Once the application clears the pre-qualification edits successfully, it moves to the underwriting queue. In the Underwriting/Funding screen, you can copy the information of an existing application into a new application using Results screen. The new application will contain duplicated data of application information, the requested Loan information, credit bureau data, and collateral information. The new application will have status/sub status as NEW - REVIEW REQUIRED

To copy an application

1. Open the Underwriting/Funding screen and use Quick Search screen to locate the application you want to copy.
2. Select the application you want to copy on the Search Results/Task screen.
3. Click Copy Application.

   Figure 2-8 Copying an Application

   
   

   
   Description of "Figure 2-8 Copying an Application"

   
   

An Information message is displayed as “Application copy successful. New application # (new application number).”

System creates a new application with details of the copied application with status NEW - REVIEW REQUIRED. The new application can be accessed from the underwriting screen irrespective of whether it is copied in Underwriting/Funding screen. The system also notes that this is a copied application with a system generated comment.