7. Underwriting

7.1 Introduction

Underwriting is the next step after application entry in Lease origination cycle. At the beginning of underwriting process, the application has been entered into Oracle Financial Services Lending and Leasing, receiving an application number. The application, then passes through the initial prescreening checks, and receives a credit bureau report. (Credit bureau pulls are based upon zip code setup.) The system assigns it a custom credit score and based on this, the application automatically updates its status and sent to the appropriate queue. In doing so, one of three things happen to the application:

• The application passes all the prescreening requirements and is automatically approved based on the auto-decisioning process. The system, then, automatically notifies the producer with a decision fax. You can use the Underwriting screen to view the application and decision information and proceed to funding.
• The application fails the prescreening requirements and is automatically rejected based on the auto-decisioning process. Again, the system notifies the producer with a decision fax. You can use the Underwriting screen to view application and decision information. Also, you can rehash the application.
• The application receives a status requiring a manual review and is sent to the underwriting queue. It is now up to the underwriter to verify data and manually change the status of application using Underwriting screen.

This chapter explains how to use the Underwriting screen to complete the following tasks:

• Loading an application on the Underwriting screen
• Verifying the applicant information
• Verifying the credit bureau data
• Calculating and validate the debt-to-income ratios
• Requesting a credit bureau report manually
• Adding comments and tracking attributes
• Making a decision about an application
• Verifying the edits
• Rehashing an application
• Ageing an application.
• Review Requests

7.2 Underwriting Screen - an overview

The underwriting process follows these basic steps:

• Opening the Underwriting screen and loading the application you want to work with.
• Viewing and verifying information about the applicant supplied during application entry.
• Viewing information from the credit bureau report.
• Viewing and verifying information regarding the collateral, if present.
• Viewing and verifying information regarding the trade-ins, if present.
• Calculating and validating the debt-to-income ratios.
• Selecting the pricing for the application.
• Specifying information regarding stipulations, itemizations, check lists, and rate schedules (variable rate Lease only), if required. (The checklist can be configured to display a list of tasks to follow when using the Underwriting screen.)
• Making a decision on the Lease (approve, reject, or condition).
• Performing an edits check to verify the information on Underwriting screen.
• Viewing errors and warnings from the edits check and make the required corrections to the data.
• Changing the status of the application.

7.3 Loading an Application on the Underwriting screen

The first step in the underwriting process is to load the application you want to work with. For details about using the Loading an application, refer Searching for an Application in the chapter Search Function.

7.3.1 Applications

The Underwriting screen’s Applications section appears at the top of the screen opened from Underwriting master tab. The screen displays the application number and name on the header and contains information such as application purpose, product and producer.

In this section, you can perform any of the Basic Operations mentioned in Navigation chapter

A brief description of the fields is given below:

Field:	View this:
App #	The application number
Dt	The application date
Product	The Lease product of the application.
Channel	How the application information was received.
Priority	The priority of the application.
Company	The company of the application.
Branch	The branch of the company.
Status	The status of the application.
Origination Stage Code	The origination stage code of the application.
Billing Cycle	The billing cycle of the application.
Purpose	The purpose of the application.
Producer	The producer type and producer of the application.
Producer Name	The name of the producer of the application. The Producer Name is displayed as a hyperlink and clicking on the same will open ‘Producers’ page with details of the producer.
Producer Contact Num­ber	The system displays the contact number of the producer.
Region	The region of the producer.
Territory	The territory of the producer.
Existing Customer	Indicates if the customer is an existing customer.
Duplicate Application	Indicates if the application is a duplicate application.
Lease Currency	The Lease currency of the application.
Class	The class of the application.
Sales Agent	The sales agent of the application.
Joint	If selected, indicates this is a joint application.
Cosigned	If selected, indicates this is a co-signed application.
Contact	The contact of the application.
Lead #	The lead number will appear in the list only if a lead is already created using the Sales Lead link.
CRB Pull	Check this box to pull an initial credit bureau report, after the application passes the pre screen edits. Uncheck the box, if you want to enter an application without pulling a credit report. To use a previously pulled credit bureau report, uncheck this box and specify the Bureau and Bureau Reorder # fields on the Primary Applicant screen.
Override Ok	Check this box to ignore the overrides. If the application has been marked as ‘Override OK’ then the system would allow you to change the application sta­tus even when override condition exists.
Warning Ok	Check this box to ignore the warnings. If the application has been marked as ‘Warning OK’ then the system would allow you to change the application sta­tus even when warning exists.
Proxy for Underwriter	If you are acting as a proxy for an Underwriter, then you can select the Underwriter’s name from the adjoining options list. The list displays all the associated Underwrit­ers, Underwriting Supervisors, and Underwriting Manag­ers. However, this is not mandatory and can be used while auctioning an application on behalf of another underwriter.

1. Perform any of the Basic Actions mentioned in Navigation chapter.

7.3.2 Changing the Status of the Application

You can use underwriting screen’s Applications master screen to change the status and sub status of the application.

To change the status of the application

1. On the Underwriting form’s Application master screen, change the status of application to either Approved, conditioned, or Rejected in the Status field and click Save.

The system checks the information on the Underwriting form using guidelines established during implementation.

The system finds an error based on these guidelines, a Warning message appears stating “Validation Error exist, Unable to Change the status. Please check the Edits.”

2. Click the Verification link and begin verifying edits on the Edits screen (For more information, see the Verification link section in this chapter.)

During status change:

• If there is an error in the edit, system displays an error message as ‘Errors exist. Cannot change status. Please Verify Edits.’ and previous status is retained.
• If there is an edit which requires override, the system displays an override message as ‘Override Required. Do you want to continue?’
  • If you select ‘Yes’, the system will continue with OVERRIDE_REQUIRED processing by changing the status.
  • If you select ‘No’, the system will change the status back to old status.

During status change, if there is a warning in the edit, the system displays an error message as ‘Warning Exists. Do you want to continue?’.

• If you select ‘Yes’, the system will continue processing by changing the status.
• If you select ‘No’, the system will change the status back to old status.

7.3.3 Rehashing an Application

Once the application moves to status of Approved, Rejected, or conditioned status, you cannot amend the information. However, you can amend the application, by changing the sub status of the application to Rehashing.

To Rehash the Application

1. Open the Underwriting screen and load the application you want to change with the Approved, Rejected, or conditioned status.
2. In the Applications master section, select Rehashing in the Sub Status field and click Save.

After you enter the information required in the application, you can change the status to Approved, Rejected, conditioned, or Withdrawn. (For more information, refer Decision Tab section in this chapter.)

Once the status is changed to Approved, Rejected, conditioned, or Withdrawn, you cannot make further changes to the information on the Decision tab.

7.3.4 Aging an Application

The Underwriting screen can be configured so that applications will be moved to a separate queue after a certain amount of time. (This time frame is determined in setup). This applications receive a sub status of Aged Application. This housekeeping function allows you to keep your system free of stagnant application by moving them into an archive.

7.4 Summary Tab

The summary screen provides a unified view of the application details without navigating to the respective screens/ sub-tabs.

Using this screen, you can view the following details in their respective sections:

• Super Summary
• Applicant
• Ratios
• Bureau
• Checklist
• Collateral
• Trade-In
• Requested
• Approved
• Decision Itemizations
• Decision History
• Comments
• Stipulations/Adverse Actions

To view the Super Summary

1. Open the Underwriting screen and load the application you want to work with.
2. Click Summary tab. By default the system opens the summary tab. Expand the Super Summary section.

   

The Super Summary tab provides a snapshot of all relevant details in a single screen and contains details of Applicant, Employment, Ratios, Bureau, Requested financials, Decision updates, Contract updates and Primary Collateral details. You need not have to navigate to each of these tabs for specific information on the application. Also clicking on the hyperlinks of Address, Employment, Ratios, and Trade-In helps you to directly navigate to respective tab(s),

During the Underwriting and Funding stages, 'verified' button is displayed just below the address and employment details for each of the applicants. This would be enabled only when the Verified by and Verified Dt in the respective tabs are blank. You can verify the details from the Super Summary tab. Clicking on Verified will do the following:

3. System will copy the stated values to Actual values.
4. System will stamp the “Verified By” as 'User Name' and 'Verified Date' as 'Current GL Date' for the respective applicant.
5. If 'Verified Details' are already updated in tab or if the details are stamped, this button will be disabled.
6. 'Verified' button will be available when 'Actual Amount' equal to ZERO or 'Verified By' or 'Verified Date' is NULL.

You need not navigate to Address and Employment tab for verifying applicant details.

Decision details will be displayed when application has Origination Stage as “Review, Decisioned, Contract or Funded”. In case an application is Rehashed, only Decision information will be displayed and Contract information will not be displayed. Contract details will be displayed when application has Origination Stage as “Contract or Funded”.

The system displays the collateral details maintained in the collateral tab on click of navigation button under the headings Primary Collateral and Secondary Collateral. Collateral details for Unsecured loan also will be displayed if they are maintained.

All the trade-in details, if any, maintained in the application would be displayed on click of Navigation button.

7.5 Applicant Tab

Having selected and loaded an application, you can view the information about applicant in the Applicants tab. This is information that was recorded on the Application Entry screen or gathered during the credit pull. You can edit data from the Application Entry screen at anytime in the following steps. Remember to save your work with each change. Information from the credit bureau pull is available to view only.

Using the information supplied on the application, complete the Applicants tab details and the following sub tab details:

• Address
• Employments
• Telecoms
• Summary
• Credit Scores
• Duplicate Applicant
• Existing Accounts.
• Tracking Attributes

Primary Applicant details are required for SME applications also. The system uses information on the Financial and Liabilities sub tabs in determining the applicant’s net worth. The system uses information on the Employments screen and Other Incomes sub screen to calculate the applicant’s debt-to-income ratio.

To verify applicant information on the Underwriting screen

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Applicants tab.
3. In this section, you can perform any of the Basic Operations mentioned in Navigation chapter

   

A brief description of the fields is given below:

