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Usage

You use the Contract acceptance function to convert the contract offer selected by the borrower into a contract. You do this by calling up a contract offer stored in the system. 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 New Business ® Mortgage ® 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 Offer Overview screen appears.

    4. This screen displays all the versions for the contract offer. You have to select the offer on which the contract is to be based. You do this by selecting the offer and choosing the function Select, or by double clicking on the offer in question. The Contract Acceptance screen appears.

    You now have the option of adjusting the contract if required (refer to function Changing a Mortgage Loan). All other screens relating to the contract offer are available for you to make changes.

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

 

 

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