If you’re on Point 9.0, you’re getting there. With the new “QM button” you can run a QM determination on your loans in seconds.
With that determination, you will instantly know the QM type and the liability protection level based on the available loan data. You also get Points & Fees assessments with all fees detailed and explained as well as the QM Qual Rate. And perhaps the best part? You get comprehensive evidence of compliance with every report you run—and you’ll want to run a report at each stage of the loan process.
If you know now if you’re producing QM loans, the January 10th deadline will be just another day for you. Get your business in shape before the end of the year and you’ll be ahead of your competition.
If you need to update your Point loan origination software to Version 9.0, call your account manager today at 800-362-2599.