Field	Do this
Relation Type	Select the relationship type from the adjoining drop-down list. For example, primary, spouse, secondary, or cosigner.
Salutation	Select the salutation from the adjoining drop-down list.
First Name	Specify the applicant’s first name.
MI	Specify the applicant’s middle name.
Last Name	Specify the applicant’s last name.
Family Name	Specify the applicant’s family name.
Suffix	Select the name suffix/generation from the adjoining drop-down list.
Birth Dt	Specify the applicant’s date of birth.
SSN	Specify the applicant’s social security number.
Class	Select the classification of the applicant from the adjoining drop-down list. For example, normal or employee. The system uses this information to restrict access to the database by recognizing employ­ees as ‘secured applications’. You can create a SME (Small Medium Enterprise) application by selecting Small business. When you select small business and save your entry, the Business Applicants link on the Applicants link is available. (required).
Email	Specify the personal Email ID of the applicant.
Time Zone	Specify the time zone to which the applicant belongs. This information appears when you enter and save the zip code for the primary appli­cant’s current home address on the Address sub screen. You can also manually complete this field.
Identity Information Section
Nationality	Select the applicant’s nationality from the adjoining drop-down list.
National ID	Specify the national identification number.
Passport #	Specify the passport number.
Passport Issue Dt	Select the date on which passport was issued.
Passport Expiry Dt	Select the passport’s expiration date.
Visa #	Specify the applicant’s visa number.
License #	Specify the applicant’s license number.
License State	Select the state where the license was issued, from the adjoining drop-down list.
Prior Appli­cant	Check this box to indicate that the customer is an existing customer.
Existing Cus­tomer	Check this box to indicate that this applicant has a previous account.
Existing Cus­tomer ID	Specify the customer ID if the applicant is an existing customer.
Existing Cus­tomer #	Specify the customer number if the applicant is an existing customer. On saving the applicant details, the data in ‘Existing Customer #’ is displayed as a link in ‘Applicant’ section header and clicking on the same will display the customer details in Search Results section of Servicing module.
Update Cus­tomer Info	Check this box to indicate if system can override the existing cus­tomer information and create the record with latest address and com­munication details of the customer.
Other Details section
Name in Local Language	Specify the applicant’s name in local language.
Gender	Select the gender of the applicant from the adjoining drop-down list.
Mother’s Maiden Name	Specify the mother’s maiden name.
Education	Select the education of the applicant from the adjoining drop-down list.
Language	Select the applicant’s native language from the adjoining drop-down list.
Dependents	Specify the number of dependents.
Marital Status	Select the marital status of the applicant from the adjoining drop-down list.
ECOA	Select the ECOA (Equal Credit Opportunity Act) code, from the adjoining drop-down list. This defines the various possibilities on who is liable; individual, joint, cosigner and so on.
Race	Select the applicant’s race from the adjoining drop-down list.
Ethnicity	Select the applicant’s ethnicity from the adjoining drop-down list. This is the information the Home Mortgage Disclosure Act requires to be reported.
Disability	Check this box if the application has a disability.
Privacy Opt Out	Check this box to indicate that the applicant has elected to refrain from the non-public sharing of information.
Insurance Opt Out	Check this box to indicate that the applicant has elected to refrain from insurance related inquiries.
Marketing Opt Out	Check this box to indicate that the applicant has elected to refrain from marketing related inquiries.
Share Credit Opt Out	Check this box to indicate that the applicant has elected to refrain from financial information and share credit related inquiries.
Prior Bank­ruptcy	Check this box if prior bankruptcy exists.
Bankruptcy Discharge Dt	Enter the discharge date of prior bankruptcy (if one exists).
KYC Section
Reference #	Specify the reference number.
Status	Select the status of the applicant from the adjoining drop-down list.
FATCA Section
Birth Place	Specify the birth place of the applicant.
Birth Country	Select the country of birth of the applicant.
Permanent US Resident Sta­tus	Check this box if the applicant has permanent US resident status.
Power of Attorney Section
Power of Attorney	Check this box if you hold a power of attorney.
Holder Name	Specify the holder name of the power of attorney.
Address	Specify the address of the holder.
Country	Specify the country of the power of attorney holder.
Nationality	Specify the nationality of the power of attorney holder.
Telephone Number	Specify the telephone number of the power of attorney holder.
Military Service - this section can be used to capture applicant’s Active Military Duty details and can be validated with applicant Bureau Details.
Active Mili­tary Duty	Check this box to indicate if applicant is on Active Military Duty.
Effective Dt	Select the date from when the applicant is on Active Military duty using adjoining calendar.
Order Ref #	Specify the Order Reference number which indicates the applicant’s Active Military duty service.
Release Dt	Select the date from when the applicant was released from Active Mil­itary duty using adjoining calendar.

4. Perform any of the Basic Actions mentioned in Navigation chapter.
5. You can verify the personal information about the applicant. Two check boxes indicate if this is an existing customer or a prior applicant. The Existing Customer field enables you to select the existing customer.

7.5.1 Address Sub Tab

You can specify more than one address for each applicant, such as a home address, second home address, and vacation home address. However, at least one must be marked as current. Also, only one address can be selected as the mailing address, and that address must be marked as current. Finally, while you can have more than one Home type address, only one can be marked as current.

To complete the Address sub tab

1. Click Address sub tab.
2. In this section, you can perform any of the Basic Operations mentioned in Navigation chapter.

Based on the country chosen in the address tab, the fields for capturing the address will vary.

A brief description of the fields is given below:

Field	Do this
Address Type	Select the type of address from the adjoining option list.
Current	Check this box if this is a current address. The mailing address must be marked as current.
Confirmed	Check this box if the address is the confirmed one
Mailing	Check this box if this is the mailing address. Only one address entry can be marked as the mailing address.
Permission to Call	Check this box if customer has provided permission to contact through the specified phone number. Atleast one phone number per application should have the permis­sion to call (flagged as 'Y') for the successful pre-qualification of the application. Else, an error message is displayed.
Country	Select the country of mailing address from the adjoining drop-down list.
Address Details section
Postal Type	Select the postal address type from the adjoining drop-down list.
Address #	Specify the address number of the mailing address
Street Pre	Select the street prefix (directional) from the adjoining drop-down list.
Street Name	Specify street name.
Street Type	Select the street type from the adjoining drop-down list.
Street Post	Select the street postfix (directional) from the adjoining drop-down list.
Apt #	Specify the apartment number.
Address Line 1	Specify the first address line.
Address Line 2	Specify the second address line.
Address Line 3	Specify the third address line.
Zip	Select the zip code from the adjoining drop-down list. For non US country, you have to enter zip code.
Zip Extn	Specify the extension of the zip code.
City	Specify the city of the mailing address.
State	Select the state of the mailing address, from the adjoining drop-down list.
Phone	Specify the phone number.
Additional Information section
Own / Rent	Select the ownership type from the adjoining drop-down list.
Landlord	Specify the landlord’s name.
Landlord Phone	Specify the landlord’s phone number.
Contact	Specify the person contacted on behalf of landlord.
Contact Title	Specify title of the person contacted on behalf of landlord.
Contact Phone	Specify phone number of the person contacted on behalf of landlord.
Extn	Specify the extension of the phone of the person contacted on behalf of landlord.
Census Tract/BNA code	Specify census tract/BNA (block numbering area). These are defined by the US Census Bureau code.
MSA Code	Specify the metropolitan statistical area (MSA) code. These are sim­ilar in concept to a zip code, but used mostly on government reports.
Comment	Specify a comment.
Address Rent Mortgage Stated section
Years	Specify the stated number of years at residence.
Months	Specify the stated number of months at residence.
Currency	Select the currency code of payment amount, from the adjoining drop-down list.
Pmt Amount	Specify the stated payment amount.
Frequency	Specify the stated payment frequency.
Rent/Mortgage	The system displays the rent or mortgage amount.
Address Rent Mortgage Actual section
Years	Specify the Actual number of years at residence.
Months	Specify the Actual number of months at residence.
Pmt Amount	Specify the Actual payment amount.
Frequency	Specify the Actual payment frequency.
Rent/Mortgage	The system displays the rent or mortgage amount.
Verified Section
Verified By	The name of the verifier.
Verified Dt	The date of verification.

3. Perform any of the Basic Actions mentioned in Navigation chapter.
4. If there are more than one addresses associated with the applicant, click Save And Add on the Address sub screen and add address details.

7.5.2 Employments Sub Tab

Use the Employment sub screen to record employment information about the applicant. You can have more than one entry.

To complete the Employments sub tab

1. Click Employments sub tab
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Current	Check this box if this is the current employment.
Permission to Call	Check this box if customer has provided permission to contact through the specified phone number. Atleast one phone number per application should have the permission to call (flagged as 'Y') for the successful pre-quali­fication of the application. Else, an error message is dis­played.
Type	Select the address type from the adjoining drop-down list.
Employer	Specify the employer’s name.
Occupation	Select the occupation from the adjoining drop-down list.
Title	Specify the title.
Department	Specify the department of the employer.
Employee ID	Specify the employee identification.
Employer Address section
Country	Select the country from the adjoining drop-down list.
Address #	Specify the building number.
Address Line 1	Specify the first address line.
Address Line 2	Specify the second address line.
Zip	Select the zip code from the adjoining drop-down list. For non US country, you have to enter zip code.
Zip Extn	Specify the zip code extension.
City	Specify the city.
State	Select the state from the adjoining drop-down list.
Additional Information section
Phone	Specify the work phone number.
Extn	Specify phone extension.
Contact	Specify the person contacted on behalf of the employer.
Contact Title	Specify title of the person contacted on behalf of the employer.
Contact Phone	Specify phone number of the person contacted on behalf of the employer.
Contact Extn	Specify the extension of the phone of the person contacted on behalf of the employer.
Comment	Specify a comment.
Employment Details Stated section
Years	Specify the stated number of years with the employer.
Months	Specify the stated number of months with the employer.
Frequency	Specify the stated income frequency from the adjoining drop-down list.
Currency	Select the currency code from the adjoining drop-down list
Income Amt	Specify the stated income.
Salary	View the salary of the customer.
Employment Details Actual section
Years	Specify the Actual number of years with the employer.
Months	Specify the Actual number of months with the employer.
Frequency	Specify the Actual income frequency from the adjoining drop-down list.
Income Amt	Specify the Actual income.
Salary	View the salary of the customer.
Verified Section
Verified By	The name of the verifier.
Verified Dt	The date of verification.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.5.3 Telecoms Sub Tab

The Telecoms sub screen only needs to be completed if additional phone numbers exist. If not, this sub screen can be left blank.

To complete the Telecoms sub tab

1. Click the Telecoms sub tab
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field	Do this
Type	Select the telecommunication type from the drop-down list.
Phone	Specify the phone number.
Extn	Specify the phone extension.
Current	Check this box if this Telecom number is current.
Permission to Call	Check this box if customer has provided permission to contact through the specified phone number. Atleast one phone number per application should have the permission to call (flagged as 'Y') for the successful pre-qualification of the applica­tion. Else, an error message is displayed.
Time Zone	Select the applicant’s time zone from the drop-down list.
Start Time	Specify the best time to start the call.
Period	Select the time period for the best time to call start time, am or pm, from the drop-down list.
Best day to call	Select the preferred day of the week to contact the customer from the drop-down list.
End Time	Specify the best time to end the call.
Period	Select the time period for the best time to call end time, am or pm, from the drop-down list.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.5.4 Summary Sub Tab

The system calculates debt ratios in the Ratios section on the Summary sub screen (Applicants link) using the data in the Incomes and Liabilities sections. Information in the Incomes section comes from the Employments sub screen and the Other Incomes sub screen during application entry. The information in the Liabilities section comes from the Address sub screen, the Liabilities sub screen during application entry, and the credit bureau pull.

To View Summary sub tab

1. Click the Summary sub tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field	Do this
What if Pmt Amt	Specify the payment amount you want to use in the ratios.
Score	View the credit score for the application
Grade	View the credit grade for the application
Totals
Monthly Income- Stated Amt	The stated monthly income.
Monthly Debt- Stated Amt	The stated monthly liability.
Monthly Income- Actual Amt	The actual monthly income.
Monthly Debt- Actual Amt	The actual monthly liability.
Assets Amt - Liabilities Amt	The net worth amount.
Ratios
Debt - Stated Before (%)	The debt amount stated before.
Debt - Stated After (%)	The debt amount stated after.
Debt - Actual Before (%)	The actual debt amount before.
Debt - Actual After (%)	The actual debt amount after.
Disposable Inc - Stated Before (%)	The disposable income stated before.
Disposable Inc - Stated After (%)	The disposable income stated after.
Disposable Inc - Actual Before (%)	The actual disposable income before.
Disposable Inc - Actual After (%)	The actual disposable income after.
Revolving Debt - Stated Before (%)	The stated revolving debt before.
Revolving Debt -Stated After (%)	The stated revolving debt after.
Revolving Debt - Actual Before (%)	The actual revolving debt before.
Revolving Debt - Actual After (%)	The actual revolving debt after.
Pmt to Income - Stated Before (%)	The stated income payment before.
Pmt to Income - Stated After (%)	The stated income payment after.
Pmt to Income - Actual Before (%)	The actual income payment before.
Pmt to Income - Actual After (%)	The actual income payment after.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

Once the payment amount is approved in Decision screen, it will be copied and displayed in the What if Payment field in Summary sub screen.

Calculating Debt Ratios

The system offers powerful tools to the underwriter for analyzing an applicant’s debt-to-income ratios (total of an applicant’s debt obligation divided by that person’s regular income). The system calculates debt ratios in the Ratios section on the Summary sub screen (Applicants link) using the data in the Incomes and Liabilities sections. Information in the Incomes section comes from the Employments sub screen and the Other Incomes sub screen during application entry. The information in the Liabilities section comes from the Address sub screen, the Liabilities sub screen during application entry, and the credit bureau pull.

