Loan Application - Financial Summary

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UHLCINFO-09

Summary

2195a

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Access this screen by selecting the Summary button on the loan application screens.

Visit Show Me the Steps for easy instructions on how to use CU*BASE to complete tasks related to loan applications and opening a new loan.

For loan applications, this screen shows a financial summary using all of the data gathered on the previous application screens. In addition, the system calculates ratios and scores them using your credit union's configured scoring system. There are a series of buttons along the bottom of the screen to allow you to view a summary that includes or excludes this new loan, and to view individual or combined summaries for the applicant and co-applicant.

NOTE: Gross income data is shown on this screen.

There is also a similar screen used to view a summary for an individual in a household.

This screen summarizes member assets, debts, income and expenses. It also allows you to see the Risk Score and Paper Grade from the credit report, calculated income and expense ratios, and loan-to-value ratio calculated using all collateral records tied to the applicant. Press Enter to advance to the Print Loan Application Forms screen.

Ratio calculations are configured using the Base Ratio Analysis Config. command on the CU*BASE Loan Products menu (MNCNFB), or using the F6-Ratio feature from within Loan Category Configuration.

When done viewing these figures, press Enter to move to the Print screen or use F10-Save/Done to exit the application and return to the Loan Recap screen.

Field Descriptions

Field Name	Description
Borrower Name(s) This section shows the name of the household member.
Assets/Net Worth
Total assets	A total of all the Market Value amounts entered on the Assets screen. NOTE: If this loan has collateral attached to it, this amount will also include the Estimated Value from all collateral records attached to this loan. Click the Sum w/o New Ln button to exclude these amounts from the calculations. This total also includes any savings and checking account balances (both credit union and other depository) as shown on the Income screen.
Total debts	A total of all the Present Balance amounts entered on the Debts screen, plus all of the Present Balance and Balance amounts entered on the Debts screen. NOTE: This total will also include the Amount Requested for this loan request. Click the Sum w/o New Ln button to exclude this amount from the calculations.
Net worth	Total Assets minus Total Debts.
Total credit limit	A total of the Original Balance/Credit Limit amounts from the Debts screen where the LOC flag is checked, plus all of the Credit Limit amounts entered on the Debts screen.
Outstanding credit	A total of the Present Balance amounts entered on the Debts screen where the LOC flag is checked, plus all of the Present Balance amounts entered on the Debts screen.
Available credit	Total credit limit minus Outstanding credit.
Secured debt	A total of Present Balance amounts entered on the Debts screen where the Sec flag is checked. NOTE: If this loan has collateral attached to it, this amount will also include the Amount Requested for this loan request. Click the Sum w/o New Ln button to exclude this amount from the calculations.
Unsecured debt	A total of Present Balance amounts entered on the Debts screen where the Sec flag is unchecked. NOTE: If this loan does NOT have collateral attached to it, this amount will also include the Amount Requested for this loan request. Click the Sum w/o New Ln button to exclude this amount from the calculations.
Total debt	Secured debt plus Unsecured debt.
Income/Expenses This section calculates a total of the income amounts entered on the Income screen and compares expense amounts as entered on the Debts screen. Amounts are expressed first in annual terms, and then are calculated as Quarterly, Monthly and Weekly.
Total Income Net or Gross	This shows total income, including regular employment income as well as other income #1 and #2 from the Income screen. The text represents how the income amounts are stated, either net or gross, depending on the selection made on the Income screen. NOTE: If the applicant and co-applicant use a different “Net/Gross” designation, the text will represent the applicant's designation in the combined view.
Mortgage expense	A total of the Payment amounts of real estate debts entered on the Debts screen.
Secured expense	A total of the Payment amounts entered on the Debts screen where the Secured flag is checked. NOTE: If this loan has collateral attached to it, this amount will also include the Payment amount for this loan request. Click the Sum w/o New Ln button (or F14) to exclude this amount from the calculations.
Unsecured expense	A total of the Payment amounts entered on the Debts screen where the Secured flag is unchecked. NOTE: If this loan does NOT have collateral attached to it, this amount will also include the Payment amount for this loan request. Click the Sum w/o New Ln button (or F14) to exclude this amount from the calculations.
Total Expense	A total of the Mortgage exp, Secured exp and Unsecured exp amounts.
Expense/Income Ratios The calculations for the Class A, B, and C rating columns are determined by your credit union’s ratio configurations. (A rating of “A” represents the lowest risk; “C” represents the highest risk.) These are configured using the Base Ratio Analysis Config. command on the CU*BASE Loan Products menu (MNCNFB), or using the F6-Ratio feature from within Loan Category Configuration.
Total Expense/ Total Income	Total Expense divided by Total Income (maximum is 999.99%).
Unsecured debt/ Total income	Unsecured Debt divided by Total Income (maximum is 999.99%).
Mortgage expense/ Total income	Mortgage Expense divided by Total Income (maximum is 999.99%).
Total debts/ Total income	Total Debt divided by Total Income (maximum is 999.99%).
Total credit limit/ Tot income	Total Credit Limit divided by Total Income (maximum is 999.99%).
Loan to value	This ratio is calculated using the loan amount and the estimated value from all of the collateral records (if any) attached to this loan application. (Loan amount / total estimated value) * 100 = LTV% HINT: This will also print on the standard Loan Officer Worksheet.
Score/Grade
Credit Score	The credit risk score for this individual.
Grade	The credit risk “paper grade” (also referred to as “CU Risk Level”) for this individual.
Date	The date on which the score and grade were last updated.

Command Keys

Field Name	Description
F3-Save/Backup	Use this to return to the previous screen. Changes made to this screen will be saved.
F5-UW Comm	Use this to view or edit Underwriting Comments for this member.
F7-Cancel	Use this to exit and return to the Loan Recap or Household Members screen. BE CAREFUL: Changes made to the current screen WILL NOT be saved. (Changes made on previous screens will already have been saved and are not affected.)
F10-Save/Done	Use this to exit and return to the Loan Recap or Household Members screen. Any changes made to this screen will be saved.
Without New Loan	Use this to remove this loan from the asset and debt figures, to show the member’s ratings and scores without the loan. Click the button again (it will read Sum With New Ln) to include this loan in the total figures.
Applicant Only	Use this to see statistics for the applicant only.
View Combines	Use this to see statistics for both the applicant and co-applicant combined.
Co-Applicant Only	Use this to see figures for the co#applicant only.

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