Turbo Title has added a ‘Rate Compare’ tool to display a comparison of the available underwriter rates. Buttons are available on the Main Screen and Turbo Policy Toolbars to initiate the ‘Rate Compare’ tool.
Training Videos:
Rate Compare Screen
When first loading the Rate Compare form data is populated from existing data in the current file. You can make changes to any of the following:
- Loan Amount: Will change the fee charge in the Lenders column of the Table
- Sales Price: Changes the fees displayed in the Owners column of the Table
- Lenders: This is a drop down to select the desired rate type
- Owners: This is a drop down to select the desired rate type
- Order Type: Allows user to select a different order type. Refinance order types may be used.
- Use Simultaneous: Adjusts rate based on Simultaneous issue.
- Subdivision/Builder Rate: Adjusts rates appropriately
- Non-Residential: Automatically populated by the assigned
Additional buttons:
- Refresh Rates: Click to reload data from the current file
- Apply Rates: Click to write currently selected data to the file.
Underwriter Rate Selection
To add underwriters to the Rate Compare tool the underwriter must be assigned a ‘Rate Type’ in the Underwriter Setup form.
Drop down the ‘Rate Type’ combobox to select one of the desired built-in rate type for the underwriter. Usually you will want to select the tool that includes as part of the name ‘Most Recent’.