Point User Guide
155
Forms
14
If this is an FHA loan for a purchase, click the
Max Loan
button to populate the field
with the maximum loan amount that is allowed for the property.
15
Complete the
Subject Property
section.
16
Complete the
Present Address
section.
If the loan is a refinance for the borrower’s current residence, click the
Copy From
Subject Property
button to automatically populate the
Present Address
fields.
Borrower’s Signature Authorization
The Borrower’s Signature Authorization form, when signed, authorizes the mortgage
provider to obtain information about the borrowers or co-borrowers without their original
signatures.
The applicant’s name, social security number, and property information are automatically
populated from other forms in the loan file and will print on this disclosure. It is available to
print only from a borrower file.
Cash Flow Analysis (1084)/Self-Employed Income Analysis
These forms apply to self-employed borrowers. They use the Schedule Analysis Method
and AGI (Adjusted Gross Income) to calculate the monthly income for self-employed
borrowers that is acceptable to underwriters.
Point performs all necessary calculations and totals the columns.
Flood Certification Work Order
Related information
•
For information about how to customize dropdown lists, refer to
Creating dropdown lists
, on page 44.
•
For information about how to create a new loan file, refer to
Loan
file creation
, on page 67.
•
Refer to
Entering income and housing expenses
, on page 104, for
detailed information about entering income, housing expenses, and
other obligations.
•
For information about up-front premiums and fees, refer to
Calculating mortgage insurance
, on page 170.
•
See Chapter 14,
Templates
, for more information about building loan
program and closing cost scenario templates.
Prerequisite
Because most of the information on this screen is populated from other
screens, you must complete the
Borrower Information
and
Loan
Application
screens before completing the
Flood Certification Work
Order
.