Point User Guide 73Loan file creation5 To copy only the Loan Application, select the Carry over 1003 data to start a newloan check box.In addition to the Loan Application, the following items are duplicated in the newloan when this option is selected:• User-defined miscellaneous items• Due date calculations that are defined in the Miscellaneous Items section of theStatus and Checklist screen• The loan representative who is identified in the Borrower Information screen• The processor who is identified in the Borrower Information screen6 Click Save to save the file in the default loan file directory.To save the file in a different location, click the Browse Other Location button.Navigate to the new directory and click Save.Creating new co-borrower loan filesCo-borrower files are generally used for applicants who are not married to each other.A maximum of five co-borrowers are allowed per loan. Co-borrower applications aresaved under the primary borrower file name with the.cbx extension. The “x” in theextension denotes the co-borrower number. For example, the extension for the first co-borrower on a loan is.cb1, the second co-borrower,.cb2, and so on.To create a co-borrower file:1 Create or open a prospect or borrower file.2 Select Bor/Co-Bor > Co-Borrower x.Related information• For information about how to specify the auto file namingparameters and enable auto file naming, refer to Naming filesautomatically, on page 63.• Refer to Chapter 10, Loan tracking, for information about the loanchecklist, basic documents, and miscellaneous items.TipAs a general rule, use Bor/Co-Bor when two or more people are buyingthe same property.
