7.14.1 Field Investigation Sub Tab

This topic provides information on the field investigation, which records inspection results, observations, and supporting data from on-site reviews.

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, user 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. On the Origination, click Origination. Under Origination, click Underwriting. Under Underwriting, click Underwriting tab.
2. Under Underwriting tab, click Tracking. Under Tracking, click Field Investigation.
3. In Field Investigation section, perform any of the Basic Operations mentioned in Preface.
   A brief description of the fields is given below:

   Table 7-59 Field Investigation

   Field	Description
   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

4. Perform any of the Basic Actions mentioned in Preface.
5. In Verification Details section, perform any of the Basic Operations mentioned in Preface.
   A brief description of the fields is given below:

   Table 7-60 Verification Details

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

6. Perform any of the Basic Actions mentioned in Preface.