An underwriter may also add information to the Incomes and Liabilities sections on the Summary sub screen during the underwriting process.

The debt-to-income ratios in the Ratios section can be recalculated by including or excluding information from the Incomes section, Liabilities section and Financials sub screen.

To calculate debt ratios

1. Open the Underwriting screen and load the application you want to work with.
2. In the Underwriting link bar, click Applicants.
3. On the Applicants Details screen, select the applicant you want to work with and click Show in the Details column.
4. Click Summary sub tab.
5. On the Summary sub screen, view the display only data in the Totals section.

   Field:	View this:
   Monthly Income (Stated)	The stated monthly income.
   Monthly Income (Actual)	The actual monthly income.
   Monthly Debt (Stated)	The stated monthly liability.
   Monthly Debt (Actual)	The actual monthly liability.
   Assets	The assets.
   Liabilities	The liabilities.
   Net-Worth	The net-worth.

6. In the What if Pmt Amt field, enter the payment amount you want to use in the ratios. Once the payment amount is approved in Decision screen, it will be copied in the What if Payment field and the ratios are updated accordingly.

Whenever you modify the ‘What If pmt Amt’ field, system automatically calculates the below ratio's:

• Stated Before DTI - if liabilities, stated income or applicant financials are updated.
• Stated After DTI - if decision payment amount, liabilities, stated income or applicant financials are updated.
• Actual Before DTI - if liabilities, actual income or applicant financials are updated.
• Actual After DTI - if decision payment amount, liabilities, actual income or applicant financials are updated.
• Stated PTI - if decision payment amount, stated income or applicant financials are updated.
• Actual PTI - if decision payment amount, liabilities, actual income or applicant financials are updated.

7.5.4.1 Financials Sub Tab

The Financials sub screen only needs to be completed if financial assets exist on the application. If not, this sub screen can be left blank.

To complete the Financials sub tab

The Financials sub screen only needs to be completed if financial assets exist on the application. If not, this sub screen can be left blank.

1. Click Financials sub tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field	Do this
Type	Select financial type from the drop-down list. For example, liquid assets, retirement assets, and so on.
Source	Specify source; for example, stocks, 401K, rent received, and so on.
Account #	Specify the account number.
Currency	Select the currency code from the drop-down list.
Lease Cur­rency Amount	View the Lease currency amount.
Amount	Specify amount.
Include	Check this box to indicate that the Asset is included.
Comment	Specify comment, if any.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.5.4.2 Liabilities Sub Tab

All the liabilities of the applicant that are entered during application entry are displayed in this tab. For example: Rent. In addition, if you need to record additional liabilities for an applicant the same can be done in this tab. Also any liability information of the applicant received through credit pull will be displayed under 'Credit Bureau Data' in Liabilities sub tab.

To complete the Liabilities sub tab

1. Click Liabilities sub tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field	Do this
Include	Check this box to indicate that the liability is included.
Liability Type	Select the liability type from the adjoining drop-down list.
Currency	Select the currency code from the adjoining drop-down list.
Amount	Specify the liability amount.
Lease Currency Amount	View the Lease currency amount.
Frequency	Select the frequency from the adjoining drop-down list.
Account Type	Specify the account type.
Account Balance	Specify the account balance.
Lease Account Bal­ance	View the Lease currency amount.
Comment	Specify a comment, if any.
Credit Bureau Data
Bureau	View the name of credit Bureau.
Open Dt	View the opening date of credit account.
Pmt Manner	View the mode of payment.
Account #	View the account number.
Status	View the current status of credit account.
Account Type	View the type of account maintained.
Creditor's Name	View the name of the Creditor.
Subscriber #	View the Subscriber number.
ECOA	View the ECOA (Equal Credit Opportunity Act) code.
Term	View the term of credit.
Credit Limit	View the total credit limit amount.
High Balance	View the high balance amount if any.
Past Due Amt	View the total past due amount if any.
30	View the number of delinquency days.
60	View the number of delinquency days.
90	View the number of delinquency days.

3. Perform any of the Basic Actions mentioned in Navigation chapter.
4. The Dedupe Liabilities button removes duplicate (“de-dupes”) liabilities that may be present from subsequent (manual) credit bureau pulls for nonspousal joint applications

7.5.4.3 Other Incomes Sub Tab

The Other Incomes sub tab only needs to be completed if other incomes exist on the application. If not, this sub screen can be left blank.

To complete the Other Incomes sub tab

1. Click the Other Incomes sub tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field	Do this
Type	Select the income type from the adjoining drop-down list. Note: In case, the other income of the applicant is from Employment, then the details of Actual Amount specified in the Employments Sub Tab is auto populated. Also if the income is verified in the Employments Sub Tab, then Verified By and Verified Dt details are auto populated. You can also verify the details here using the current system date.
Currency	Select the currency from the adjoining drop-down list.
Stated Amount	Specify the monthly stated income.
Frequency	Select the income frequency from the adjoining drop-down list.
Lease Currency Amount Stated	View the Lease currency amount stated.
Comment	Specify a comment, if any.
Include	By default the include check box is selected indicating that the other income details are included. You can deselect the same if not required. When Include check box is selected system automatically adds the ‘Loan Currency Amount Stated’ and ‘Loan Currency Amount Actual’ details to Applicant > Summary Tab. Also system calculates the DTI and PTI ratio's based on ‘Actual Amount’ specified.
Actual Amount	Specify the actual monthly income amount.
Lease Currency Amount Actual	View the actual Lease currency amount.
Verified By	The Verified By field is auto populated with the logged in user name only after the record has been verified and saved.
Verified Dt	You can verify the record by selecting the current system date from the adjoining calendar icon. Note: System displays an error message if any other dates is selected apart from current system date.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.5.4.4 Rescoring a Credit Bureau Report Manually

Any manually pulled credit bureau reports can be used to rescore an application.

To manually rescore a credit bureau report

1. Open Underwriting screen and load the underwriting application you want to work with.
2. Click Applicants.
3. On the Applicants Details screen, select the applicant you want to work with and click View.
4. Click the Credit Scores sub tab.
5. In the Rescore Applicant section, select in the Credit Report ID field, the bureau report you want to use to rescore the applicant.
6. Click Rescore.

The system displays the new information in the Credit Scores and Parameters sections. This new score automatically appears in the System Recommendation section on the Decision link.

7.5.5 Credit Score Sub Tab

You can view the credit score based on the system’s internal scoring models in Credit Scores sub tab.

To View Credit Scores sub tab

1. Click the Credit Scores sub tab.

You can view the following details:

• Credit Score
  • Model
  • Bureau
  • Credit Report ID
  • Credit Grade
  • Score
  • Current

• Parameters
  • Parameters
  • Value
  • Score

Note

If you select No Bureau in the Credit Bureau Report ID field and click Rescore, the best match internal scoring is used for rescoring the applicant without credit bureau report.

7.5.6 Duplicate Applicant Sub Tab

Click De-dupe Applicants to display the existing customer details of the applicant. While reviewing the de-dupe results, if the current applicant's credentials are exactly matching with an existing customer record, you can attach the current application to the existing customer. The same can be done by just keying in the customer ID in the applicants tab and clicking save.

In case a particular customer has more than one account, on clicking De-dupe Applicants the system displays only one account in ‘Duplicate’ sub tab. However, you can view all the accounts held by customer in 'Existing accounts' sub tab.

To View duplicate applicant’s details, click Duplicate Applicant sub tab. In this section you can view the duplicate applicant’s details.

A brief description of the fields is given below:

Field	Do this
Source Type	View the source type of the duplicate applicant
Applicant Id/ Cus Id	View the applicant ID if the source type is applicant and the customer ID if the source type is customer.
Application #	View the application number of the existing applicant details for the respective records.
Days since last appli­cation	View the total number of days elapsed since the last appli­cation date. System auto calculates this value as ‘Current system date (minus) Last application date’.
ID	View the applicant ID
First Name	View the first name of the duplicate applicant
Middle Name	View the middle name of the duplicate applicant
Last Name	View the last name of the duplicate applicant
Date of Birth	View the date of birth of the duplicate applicant
CIF	View the CIF no of the duplicate applicant
SSN # / National ID	View the national ID or SSN number of the duplicate appli­cant
Driving License #	View the driving license number of the duplicate applicant
City	View the city of the duplicate applicant
State	View the state of the duplicate applicant
Zip	View the zip of the duplicate applicant

7.5.7 Existing Account Sub Tab

The Existing Account Sub Tab displays the applicant's details, if it has been previously maintained in the system. Also along with the applicant's details, the account number of the applicant is displayed as a hyperlink. Clicking on the hyperlink will display the respective account details through the Customer Service screen of Servicing module.

In case you do not see a hyperlink associated with the account number, then you might have restricted access to the Servicing module. You can request your system administrator to navigate to Setup > User > Access screen, and enable the ‘ACCESS TO SERCOLL UCS CUSTOMER SERVICE TAB’ option in Security Access Definition section available in the 'Screen' tab. For more information, on defining user privileges, refer to ‘3.3.2 Screen’ section in Setup guide.

View the following details:

Field:	View this:
Account #	The account number.
Title	The account title.
Relation	The customer relationship.
Product	The Lease product.
Payoff Amount	The payoff amount.
Amount Due	The delinquent amount due.
Oldest Due Dt	The due date.
Status	The account status.
Company	The company.
Branch	The branch.
Total Pay Off Amt	The payoff amount.
Total Amt Due	The total due amount.

7.5.8 Tracking Attributes Sub Tab

You can add tracking attribute information to an application at any time in the underwriting process by using the Tracking Attribute tab.

The Tracking tab enables you to record further information associated with the application. What items you choose to track are setup during implementation.

To track attributes

1. Click Tracking Attributes sub tab.
2. Select the item you want to track.
3. Click Edit to edit the following information:

   Field	Do this
   Sub-Parameter	View the sub-parameter
   Parameter	View the parameter.
   Value	Specify the information about the corresponding Value field.

4. Save changes you made to the account.

7.5.8.1 Create Tracking

1. Click Create Tracking, the system loads the tracking parameters.

• If you want to reduce the list of parameters, select a sub-attribute in the Sub Attribute box.
• If your system has been configured to use the Sub Code field, only attributes in a particular group appear in the Parameter display.

2. Specify the requested parameter in the Value field and click Save.

7.5.9 Customer Search Tab

While creating an application for an existing customer, you can retrieve and copy the customer details into the new application by using the Customer Search section of the Simple Application Entry screen.

You can modify only the address, employment, financial details and not the demographic and identification details.

To copy the Customer Details

1. On the Underwriting screen, click Applicants tab.
2. Click Customer Search tab.
3. In the Search Criteria screen, use the Comparison Operator and Values columns to create the search criteria you want to use to find a customer.
4. Click the Search button.

The system locates and displays all the customer details that meet your search criteria in the Search Results section.

Select Reset Criteria at any time to clear the Comparison Operator and Values columns on the Criteria screen.

5. In the Search Results section, select a customer you want to load.
6. Select the relation type and click Copy Customer Details.

7.6 Business Tab

Oracle Financial Services Lending and Leasing can record SME business related financial information and business partners on the Business section to assist in approving the Lease application during underwriting. The Business Applicant screen is available and contains the following sub screens:

• Address
• Telecoms
• Financials
• Liabilities
• Partners
• Affiliates
• Other details

If there are no business information associated with the application, the Business Applicant tab is unavailable.

To complete the Business tab

1. If SME business information is included on the application, select small business in the Class field on the Applications section and click Save.

The Business tab appears on the Underwriting screen.

