Transcript Document

SCENARIO PRICER & LOCK SCREENS
The next few screens will outline how to utilize our Pricing Engine and
lock the files.
Scenario Pricer
To locate the Scenario Pricing Engine, open Forms & Docs and midway down the menu click on Scenario
Pricer. All sections in RED must have information entered to price correctly.
Scenario Pricer - Continued
Originator Compensation must be
entered. Choose one of the following
options:
Lender Paid
Borrower Paid
Origination fee:
Must be completed to reflect the amount
being charged for either LPC or BPC as
chosen above
The lock information does not carry over
to the GFE at this time. If using our
system to prepare Initial Docs, please note
you will still have to complete the GFE in
full.
On Correspondent Loans, it is not
necessary to choose compensation type.
Scenario Pricer - Continued
Make sure to complete the Credit Information section for
accurate pricing!
In the same section you will be able to tell us to
waive the underwriting/commitment fee. Under
credit grade choose UW WAIVER.
Pricing Options
Once the form is completed appropriately, click on PRODUCT
SELECTION at the bottom of the screen.
Your pricing options will be shown and
you may choose which rate/pricing is
best for your loan. All adjustments will
show at the bottom.
You may choose any of the options
from the buttons below the pricing.
Please note that you will not be able to
choose a rate until you choose the lock
button at the bottom.
Lock Screen
Located two spots down from the Scenario Pricer, this screen is used
for when the LO is ready to complete the lock and does not need to
price out the loan.
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Screens are similar to Scenario Pricer
All information must be entered to accurately price the loan.
Any information needed but not entered will result in pricing
not being shown.
To waive UW fee, use drop down under Credit Information –
Credit Grade
Confirmation will be sent
via email