To display the Investment Information screen and enter this information, click Forms, Borrower Information, then click the Investment button located at the bottom of the screen. For investment loans, complete the Gross Rent and Occupancy Rate fields located on the Investment Information screen. For a typical rate/term refinance, be sure to mark the No Cash-Out Refi check box under the Purpose of Loan category and select Limited Cash Out Rate/Term from the Purpose of Refinance list. Also note that Buydown or ARM loan information should also be completed on the Fannie Mae Addendum screen.) 5. (You will also need to mark the Balloon check box on the Fannie Mae Addendum screen. For a 30/15 balloon loan, enter the Term as 360 and the Due In as 180. Note: For balloon loans, select the Fixed Rate amortization type. In the menu bar, click Interfaces, select Fannie Mae, then Loan App Pg Enter the type of mortgage and terms of loan. DO Quick Steps: Submitting a loan through Calyx Point Version 5.3 ģ 3. Enter your DO user ID and password, leave the Institution ID field blank, and click OK. You can then either fix the problem or continue and submit the loan to DO. Important: If you do not select this option, the system will prompt you if some of the fields required for underwriting are not complete. If you select Do not check for underwriting errors, the system will not check some of the fields required for underwriting when sending the loan to Fannie Mae. If you select this option, any changes you make in DO/DU will always be automatically downloaded and will overwrite the data in Calyx Point.
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Important: If you do not select this option, you can choose not to download changes when you return to Calyx Point. Any findings associated with the loan will also be automatically downloaded. If you select Always exit DO/DU without confirmation prompts, you will not receive a warning message each time you exit DO and return to Calyx Point, and the system will automatically download any changes made to the 1003 back to Calyx Point when you exit DO/DU. Choose the settings that work best with your workflow: If you select Skip DO/DU introduction page, when you click the Desktop Originator tab, you go directly to DO and bypass the DO with Calyx Point resources web page. Make sure Desktop Originator is selected under Connect to. The Fannie Mae Connectivity screen appears. DO Quick Steps: Submitting a loan through Calyx Point Version 5.3 Ģ 2. If you have already set up your system, go to Step 3. The settings remain the same until you change them. Note: You only have to perform this setup procedure once.
Click Utilities, then click Fannie Mae Connectivity. To access DO through Calyx Point, you must first indicate that you want to connect to DO. It is not intended to walk you through the 1003 section by section, but rather to explain the overall process of creating and submitting a loan.
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To get a closer look at a screen, click This document shows you how to work with a loan in Calyx Point Version 5.3 and submit it to a sponsoring lender in Desktop Originator (DO ) for an underwriting recommendation from Desktop Underwriter (DU ). 1 Submitting a loan through Calyx Point Tip: To print this document, click (Zoom In) in the toolbar.