Calyx Point 7 - Creating a New First Mortgage with a New or Existing Second

280 Calyx Software
Loan scenarios
5 Click HE & Oblig. Enter the first mortgage payment (the amount of the second is
already populated in the
OtherFin field). Both amounts transfer throughout the
screens in Point.
Creating a new first mortgage with a new or existing second
To complete a new first mortgage and a new or existing second loan for refinance:
1 Open a prospect or borrower file.
2 In the
Prospect Information or Borrower Information screen, select Primary as
the property type,
First Mtg as the lien position, and Cash-Out Refi or No Cash-Out
Refi
as the purpose of the loan.
3 Click the Sub Financing button at the bottom of the workspace.
The
Subordinate Financing Information dialog box is displayed.
4 Specify whether it is a
New Loan or Existing Loan and click the 2nd Mtg button.
Related information
Refer to Borrower and prospect information screens, on page151, for
more information about the
Borrower Information screen.