Waiving a Mortgage Loan 

Use

This function lets you discontinue processing of an application, contract offer or contract, either completely or in part.

If you carry out a full waiver, the entire loan is removed from the normal loan process and no more changes can be made to it. If necessary, you can reactivate the contract offer or contract.

If you carry out a partial waiver, only part of the disbursement amount can still be processed. If, of course, the loan was fully disbursed from the start (=100%), you can no longer carry out a partial waiver.

For more information, see Mortgage Loan Processing.

Procedure

  1. Choose Transaction Management ® Mortgage Loan ® Application/Contract offer/Contract ® Waive.
  2. The Waive Application/Contract Offer/Contract: Initial Screen appears.
  3. Enter the Company code and Loan number. If you do not know the number of the loan, you can search for the application, contract offer or contract using the F4 possible entries function (matchcode search).
    1. In the case of a contract offer or contract, you can choose between a Full waiver and a Partial waiver.

      2. If you choose Full waiver, the Waive Contract Offer/Contract: Basic Data screen appears.

      If you choose Partial waiver, the Waive Contract Offer/Contract: Partial Waiver Basic Data screen appears.

    2. In the case of an application, the Delete Application: Basic Data screen appears when you enter the application to be waived.
  4. If you waive an application, or carry out a full waiver for a contract offer or contract, the basic data screen is divided as follows:
    1. At the top of the screen you see the general data relating to the loan. This data cannot be changed.
    2. Under General, you can enter the Non-acceptance reason, the Date of the rejection/waiver and the Deletion indicator.
    3. In the area below, the system displays data such as the remaining disbursement obligation, the commitment capital for the contract and the value-dated capital. This data cannot be changed.
    4. The change in status resulting from the waiver is displayed in the Status section. You cannot change the status setting.
  5. If you choose Partial waiver for a contract offer or contract, you can enter the partial waiver amount and the date from which the change affects interest calculations on the Partial Waiver Basic Data screen. This partial waiver appears automatically in the contract as a condition item capital reduction and also appears in the cash flow.
  6. Choose Save. The application, contract offer or contract has completed/deleted status.