Calyx Point 7, User Manual, Page: 434 / 537

416 Calyx Software
Marketing tools
e
Click
OK
in the Liability dialog box.
An X is placed in the Pd Off column of the liability list.
5
Enter any cash out in the
Cash Out
field.
6
Click
Loan Pg
(loan program) to select a preset loan program template.
7
Click
CC Scenario
(closing cost scenario) to select a preset closing cost scenario
template.
8
In the CC Scenario dialog box, select the closing costs for this loan, or type in the
appropriate fees from the GFE or MLDS.
9
Click
OK
.
10
If the information has not been populated from other screens, indicate the:
•
Loan Type
•
Lien Positions
•
Residency Status
11
In the
New Loan
and
Term
fields, enter the new loan term and interest rate and the
applicant’s income.
12
Click
Calculate New Loan
to view the new loan amount.
The
Savings
field beneath it shows the monthly difference between previous monthly
accounts that will be paid off and what the new loan payment will be.
Comparing loans
Point provides tools to compare loans to show prospects the benefits, costs, requirements,
and other information that they can use to make and informed decision before determining
which type of loan they will need for their financing.
Tools are available in Point to make the following loan comparisons:
•
Compare three different loan scenarios
•
Comparing a sample FHA versus a conventional loan
Comparing three loan scenarios
Use the Loan Comparison screen to compare three loan scenarios side-by-side. To
compare loan scenarios, you need to work with a saved file. If your file is not saved, Point
prompts you to save it.
1
Open a prospect or borrower file.
2
Select Marketing > Loan Comparison .
Tip
When used with the loan program templates and the closing cost
scenario templates, the
Loan Comparison
screen provides immediate
answers to a prospect’s questions about their loan choices.
The loan scenarios can be as similar or different as you choose.
However, it is important to be consistent. If you include taxes, insurance
or other costs in one scenario, remember to include them in all the
others.