Calyx Point 7 - Page 259

Point User Guide 241
Registering and locking loans for sale
a Complete the Rate Lock Pricing section.
i Enter the base rate in the
BaseRate field.
ii Select up to two additional rate adjustments from the dropdown lists.
Point calculates the
Required NetAdjustedRate field based on the rate
adjustments entered.
b Complete the
Buy Price section.
i Enter the base rate in the
BaseRate field.
ii Select additional buy price adjustments from the dropdown lists.
iii Enter the adjustment percent in the
% field.
Point calculates the
NetBuyPrice field based on the price adjustments
entered.
c Complete the
Commitment Pricing section.
i Enter the base rate in the
BaseRate field.
ii Select up to two additional rate adjustments from the dropdown lists.
Point calculates the
RequiredNetAdjustedRate field based on the price
adjustments entered.
d Complete the
Sell Price section.
i Enter the base rate in the
BaseRate field.
ii Enter the
ServiceReleasePremium rate adjustment.
iii Enter the
Overage/Rebate adjustment, if applicable.
iv Select additional sell price adjustments from the dropdown lists.
v Enter the adjustment percent in the
% field.
Point calculates the
NetSellPrice field based on the price adjustments
entered.
Point calculates the
Gain/LossonSale fields based on the adjustments entered.
Important
After the lock is confirmed (the Lock Confirmed check box is selected),
the
Rate Lock Pricing section is disabled and changes are not allowed.
Tip
Price adjustments are calculated as positive values. Therefore, to enter a
negative amount, precede it with a minus sign (-) to indicate that it is a
negative value.