PreQual CalcuLetter Setup
1. PreQual CalcuLetter Admin Page
To reach the Admin page of your PreQual CalcuLetter, follow these steps:
- Log in to your Originator Network (back office) account.
- Select Manage Website.
- Select PreQual CalcuLetter.
You can use your Admin page to:
- Activate amortization periods and default interest rates seen by users.
- Control the minimum down payment and closing costs.
- Set the property tax and insurance factors contributing to the monthly payment.
- Adjust the front and back ratios for different LTV's.
- Author your own prequalification letter.
- Much more!
These instruction refer to the image below.
- Interest rate. Enter the default interest rates for the various amortization periods seen by consumers.
- Enable Term. Control the amortization periods appearing in your CalcuLetter. Thirty year amortization always appears.
- Closing costs, tax and insurance, minimum down:
- Closing Cost Point. A number greater than zero will reduce the cash available for a down payment and lower the Maximum Affordable Home Value (MAHV). Enter zero to return the highest MAHV.
- Property Tax Rate. Enter the property tax rate for your territory. This factor references the MAHV.
- Insurance Rate. Enter the property insurance rate. This factor references the loan amount.
- Minimum Down. A number greater than zero will lower the MAHV. Enter zero to return the highest MAHV.
- FDR—Front Debt Ratio. These factors will restrict the MAHV. Increase the factors to return a higher MAHV.
- BDR—Back Debt Ratio. These factors will restrict the MAHV. Increase the factors to return a higher MAHV.
- Email To. The CalcuLetter is also a lead capturing tool. When a consumer submits their contact information prior to printing the prequalification letter, you receive their information. It will be sent to the email address you have entered.
- Email Cc. Enter a Cc: email address from a different email provider. Leads will be sent to this backup email address.
- Default State. The default state appears in the contact information form. A prospect may select any state.
- Hide Applicant's Financial Information in Pre-Qual Letter: If you do not want to disclose the borrower's income, debt and cash available, select this check-box.
- Enter Company Name and Address. Use this section to create your letterhead on the prequalification letter.
- This section will be fully populated in the prequalification letter.
- This is one of three text fields (see items 14 and 15) you'll use to create the body of the prequalification letter. Include all necessary disclaimers. You may use HTML.
- This section will be fully populated in the prequalification letter.
- See item 12.
- See item 12.
- These signature lines are used to compose your closing signature in the prequalification letter.
- Update the information to save the data and reach the Company Data page.
3. Company Data for PreQual CalcuLetter
After submitting the previous Admin. page, you reach this page, "Company Data for PreQual CalcuLetter."
Use the links in this page to verify that your letter looks just the way you want it to, and test email delivery to your account(s).
- PreQual CalcuLetter in HTML format. Use this link to view your prequalification letter in HTML (web page) format.
- PreQual CalcuLetter in Adobe Acrobat format. Use this link to view your prequalification letter in Adobe Acrobat format. If you don't have Adobe Acrobat Reader, you may download it.
- Email Test. Use this link to test and confirm lead delivery to your email account(s).
The previous page, Company Data for PreQual CalcuLetter, displays links to let you view a sample prequalification letter. Here is an example. You may customize your letter to suit your needs.
