Summary Tab

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The Summary tab gives you a quick look at the applicant's requested amount, the applicant's collateral net advance, the applicant's exposure, the number and type of credit policy messages pertaining to the application, the decisioning process, and data pertaining to the application creation.

Note: If you have entered a decision on this application more than once (for example, the application is reprocessed or co-decisioned and returned to you), you will be listed as a Decisioner for each time you entered a decision.

The Summary tab contains fields that display the calculations for both the requested amount and the authorized amount of the loan. These fields provide a summary of both the original values that were submitted and the updated values as products are decisioned or collateral updated. Negative numbers are displayed in parentheses.

The Loan to Value (LTV) calculation is based on changes that may be made on the Decision page. This means that the LTV calculation will be in line with the Authorized Decision.  The following changes to Baker Hill Origination may affect the LTV calculations:

If changes are made on the Decision Page that affect the LTV calculation (or any other calculation or data), and you want to see how these changes affect Credit Policy Messages, you may click Save & Reevaluate on the Decision page and return to it.  This triggers a re-evaluation of credit policies.  Reprocessing the application is not needed for this purpose.

The Summary tab reflects calculations based on the requested amounts as well as calculations based on the authorized amount. These fields provide a summary of both the original values that were submitted and the updated values as products are decisioned or collateral updated.  

Requested LTV in the Summary tab will also be updated if changes are made to Collateral values on the Decision page. This is because the fields for collateral on the Decision page are the same as those on the Edit Application page, and generally, collateral values from the Application page do not represent requested values.

For the Bank2Dealer offering only, a Total Net Sale to Value field is also provided on the Decision Application Page. The calculation for this field uses Net Sale Value (the amount to be financed before add-ons such as credit life and disability insurances and extended warranty) divided by Collateral Market Value.

The following pages use the Authorized values rather than the requested values in the application summaries:

The Bank2Business Application Report and Underwriter Analysis documents and the Credit Memo (Bank2Business and Bank2Dealer) also use the Authorized values in the Application Summaries.

Decision Process Field

The Decision process field on the Decision page displays the type of decision process used to decision the application. Possible decision process types are as follows:

 

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