1. Open the Borrower's File
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Navigate to the specific loan file in Encompass
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Go to the Forms section.
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Open the LenderLogix QuickQual form. This is the workspace where you'll enter the needed details.
2. Review Key Pre-Filled Information
You will see the following data already populated from your AUS run and borrower application:
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Current DTI (Debt-to-Income Ratio)
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Current PITI (Principal, Interest, Taxes, Insurance) Payment
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Total Liquid Assets
3. Complete Required Fields
To proceed with sending data to LenderLogix, you only need to fill in three fields:
a. Max DTI
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Enter the maximum DTI your borrower can qualify for.
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Example: If the current DTI is 32%, and you believe they qualify for up to 43%, input 43.
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Once entered, the Max PITI Payment will auto-calculate based on the new DTI—no manual calculation needed.
b. Cash to Close
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Input an estimated cash-to-close amount.
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Tip: Consider inputting a slightly lower amount than the borrower’s total liquid assets, especially if you expect reduced funds at closing.
c. Comfortable PITI Payment
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Enter the maximum PITI payment you’re comfortable with generating letters for.
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This should typically be less than or equal to the calculated Max PITI.