Transfer to Contract 

Usage

I f you do not set decision-making to active in the area of loan awarding, using the Transfer to contract function you can convert an application directly to a contract offer. The underlying application does not remain in the system, meaning retrospective documentation of the process flow of the operation is not possible.

See also: Mortgage Loan Processing.

1. Choose New Business ® Mortgage Loan ® Application ® Transfer to contract.

The Contract Acceptance from Application: Initial Screen appears.

2. Enter the company code and the loan number on the initial screen and choose Enter. If you do not know the loan number, use the F4 help to search for the application using matchcode.

When you have selected the application to be converted, the Change contract screen appears.

3. From here, you have the option of making changes to the application.

If you did not enter data in specific fields when the loan was in application status and if these fields are defined as mandatory fields for contracts, then the system automatically indicates that data has to be entered in these fields. The application cannot be converted into a contract unless these fields have been filled.

4. Choose Save. The application is converted automatically into a contract. Refer to the lower edge of the screen where the system informs you of the status change.