Calyx Point 7 - Creating Loan Program Templates

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354 Calyx Software

Templates

Creating loan program templates

To create a loan program template:

1 Select the Templates tab from the navigation panel.

2 In the

Select a Template Category section, select Loan Program, and click the New

button.

The

Loan Program: Template screen is displayed.

3 In the

LoanProgramName field, enter a brief, descriptive name of the template. This

name displays in the loan program list when you select the template.

4 Complete all the applicable fields. If the loan is an adjustable, buydown, or graduated

payment mortgage (GPM), complete all fields related to that loan type.

For an adjustable rate mortgage, select the check box that indicates whether

adjustments should round up or down.

Main Page

Default Chapter5
- Table of Contents5
Preface15
- Document Conventions15
  - Typographical Conventions15
  - Terminology16
- Product Assistance16
Chapter 1-Installation19
- Operating Requirements19
  - System Requirements19
  - Software Requirements20
- Prerequisites21
- Typical Installation21
- Advanced Installation24
Chapter 2-User Interface33
- Screen Components34
- Navigation Panel34
- Toolbar Icons41
- Key Combinations41
- Buttons and Options43
- Opening Multiple Files52
Chapter 3-Utilities Configuration53
- Company Default Information53
- Creating Dropdown Lists62
- Creating Escrow and Title Tables63
- Setting up a Proxy Server66
- Communications67
- Specifying Search Fields and Result Format75
- Creating Custom Screens77
- Customizing the Shortcut Toolbar78
- Specifying the Default DOS Directory Location79
- Customizing Screen Colors79
- Specifying the Default Web Browser80
- Naming Files Automatically81
- Saving Files Automatically82
- Generating the Mortgage Identification Number Automatically82
- Enabling Autofill Options83
- Identifying Fields and Field Ids83
Chapter 4-Loan File Overview85
- Loan File Creation85
- Saving Loan Files92
  - Saving Loan Files as Point Compressed Files (.Pcfs)93
- Searching for Loan Files93
- Moving Loan Files95
  - Moving Loan Files in Point95
  - Moving and Copying Loan Files from an External Source96
- Deleting Loan Files97
- Linking First and Second Mortgage Files98
  - Linking from an Existing First Loan File98
- Archiving Loan Files100
- Rebuilding Lists100
- Swapping and Deleting Prospects, Borrowers, and Co-Borrowers101
- Print and E-Mail Options102
Chapter 5-Loan Application113
- Specifying Joint Assets114
- Entering Mortgage Type and Loan Terms115
- Entering Property Information and Loan Purpose116
- Entering Borrower Information118
- Entering Employment Information120
- Entering Income and Housing Expenses122
- Entering Assets and Liabilities124
- Summarizing the Transaction Details132
- Entering Declarations133
- Printing the Acknowledgement and Agreement Clause134
- Completing the Government Monitoring Information135
Chapter 6-Disclosures And Other Forms137
- Disclosures137
- Forms169
- Transmittal Summary181
  - Completing the Transmittal Summary181
- Mortgage Insurance and Escrow (Impound) Account Details186
  - Calculating Ongoing Escrow Payments186
  - Calculating Mortgage Insurance188
Chapter 7-FHA And VA Loans191
- FHA Loans191
- VA Loans210
Chapter 8-Verifications215
- Completing Verification Forms215
Chapter 9-Electronic Loan Files219
- Eloanfile219
- Electronic Document Storage220
Chapter 10-Loan Tracking231
- Loan Status Tracking232
- Tracking Conditions237
- Locking Rates and Registering Loans239
- Tracking Verifications245
- Tracking Title Conditions246
- Tracking HMDA Reporting Information247
- Tracking Contacts and Agencies249
- Tracking Loan Team Members251
- Tracking Trust Account Information252
- Tracking Loan Profit and Loss253
Chapter 11-Banker Functions255
- Registering and Locking Loans for Sale256
- Tracking Underwriting Status261
- Recording and Tracking Loan Conditions267
- Closing Loans271
- Funding Loans276
- Submitting and Tracking Warehouse Lender Loans278
- Recording Loans282
- Tracking Loan Shipment Status285
- Tracking Loan Sale Responsibilities286
- Supplementary Screens288
Chapter 12-Loan Scenarios297
- Subordinate Financing297
- Construction Loans308
- Investment Loans311
  - Creating Investment Loans311
Chapter 13-Integrated Products and Services315
- Enabling and Disabling Providers315
- Lenders316
  - Using the Lender Interface317
- Services318
- Interfaces351
Chapter 14-Templates371
- Loan Program Templates371
  - Creating Loan Program Templates372
- Closing Cost Scenario Templates373
  - Creating Closing Cost Scenario Templates373
- Master File Templates375
  - Creating Master File Templates375
  - Using Master File Templates376
- Editing Templates376
- Deleting Templates376
- Import and Export Templates376
  - Data Import Templates377
    - Creating Data Import Templates377
    - Editing Data Import Templates378
  - Data Export Templates379
    - Creating a Data Export Template from the Sample379
    - Creating and Editing Data Export Templates381
Chapter 15-Reports383
- Standard Reports383
- Creating Custom Reports397
- Manipulating Report Output406
  - Manipulating Reports in Point Report Viewer406
  - Manipulating Excel Report Output412
Chapter 16-Marketing Tools415
- Standard Marketing Documents415
- Custom Forms418
- Documenting Borrower and Prospect Personal Information425
- Client Communication425
  - Tracking Client Communication426
  - Documenting Client Discussions427
- Amortization Schedules429
- Cash-To-Close Statements432
- Consolidating Consumer Debt433
- Comparing Loans434
  - Comparing Three Loan Scenarios434
    - Printing Loan Comparisons436
  - Creating a Sample Comparison of FHA Vs. Conventional Loan436
- Comparing Renting to Owning437
- Prequalification438
  - Prequalifying by Property438
  - Prequalifying by Prospect439
Chapter 17-Tasks441
- Creating Tasks441
  - Processing Task Reminders444
- Searching for Tasks444
  - Searching for Tasks (Basic Search)444
  - Searching for Tasks (Advanced Search)446
- Editing Tasks448
- Closing and Deleting Tasks449
- Printing Tasks and Task Lists450
- Accessing Current Tasks450
Chapter 18-Data Import and Export453
- Data Import453
- Data Export457
Chapter 19-Contact Management (Cardex)461
- Cardex Database Overview461
- Creating Categories462
- Entering Data into the Database463
- Editing Database Entries464
- Copying, Deleting, and Sorting Records465
- Searching for Records466
  - Using the Advanced Search Dialog Box467
- Printing Cardex Records467
  - Printing Multiple Records467
  - Printing Individual Records468
- Data Transfer469
  - Transferring Database Entries into a Loan File469
  - Transferring Information from a Loan File469
- Data Import and Export470
Chapter 20-HMDA Reporting477
- Running the HMDA Report477
- Sending the HMDA File to HUD478
Chapter 21-Data Folder and User Management481
- Accessing Point Administrator481
- Managing Data Folders482
- Data Folder Security491
- Using Point Data Server497
Chapter 22-Combined Field Ids499
Glossary505
Index513

Calyx Point 7 - Creating Loan Program Templates

Table of Contents