1. Lease Origination User Guide
  2. Underwriting
  3. Decision Tab
  4. Stipulations Sub Tab

7.8.2 Stipulations Sub Tab

The Stipulations sub screen allows to add any stipulations or reasons for adverse action you want to attach to the application. Stipulations are items that need to be addressed before the Lease can be funded.

If the application was automatically rejected during the application entry edits, the system displays the automatically generated adverse action codes in this sub screen. If the application is manually rejected by the Underwriter due to adverse action reasons received from bureau or otherwise, the same can be recorded for each of the applicant.

In addition, you can enter comments against specific stipulations as required. Whenever a Stipulation is marked as Not Applicable it becomes mandatory to specify the reason in comments field. Else, system prompts for the reason while processing the application.

To add or view stipulations or reasons for adverse action
  1. Open the Underwriting screen and load the underwriting application you want to work with.
  2. Click Decision > Stipulations sub tab.
  3. Perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below.

    Table 7-31 Stipulations

    Field Do this
    Type Select the reason type. Type can be Stipulation Reasons or Adverse Action Reasons and Adverse Action Reasons can also be those received from Bureau.
    Name The system displays all applicant’s name in the drop down list. You can select the name of the applicant for whom adverse action reason needs to be recorded. In case the stipulation reason is at the application level, then select ALL.
    Code Select the reason.
    Description Specify the required description.
    Stips Satisfied Use the Yes/No/NA buttons to indicate if you verified the stipulation( s) in the Type field
    Comment Specify the comment.
    Verified By The system updates the user ID of the person who verified the details
    Verified Dt The system updates the date when the details are verified.
  4. Perform any of the Basic Actions mentioned in Navigation chapter.

If your system is set up to manually load predefined stipulations, click the Load Stipulations button (For more information, refer the following section, Loading Stipulations).

Parent topic: Decision Tab