Asset information is created by highlighting the Deposit field on the menu tree and pressing the Insert key
or selecting the Add option with the right-click of a mouse. A new deposit screen should be created for each depository entity or for any entity in which the borrower has more than four accounts. For example, if the borrower has six accounts at the same institution, only
four could be created in one deposit screen, so the remaining two would need to be created in an additional screen. The asset data is used to calculate the cash for closing and reserves, complete print forms, and for automated underwriting. Selecting the Print icon will print a VOD for the account, and selecting the Print Preview icon will allow the VOD to be viewed and edited on screen. From the Print
Preview screen, the VOD can be printed or emailed.
Certain account types (those listed as funds “not deposited” or ND) will not be considered liquid assets for the calculation of reserves and cash to close.
