1. Loan Origination User Guide
  2. Underwriting
  3. Request Tab

7.7 Request Tab

In the Request tab you can define the required Loan parameters and calculate Payment, Interest Rate, Term and Loan Amount using the quick calculator. By default, system calculates for monthly repayment term basis. The payment frequency can be changed only in the Underwriting tab during decisioning.

To complete Request section:
  1. On the Application Entry tab, click Request tab.

    Figure 7-5 Request - Loan


    Description of Figure 7-5 follows
    Description of "Figure 7-5 Request - Loan"

  2. Perform any of the Basic Operations mentioned in Navigation chapter.

    A brief description of the fields are given below:

    Table 7-22 Request

    Field Do this
    Requested Advance Amt Specify the requested advance amount
    Pmt Amt Specify the requested payment amount.
    Term Specify the requested term (number of payments).
    Requested Rate Specify the requested rate of interest.
    Down Pmt% Specify the down payment percentage
    Down Pmt Specify the down payment amount
    Approx Prc Specify the approximate cash price
    Promotion Select the promotion type from the drop-down list.
    Balloon Amt Specify the balloon amount.
    Signing Dt Specify the signing date
    Probable Delivery Dt Specify the probable delivery date.
  3. Perform any of the Basic Actions mentioned in Navigation chapter.
  4. In the Requested section, there is a drop-down list adjacent to the Calculate button with following options to auto calculate different Loan parameters based on the data provided. Select the record you want to work with and from the drop-down option, select the option you want system to calculate:
    • CALCULATE PAYMENT
    • CALCULATE INTEREST RATE
    • CALCULATE TERM
    • CALCULATE LOAN AMOUNT
  5. Click Calculate. The system displays the requested calculation in the respective field.

Parent topic: Underwriting