Loan Application - Assets

Screen ID:  Screen Title:  Panel Number:

UHLCINFO-05 Assets 5195

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Access this screen by selecting the Assets button on the loan application screens.

SEE ALSO: How Loan Applications Work with the Household Database

I keep getting locked out a loan application. What is the "correct" way to exit a loan application without locking someone else or myself out of it?

I am a loan officer reviewing the application screens with a loan underwriter and the loan underwriter changes are not being saved. Why is this happening?

I select a loan request and then when I am on the loan application screens, I do not see all ten buttons at the bottom of the screen.  Why is this happening?

For loan applications, this screen lets you list key assets owned by the applicant and co-applicant, including market value. (Remember to press Enter advance to the screen with the co-applicant details.)  A similar screen will appear when maintaining household information, after using the Change option on the Household Members screen. 

• If the asset is used as collateral on a loan (such as a home that is secured by a mortgage) be sure to place a check the Secured column.

When ready, use Enter to save and proceed to the next screen, or use any of the tabs at the bottom of the screen to proceed directly to the desired area of the application/household.

• CU*TIP: When there is co-applicant on the application, if you press the Enter key to proceed through the remaining screens, the system will automatically stop on both the applicant and co-applicant screens.

Deleting Duplicate Co-Applicant Information

If the applicant and co-applicant are from the same household, there may be some duplication of asset items. Use the X next to the item to remove the duplicate co-applicant information, if necessary.

Place the cursor on the description of the item to be deleted and click the X next to the item. The window shown below will appear; select ONLY ONE of the options and use Enter to delete the item(s).

 

• IMPORTANT NOTE:  Do not use the button (F7) if you wish to save changes on this screen.  In fact, using on any of the application screens will actually clear any data from that screen without saving it from the household database.  Using the button (F3), however, will save changes made to the screen.  It is recommended, however, that you use Save/Done (F10) to exit this screen after making changes to it.

Field Descriptions

NOTE: None of these fields will appear on the standard CU*BASE short-form loan application.

Field Name	Description
Asset Code	This code will determine how an asset item is displayed on printed forms. HOME-01 Use this code to record the person's primary dwelling. RE-02 and RE-03 Use these codes to record any additional real estate assets. AS-04 through AS-10 Use these codes to record additional assets such as cars, boats, and other possessions.
Asset Description	Enter a description of the asset. For real estate, include the address or a description of the property. For vehicles, include the model, make and year.
Market Value	Enter the current market value of the item, in whole dollars.
Secured	Place a checkmark here if the member has an outstanding loan which uses this asset as security (collateral).
Real estate asset/other asset	Use this to record any miscellaneous note about this asset.

Buttons

Buttons	Description
Underwriting Comments (F5)	Use this to view or edit Underwriting Comments for this member.
Save/Done (F10)	Use this to exit and return to the Loan Recap or Loan App Check Results screen (if this feature is activated). Any changes made to this screen will be saved.