Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 7 views

    Important Reminders - CLOS ENCODING

    Uploaded by

    Hazel Joyce Yap

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Important Reminders - CLOS ENCODING

    Uploaded by

    Hazel Joyce Yap
    7 views6 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    7 views6 pages

    Important Reminders - CLOS ENCODING

    Uploaded by

    Hazel Joyce Yap

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    IMPORTANT REMINDERS TO REFERRING AND ENCODING BRANCH

    1. Familiarize yourself with the 11 tabs in the “New Loan Application” page in CLOS and the
    information needed for each tabs.
    a. Personal Information
    b. Contact Information
    c. Employment Information
    d. Spouse Information
    d.1 Personal Information
    d.2 Contact Information
    e. d.3 Employment Information
    f. Financial Information
    g. Dependent Information
    h. Bank Reference
    i. Loan Information
    Co-Borrower Information
    i.1 Personal Information
    i.2 Contact Information
    i.3 Employment Information
    j. Collateral Information; and
    k. Documentary Requirements
    For the REFERRING Branch For the ENCODING Branch
    2. All except tabs e, g, and k should be filled out 2. All except tabs e, g, and k should be filled
    by the Encoding Branch. out by the Encoding Branch.
    3. Tabs d. Spouse Information and i. Co-borrower 3. Tabs d. Spouse Information and i. Co-
    information shall be filled out only if borrower information shall be filled out only
    applicable. if applicable.
    4. Using the Evaluation Sheet (excel file), assess 4. Ensure all source documents (i.e. Loan
    and ensure that all source documents (i.e. Application, CIS, Marriage Cert., COE etc.)
    Loan Application, CIS, Marriage Cert., COE are complete and ready before starting your
    etc.) are submitted by the applicant. application in CLOS. CLOS sessions timeout
    Each spouse, co-borrower and their spouse after 5 minutes of inactivity and lack a “Save”
    should fill out CIS with DPC Form and submit function. Prepare to re-enter all information
    the listed documents. if interrupted.
    5. Make sure that forms are duly filled out and 5. Fill out/supply information in ALL
    signed by the applicant/s and their spouse/s. highlighted fields in pages 2-6 to avoid
    Take note of the details required in the CLOS delays. Credit Officers (CO) may require
    (highlighted fields in pages 2-6). Other info any information for risk assessment,
    could be obtained through interview. even if optional. Incomplete applications
    6. Compute for the NDI of the Borrower to are returned to the Originator/Encoding
    determine the Loan Amount to be endorsed. Branch and reported monthly.
    7. Using the Endorsement Sheet, forward the 6. Do not forget to attach the source
    loan application to the Encoding branch once documents before submitting the
    completed. Do not forget to include the application.
    Evaluation Sheet and the NDI Computation

    Referring Branch should ensure that all the required details are available before endorsing to Encoding Branch.
    Encoding Branch reserves the right to return endorsed loan applications with lacking data/information.
    INFORMATION NEEDED INSIDE CLOS
    a. Personal Information

    b. Contact Information
    c. Employment Information

    d. Spouse*
    d.1 Personal Information (*Same Info are required for co-borrower and their spouse)
    d. Spouse Information (continued)
    d.2 Contact Information

    d.3 Employment Information


    f. Dependent Information

    h. Loan Information

    Loan
    Type/Classification
    and Purpose of Loan
    should match.

    If Mortgage Loan:
    Loan Type: REL Multi-
    Purpose

    Purpose of Loan:
    Multi-Purpose

    If HOME Loan:
    Loan Type: Choose
    applicable loan type
    except REM Multi-
    Purpose

    Purpose of Loan:
    Choose applicable
    purpose except Multi-
    Purpose

    Add-on-Rate (%)
    If Mortgage Loan:
    Use 10%
    If HOME Loan:
    Interest rate
    applicable to applicant
    based on fixing period
    (6.00% to 7.50%)
    Equity
    Available:
    If lot is owned
    by the applicant,
    check Lot
    j. Collateral Information

    TCT/CCT in the
    Name of:
    Indicate present
    owner indicated
    on the TCT of
    the offered
    collateral.

    Do not input any


    figure in the
    Total Asset
    Value, Building
    Value, Lot Value
    and Amount
    Insured. Figures
    should come
    from Appraisal
    Report.

    You might also like