to
second mortgage
•
Refer to
Borrower and prospect information
for more information about the
Prospect Information
dialog box is displayed.
dialog box, enter the search criteria to
dialog box.
Related information
files, on page 80.
screens, on page 151,
Borrower Information
screens.
Subordinate financing
Linking first and
and
281
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