This is not legal advice for your situation*

Tech Tip of the Month: DocMagic's Plan Selection Filter

DSI has added another enhancement to DocMagic - the Plan Selection Filter. This enhancement enables DocMagic users to search loan programs faster than ever before. With competition in the mortgage industry heating up, lenders have been forced to offer a greater number of loan program types to facilitate the needs of an increasingly diverse customer base. With more loan programs to choose from, selection of the correct loan program at document processing time can become time consuming and error prone.

DocMagic's real-time filter instantly displays loan programs based on the following user-selected criteria: Investor name, Loan Type, Interest Rate Type, ARM Interest Adjustment and/or Interest-only designation.

Once you have chosen your filter criteria, you may view more detailed information about the loan programs selected with your criteria, such as: Per Diem Interest Days, 1st Interest Change Months, Interest Change Months, 1st Pay Change Months, Pay Change Months, 1st Interest Cap, Interest Change Cap, Life Cap and Interest Only Months.

You can also sort each plan column in alphabetical or numerical order with a single mouse click on the applicable column header(s). For example, if you wish to view your loan programs in alphabetical order by investor name, simply click on the column header entitled "Investor." If you want to view all ARM loan programs beginning with the shortest initial fixed-rate period, click on the column entitled "1st Int Chg Mos."

From the DocMagic worksheet screen, select the "Plan Code" field and click the drop arrow to access the Plan Selection window.


Click for larger image

Once the Plan Selection Filter screen appears, simply select your criteria values, and your loan program display will instantly update to reflect only applicable loan programs.

parameters.


Click for larger image

If you have any questions on how to use the Plan Selection Filter, please contact DSI's Customer Service or Technical Support Departments at (800) 649-1362.

To view all At Your Service Articles, click here.

Back to Top



*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.


Syndicate content RSS