About Your Mortgage Loan Analysis Presentation
   
Your presentation has seven optional components. Your mortgage professional selected the best components to highlight loan product features that fit your particular needs. Each component is described below. For more information please contact your loan officer.
   
General  
Title Title pages are typically used to personalize the report by addressing the borrower, "prepared for" and identifying the lending professional or "prepared by" in big, title fonts. Title pages can also contain general information about the report. The Title component should also provide a "contents" section with links to the other components of the presentation.
   
Cover Page Cover pages are designed to highlight or bring to the surface the most important points of the presentation for the borrower. This component can take on the form of a variety of styles and formants. Either multiple pages with tables and colors, or a simple, straight forward personal cover letter. Addressing the borrower then spelling out two or three important report results, then completing the letter with a signature block. The more complex designs may include topic sections that resemble a financial report "Executive Summary", giving a professional look and feel. 
   

Transaction

Descriptions

 Loan Descriptions (header page) provides a complete description of all selected presentation loans and transactional properties in a column/row style. Each row contains a description item with corresponding description values separated by one column per loan. Description items include selected transaction/loan properties entered by the lending professional or may be calculated descriptions such as Total Costs or APR. If the value of an item is zero or empty then it will not display regardless of its selected property. Some items are used as red flags to indicate when maximum loan amounts or loan-to-values have been exceeded.
   
Worksheet The worksheet report is the "workhorse" of the presentation. This is another component in a column/row, spreadsheet style format. Rows include selected line items representing specific financial calculations and projections for a given month within the term of the selected transaction. Line item forecast values are separated by one column per transaction/loan with a maximum of five columns. Therefore, if four line items are selected, such as Payment, Payment Compare, Interest and APC, and five months are selected, such as months 24, 36, 48, 60 and 72, the worksheet will contain twenty lines of financial values (4 line items x 5 months = 20 rows results). Specified line item values may be formatted in order to highlight a specific value that may be particularly important to the borrower. Your loan officer may only show a few month periods with a few forecast items per month making the component less than one page. However, the component has the capacity to show up to 600 months and as much as 20 forecast items for each month, making the component hundreds of pages alone.
   
Chart The chart page provides a visual representation of one forecast item for all loans over the life of the transaction. Charts may come in a variety of styles and formats including line, point and bar charts both 2D and 3D.
   
Notice The Notice (or footer) component is typically used to provide notices, disclosures and important legal information about the loans being offered. This component may also include a breakdown of origination costs and associated fees.
   
Background Sound Your loan officer can add background sound to add more impact to the presentation. The sound component may be limited by bandwidth and/or compatibility considerations.
   
   
Detail  
   
   

Transaction

Descriptions

  • Accelerated Payments: Indicates Weekly (52/year), Bi-Weekly (26/year) or Semi-Monthly (24/year) payments.

  • Add to Payment: Principal pay-down amount added to each regular payment.

  • Appreciation: Rate of project annual property appreciation

  • APR: Annual Percentage Rate.

  • ARM Items: Info included: 1st Rate Adjustment, Adjustment (Rate) Interval, Rate Adjustment Cap, Rate Life Cap, Margin and Index values.

  • (in ARM) GPM Items: Info in fields 1st Payment Adjustment, (Payment) Interval, (Payment) Annual Cap.

  • Balloon Pmt: Balloon Payment due month, if any.

  • Borrower's Income: Borrower's annual gross household income

  • Borrower's Tax Bracket: Borrower's combined percentage of income tax bracket

  • Cash Needed: Cash required to close

  • Cash Out: Cash to borrower after refinance

  • Closing Costs: Calculates all points and loan origination fees.

  • Debt Info: Consumer debt balance and payment amount

  • Deposit: Amount of initial investment deposit

  • Down Payment: Down payment required for this transaction

  • FNMA Limits: Will warn if this loan amount exceeds FNMA maximums.

  • Income Required to Qualify: Specifies monthly income needed to qualify for this loan.

  • Index Play: Indicates a simulated rate increase or decrease of "x" amount over "x" number of months.

  • Interest Only Payments: Indicate interest only payments if specified.

  • Last Payment: Will specify the last payment of this loan.

