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Point User Guide 157

Forms

• Appraisal Company

• Escrow Company

• Title Company

To complete the

Loan Submission Sheet:

1 Open a borrower file.

2 Open the

Loan Submission Sheet from the Forms menu or the shortcut toolbar.

3 Complete the

Lender section.

4 Complete any missing information in the

Loan Summary and Terms section.

Main Page

Default Chapter5
- Table of Contents5
Preface15
- Document Conventions15
  - Typographical Conventions15
  - Terminology16
- Product Assistance16
Chapter 1-Installation19
- Operating Requirements19
  - System Requirements19
  - Software Requirements20
- Prerequisites21
- Typical Installation21
- Advanced Installation24
Chapter 2-User Interface33
- Screen Components34
- Navigation Panel34
- Toolbar Icons41
- Key Combinations41
- Buttons and Options43
- Opening Multiple Files52
Chapter 3-Utilities Configuration53
- Company Default Information53
- Creating Dropdown Lists62
- Creating Escrow and Title Tables63
- Setting up a Proxy Server66
- Communications67
- Specifying Search Fields and Result Format75
- Creating Custom Screens77
- Customizing the Shortcut Toolbar78
- Specifying the Default DOS Directory Location79
- Customizing Screen Colors79
- Specifying the Default Web Browser80
- Naming Files Automatically81
- Saving Files Automatically82
- Generating the Mortgage Identification Number Automatically82
- Enabling Autofill Options83
- Identifying Fields and Field Ids83
Chapter 4-Loan File Overview85
- Loan File Creation85
- Saving Loan Files92
  - Saving Loan Files as Point Compressed Files (.Pcfs)93
- Searching for Loan Files93
- Moving Loan Files95
  - Moving Loan Files in Point95
  - Moving and Copying Loan Files from an External Source96
- Deleting Loan Files97
- Linking First and Second Mortgage Files98
  - Linking from an Existing First Loan File98
- Archiving Loan Files100
- Rebuilding Lists100
- Swapping and Deleting Prospects, Borrowers, and Co-Borrowers101
- Print and E-Mail Options102
Chapter 5-Loan Application113
- Specifying Joint Assets114
- Entering Mortgage Type and Loan Terms115
- Entering Property Information and Loan Purpose116
- Entering Borrower Information118
- Entering Employment Information120
- Entering Income and Housing Expenses122
- Entering Assets and Liabilities124
- Summarizing the Transaction Details132
- Entering Declarations133
- Printing the Acknowledgement and Agreement Clause134
- Completing the Government Monitoring Information135
Chapter 6-Disclosures And Other Forms137
- Disclosures137
- Forms169
- Transmittal Summary181
  - Completing the Transmittal Summary181
- Mortgage Insurance and Escrow (Impound) Account Details186
  - Calculating Ongoing Escrow Payments186
  - Calculating Mortgage Insurance188
Chapter 7-FHA And VA Loans191
- FHA Loans191
- VA Loans210
Chapter 8-Verifications215
- Completing Verification Forms215
Chapter 9-Electronic Loan Files219
- Eloanfile219
- Electronic Document Storage220
Chapter 10-Loan Tracking231
- Loan Status Tracking232
- Tracking Conditions237
- Locking Rates and Registering Loans239
- Tracking Verifications245
- Tracking Title Conditions246
- Tracking HMDA Reporting Information247
- Tracking Contacts and Agencies249
- Tracking Loan Team Members251
- Tracking Trust Account Information252
- Tracking Loan Profit and Loss253
Chapter 11-Banker Functions255
- Registering and Locking Loans for Sale256
- Tracking Underwriting Status261
- Recording and Tracking Loan Conditions267
- Closing Loans271
- Funding Loans276
- Submitting and Tracking Warehouse Lender Loans278
- Recording Loans282
- Tracking Loan Shipment Status285
- Tracking Loan Sale Responsibilities286
- Supplementary Screens288
Chapter 12-Loan Scenarios297
- Subordinate Financing297
- Construction Loans308
- Investment Loans311
  - Creating Investment Loans311
Chapter 13-Integrated Products and Services315
- Enabling and Disabling Providers315
- Lenders316
  - Using the Lender Interface317
- Services318
- Interfaces351
Chapter 14-Templates371
- Loan Program Templates371
  - Creating Loan Program Templates372
- Closing Cost Scenario Templates373
  - Creating Closing Cost Scenario Templates373
- Master File Templates375
  - Creating Master File Templates375
  - Using Master File Templates376
- Editing Templates376
- Deleting Templates376
- Import and Export Templates376
  - Data Import Templates377
    - Creating Data Import Templates377
    - Editing Data Import Templates378
  - Data Export Templates379
    - Creating a Data Export Template from the Sample379
    - Creating and Editing Data Export Templates381
Chapter 15-Reports383
- Standard Reports383
- Creating Custom Reports397
- Manipulating Report Output406
  - Manipulating Reports in Point Report Viewer406
  - Manipulating Excel Report Output412
Chapter 16-Marketing Tools415
- Standard Marketing Documents415
- Custom Forms418
- Documenting Borrower and Prospect Personal Information425
- Client Communication425
  - Tracking Client Communication426
  - Documenting Client Discussions427
- Amortization Schedules429
- Cash-To-Close Statements432
- Consolidating Consumer Debt433
- Comparing Loans434
  - Comparing Three Loan Scenarios434
    - Printing Loan Comparisons436
  - Creating a Sample Comparison of FHA Vs. Conventional Loan436
- Comparing Renting to Owning437
- Prequalification438
  - Prequalifying by Property438
  - Prequalifying by Prospect439
Chapter 17-Tasks441
- Creating Tasks441
  - Processing Task Reminders444
- Searching for Tasks444
  - Searching for Tasks (Basic Search)444
  - Searching for Tasks (Advanced Search)446
- Editing Tasks448
- Closing and Deleting Tasks449
- Printing Tasks and Task Lists450
- Accessing Current Tasks450
Chapter 18-Data Import and Export453
- Data Import453
- Data Export457
Chapter 19-Contact Management (Cardex)461
- Cardex Database Overview461
- Creating Categories462
- Entering Data into the Database463
- Editing Database Entries464
- Copying, Deleting, and Sorting Records465
- Searching for Records466
  - Using the Advanced Search Dialog Box467
- Printing Cardex Records467
  - Printing Multiple Records467
  - Printing Individual Records468
- Data Transfer469
  - Transferring Database Entries into a Loan File469
  - Transferring Information from a Loan File469
- Data Import and Export470
Chapter 20-HMDA Reporting477
- Running the HMDA Report477
- Sending the HMDA File to HUD478
Chapter 21-Data Folder and User Management481
- Accessing Point Administrator481
- Managing Data Folders482
- Data Folder Security491
- Using Point Data Server497
Chapter 22-Combined Field Ids499
Glossary505
Index513

Calyx Point 7 - Page 175

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