7.8.2 Stipulations Sub Tab

This topic provides information on the stipulations sub tab.

The Stipulations sub screen allows to add any stipulations or reasons for adverse action user want to attach to the application. Stipulations are items that need to be addressed before the Loan 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, user 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. On the Origination, click Origination. Under Origination, click Underwriting.
2. Under Underwriting, click Decision. Under Decision, click Stipulations.
3. Perform any of the Basic Operations mentioned in Preface.
   A brief description of the fields is given below.

   Table 7-31 Stipulations

   Field	Description
   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. Users 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 user 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 Preface.

If user system is set up to manually load predefined stipulations, click the Load Stipulations button (For more information, refer the following section, Loading Stipulations).

• Add Multiple
  This topic provides information on the add multiple feature. It enables users to add and manage multiple records or entries at once within the request.
• Copying Stipulations
  This topic provides information on the copying stipulations feature.
• 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.