Point User Guide 113Entering assets and liabilities13 When you are finished entering real estate, click Save & Close.Use the Insert, Edit, and Delete buttons to add, change, or remove entries. Use theMove Up and Move Dn buttons to move entries up or down in the list.Entering liabilities in a different nameIf a borrower was issued credit under a different name than the name they are using onthe Loan Application, for example, a married woman had credit in her maiden name,enter the account information at the bottom of page 3.To enter liabilities in a different name:1 Open page 3 of the Loan Application and go to the bottom of the page.2 Enter the Alternate Name the borrower used, the Creditor Name, and the AccountNumber.Matching liabilities to real estate ownedUse the matching liabilities function to match real estate with the corresponding loan onthe liabilities list. This feature is most useful when a borrower owns multiple properties andhas multiple loans because it identifies which loans are associated with which properties.You can match a property to multiple liabilities.To match liabilities and real estate owned:1 Open page 3 of the Loan Application and go to either the Liabilities section or theSchedule of Real Estate Owned section.2 If you are in the Liabilities section, click the Match to REO button. If you are in theSchedule of Real Estate Owned section, click the Match to Liability button.Related informationRefer to Chapter 8, Verifications, for information about the Verificationof Mortgage/Rent and Verification of Loan screens.
