Calyx Point 7 - Flood Certifications

Point User Guide 317
Services
The following options are available to specify the disposition of each liability:
Ignore
Moves the selected liabilities from the
Liabilities to be Imported list into the
Liabilities to be Ignored list and does not import them into the Loan Application.
Import
Moves the selected liabilities from the
Liabilities to be Ignored list into the
Liabilities to be Imported list and imports them into the Loan Application.
Ignore $0 Balance
Moves all accounts with a zero balance to the
Liabilities to be Ignored list and
does not import them into the
Loan Application.
Ignore Closed
Moves all closed accounts into the
Liabilities to be Ignored list and does not
import them into the
Loan Application.
2 Specify the disposition of the borrower’s liabilities by using the Ignore, Import, Ignore
$0 Balance, and Ignore Closed buttons.
3 Click Populate.
The
Loan Application is populated with the liabilities. If you click Don’t Populate,
the
Loan Application is not populated with the liabilities.
Flood certifications
Before completing the loan paperwork, you must determine the flood status of the
property. The flood status is usually completed during the processing/underwriting phase
of the mortgage pipeline.
Attention
Closed accounts include any liabilities with the following status in the
Account Status column:
•Closed
•Paid
• Transferred
•Refinanced
Related information
For more information about populating liabilities from the Loan
Application
, refer to Entering liabilities, on page108.
Tip
In addition to ordering flood reports from the Services menu, you can
also order them by clicking Request Flood in the following screens:
• Flood Certification Work Order
• Flood Hazard Determination
• Flood Hazard Notice