Key Metrics
How to use Key Metrics inside Deal Details.
11 articles
- Setting Up UFMIP Paid in Cash for FHA LoansPay the FHA Upfront Mortgage Insurance Premium in cash instead of financing it into the loan, giving your borrowers more flexibility when structuring their loan.
- Updating Appraisal FeesAdjust appraisal costs per loan directly in Key Metrics to reflect accurate fees for different loan types and payment scenarios.
- Changing Loan ProgramsQuickly switch between loan types (Conventional, FHA, VA) within a single deal to create comparison scenarios for your clients.
- Adjusting for a Low AppraisalWhen an appraisal comes in below the sales price, Deal Details lets you recalculate LTV and down payment based on the appraised value so your client sees accurate numbers.
- Updating PMI When Changing Down PaymentKeep your PMI calculations accurate when adjusting loan-to-value ratios by responding to the system's red indicator alerts.
- Locking the Down PaymentKeep your client's down payment fixed while they explore different home prices, giving them accurate payment comparisons without recalculating their cash contribution.
- Configuring Lender Credits in Deal DetailsSet up lender credits as either fixed dollar amounts or percentages to match your builder relationships and partnership agreements.
- Establishing Escrow AccountsConfigure how escrow reserves for property taxes and homeowners insurance are calculated in your loan quotes, ensuring accurate cash-to-close figures for your clients.
- Using Payment, Escrow, and Prorations PreviewsSee real-time payment calculations as you build scenarios, so you can adjust loan terms before finalizing and presenting to clients.
- Using the Short Pay OptionSave your borrowers money on closing costs by applying a per diem interest credit when their closing date falls early in the month.
- Managing Escrow Accounts with the Tax Bill ToggleAccurately calculate closing costs and escrow funding by toggling the tax bill status based on whether the property tax bill has been released at the time of closing.