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Forum Newbie
Group: Forum Members
Last Login: 11/25/2008 11:59:55 AM
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| | We are just setting up Calyx and I am trying to figure out a way to have FNMA loan level price adjustments calculate? Would a template be a way or is there an easier way? |
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Supreme Being
Group: Moderators
Last Login: 12/21/2008 11:16:31 PM
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| Forgive my ingorance - what are FNMA loan level price adjustments?
Bryan
Point Product Manager |
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Forum Newbie
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Last Login: 11/25/2008 11:59:55 AM
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| | An e.g. would be on a cash-out refinance transaction with an LTV between 70.01-80.00 then .50% would be the loan level price adjustment. (entered as a half point in the gfe) Or cash-out refinance transaction with an LTV between 80.01-90.00 then .75% would be the loan level price adjustment. |
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Supreme Being
Group: Moderators
Last Login: 12/21/2008 11:16:31 PM
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| If you setup a loan program template in Point, you can enter max LTV/CLTV and points. I don't know if that answers your question. Let me know.
Bryan
Point Product Manager |
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Forum Newbie
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Last Login: 11/25/2008 11:59:55 AM
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| | So, you are suggesting a different loan program for each price adjustment? e.g. 30FRM O/O CO REFI 70.01-80.00 30FRM O/O CO REFI 80.01-90.00 30FRM INV CO REFI 70.01-80.00 |
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Supreme Being
Group: Moderators
Last Login: 12/21/2008 11:16:31 PM
Posts: 837, Visits: 1,901 |
| Yes. Let me know if that would work for you.
Bryan
Point Product Manager |
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Forum Newbie
Group: Forum Members
Last Login: 11/25/2008 11:59:55 AM
Posts: 8, Visits: 29 |
| | Is there any way to add some macros somewhere to do this? |
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Supreme Being
Group: Moderators
Last Login: 12/21/2008 11:16:31 PM
Posts: 837, Visits: 1,901 |
| Nope, not at this time. The loan program characteristics are treated as separate loan programs in Point, i.e. rate, points, ltv/cltv, ratios, etc.
Bryan
Point Product Manager |
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