7.8.2.3 Loading Stipulations

This topic provides information on the loading stipulations feature. It enables users to retrieve and apply predefined stipulations from the system into the request, ensuring consistency and reducing manual entry.

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. User can review and update the stipulations accordingly.

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

To load predefined stipulations

1. On the Origination, click Origination. Under Origination, click Underwriting.
2. Under Underwriting, click Decision. Under Decision, click 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 user verified the stipulations in the Type field.
5. Click Save on the Stipulations sub screen.