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Loan file overview
Point provides a set of forms for prospects and a set of forms for borrowers. Prospect files
are used for potential customers and borrower files are used for actual loans that are
being processed. Prospect files contain most of the marketing tools, preliminary
disclosures, and processing forms that you need.
A prospect file is easily converted to a borrower file after the prospect signs a
Loan
Application
. Borrower files contain the forms needed to process your loan from
origination through to submission to the underwriter.
Even though Point does not provide closing documents, it does provide interfaces with
vendors that do provide them.
The main difference between prospect and borrower files is that borrower files include the
following:
• Verification forms
• Submission forms
• Transmittal forms
• Access to the Banker screens
• Additional Tracking functions
Loan file creation
The following methods are possible for creating new loan files:
• Create from a template
• Create from a blank file
• Convert an existing prospect file to a borrower file
• Duplicate an existing prospect or borrower file
• Use Save As to copy an existing prospect or borrower file
In this topic
• Loan file creation
• Saving loan files
• Searching for loan files
• Moving loan files
• Deleting loan files
• Linking first and second mortgage files
• Archiving loan files
• Rebuilding lists
• Swapping and deleting prospects, borrowers, and co-
borrowers
• Print and e-mail options
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