Using Borrower Master Templates

February 9, 2016

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Presenter

Stephen Lange

Professional Services Banking Consultant

Calyx Software

Stephen is a Professional Services Consultant with Calyx Software with over 13

years of experience in the mortgage banking industry. Stephen earned a Bachelors

Degree in Business Administration from the University of North Texas and has been

a Licensed Mortgage Loan Originator since 2003.

Using Borrower Master Templates

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Getting the most out of this training

o All attendees are muted

o Have Point open on your computer so you may follow along

o Ask questions via the questions box located in your GoToWebinar Control Panel

o The Power Point presentation is available for printing now from the GoToMeeting attachments

o A recording of this Webinar will be available on our Website.

Legal Disclaimer: The information presented is confidential and proprietary to Calyx Software (“Calyx”) and may not be disclosed without the permission of Calyx. The purpose of this PowerPoint presentation is to provide information, rather than advice or opinion. It is accurate to the best of the speaker’s knowledge as of the date of the presentation. To the extent that this presentation contains any examples, please note that they are for illustrative purposes only and any similarity to actual individuals, entities, places or situations is unintentional and purely coincidental. In addition, any examples are not intended to serve as legal advice. No part of this presentation may be modified, printed, or presented without the permission of Calyx.

Calyx and Calyx Software are registered trademarks of Calyx Technologies, Inc. Copyright © 2015 Calyx

Software. All rights reserved

Webinar Housekeeping

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Power Point

• Overview

• Highlights

Point File

• Borrower Master Template

• Loan Program Template

• Closing Cost Scenario

Resources

• Helpful Tips

• Q & A

• KB Articles

• Further Training

Webinar Format

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• Create and Use Borrower Master Templates for Conventional, FHA, VA and other loans.

• Develop Loan checklists for efficient tracking of 3rd party and Borrower

documents

• Customize and Use Status Tracking in a way that compliments your

organizational file flow

• Import a template into an unpopulated loan file

• Create Loan Program and Closing Cost Scenarios (a brief overview)

• Utilize Timesaving Shortcuts to copy templates.

• Incorporate Templates as part of your pipeline management and overall

compliance strategy

Webinar Objectives

Today’s webinar will show you how to:

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Locating and Starting the Borrower Master Template

1. From your Navigation Panel select the

“Templates [PDS]” tab.

2. Select the “Borrower Master” radio button

3. Select “New” to create a template

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Using Templates to Structure your Loan

Templates are designed to successively add information to the loan based on the borrower scenario.

Look at each template as a “Building Block” of information.

As you’re building your loan file, you’ll start with the broadest, most comprehensive template and add more detailed templates as you progress through the building of the 1003.

The most comprehensive of the

templates is the Borrower Master.

The Loan Program and the Closing

Cost templates are applied as

you receive information from

the borrower sufficient to

make those determinations.

Borrower Master

Loan Program

Closing

Cost

Conventional Purchase

- 30 Year Fixed

- 15 Year Fixed

-10/1 ARM

- 7/1 ARM

-5/1 ARM

- Brokered CC Scenario

- In House CC Scenario

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Ideas for your first Borrower Master Template

A loan application starts with a conversation between you and your borrower and the

gathering of some basic information.

As an originator, you should determine based on a cursory review of income and assets whether your borrower will fall into a particular scenario (FHA vs. Conventional).

Many times, as with HELOC’s, Streamline Refi’s, or HECM’s the borrower already knows exactly what type of loan they want. The same applies to borrowers wishing to use USDA, VA, DPA’s or Rehab loans.

The good news is that if you take a basic application, pull credit and determine that your borrower may be better suited with an FHA loan, for example, rather than Conventional, you can easily apply the new template without having to start a new loan or risk losing information in your 1003.

Keep this in mind when designing your

templates:

Remember that they build on each

other. So, when building your Borrower

Master Template, keep it on track…

Do not add closing cost or loan program

information as this will conflict with the

information you add in other templates or cause errors when starting files.

Some suggestions for Borrower Master Templates

- Conventional Purchase

- Conventional Refinance

- FHA Purchase

- FHA Refinance

- USDA

- VA

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Start with the Borrower Information

Screen located in the “Forms” Menu.

Continue by working

through commonly used

screens such as the Truth-

in-Lending, Good Faith

Estimate, and the Written

List of Service Providers

Remember to save the

Fees Worksheet for your

Closing Cost Templates

Remember to save the TIL

ARM options for your Loan

Program Template

Creating the Master Template

Forms

Verifs

Track

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Templates:

Reduce input errors

Increase compliance capabilities

Increase ability to manage pipeline

Custom Business Rules can ensure the

use of correct templates.

Streamline Data entry

Verification Requests

Third Party Document Requests

State and Federal Disclosures

The Benefit of Using a Template

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• Create your first Borrower Master Template as completely as possible

• Copy your next Template making only minor changes.

• Refrain from populating Declarations that SHOULD be received directly from the applicant, regardless of how often they are the same.

• Utilize the Escrow and Title Tables

• Use these options to create tables for standard escrow and title fees.

• Utilize Tax Tables

• Create dropdown lists for city and state taxes.

• Closing Cost Scenarios and Loan Program Templates

• Use these templates to avoid repeat data entry for regular loan costs and laon program information.

Helpful Tips

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Knowledge Base Articles

0475 Defaulting information into Point files using a master template

0492 Entering Company Defaults (Fee Types, Impound Types, Escrow Account)

0410 Creating Closing Cost Scenarios to default the Fees Worksheet

0493 Entering Dropdown Lists (Taxes, Insurance, Transfer Taxes, Tax Stamps)

Resources

F1 from any screen in point

Point User Guide embedded in your software

www.calyxsoftware.com / support

1-800-342-2599 Customer Support

1-800-362- 2599 Account Managers / Sales

Professional Services for private training

Getting Help