2. Click BusinessTab .

   

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

A brief description of the fields is given below:

Field:	Do this:
Organization Type	Select the organization type.
Business Type	Select the type of the business.
Business Name	Specify the name of the business.
Legal Name	Specify the legal name of the business.
Tax ID	Specify the tax identification.
Start Date	Specify the business start date.
# of Employees (Cur)	Specify the current number of employees at the business.
# of Employees	Specify the number of employees at the business after financing.
Contact Person	Specify the contact person at the business.
Business Checking Bank	Specify the bank name of the business’s checking account.
Bank Acc #	Specify the bank account number.
Avg Checking Balance	Specify the average checking balance.
# of Locations	Specify the number of locations of the business.
Management Since	Specify the year the current management was established.

4. Perform any of the Basic Actions mentioned in Navigation chapter

7.6.1 Address Sub Tab

You can enter more than one address for the business.

To complete the Address Sub Tab

1. Click Address Sub Tab
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Address Type	Select the address type.
Country	Select the country.
Address #	Specify the building number.
Own /Lease	Select the ownership type.
Comment	Specify a comment.
Postal Type	Select the address type.
Street Pre	Select the street prefix (directional).
Street Name	Specify street name
Street Type	Select the street type.
Street Post	Select the street postfix (directional).
Apt #	Specify the apartment number.
Address Line 1	Specify the first address line.
Address Line 2	Specify the second address line.
Zip	Select the zip code. For non US country, you have to enter zip code.
Zip Extn	Specify the zip extension.
City	Specify the city.
State	Select the state.
Phone	Specify the phone number.

3. Perform any of the Basic Actions mentioned in Navigation chapter
4. If there are more than one addresses associated with business, click Save And Add and add the address details.

7.6.2 Telecoms Sub Tab

The Business tab’s Telecoms sub tab needs to be completed, if additional phone numbers for the business exist. If not, this sub tab can be ignored.

To complete the Telecoms sub tab

1. Click Telecoms sub tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Type	Select the telecommunication type.
Phone	Specify the phone number.
Extn	Specify the phone extension.
Current	If selected, indicates that this is a current telecom.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.6.3 Financials Sub Tab

The Business tab’s Financials sub screen only needs to be completed if financial assets exist on the application for the business. If not, this sub screen can be left blank.

To complete the Financials sub tab

1. Click the Financials sub tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Type	Select financial type; for example, liquid assets, retirement assets, and so on.
Source	Specify source; for example, stocks, 401K, rent received, and so on.
Currency	Select the currency of the asset.
Amount	Specify amount.
Lease Currency Amount	The system displays the Lease currency amount
Comment	Specify comment, if any.
Include	Check this box to include this record in calculations on the Other Details sub section.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.6.4 Liabilities Sub Tab

The Business Applicant link’s Liabilities sub screen only needs to be completed if financial liabilities exist on the application for the business. If not, this sub screen can be left blank.

To complete the Liabilities sub tab

1. Click Liabilities sub tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Type	Select the liability type.
Currency	Select the currency.
Lease Currency Amount	The system displays the Lease currency amount
Amount	Specify the liability amount.
Frequency	Select the frequency.
Account Type	Specify the account type.
Lease Currency Account Balances	The system displays available Lease currency account balance.
Account Balance	Specify the account balance.
Comment	Specify comments, if any.
Include	Check this box to include this record in calculations on the Other Details sub screen.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.6.5 Partners Sub Tab

You can enter more than one partner for the business.

To complete the Partners sub tab

1. Click Partners sub tab
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
First Name	Specify the partner’s first name.
MI	Select the partner’s middle name.
Last Name	Specify the partner’s last name.
Suffix	Specify the partner’s suffix.
SSN #	Specify the partner’s social security number.
Birth Dt	Specify the partner’s birth date.
Birth Place	Specify the partner’s birth place.
Title	Select the partner’s title.
Ownership (%)	Specify the percentage of ownership held by the customer.
Net worth	Specify the partner’s net worth.
Gross Income	Specify the partner’s gross income.
Language	Specify the partner’s language.
Nationality	Specify the partner’s nationality.
Country	Select the partner’s country code.
Address #	Specify the partner’s address number.
Address Line 1	Specify the partner’s first address.
Address Line 2	Specify the partner’s second address line.
Zip	Select the partner’s zip code. For non-US country, you have to enter zip code.
Zip Extn	Specify the partner’s zip extension.
City	Specify the partner’s city.
State	Select the partner’s state.
Phone	Specify the partner’s phone number.
Extn	Specify the partner’s phone extension.
Email	Specify the partner’s email.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.6.6 Affiliates Sub Tab

You can enter more than one affiliate for the business.

To complete the Affiliates sub tab

1. Choose Affiliates sub tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Organization Type	Select the affiliate’s organization type
Legal Name	Specify the affiliate’s legal name
Business Name	Specify the affiliate’s business name
Tax ID	Specify the affiliate’s tax identification
Ownership (%)	Specify the affiliate’s percentage of ownership
# of Employees	Specify the affiliate’s number of employees
NAICS CODE	Specify the affiliate’s North American Industry Classification System code.
Country	Select the affiliate’s country code.
Address #	Specify the affiliate’s address number.
Address Line 1	Specify the affiliate’s first address line.
Address Line 2	Specify the affiliate’s second address line.
Zip	Select the affiliate’s zip code. For non US country, you have to enter zip code.
Zip Extension	Specify the affiliate’s zip extension.
City	Specify the affiliate’s city.
State	Select the affiliate’s state.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.6.7 Other Details Sub Tab

The Other Details sub screen records information regarding monetary amounts associated with the business such as profits, sales, and expenses.

To complete the Other Details sub tab

1. Click Other Details sub tab.
2. Click Edit.
3. Verify financial details as well as assets and liabilities linked to the business.

A brief description of the fields is given below:

Field:	Do this:
Other Details section
Currency	Select the currency.
Business Type	Select the type of business.
Analysis Frequency	Select the analysis frequency.
Lease Currency Gross Margin Factor	The system displays the Lease currency business’s gross margin factor
Gross Margin Factor	Specify the business’s gross margin.
Organization Type	Select the type of organization.
Lease Currency Income	The system displays the Lease currency business income amount.
Income	Specify the business’s income amount.
Lease Currency Collec­tion Average	Specify the Lease currency collection average.
Collection Average	Specify the collection average.
Lease Currency Proj Coll Avg Annual	Specify the Lease currency annual projected collection aver­age.
Proj. Coll.Avg.Annual	Specify the annual projected collection average.
Lease Currency Book List	Specify the Lease currency business booklist.
Book List	Specify the business booklist.
Lease Currency Turn Over	Specify the Lease currency turnover amount.
Turn Over	Specify the turnover amount.
Lease Currency Capital Amount	Specify the Lease currency capital amount.
Capital Amt	Specify the capital amount.
Lease Currency Earned Surplus	Specify the Lease currency earned surplus amount.
Earned Surplus	Specify the earned surplus amount.
Lease Currency Gross Profit	Specify the Lease currency gross profit amount.
Gross Profit	Specify the gross profit amount.
Lease Currency Net Profit	Specify the Lease currency net profit amount.
Net Profit	Specify the net profit amount.
Lease Currency Work­ing Capital	Specify the Lease currency working capital amount.
Working Capital	Specify the working capital amount.
Lease Currency Annual Sales	Specify the Lease currency annual sales amount.
Annual Sales	Specify the annual sales amount.
Lease Currency Pro­jected Sales	Specify the Lease currency projected sales amount.
Projected Sales	Specify the projected sales amount.
Lease Currency Equity	Specify the Lease currency equity amount.
Equity	Specify the equity amount.
Open Delq	Specify the open delinquency amount.
Lease Currency Busi­ness Expenses	Specify the Lease currency business expenses amount.
Business Expenses	Specify the business expenses amount.
Lease Currency Per­sonal Expenses	Specify the Lease currency personal expenses amount.
Personal Expenses	Specify the personal expenses amount.
Lease Currency Total Expenses	View the Lease currency total expenses amount.
Total Expenses	View the total expenses amount.
Lease Currency Annual Proj Sales Amt	View the Lease currency annual projected collection amount.
Annual Proj Sales Amt	View the annual projected collection amount.
Lease Currency Annual Proj Exp Amt	View the Lease currency annual projected expenses amount.
Annual Proj Exp Amt	View the annual projected expenses amount.
Lease Currency Current Assets	Lease currency current assets.
Current Assets/Liability ratio	View the current asset to liability ratio.
Lease Currency Fixed Assets	View the Lease currency fixed assets.
Fixed Assets	View the fixed assets.
Lease Currency Intangi­ble Assets	View the Lease currency intangible assets.
Intangible Assets	View the intangible assets.
Lease Currency Current Liabilities	View the Lease currency current liabilities
Current Liabilities	View the current liabilities.
Lease Currency Long Term Liabilities	View the Lease currency long term liabilities.
Long Term Liabilities	View the long term liabilities.
Lease Currency Total Assets	View the Lease currency total assets
Total Assets	View the total asset amount.
Lease Currency Total Networth	View the Lease currency total net worth amount.
Total Net worth	View the total net worth amount.
Lease Currency Total Liability	Lease currency total liability amount.
Total Liability	View the total liability amount.
Debt Net worth Ratio	View the debt to net worth ratio.
Current Assets/Liability ratio	View the current asset to liability ratio.
Title 1-4	Specify the title.
Signature1-4	Specify the signature.

7.7 Request Tab

You can calculate Payment, Interest Rate, Term and Lease Amount using Request tab’s Calculate button. 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.

   

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

A brief description of the fields are given below:

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.

If you want system to calculate,

4. 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 Loam Amount

5. Click Calculate. The system displays the requested calculation in the respective field.

7.7.1 Itemization Sub Tab

The Itemizations sub tab enables you to add or verify any itemized amounts associated with the application. The list of itemizations is determined by the product you select in the master screen during the application entry process. The Itemizations sub screen displays an itemization record of the amount financed, such as the cash price, cash down payment, trade-in, unpaid cash price balance and so on. Information that was entered on the Itemization sub screen during the application entry process will appear in the Requested Amt column. Information that you enter as an underwriter in the Approved Amt column will appear in the Itemizations sub tab on the Underwriting screen.

Application request details need to be essentially entered in the itemization sub tab for pre-screening to be successful. Else, the system displays error and application would not proceed to the next level in work flow. The details of down payment, trade-in, insurance, fees etc. and the total sale price are recorded under itemization.

To add or view itemizations

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Request > Itemizations sub tab.
3. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Itemization	View the itemization.
+/-	View whether the itemized amount is added or subtracted from the Lease amount.
Requested Amt	Specify the requested amount.
Comment	Specify a comment.

4. Perform any of the Basic Actions mentioned in Navigation chapter.

7.7.2 Trade-In Sub Tab

The Trade-In sub screen enables you to add or verify any trade-ins associated with the application. If there is any information regarding an itemized trade-in, use the Trade-In sub screen to enter the details in the system. (This sub screen might already contain information supplied during the application entry process.)

To complete the Trade-In sub screen

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Request > Trade-In.
3. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Trade-In
Asset Type	Select the asset type.
Asset Sub Type	Select the asset sub-type.
Year	Specify the year of the asset.
Make	Specify the make of the asset.
Model	Specify the model of the asset.
Body	Specify the body of the asset.
Identification #	Specify the identification number.
Description	View the asset description.
Valuation
Wholesale Amt	Specify the wholesale value.
Base Retail Amt	Specify the retail value.
Addons Amt (+)	Specify the add ons value.
Pay Off Amt (-)	Specify the payoff amount.
Total Amt =	View the total value.
Valuation Dt	Specify the valuation date.
Source	Select the valuation source.
Valuation Supplement	Specify the valuation supplement.
Edition	Specify the valuation edition.

4. Perform any of the Basic Actions mentioned in Navigation chapter

7.7.3 Subvention Sub Tab

With the Subvention sub tab, available only for Lease, you can review the subvention information from the application entry and calculate the subvention amount, as well as override the calculated subvention amount. The participant’s information is automatically populated based on the selected subvention plan.

