7.7 Request Tab

This topic provides information on the request tab.

In the Request tab user can define the required Loan parameters and calculate Payment, Interest Rate, Term and Loan Amount using the quick calculator. 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 Origination, click Origination. Under Origination, click Underwriting.
  2. Under Underwriting, click Request.

    The Request displays.

    Figure 7-5 Request - Loan


    Description of Figure 7-5 follows
    Description of "Figure 7-5 Request - Loan"

  3. Perform any of the Basic Operations mentioned in Preface.

    A brief description of the fields are given below:

    Table 7-24 Request

    Field Description
    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.
  4. Perform any of the Basic Actions mentioned in Preface.
  5. In the Requested section, there is a drop-down list adjacent to the Calculate button with following options to auto calculate different Loan parameters based on the data provided. Select the record user want to work with and from the drop-down option, select the option user want system to calculate:
    • CALCULATE PAYMENT
    • CALCULATE INTEREST RATE
    • CALCULATE TERM
    • CALCULATE LOAN AMOUNT
  6. Click Calculate. The system displays the requested calculation in the respective field.
  • Itemization Sub Tab
    This topic provides information on the itemization tab.
  • Trade-In Sub Tab
    This topic provides information on the trade-in section. It enables users to capture, view, and manage trade-in details.
  • Subvention Sub Tab
    This topic provides information on the subvention section. It enables users to view and manage subvention details.

Parent topic: Underwriting