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9117 Creating HELOC Loan

  1. In file go to Production > Product & Pricing
  2. Select Program button at bottom and select HELOC Program Template.

      3.  Enter HELOC loan data.
      4.  Click Save.

 

Note: If your HELOC has an Interest Only time frame then the Monthly P&I and the Initial Rat/P&I will not match. The Initial Rat/P&I is the interest only payment.

  1. Go to Production >HELOC.
  2. Enter loan program details.
  3. Click Save.

Note: If your loan has any other Mortgages or HELOCs needing to count into the CLTV. Make sure to enter them onto Production >Transactions under Other Financing.