It appears that the total balance of liabilities disappear after the results have been “sent to your system” from LP. This in turn causes the net worth to equal the total assets. We have discovered that if you simply reenter one of the liability balances on page 3, the total returns and the net worth is recalculated, but it would be nice to see a fix for this.
It seems that there still exist the same numerous issues with this process. I haven't spent the time to analyze what the heck is going on yet, it will take a good hour to do so but here is what I can tell you at this point.
1. In pont DTI back ratio 46% (which is correct)when submitted to LP it came through at 62%- double counting mortgage on current home. I had matched up all the liabilities etc. Keeping current home -buying new primary residence. Seems I had this same problem before and think there is some screwy non intuitive work around.
2. Sent LP back to Point- MY DTI now reads 37%. I start looking at the liabilities and it seems that for revolving debt the (R) in the months left column is now gone and Point won't pick up payment amount in DTI. I have to manually go through all revolving debt and add the (R) back by reinputing the "R" in the R/L(I)M box, this then changes the monthly payment amount to what point thinks it should be, so now its back to the credit report to reinput the monthly payment amount also- a real PITA. Same exact problem as 5.1.
All liabilities were properly coded to start with. I don't understand why if you have a pulldown box that defines the debt in this case "revolving debt" you also need the little box R/L(I)M and then also need the months left box also coded as (R). This is triplication of input all for the same thing!
3. Also noticed LP is still changing Assets and liabilities description section by adding a "," 2 lines under every entry. Minor issue but not corrected.
Point and LP are still way out of sync with the data field mappings- Point starts with one set of data- Lp recieves it a different way and has another set of data- and when sent back to Point we have yet a third set of data!!!