The Applicant Tab appears in all consumer and dealer applications.

The primary applicant is the individual you enter on the New Consumer Application page or New Dealer Application page. The applicant form for this person is generated automatically on the Application page.

In all dealer applications, this tab has two sections: Personal Information and Employment Information.

You may have up to two applicants (your primary and secondary) and two corresponding co-applicants (one for each applicant). An example of an applicant and co-applicant would be a husband and wife, one as the applicant and the other as the co-applicant. Credit reports are pulled for all applicants and co-applicants.

On the Decision page, a financial summary section will appear for each applicant/co-applicant pair. A co-applicant's financial data is rolled up into the financial data shown in the applicant subsection. See the Decision Support Section topic for more information.

Note: In a multiple applicant application, the ARM Score used will be from the applicant with the highest credit bureau score, which may or may not be the primary applicant. All applicants are displayed on the Decision Application page.

Generating a Secondary Applicant

To generate a secondary applicant, click the icon. To generate a co-applicant for your primary or secondary applicant, such as a spouse, click on the Action menu and select Add Co-Applicant. When you create a co-applicant for an applicant, the applicant's information defaults to that of the applicant; you can edit the information as needed.

Here are notes about some of the fields and features in this section:

Note: Some of these fields apply only to consumer applications.

• To search Origination and the CIF (Customer Information File) for additional information on this applicant, click on the Action menu and select Lookup Customer Information. This menu item brings the Lookup Customer Information dialog box.

  The dialog consists of two sections, Search Criteria and Search Results. You can use the available fields (First Name, Last Name, and Social Security Number) to narrow your search; note that it is not required to use all fields, but your search results will be narrower the more you use.

  Note: Baker Hill Origination passes the first name, last name, and Social Security Number to the CIF for use in looking up individuals. If search results are returned, you have the option of copying the applicant data to the current application by right-clicking the application in the Search Results area and choosing Copy Data.

• Baker Hill Bank2Business displays co-applicant name matches from the CIF along with matches from within Origination. The Source column in the list of results displays the solution from which the name came.

  Note: The Date of Update is not imported from the CIF. Therefore, this column will be empty for items imported from Advisor.

• In order to help your financial institution comply with the Patriot Act (requirement of positive identification of new customers), the personal identification fields (Existing Customer, Primary/Secondary Identification, Description) appear for all consumer applications. Note that if you mark the Existing Customer field as Yes, meaning that you have a reasonable belief as to the identity of the person, the other identification fields are not required.

• Answer Yes to the Use Mailing Address in Correspondence? question to use the Mailing Address in any letters addressed to this consumer loan applicant. Leave the field blank, or select No from the list, to use the Home Address in correspondence instead.

  Note: If you answer Yes for the mailing address question but do not complete the mailing address fields, any correspondence generated for this applicant will include blank address lines.

• To generate a Monthly Loan Payments, Assets and Liabilities form, click the icon. If this section is optional for this product, and you have no payments or liabilities for this consumer loan applicant, do not generate the form. Note that this subsection is not available for co-applicants. Your FI determines during your setup whether this section is required, optional, or non-applicable on a per-product basis.

  Note: Use the blank fields provided to roll up additional payments, assets, and/or liabilities.

• The Marital Status field is not required for unsecured credit applications.

• Even if your institution is configured for the total and unsecured (split) lending authority option, only the Total Existing Bank Exposure field is present. The Baker Hill Bank2Consumer Application page doesn't differentiate between total and unsecured exposure, though the total takes into account all exposure, both secured and unsecured.

• Alimony, child support, or separate maintenance income does not need to be added to Other Income unless the applicant wants it considered for loan repayment.