To complete the Subvention sub screen

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Request > Subvention sub tab.
3. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Subvention Plan section:
Plan	Select the subvention plan.
Description	View the subvention plan description.
Sub Plan	Select the sub plan.
Sub Plan Description	View the subvention sub plan description.
Subvention Type	View the subvention type.
Include	Check this box to include this record in calculations on the Other Details sub section

4. Perform any of the Basic Actions mentioned in Navigation chapter.

7.8 Decision Tab

If the application was initially approved automatically, the system displays its recommendations on the Decision tab’s Approved section.

If the application was initially rejected automatically, the system displays its reasons on the Decision link’s Stipulation sub tab.

If you choose to approve or reject the Lease manually, you must manually select the pricing (rule) set by the portfolio company for a specific product. The system validates this pricing against the information in the System Recommendation sections. The information in the Requested section comes from the application entry process and can be edited.

• If the data meets your approval, change the status of the application to either Approved or Rejected and enter any stipulations.
• If you reject the application, change the status to Rejected and enter the reasons for the adverse action on the Stipulations sub screen.

On clicking Calculate, you can calculate the Lease amount, rate, term, and payment. You can use the calculator available in Tools section for completing this step. For detailed information on using the Calculator tools, refer “Tools” chapter in the document.

To verify the application decision data

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Decision tab.

   

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

• A brief description of the fields is given below:

  Field:	Do this:
  Pricing section
  Current	Check this box to indicate that this is the current deci­sion.
  Pricing	View the pricing.
  Decision Dt	View the decision date.
  Underwriter	View the underwriter id.
  Status	View the application status.
  Sub Status	View the application sub-status.
  Approved section
  ApprovedTerm	Specify the approved decision term.
  Pmt Amt	Specify the approved payment amount. Note: If the system parameter ‘Auto Calculate PMT’ is set to ‘Y’ in Setup > Administration > System > System Parameter screen, the system auto calculates the pay­ment amount whenever there is a change in Decision Term or Decision Rate or Max Financed Amount fields.
  Note: Once the payment amount is approved, it will be copied on to the What if Payment field in the Summary sub screen of the Applicants Details screen.
  Pricing Buy Rate	View the pricing buy rate.
  Approved Buy Rate	View the approved buy rate which is by default the Pric­ing Buy Rate displayed above. You can also specify the required approved buy rate.
  Buy Rent Factor	View the buy rent factor.
  Rate	Specify the rate. Note: For Islamic products this field is displayed as ‘Profit Rate’.
  Capitalized Cost	Specify the capitalized cost.
  Grade	Select the credit grade.
  Score	Specify the credit score.
  Rent Factor	Specify the rent factor.
  Residual %	Specify the residual percentage.
  Bureau 1	Specify the Bureau 1.
  Bureau 2	Specify the Bureau 2.
  Bureau 3	Specify the Bureau 3.
  Comments	Specify comments, if any.

4. Perform any of the Basic Actions mentioned in Navigation chapter.
5. Click Select Pricing.

The system determines the best pricing match of all enabled Lease pricing strings in the Setup menu and displays the results in the Pricing and Approved sections.

6. Re-Score

A 'Re-Score' button is available next to 'Calculate'. Whenever any sensitive Financial or Collateral information is amended in the Application, OFSLL displays a warning message 'Scoring sensitive information is changed. Re-score the application'. You need to click on Re-Score to re-validate the grade and pricing accordingly.

The display of the warning message to Re-score the application can be controlled using the respective System parameter. If the defined System Parameter is flagged 'Y', only then the message is displayed.

If you are underwriting a Lease, record the following information on the Decision tab:

7. If you are approving the application, complete the Approved section with the values you want to approve as an underwriter. You can update the default values that appeared when you selected the pricing string in step 3. (The system calculator may be of use when completing this section. For more information, refer the Tools chapter.)
8. Click Calculate. The system displays the decision calculation in the respective field.

7.8.1 System Recommendation

The System Recommendation sub screen displays the system generated Score, Decision and Grade. You will also be able to view the request details of the application under 'Requested' section itself.

A brief description of the fields in System Recommendation section are given below:

Field:	Do this:
Score	View the system recommended score.
Decision	View the system recommended decision.
Grade	View the system recommended grade.

A brief description of the fields in Requested section are given below:

Field	Do this
Requested Advance Amt	View the requested advance amount
Pmt Amt	View the requested payment amount.
Term	View the requested term (number of payments).
Requested Rate	View the requested rate of interest.
Down Pmt%	View the down payment percentage
Down Pmt	View the down payment amount
Approx Prc	View the approximate cash price
Promotion	View the promotion type from the drop-down list.
Balloon Amt	View the balloon amount.
Signing Dt	View the signing date
Probable Delivery Dt	View the probable delivery date.

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.

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.)

7.8.2.1 Add Multiple

The system enables you to add multiple records to stipulations using the 'Add Multiple' option.

To add multiple stipulations

1. Click the drop down list adjacent to the 'Add Multiple' button.
2. Select the check box against to the required stipulations. You can also select ’All’ to load all the available stipulations.
3. Click Add Multiple.
4. If required, you can perform any of the Basic Actions mentioned in Navigation chapter.

7.8.2.2 Copying Stipulations

The system enables you to automatically transfer stipulations from previous decisions on the Stipulations sub screen with the Copy Stipulations button. This is particularly useful when you are rehashing an application and want to use the same stipulations as those in place for the previous decision.

7.8.2.3 Loading Stipulations

The system supports the automatic generation of default stipulations on the Underwriting screen’s Stipulations sub screen. The default stipulations can be maintained by company, branch, product, state, application status and application sub-status. When the application status changes (either manually and automatically), the system populates the maintained stipulations with a Stips Satisfied indicator of ‘No’. You can review and update the stipulations accordingly.

You have the option to manually load predefined stipulations by clicking the Load Stipulations button on the Stipulation screen.

To load predefined stipulations

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Decision > Stipulations.
3. Click Load Stipulations. The system loads the default stipulations on the Stipulations sub screen.
4. Use the Yes/No/NA buttons in the Stips Satisfied column to indicate if you verified the stipulation(s) in the Type field.
5. Click Save on the Stipulations sub screen.

7.8.3 Itemization Sub Tab

The Itemizations sub screen enables you to add or verify any itemized amounts associated with the application. The list of itemizations is determined by the product you selected in the master screen during the application entry process. The Itemizations sub screen displays an itemization record of the amount financed, such as the cash price, cash down payment, trade-in, unpaid cash price balance and so on. Information that was entered on the Itemization sub screen during the application entry process will appear in the Requested Amt column. Information that you enter as an underwriter in the Approved Amt column will appear in the Itemizations sub screen on the Underwriting screen.

To add or view itemizations

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Decision > Itemizations sub tab.
3. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Itemization	View the itemization.
+/-	View whether the itemized amount is added or subtracted from the Lease amount.
Requested Amt	Specify the requested amount.
Approved Amt	Specify the approved amount.
Discount Rate	Specify the discount rate.
Comment	Specify a comment.

4. Perform any of the Basic Actions mentioned in Navigation chapter.

7.8.4 Trade-In Sub Tab

The Trade-In sub screen enables you to add or verify any trade-ins associated with the application. If there is any information regarding an itemized trade-in, use the Trade-In sub screen to enter the details in the system. (This sub screen might already contain information supplied during the application entry process.)

To complete the Trade-In sub screen

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Decision > Trade-In sub tab.
3. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Trade-in section
Asset Type	Select the asset type.
Asset Sub Type	Select the asset sub-type.
Year	Specify the year of the asset.
Make	Specify the make of the asset.
Model	Specify the model of the asset.
Identification #	Specify the identification number.
Body	Specify the body of the asset.
Description	View the asset description.
Valuation section
Wholesale Amt	Specify the wholesale value.
Base Retail Amt	Specify the retail value.
Addons Amt (+)	Specify the add ons value.
Payoff Amt (-)	Specify the payoff amount.
Total Amt =	View the total value.
Valuation Dt	Specify the valuation date.
Source	Select the valuation source.
Valuation Supple­ment	Specify the valuation supplement.
Edition	Specify the valuation edition.

4. Perform any of the Basic Actions mentioned in Navigation chapter.

7.8.5 Rate Schedule Sub Tab

The Rate Schedule sub screen is only available for variable rate Lease and displays the rate adjustment frequency information based on product setup.

To view the Rate Schedule sub screen

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Decision > Rate Schedule sub tab. Click View.

A brief description of the fields is given below:

Field:	View this:
Seq	The rate adjustment sequence number.
Adjustment Frequency Type	The rate adjustment frequency type.
Period	The rate adjustment period for the frequency.
# of Adjustments	The number of rate adjustments for the frequency.

7.8.6 Subvention Sub Tab

With the Subvention sub tab, available only for Lease, you can review the subvention information from the application entry and calculate the subvention amount, as well as override the calculated subvention amount. The participant’s information is automatically populated based on the selected subvention plan.

To complete the Subvention sub tab

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Decision > Subvention sub tab.
3. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Plan	Select the subvention plan.
Description	View the subvention plan description.
Sub Plan	Select the sub plan.
Sub Plan Description	View the subvention sub plan description.
Subvention Type	View the subvention type.
Include	Check this box to include this record in calculations on the Other Details sub section

4. Perform any of the Basic Actions mentioned in Navigation chapter.
5. In Subvention Detail section, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below.

Subvention Detail section:
Participant	View the participant.
Participant Type	View the participant type.
Collection Method	View the collection method.
Rate	View the subvention rate.
Rent Factor	View the rent factor
Calculation Method	View the subvention calculation method.
Factor	View the factor.
Calculated Amount	View the calculated subvention amount.
Subvention Amount	Specify the subvention amount.
Include	View if the subvention is included in the application or not.
Total Subvention Rate	View the total subvention rate.
Total Subvention Amt	View the total subvention amount.

6. Perform any of the Basic Actions mentioned in Navigation chapter.
7. Select the Initialize button to reset the subvention amount to zero.
8. Select the Calculate button to calculate the subvention amount.

7.8.7 Compensation Sub Tab

The Compensation (Lease) sub tab records and displays the terms of compensation between the finance company and the dealer for Lease transactions.

To complete the Compensation (Lease) sub screen

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click the Decision > Compensation sub tab.
3. On the Compensation sub screen’s Compensation section, select in the Compensation Plan section the compensation plan you want to use from the drop-down list. Note that, the compensation plan will use decision information to calculate compensation.
4. Click Load.

The system loads the following information on the Compensation sub screen:

Field:	Do this:
Compensation section
Compensation Plan	View the compensation plan.
Calculation Method	View the compensation calculation method.
Disbursement Method	View the compensation payment method.
Spread Formula	View the compensation spread formula.
Buy Rate	Specify the buy rate.
Buy Rent Factor	View the buy rent factor.
Factor	View the compensation factor.
Addl Factor	View the additional compensation factor.
Max Spread	View the maximum spread or percent allowed.
Max Markup	View the maximum markup.
Flat Amt	View the flat amount.
Comp Amt	View the compensation amount.

5. Make any necessary changes in the Approved Buy Rate and Maximum Financed Amount fields in the Decision tab.
6. Click Calculate.

The system displays the details and amounts for this compensation plan.

7.8.8 Multiple Offers sub tab

When you click Select Pricing on the Decision tab’s Pricing section, multiple offers appear on the new Multiple Offers sub page. Use the Multiple Offer sub page to select the offer you want to use.

Note

The Multiple Offers sub tab will be enabled only if the Multioffer company parameter is set to Yes.

To view multiple pricing offers

1. Open the Underwriting screen and load the application you want to work with.
2. Click Decision, then click the Multiple Offers sub tab.
3. If you are underwriting a Lease, view the following information on the Multiple Offers sub:

   Field:	Do this:
   Pricing	View the pricing.
   Term	Specify the approved term.
   Rate	Specify the approved rate.
   Pmt Amt	Specify the approved payment amount.
   Index	View the approved index.
   Index Rate	View the approved index rate.
   Margin Rate	Specify the approved margin.
   Maturity Index	Specify the approved maturity index.
   Maturity Rate	Specify the approved maturity rate.
   Accepted	If selected, indicates that the pricing is accepted. Only one of the current pricings can be accepted.
   Current	If selected, indicates that the pricing is current. Note: All the available pricings are selected as current.

