Calyx Point 7 - Tracking Underwriting Status

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.