Calyx Point 7 - Request for Certificate of Veteran Status; Fha Mcaw; Completing the FHA Purchase MCAW Screen

Point User Guide 189
FHA loans
Request for Certificate of Veteran Status
In FHA loans for veterans earning benefits, this form is sent to the local VA office to
request an FHA certification of veteran status.
Populate all necessary fields. To open the Request for Certificate of Veteran Status, FHA
form number 9290 (VA form number 26-8261-a):
1 Open a borrower file.
2 Select Forms > Veterans Administration (VA) > VA Certificate of Veteran Status
(26-8261-a).
FHA MCAW
The FHA Mortgage Credit Analysis Worksheets (MCAW) for purchase and refinance loans
were replaced by the
FHA Loan Underwriting and Transmittal Summary. During the
transition period and for historical purposes, the MCAW forms will remain in Point until
further notice. The instructions are also included in this information for your reference.
Completing the FHA Purchase MCAW screen
Most of the information that is needed on the MCAW is automatically populated from other
screens. However, some of the information must be retrieved manually.
To complete the MCAW–Purchase screen:
1 Open a prospect or borrower file.
2 Select Forms > Federal Housing Administration (FHA) > FHA MCAW–Purchase
(HUD– 92900–PUR).
3 Click the From GFE button at the bottom screen to retrieve the following information
from the
Good Faith Estimate:
• All closing costs identified as FHA-allowed (F) are populated in line a
• All items identified as seller paid (S) and FHA-allowed (F) are populated in line b
• The maximum loan amount is calculated and populated in the FHAMaxLoanAmt
field.
4 Click the From Loan App button at the bottom of the MCAW screen to pull information
from the
Loan Application to sections 12, 13, and 14 on the MCAW.
5 In item 11d, click Copy Loan Amt to transfer the loan amount into the MCAW if a
down payment other than the default is used (for example, the borrower is paying
more than the minimum required).
Use the lock box to enter information manually.
Requirement
The FHA requires that this form be completed for veterans to receive
benefits.
Prerequisites
Complete the Borrower Information screen, Loan Application, and
Good Faith Estimate before you complete the MCAW screens.