  • Loan Amount: Loan amount used in this report for this loan.

  • Lender: The name of the lender or lending source.

  • Loan Name: The name of the loan.

  • LTV: This transaction Loan To Value

  • Max Loan: Will warn if this loan amount exceeds the maximum for this loan type.

  • Over LTV: Amount over Loan To Value limit for this loan

  • Over Ratios: Amount over qualify ratios for this loan

  • Pay Off Info: Amount of debt balance and payment to be paid by refinance

  • hazard insurance

  • Private Mortgage Insurance [PMI]: Shows PMI Premium, Renewal and Duration.

  • Points: Number of points or cost of the loan (1 point = 1% of the loan amount in fees).

  • PPS: Summary of Principal Payment Schedule, if any.

  • Property Value: Stated beginning property value

  • Qualify Ratios: Borrower's qualify ratios for this loan

  • Refinance Pmts: Return on Refinance (ROR) and Return on Refinance Pmt months

  • ROR Info: Return on Refinance. Will specify the month at which the accumulated interest savings of a new loan are equal to the origination costs of the same loan.

  • ROR Payment: Return on Refinance Payment. Will specify the month at which the accumulated payment savings of a new loan are equal to the origination costs of the same loan.

  • Start Payment [PI]: Monthly house payment, principal and interest only. If loan requires a PMI payment it will be included

  • Start Payment [PITI]: Monthly house payment, principal, interest, property tax and hazard insurance. If loan requires a PMI payment it will be included.

  • Start Rate: Initial interest rate.

  • Sub Financing: Indicates if this column includes subordinate financing.

  • Type: The type of loan; ARM, Fixed, GPM, etc..

  • (in Type) Term: The term of the loan.
   

Worksheet -

Forecast Items

There are more than 50 optional, individual forecast items within one of three categories, Costs, Cash Flow or Assets and Liabilities. Your loan officer has selected those that are specific to your preferences. The following is a list of available items and a brief description of each:

Costs

  • Accum Costs: Accumulative costs of the loan. This includes any up front fees plus interest paid to date.

  • Accum Interest: Accumulative amount of interest paid.

  • Accum Tax Benefits: Accumulative tax benefits which include borrower's tax bracket multiplied by interest rate costs.

  • Current APC: Annual Percentage of Costs for given period (see What is APC).

  • Interest: Interest for given period.

  • Rate: Current rate of interest for the given period.

  • Tax Benefits: Borrower's tax bracket multiplied by interest rate costs.

 

Cash Flow

  • Accum Debt Payment: Shows the accumulative amount paid to (non-real estate loan) creditors.

  • Accum Earnings: Accumulative earnings from investment account (deposit) balance.

  • Accum Invest Payment: Accumulative payments made to investment account.

  • Accum Payment: Accumulative amount of all principal and interest loan payments.

  • Accum PITI Payment: Accumulative amount of all principal, interest, taxes and insurance loan payments.

  • Accum Rent Payment: Accumulative amount of rent payments (rent entered on borrower's page)

  • Debt Payment: Monthly amount paid to (non-real estate) creditors.

  • Earnings: Monthly earnings from investment account (deposit) balance.

  • Invest Payment: Monthly payments made to investment account.

  • Payment: Payment for given period.

  • PITI Payment: Monthly PITI (principal, interest, taxes, insurance) payment

  • PI Payment: First month principal and interest payment.

  • Rent Payment: Current month rent payment (rent entered on borrower's page with appreciation)


Assets & Liabilities

  • Accum Appreciation: Accumulative amount of property appreciation.

  • Accum Principal: Accumulative amount of principal paid.

  • Appreciation: Current month property appreciation.

  • Balance: Balance at the given period.

  • Equity: Current month property equity which is the difference between property value and real estate loan balance.

  • Invest Balance: Current month investment account balance including compounded interest.

  • Principal: Principal paid for given period.

  • Property Value: Current month property value included appreciation if any.

Each category has a corresponding Compare category. If this is selected it will compare the primary category results and declare the loan with the lowest value "lowest". The other loan columns will display "higher by x" where x is the amount it is lower by (except some line items it is better to have a higher value such as principal payoff, therefore, declares one loan "highest" and other columns "lower by x").