4. On the Multiple Offers sub tab, select the offer once the application is move to Approved status.

7.9 Bureau Tab

The Bureau tab displays the credit report (if pulled) for an applicant. If there is a need for another pull for any applicant, it can be done here manually using the New Request section.

If there are any adverse comments received from the Bureau, system displays them under 'Exceptions/ Comments' section against the specific Bureau record to alert the User. Following are some of the reasons:

1. Application Indicates Potential Fraud
2. Bureau Indicates Social Security Number Variance
3. Duplicate Application Exists
4. Bureau Indicates a Possible Current Delinquency
5. Bureau Indicates Bankruptcy
6. Bureau Indicates Consumer Statement
7. Bureau Indicates a Possible Repossession
8. Bureau Reports OFAC hit
9. Bureau Reports Applicant as Deceased
10. Potential Delinquencies for Auto Loans in Past 12 Months
11. Customer Rate (APR) Exceeds the State Usury Rate
12. Open Consumer Credit Counselling

The reasons will also be displayed in the Summary tab in 'Bureau' details under 'Exceptions /Comments' section.

To verify the credit bureau data using the Bureau tab

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Bureau.

   

3. In the Bureau Details section, view the following information:

   Field:	View:
   Type	The credit bureau request type.
   Bureau	The credit bureau.
   #	The credit bureau request number.
   Status	The status of credit bureau request.
   Dt	The credit bureau request date.
   Report	The credit bureau report type.
   Credit Bureau Reorder#	The credit bureau reorder number.
   App Ind	If selected, indicates that a bureau was pulled for an application.

4. In the Applicant/Customer Detail section, view the following information:

   Field:	Do this:
   Type	View the relation type.
   First Name	Specify the first name.
   MI	Specify the middle name.
   Last Name	Specify the last name.
   Status	View the credit bureau request status.
   Birth Dt	Specify the date of birth.
   SSN	Specify the social security number. Note: If the organizational parameter UIX_HIDE_RESTRICTED_­DATA is set to Y, this appears as a masked number; for example, XXX-XX-1234.
   Suffix	Select the generation.
   Include Debt	Select to include credit bureau information in the Liabilities section of the Summary sub screen.
   Populate Debt	Select to load debt information from the credit bureau in the Liabili­ties section of the Summary sub screen.
   Address Type	Select the address type.
   Country	Select the country.
   Address #	Specify the building number.
   City	Specify the city.
   State	Select the state code.
   Street Pre	Select the street pre type.
   Street Name	Specify the street name.
   Street Type	Select the street type.
   Street Post	Select the street post type.
   Apt #	Specify the apartment number.
   Address Line 2	Specify the address line 2.
   Zip	Select the zip code. For non US country, you have to enter zip code.
   Zip Extn	Specify the zip extension.
   Phone	Specify the phone number.

5. In the Report Header section, view the following information:

   Field:	View:
   Bureau	The bureau.
   First Name	The first name.
   MI	The middle initial.
   Last Name	The last name.
   SSN	The social security number. Note: If the organizational parameter UIX_HIDE_RESTRICTED_­DATA is set to Y, this appears as a masked number; for example, XXX-XX-1234.
   Birth Dt	The birth date.
   Note: The SSN and Birth Dt fields in Report Header section are displayed in red if there is a mismatch in the respective data present in the above Applicant/Customer Details section.
   Report Dt	The report date.
   Onfile Dt	The on file date.
   Credit Report Id	The credit report id.
   Best Match	The best match.

6. Click Bureau Report.

The system parcels out the details from the credit bureau report in the Bureau screen’s sub tabs (Summary 1, Summary 2, Tradelines, Public Records, Collections, Fraud Messages, Inquiries, Also Known As, Consumer Statements, and Credit Scores).

7. Click Summary 1 sub tab.
8. You can view the following information:

   Field:	View:
   Trades	Records of extended installment payments, mortgage and revolving credit, as detailed in the credit bureau report.
   Bankruptcy	The total number of times the applicant has applied for Chapter 7, Chapter 11 and Chapter 13 bankruptcies, recently and throughout life.
   Past Due	The total number of times the applicant has been past due on pay­ments by 30, 60, or 90 days in the last year, two years, and throughout life.
   Public Records	Number of legal actions, including liens, public records, and judgments over the course of the applicant’s life, as well as any that are currently open.
   Collection	Trades referred to an outside vendor for collection.
   Credit Scores	View the FICO and bankruptcy scores.
   Statistical Trade Ages	Ages of the oldest and newest trades, as well as the average age of the open and total trades.
   Derogatory Trades	Tradelines that an action other than being late was reported; this includes collections, repossessions, charge offs, and bankruptcies.

9. Click Summary 2 sub tab
10. You can view the following information:

    In this section:	View:
    Trades	Records of extended credit for auto, bank, credit card, retail, Lease finance, and sales finance Lease, as detailed in the credit bureau report.
    Inquiries	Requests for a credit report regarding Lease in the Trades section over the last six months, as well as total requests over 6, 12, and 24-month periods, as well as the newest and oldest request.
    Balance	The total balance of retail and bank trades, as well as the high balance of each.
    Open Derogatory	The following information for all of the customer’s open trade lines: the shortest and longest period of time (in months) since the customer’s most recent minor derogatory (30-60 days late), major derogatory (90-180 days late), and derogatory (bankruptcy, repossession, or charge off).
    Derogatory	The following information for all of the customer’s total trade lines (open and closed): the shortest and longest period of time (in months) since the customer’s most recent minor derogatory (30-60 days late), major derogatory (90-180 days late), and derogatory (bankruptcy, repossession, or charge off).

11. Click Tradelines sub tab to view information about trade lines, such as the creditor’s name, trade’s status, type and code and balance information
12. View the following details:

    Field:	View:
    Creditors Name	The creditors name.
    Status	The status of the tradeline.
    Type	The type of tradeline, such as bank, first mortgage, travel card, and so on.
    Type Code	The code for the type of tradeline.
    Past Due Amt	The past due amount
    Balance	The balance of the tradeline.
    Balance Dt	The balance date.
    Open Dt	The date the tradeline was opened.
    History Dt	The trade line’s history date.
    History Data	The trade line’s history data.
    30	The number of times the tradeline was 30 days past due.
    60	The number of times the tradeline was 60 days past due.
    90	The number of times the tradeline was 90 days past due.
    Creditors Subscriber #	The creditor’s subscriber number.
    Mop	The method of payment.
    Account #	The account number.
    Credit Limit	The credit limit.
    Term Pmt Amt	The term payment amount.
    High Balance	The high balance of the tradeline.
    Reported Dt	The reported date.
    Duplicate	If selected, the tradeline is a duplicate.
    Special Exclu­sion	If selected, the tradeline is a special exclusion.

13. Click the Public Records sub tab to view information about public records, including each one’s type, status, and amount, as well as the date the record was filed and resolved
14. View the following details:

    Field:	View:
    Record Type	The record type.
    Status	The status.
    Amount	The amount.
    Filed Dt	The filed date.
    Satisfied Dt	The satisfied date.

15. Click the Fraud Messages sub screen to view information about fraudulent attempts to use the applicant’s credit.
16. Click the Inquiries sub screen to view all the credit reports for the applicant in reverse chronological order
17. View the following details:

    Field:	View:
    Inquirer Name	The inquirer’s name.
    Inquirer Subscriber #	The inquirer’s subscriber number.
    Inquirer Industry Code	The inquirer’s industry code.
    Inquiry Dt	The inquiry date.
    Rate Shopping	If selected, the inquiry concerned rate shopping.
    Duplicate	If selected, if the inquiry was a duplicate.

18. Click the Also Known As sub screen to view other names used by the applicant.
19. Click the Consumer Statements sub screen to view statements that the applicant has issued to the credit bureau.
20. Click the Credit Scores sub screen to view the score model, the score factor, and the score returned from the credit bureau report.

7.9.1 Printing the Credit Bureau Data as a Text/PDF Report

To print the credit bureau data as a text or PDF report

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. In the Underwriting screen, click Bureau.
3. In the Bureau Report tab, the system displays the report in text format. You can also view the report in PDF format by selecting ‘PDF’ option as View Report.

Note

Google Chrome does not support search functionality in the PDF format of the report. Hence you have to enable the ad-hoc plug-in in chrome to use the search facility.

4. In the Print Report section, click Print Report to send the information to the default printer.

7.9.2 Requesting a Credit Bureau Report Manually

The Credit Bureau Summary screen enables you to manually request a credit pull. Information from a manual credit pull can be used to validate an application.

To manually request a credit bureau report

1. Open the Underwriting screen and load the underwriting application you want to work with.
2. Click Bureau tab.
3. In the Bureau Details section click Add.
4. Specify the following information:

   Field:	Do this:
   Applicant	Select the applicant.
   Spouse	Select the applicant’s spouse (if applicable).
   Bureau	Select the credit bureau.
   Report	Select the credit bureau report type.

5. Click Create Request.

The system displays this information in the Bureau Details section.

Note

If you are requesting a report from Experian Credit Bureau for Premier Attribute Consumer report, you can do so without impacting the consumer FICO score. To facilitate the same, the ‘Soft Pull’ check box is to be selected in Bureau Details section. This option is available only when the system parameter ‘EXP_PA_SOFT_PULL_IND’ is enabled in the System Parameters screen and Bureau is selected as ‘EXP’ with Report as ‘PREMIER ATTRIB­UTE’ in the Bureau Details section.

6. Select Include Debt and Populate Debt in the Applicant/Customer Detail section to populate the Liability section on the Applicants link’s Summary sub screen with data from the credit bureau pull.
7. If you want to receive a copy of a previously pulled credit bureau report, enter the credit bureau reorder number in the Credit Bureau Reorder # field on the Bureau Details section. This enables you to receive a previously pulled credit report.
8. In the New Request section, click Submit Request.

The system displays the latest status of the currently requested bureau report in the Bureau Details section. When the report pull process is complete, the Status field in the Bureau Details section changes from pending to Completed.

7.10 Collateral Tab

Having selected and loaded an application, you can view the information about the collateral of the Lease.

The Collateral link opens screens with information regarding any collateral associated with an a. Depending on the type of Lease, collateral can be a vehicle, home or something such as major household appliances. The Collateral tab is unavailable if this is an unsecured Lease.

To verify information about the collateral

1. Open the Underwriting screen and load the application you want to verify.
2. Click the Collateral tab.

Depending on the type of collateral, information about the vehicle, home, or other type of collateral appears.

If you are entering an unsecured Lease, the Collateral link is present but inactive; in which case, skip this step.

3. In the Collateral Details section (This is information that was recorded during the application entry process or gathered during the credit pull.)

To enter collateral information

1. On the Underwriting screen, click Collateral. If the collateral is a vehicle, the Collateral link displays information about the vehicle.

   

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

A brief description of the fields is given below:

Field:	Do this:
Existing Asset	Check this box to indicate that the vehicle is an existing asset.
Existing Asset ID	View the existing asset identification number.
Primary	Check this box if this is the main asset on the application.
Asset Class	Select the asset class.
Asset Type	Select the asset type.
Sub Type	Select the asset sub type.
Status	Select the asset status.
Type and Description
Select Make and Model	Select the make and model of the vehicle from drop-down list.
Year	Specify the year of the vehicle.
Age	View the age of the vehicle
Make	Specify the make of the vehicle.
Model	Specify the model of the vehicle.
Body	Specify the body of the vehicle.
Registration #	Specify the vehicle registration number.
Identification #	Specify the vehicle identification number.
Description	View the vehicle description.
Condition	Select the vehicle condition.
Address
Country	Select the country.
Address #	Specify the apartment number.
Address Line 1	Specify the first address line.
Address Line 2	Specify the second address line.
Zip	Select the zip code. For non US country, you have to enter zip code.
Zip Extn	Specify the zip extension.
City	Specify the city.
State	Select the state.
County	Select the county.
Usage Details
Start	Specify the start.
Base	Specify the base.
Extra	Specify the extra usage.
Total	View the total usage.
Charge Amt	Specify the charge amount.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

Interface with VINTEK (If interface is installed)

Using the Vintek interface, the system retrieves the year, make, model and body of the vehicle when you choose Vehicle Details. This time saving feature reduces data entry errors. Using the VIN entered in the Identification Number field, the system populates following fields in the Type & Description section:

• Year
• Make
• Model
• Body

If the Vintek interface is unable to retrieve information based on the VIN entered in the Identification Number field, the system displays an error message.

