Contract Acceptance 

Use

You use the Contract acceptance function to convert the contract offer selected by the borrower into a contract. If you have defined only one offer within the contract offer, this offer is automatically converted into a contract. If you have defined several sets of offer conditions (offers) within a contract offer, the system displays a list of the offers and you have to select the relevant offer.

See also: Mortgage Loan Processing

Procedure

  1. Choose Transaction Management ® Mortgage Loan ® Contract Offer ® Contract Acceptance.

    2. The Contract Acceptance: Initial Screen appears.

  2. Enter the Company code and Loan number. If you do not know the number of the loan, you can search for the contract via the F4 possible entries function (matchcode search).
  3. If you have only defined one offer, the Contract Acceptance screen appears. If you have defined several offers within a contract offer, the Contract Acceptance: Offer Overview screen appears.

    4. This screen displays all the versions for the contract offer. Select the version of the contract offer to be used as a basis for the contract and choose Choose. Alternatively, you can double-click on the corresponding offer version. The Contract Acceptance screen appears.

    At this stage, you can still make any necessary changes or add any additional data required for the contract on this screen (see Changing a Mortgage Loan Contract).

  4. Save your entries. The loan has Contract status.