Point User Guide 69Loan file creationCreating new borrower loan filesNew borrower loan files are created from a blank file, by copying an existing prospect file,or by using a master template.To create a new borrower file from a template, blank file, or existing prospect file:1 Select the Loans tab from the navigation panel.2 Select the data folder where you want to store the file from the dropdown list.3 Select Borrower.4 Click the New button or select File > New > Loan > Borrower... to open the CreateNew Loan File dialog box.5 Select the source of the new borrower file:• To create a loan file with no data, select New Blank File.• To create a loan file from an existing prospect file, select New File from ProspectFile.• To create a loan file from a template, select New File from Master Template andselect the template to use from the list.ImportantChanges to DRE regulations required the removal of one set of user-defined fields in the Payment of Other Obligations list on both MLDSscreens. Therefore, if you create a new loan file from an existing prospectfile that was created in an earlier Point version, any data that was in thefields that were removed is lost. To include those obligations in the newloan file, you must combine the additional obligations and enter the totalin the remaining user-defined field manually.TipIf you select the New File from Master Template option, the template thatwas used last is preselected.
