Point User Guide
243
Tracking underwriting status
c
Enter the
Principal
Amount
Purchased
.
d
Enter the
Base
Sell
Price
,
Service
Release
Premium
,
Overage/Rebate
, and
Sell
Adjustments
percentages and any additional amount in the
%
and
$
fields.
Point calculates the
Final
Net
Sell
Price
,
Net
Sell
Price
,
Execution
Variance
, and
the
Final
Gain/Loss
on
Sale
.
Tracking underwriting status
The
Underwriting
screen is used to track the underwriting status of a loan. This screen
contains information about AUS runs and their costs, underwriter decisions, and the dates
of those decisions.
The
Underwriting
screen captures and displays the underwriting status of the subject
loan to all users. Typically, the underwriter uses it to enter the following information:
•
Automated Underwriting System (AUS) used
•
Run date
•
Loan decision
•
AUS cost (can also be prepopulated from a template)
The
Conditions
button, located at the bottom of the workspace, opens the
Conditions
screen which is used to track loan conditions.
To use the
Underwriting
screen:
1
Open a borrower file.
Attention
The
Principal
Amount
Purchased
field is enabled when a date is entered
in the
Loan
Sale
Date
field.
Related information
•
For information about creating dropdown lists, refer to
Creating
dropdown lists
, on page 44.
•
For information about automatic MERS number generation, refer to
Generating the Mortgage Identification Number automatically
, on
page 64.
•
Refer to
E-mailing forms
, on page 91, for information about setting
PDF passwords and e-mailing forms.
•
Refer to
Locking rates and registering loans
, on page 221, for
information about the
Registration & Rate Lock
screen.
•
Refer to
Tracking underwriting status
, on page 243, for information
about the
Underwriter
screen.
•
Refer to
Program and rate lock details
, on page 270, for information
about the
Program & Rate Lock Details
dialog box.