If the collateral is a home, the Collateral link displays information about the home.

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

A brief description of the fields is given below:

Field:	Do this:
Existing Asset	Indicates that the vehicle is an existing asset.
Existing Asset ID	View the existing asset identification number.
Primary	Select if this is the main asset on the application.
Asset Class	Select the asset class.
Asset Type	Select the asset type.
Sub Type	Select the asset sub type.
Occupancy	Select owner occupancy type.
Identification #	Specify the vehicle identification number.
Address section
Country	Select the country.
Address #	Specify the home number.
Address Line 1	Specify the first address line.
Address Line 2	Specify the second address line.
State	Specify the state.
County	Select the county.
Zip	Select the zip code. For non US country, you have to enter zip code.
Zip Extn	Specify the zip extension.
City	Specify the city.
Type and Description
Census Tract/BNA Code	Specify census tract/BNA (block numbering area) code.
MSA Code	Specify the metropolitan statistical area (MSA) code.
GEO Code	Specify the geographical code for the property.
Condition	Select the condition of the home.
Description	Specify a description of the home.
Select Make and Model	Select the make and model from the drop-down list
Year	Specify the year when the property was built.
Age	View the age of the home.
Make	Specify the make of the home.
Model	Specify the model of the home.
Width	Specify the asset width.
Length	Specify the asset length.
Area	Specify the area of the collateral
PO#	Specify the asset purchase order number.
Legal Description	Specify the legal description.
Lot	Specify the asset lot.
Sub Division	Specify the asset sub division.
Parcel ID	Specify the parcel id of the home.
Metes-Bounds	Check this box to indicate the home is considered Metes-Bounds.
Flood Zone	Check this box to indicate the home is in a flood zone.
1098 Not Required	Check this box to indicate that the home does not require 1098
Deed Details
Construction per­mit Dt	Specify the date on when the construction is permitted.
Deed Dt	Specify the date on when the deed is issued
Deed Place Of Issue	Specify the place where the deed is issued.
Properties Bound­ary from East	Specify the boundary of the property from the east side.
North	Specify the boundary of the property from the north side.
West	Specify the boundary of the property from the west side.
South	Specify the boundary of the property from the south side.

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

If the collateral is any other, the Collateral link displays information about that collateral.

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

A brief description of the fields is given below:

Field:	Do this:
Existing Asset	Check this box to indicate that the vehicle is an existing asset.
Existing Asset ID	View the existing asset identification number.
Primary	Check this box if this is the main asset on the application.
Asset Class	Select the asset class.
Asset Type	Select the asset type.
Sub Type	Select the asset sub type.
Status	Select the asset status.
Select Make and Model	Select the make and model of the vehicle from drop-down list.
Year	Specify the year of the vehicle.
Age	View the age of the vehicle
Make	Specify the make of the vehicle.
Model	Specify the model of the vehicle.
Body	Specify the body of the vehicle.
Registration #	Specify the vehicle registration number.
Identification #	Specify the vehicle identification number.
Description	View the vehicle description.
Condition	Select the vehicle condition.
Address
Country	Select the country.
Address #	Specify the apartment number.
Address Line 1	Specify the first address line.
Address Line 2	Specify the second address line.
State	Select the state.
Zip	Select the zip code. For non US country, you have to enter zip code.
Zip Extn	Specify the zip extension.
City	Specify the city.
County	Select the county.
Usage Details
Start	Specify the start.
Base	Specify the base.
Extra	Specify the extra usage.
Total	View the total usage.
Charge Amt	Specify the charge.

4. Perform any of the Basic Actions mentioned in Navigation chapter.

7.10.1 Valuations Sub Tab

The Valuation sub tab contains information about the value of the asset. The Values section enables you specify the value of the asset. The Addons section records information about any add ons associated with the collateral.

To complete the Valuations sub tab

1. Click the Valuations sub tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Value section
Current	Select if this is the current valuation.
Valuation Dt	Specify the valuation date.
Source	Select the valuation source.
Currency	Select the currency based on which the valuation is to be done.
Edition	Specify the valuation edition.
Supplement	Specify the valuation supplement.
Whole Sale
Lease Cur­rency Whole­sale Base Amt	Specify the Lease currency wholesale value.
Wholesale­Base Amt	Specify the wholesale value.
Usage	Specify the usage value; that is, the monetary effect that the current mileage has on the value of the vehicle.
Retail
Retail Base Amt	Specify the retail value.
Addons Amt (+)	View the add-ons value.
Usage Value Amt (+)	Specify the usage. This pertains to Lease and usually is entered as the current mileage on the vehicle.
Total Value Amt (=)	View the total value.
Lease Cur­rency Retail Base Amt	View the Lease currency retail value.
Lease Cur­rency Addons Amt(+)	View the Lease addons.
Lease Cur­rency Usage Value Amt (+)	View the Lease currency usage value.
Lease Cur­rency Total Value Amt (=)	View the Lease total value.

3. Perform any of the Basic Actions mentioned in Navigation chapter.
4. In the Addons Section, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Description	Select the description for the attribute.
Value	Specify the value of the attribute.
Amount	Specify the add-on amount.
Lease Currency Amount	Specify Lease currency amount.

5. Perform any of the Basic Actions mentioned in Navigation chapter.

Complete the Addons/Attributes, Value, and Amt fields for each of the asset’s add-ons and attributes on the application.

7.10.2 Tracking Sub Tab

The Tracking sub screen enables you to record further information associated with the collateral. What items you choose to track are setup during implementation.

To track attributes for the collateral

1. Click Tracking sub tab
2. On the Tracking sub screen, click Load Details.
3. In the Tracking Items section, select the item you want to track.
4. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Tracking Item	View the tracking type
Disposition	Select the disposition.
Start Dt	Specify the tracking start date.
End Dt	Specify the tracking end date.
Follow up Dt	Specify the next follow-up date.
Enabled	Select to track the information from the start date in the Start Dt field.
Comment	Specify any comments regarding the tracking item.

5. Perform any of the Basic Actions mentioned in Navigation chapter.
6. Complete the Tracking Item Details section by entering information about a parameter in the corresponding the Value field.

7.10.3 Seller Tab

The Collateral link’s Seller Details tab enables you to enter the seller details of the collateral of the Lease.

To enter the Seller details

1. Click the Seller Details tab.
2. Perform any of the Basic Operations mentioned in Navigation chapter.

   

A brief description of the fields is given below:

Field:	Do this
Seller Information section
Seller Type	Select the seller type.
Seller Name	Specify the seller name
Nationality	Select the seller’s nationality.
National ID/Reg #	Specify the national identification number or registration number.
Authorized Signatory	Specify the authorized signatory of the seller.
Seller Address section
Mailing	Select if this is the mailing address. Only one address entry can be marked as the mailing address.
Current	Select if this is a current address. The mailing address must be marked as current.
Country	Select the country code.
Address #	Specify the address number.
Address Line 1	Specify the first address line.
Address Line 2	Specify the second address line.
State	Select the state.
Zip	Select the zip code. For non US country, you have to enter zip code.
Zip Extn	Select the zip extension.
City	Specify the city.
Phone	Specify the telephone number.
Extn	Select the telephone extension.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.11 Comments Tab

When using the Underwriting screen, you can add/delete comments to an application at any time in the underwriting process by using the Comments screen.

Whenever an application is decisioned by a proxy user, a system generated comment with timestamp is inserted in the comments tab in the format ‘<User 1> actioned as proxy for Underwriter <User2>’. Here, User 1 refers to the logged in user who has acted on behalf of User2, who is the concerned Underwriter. The concerned Underwriter’s name will also be selected in Application section > 'Proxy for Underwriter' field.

To add comments

1. Click Comments tab.

   

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

A brief description of the fields is given below:

Field:	Do this:
Alert	Check this box to make the comment appear on the Customer Service screen Alert section
Type	Select the type of comment you are adding.
Sub Type	Select the sub type of comment you are adding.
Comment	Specify your comment.
Comment By	The system displays your user ID.
Comment Dt	The system displays commented date and time stamp.

3. Perform any of the Basic Actions mentioned in Navigation chapter.

7.11.0.1 Deleting Comment(s)

You can delete ‘REGULAR’ type comments displayed in the Comments sub tab.

To delete a comment

1. Select the row which consists of the comment and click Delete from the actions.
2. Click ‘Yes’ to confirm delete in the warning message displayed.

7.12 Tracking Tab

When using the Underwriting screen, you can add tracking attribute information to an application at any time in the underwriting process by using the Tracking Attributes screen.

To enter the tracking attributes

1. Click Tracking tab.

   

2. On the Tracking Attributes screen, click Load Tracking to load the tracking attributes.
3. Select the item you want to track.
4. Click Edit to edit the following information:

   Field	Do this
   Sub-Parameter	View the sub-parameter
   Parameter	View the parameter.
   Value	Specify the information about the corresponding Value field.

5. Save changes you made to the account.

7.12.1 Field Investigation Sub Tab

The Field Investigation link enables lending institutions to perform field investigations and verify an applicant’s contact points (address and employment information, for example) and credentials (such as asset details). Clients can chose the details to be verified (address, employment, asset or any combination of the three), as well as the verifying agency.

With the Underwriting screen’s Field Investigation screen, you can select which details from application entry are to be verified. The verifying agency performs a field investigation of the details and responds to the lending institution with either XML or a text file. The details are entered in the system for an underwriter to review when making a decision.

1. Click Field Investigation sub tab.
2. In Field Investigation section, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field	Do this
Applicant	Select the applicant from the adjoining drop-down list
Verification Type	Select the verification type from the adjoining drop-down list.
Verification Agency	Select the verification agency from the adjoining drop-down list.
Status	Select the status from the adjoining drop-down list.
Spoke to	Specify the name of the person applicant spoke to
Call Dt	Specify the call date
# of Attempts	Specify the number of attempts made.
Result	Select the result from the adjoining drop-down list

3. Perform any of the Basic Actions mentioned in Navigation chapter.
4. In Verification Details section, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field	Do this
Verification Match	Check the box if the verification has matched.
Remarks	Specify remarks, if any

5. Perform any of the Basic Actions mentioned in Navigation chapter.

7.13 Document Tab

The Document tab allows you to view documents attached to the application in the form of GIF files, PDF files, DOC files, XLS files and TXT files and add comments regarding a selected.

For more information, see the chapter Document Management in this User Guide.

To view a document attached

1. Click Document tab.

   

2. In the Application Document section, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below.

Field:	Do this:
Document Type	View the document type.
Comment	Specify any comments regarding the document.

Field:	View this:
Document Sub Type	The document sub type.
Version	The version. (Version numbers will be incremental by batch job, first version will start with 1.0.)
Page #	The page number.
Document File Type	The document file type.
Tracking #	The tracking number of the document.
Docket #	The docket number of the document.
Location	The location of the of the document.
Received Dt	The effective date of the document.
Effective Dt	The effective date of the document.
Expiry Dt	The expiration date of the document.
Comment	Any comments regarding the document.

3. Perform any of the Basic Actions mentioned in Navigation chapter.
4. Click View Document.

The system opens a browser to display the actual document (which browser appears depends on what type of document you selected and what browsers are set up to work in conjunction with your system).

