7.5.4.2 Liabilities Sub Tab

This topic provides information on the liabilities. It enables users to view and manage liability details such as outstanding amounts, obligations, and repayment schedules within the request.

All the liabilities of the applicant that are entered during application entry are displayed in this tab. For example: Rent. In addition, if user 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. On the Origination, click Origination. Under Origination, click Underwriting. Under Underwriting, click Underwriting tab.
2. Under Underwriting tab, click Applicant. Under Applicant, click Applicant. Under Applicant, click Summary. Under Summary, click Liabilities.
3. Perform any of the Basic Operations mentioned in Preface.
   A brief description of the fields is given below:

   Table 7-9 Liabilities

   Field	Description
   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.
   Loan Currency Amount	Displays the Loan currency amount.
   Frequency	Select the frequency from the adjoining drop-down list.
   Account Type	Specify the account type.
   Account Balance	Specify the account balance.
   Loan Account Balance	Displays the Loan currency amount.
   Comment	Specify a comment, if any.
   Credit Bureau Data	Displays the credit bureau data section.
   Bureau	Displays the name of credit Bureau.
   Open Dt	Displays the opening date of credit account.
   Pmt Manner	Displays the mode of payment.
   Account #	Displays the account number.
   Status	Displays the current status of credit account.
   Account Type	Displays the type of account maintained.
   Creditor's Name	Displays the name of the Creditor.
   Subscriber #	Displays the Subscriber number.
   ECOA	Displays the ECOA (Equal Credit Opportunity Act) code.
   Term	Displays the term of credit.
   Credit Limit	Displays the total credit limit amount.
   High Balance	Displays the high balance amount if any.
   Past Due Amt	Displays the total past due amount if any.
   30	Displays the number of delinquency days.
   60	Displays the number of delinquency days.
   90	Displays the number of delinquency days.

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