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Track General: Closed vs. FundedExpand / Collapse
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Posted 9/29/2007 10:20:30 AM
Junior Member

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Last Login: 10/21/2008 11:19:13 AM
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How are you using the Funded, Recorded, Closed fields?  Typically we think of closed as the date it signed and and funded the date the loan proceeds were disbursed (i.e. for a refi - closed date 3 days prior to th funded date given the recission period).  But given the order of Funded before Closed - it appears that Point considers this to be a later stage. 

J.Mohr
Hunter Financial Group, LLC
Post #5947
Posted 9/30/2007 10:25:52 PM


Supreme Being

Supreme Being

Group: Moderators
Last Login: 12/21/2008 11:16:31 PM
Posts: 837, Visits: 1,901
Agreed. It should go Closed, Funded then Recorded. I'll pass it on to the Point team.

Bryan
Point Product Manager
Post #5956
Posted 11/15/2007 12:37:43 PM
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Last Login: 10/21/2008 11:19:13 AM
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Thanks - how are other brokers out there using these fields?

J.Mohr
Hunter Financial Group, LLC
Post #6200
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