7.13.1 Checklist Sub Tab

The Checklist sub tab enables you to view tasks performed during the underwriting process.

To view the underwriting Checklist screen

1. Click Document > Checklist.
2. If the Checklist section is empty, click Load Checklist in the Checklist section.
3. In the Checklist Actions section, click Regular sub tab.
4. In Checklist Actions section, complete the tasks listed in the Checklist Action column.
5. Use the Yes/No/NA buttons in the Yes No NA column to indicate whether you completed the task or not.
6. Use the Comment field to add remarks regarding any of the tasks, if you choose.
7. When you are finished completing the tasks, choose Complete in the Checklist section.
8. Click Save.
9. In the Checklist Actions section, click the Documents sub tab
10. In the Documents section, select the record you want to work with and click View in the Details column.
11. In the Documents section, view the following information:

    Field:	Do this:
    Action	View the action to be performed.
    Document Type	View the document type.
    Document Sub Type	View the document sub type.
    Status	Select the status of the action.
    Response	Use the Yes/No/NA buttons to indicate whether or not you completed the task.
    Comment	Specify comment.

7.14 Verification Tab

The system can be configured to automatically validate portions of an application when you attempt to change its status. The results of this data check appear on the Verification link’s Edit screen as an Error, a Warning, or an Override.

If it is an Error, the system will not allow you change the application’s status and approve the Lease until you fix all the errors.

If it is a Warning, the system enables you to change an application’s status without correcting the matter. While you should still investigate the problem, Warning messages are of a lesser importance than Error messages.

If it is an Override, the system displays a dialog box informing you that an override is needed; your responsibility level does not have the authority required to process this step. (Choose Yes on the dialog box to move the application to the queue of the user with the required authority.)

The system can be configured to verify different sets of information; for example, the system could check one set of data when checking application entries for completeness and another when approving auto Lease. Each one of these ‘edit types’ has its own set of ‘edit details’.

Note

The Edit Details section’s errors and warnings are created during the setup process.

7.14.1 Edit Sub Tab

To complete the Edits section

1. Open the Underwriting screen and load the application you want to work with.
2. Click Verification > Edits.

   

3. In the Edits screen’s Edit Type section, select the type of edit you want to verify.
4. Click Check Edits.

The system checks the data for the verification process selected in the Edit Type section and displays the results in the Edit Details section.

The Edit Details section contains the following display only information:

Field:	View this:
Edit Name	The edit.
Result	The result.
Expected Value	The expected value.
Actual Value	The actual value.
Override Responsibility	The override responsibility, if an override is required.

5. In the Edit Details section, view the verification results and begin making corrections on the Underwriting screen. Remember, edits resulting in Error must be corrected. Edits resulting in warning can be by passed.

The system begins processing the credit application.

7.14.2 Audits Sub Tab

The Audits screen is a display only screen that enables you track changes to the contents of predetermined fields (which fields are determined during set up). For example, the Audits screen can be configured to monitor when the contents of the Status and Sub Status is changed. The Audits screen lists the field that was changed, who made the change, when the change was made, and the old and new values in the field.

To view the Audits

1. Open the Underwriting screen and load the application you want to work with.
2. Click Verification > Audits.
3. In the Audit Details section, view the following display only information:

   Field:	View:
   Record Id	The record identifier for the record changed.
   Field	The field which was changed.
   Old Value	The old value of the column which was changed.
   New Value	The new value of the column which was changed.
   Changed By	The user code who made the change.
   Changed Date	The date and time when the change was made.

7.14.3 History Sub Tab

You can track the time it took a user to complete each stage of the application process with the History section. It displays:

• The date and time when an application changed status / sub status
• The user who changed the status / sub status
• The elapsed time of how long an application was in a particular status / sub status.

1. To view the History Open the Underwriting screen and load the application you want to work with.
2. Click Verification > HistoryIn the Application Status History section, view the following display only information:

   Field:	View this:
   Status	The application status.
   Sub Status	The application sub status.
   User	The user name.
   Start Dt	The date and time when the application moved to that status.
   End Dt	The date and time when the application moved from that sta­tus.
   Elapsed Time	The elapsed time between the status change.

7.15 Correspondence Tab

Ad-hoc correspondence enables you to include information from applications in document templates you create yourself without manually transferring the data. Ad-hoc documents can be generated as either Microsoft Word or PDF files.

Ad-hoc correspondence can be viewed on the Correspondence link’s Correspondence screen when you have opened an account. The screen enables you to generate a new letter or view a previously generated letter.

7.15.1 Correspondence Sub Tab

To generate an ad hoc correspondence

1. Open the Underwriting screen and load the application you want to work with.
2. Click Correspondence > Correspondence.

   

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

A brief description of the fields is given below:

Field:	Do this:
Correspondence	Select the correspondence you want to generated.
ID	System displays the correspondence ID.
Date	System displays the correspondence generation date.

4. Perform any of the Basic Actions mentioned in Navigation chapter.

The Documents section displays all the types of documents available for the type of correspondence you selected.

5. In the Documents section, view the following information for each document:

   Field:	View this:
   Document ID	The document ID.
   Document	The document description.
   Recipient	The recipient description.
   E-Form Source	The e-form source.
   Source Type	The source type.
   Selected	If selected, indicates that this document is selected to be included in the correspondence.
   Generated	If selected, indicates that the system generated the document.

6. In the Documents section, select the correspondence you want to view.
7. The Document Elements section displays the elements the system used to generate the correspondence. You view the following information:

   Field:	Do this:
   Element Type	View the element type.
   Element	View the element description.
   Content	Specify/view the value of the element.

• Click All to view all elements in the correspondence.

- or -

• Click User Defined, to view user-defined elements in the correspondence.

8. In the Document Elements section, click User Defined and complete the Content fields for the Document Element fields you want to include in the correspondence.
9. In the Document Elements section, click Save.
10. In the Documents section, click Generate.

The system ‘locks’ the information included in the correspondence and prevents it from being changed.

11. In the Document Elements section, click View.

The system displays a PDF of the ad hoc correspondence.

7.15.1.1 Recipient Details Sub Tab

The recipient details sub tab facilitates you to send ad-hoc correspondence to Applicants, Customers, Producers, and Others as either Fax or Email.

To add recipient details

1. Open the Underwriting screen and load the application you want to work with.
2. Click Correspondence > Recipient Details.
3. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:	Do this:
Recipient	Select the recipient from the drop-down list. The list displays the following options: - Applicant - Customer - Producer - Others Note: Based on the type of recipient selected the other corre­spondence options are displayed for selection.
Mode	Select the mode of correspondence from the drop-down list. The list displays the following options: - Fax - Email Note: When the recipient is selected as ‘Applicant’, the Mode is defaulted to Email.
Type	Based on the recipient selected, the following type of correspond­ence is listed for selection: - When the recipient is selected as Applicant, you can select the ‘Applicant Type’ from the drop-down list and ‘Type’ as either EMAIL/ADHOC. The ‘Mode’ is defaulted as ‘Email’. - When the recipient is selected as Customer / Producer, you can select the ‘Mode’ as either FAX/EMAIL and ‘Type’ as FAX/ADHOC or EMAIL/ADHOC respectively. - When the recipient is selected as Others, you can select the ‘Mode’ as either FAX/EMAIL and ‘Type’ as ADHOC only.
FAX/Email	Specify the FAX/Email details for correspondence.
Comments	Specify additional information as comments.

4. In the Recipient Details section, click Save.
5. Click Send to FAX/Email the correspondence details to the specified recipients.

System validates the correspondence details and generates a PDF document through BI Publisher with the Correspondence details. The same is emailed to the specified recipient as an attachment and a system generated comment is updated in ‘Comments’ Tab. The correspondence consists of following header details::

Alert	Type & Subtype	Comment	Comment By	Comment Date
N	System Generated	<Type> <Correspondence type> sent to <Recipient Type> through < Mode> to <'Email' id>	Logged in user	Current System date with time stamp

7.15.2 Letters Sub Tab

The Letters link enables you to generate letters using predefined letter templates for Lease.

Letters can be sent in hard copy or Email / Fax. Among the two options provided for each of these options, you can select the required mode for sending letters.

• When 'Letters' option is selected the correspondences generated are displayed in a table below with a button 'View Letter'.
• When 'Fax' radio button is selected, the correspondence table displays all correspondence including those in Fax or email formats in the table below.

In addition to the above, a section for recording 'Recipient details' opens below. On clicking 'Add' you can specify recipient details, Mode, Type, provide comments and Save the same.

Comments captured will be appended to Fax / Email sent to recipient. You will then need to click on the 'Send' in the action block for email / fax to be sent from OFSLL. In case the correspondence generation is dependent on any job run, then on click of 'Send' system displays an error message "Fax / Letter not generated. Please try sending later”; else event successful message is displayed.

On the Underwriting screen, these predefined correspondences are as follows:

• Decision Letter
• Adverse Action Letter
• Adverse Conditional Letter

To generate letters on the Underwriting screen

1. Open the Underwriting screen and load the application you want to work with.
2. Click Correspondence > Letters.
3. In the Letters screen, select the type of letter you want to generate, and click View Letter.

UNDERWRITING:

• If you select Decision Fax, and click View Letter, the system displays the decision letter.

The predefined Decision letter is automatically sent after an application receives a status of approved, rejected, or conditioned on the Underwriting screen.

The Decision fax/e-mail is available for Lease (fixed and variable rate).

• If you click Adverse Action, and click View Letter, the system displays the adverse action letter.

The predefined Lease Adverse Action letter is automatically sent to the producer after a configurable number of days when an application receives a status of rejected on the Underwriting screen.

The Adverse Action letter is available for Lease (fixed and variable rate).

• If you click Conditional Adverse Action, and click View Letter, the system displays the adverse conditional letter.

The predefined Conditional Adverse Action letter is automatically sent to the producer a configurable number of days after an application receives a status of conditioned on the Underwriting screen.

The Conditional Adverse Action letter is available for Lease (fixed and variable rate).

4. In the Recipient Details section, you can send the ad-hoc correspondence. You can specify the following details:

   Field:	Do this:
   Recipient	Select the recipient from the drop-down list. The list displays the following options: - Applicant - Customer - Producer - Others Note: Based on the type of recipient selected the other corre­spondence options are displayed for selection.
   Mode	Select the mode of correspondence from the drop-down list. The list displays the following options: - Fax - Email Note: When the recipient is selected as ‘Applicant’, the Mode is defaulted to Email.
   Type	Based on the recipient selected, the following type of correspond­ence is listed for selection: - When the recipient is selected as Applicant, you can select the ‘Applicant Type’ from the drop-down list and ‘Type’ as either EMAIL/ADHOC. The ‘Mode’ is defaulted as ‘Email’. - When the recipient is selected as Customer / Producer, you can select the ‘Mode’ as either FAX/EMAIL and ‘Type’ as FAX/ADHOC or EMAIL/ADHOC respectively. - When the recipient is selected as Others, you can select the ‘Mode’ as either FAX/EMAIL and ‘Type’ as ADHOC only.
   FAX/Email	Specify the FAX/Email details for correspondence.
   Comments	Specify additional information as comments.

5. In the Recipient Details section, click Save.
6. Click Send to FAX/Email the correspondence details to the specified recipients.

System validates the correspondence details and generates a PDF document through BI Publisher with the Correspondence details. The same is emailed to the specified recipient as an attachment and a system generated comment is updated in ‘Comments’ Tab. The correspondence consists of following header details:

Alert	Type & Subtype	Comment	Comment By	Comment Date
N	System Generated	<Type> <Correspondence type> sent to <Recipient Type> through < Mode> to <'Email' id>	Logged in user	Current System date with time stamp

7.16 Tools Tab

The Tools tab calculates the payment amount, term, interest rate, Lease amount, amortization schedule and allows for the printing of a report.

For detailed information on using the tools, refer “Tools” chapter in the document.