Loan Information Tab

The Loan Information tab (available in the Lender Module) keeps track of a contact's loan information. This information can be used by the Rate Watch program to alert contacts of savings resulting from changes in interest rates. Data can be added by typing into the appropriate fields, i.e. Appraised Value, or Current Rent. Click on a lower tab to enter data on that screen. You can use the button menu to add, remove, view, print, export, or create a transaction for any contact. Highlight the Address (at the left of the screen) to view the Loan Information on that property.

Loan Button Menu

1.	Add a property.
2.	Delete the highlighted property.
3.	View the Full Detailed Listing for the highlighted property.
4.	Create a transaction for the highlighted property.
5.	Print the highlighted property.
6.	Export the highlighted property to Calyx Point.

1st Mortgage

Lender	Enter the Lender name.
Loan Type	Use the drop-down menu for selecting loan type.
Loan Term	Enter the loan term.
Closed	Enter the date of the closing. Use the drop-down menu to select date from a calendar.
Base Loan Amt	Enter the base loan amount.
Mortgage	Enter the the mortgage amount.
Interest Rate	Enter the interest rate.
Rate Type	Use the drop-down menu to select the rate type or type it in the field. Note: Pressing Control + Delete will remove the highlighted text from the drop-down menu.
LTV	Press the button to calculate the Loan-to-Value amount.
P&I	Press the button to calculate the Principle and Interest for the loan amount.
Home Ins	Enter the monthly insurance premium.
Taxes	Enter the monthly tax liability.
PMI	Enter the monthly private mortgage insurance amount.
Assn Dues	Enter the monthly associational dues.
Other	Enter any other monthly liability.
Total Payment	Press the button to calculate the total payment.
Desired Rate	Enter the contact's desired interest rate.
Down Payment	Enter the down payment percentage.
Pre-Payment	Enter the date of the pre-payment. Use the drop-down menu to select date from a calendar.

2nd Mortgage

Lender	Enter the lender name.
Loan Type	Use the drop-down menu for selecting loan type.
Loan Term	Enter the loan term in years.
Closed	Enter the date of the closing. Use the drop-down menu to select date from a calendar.
Mortgage	Enter the second mortgage amount.
Interest Rate	Enter the interest rate.
Rate Type	Use the drop-down menu to select the rate type or type it in the field.
CLTV	Enter the Combined Loan-to-Value amount
P & I	Press the button to calculate the Principle and Interest for the loan amount.

Application

Application Date	Enter the date of the application. Use the drop-down menu to select date from a calendar.
Submission Date	Enter the date of the submission. Use the drop-down menu to select date from a calendar.
Approval Date	Enter the date of the approval. Use the drop-down menu to select date from a calendar.
Lock/Float	Use the drop-down menu to select an option or type the option in the field.
Lock Expires	Enter the date the lock expires. Use the drop-down menu to select date from a calendar.
Status	Use the drop-down menu to select an option or type the option in the field.
Contract	Use the drop-down menu to select an option or type the option in the field.
Loan Number	Enter the loan number.
Appraisal	Enter the date of the appraisal's order and receipt. Use the drop-down menu to select date from a calendar.
Credit	Enter the date of the credit's order and receipt. Use the drop-down menu to select date from a calendar.

Status

Each field on this screen--Cash Status, Credit Status, Income Status, Loan Note--can scroll to view one hundred characters of text.