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U08 Application

U0801 Application Tracking

New

There are 4 choices when entering a new application:

 

Normal / Leveraged

This choice adds a new application not tied to Application Drawdown Tracking or a master application. The same screen is used to add a leveraged lease.
Template Application
Enter the template application or click on help button accesses the Application Search by Lessee function.

For detailed reference of leveraged leases, see Leveraged Leases overview document.

Master

This choice adds a new master application, part of Application Drawdown Tracking. Drawdown Tracking is an optional LeasePak module that is available separately. Please refer to the Application Drawdown Tracking document for more information.

Master Application
Enter the Master application number or click on help button for detailed application information to select a master application.
Template Application
Enter the template application to default and select OK. Use the Help button for a list of valid clients. If no template application number is entered or desired, select OK for a New Master Application.

To facilitate entry of the new application, it may be useful to clone an existing application. The Application Portfolio update [U0822] offers the ability to establish a default application for all new applications by portfolio. One technique is to create a special application which is never processed (i.e. approved, rejected, or booked), containing only the applicable default information. Such special applications can be given the application status of "Default" so they are not included on exception and progress reports as a normal application. Refer to the Status Transfer option of the Application update [U0801] or the Application Status update [U0811] for more information.

 

This screen is used to specify the criteria for the application search.

Short Name
This is the client Short Name from the RCX table.
SS/Bus ID
This is the client Social Security or ID number from the RCX table.
Client
This is the Client ID from the RCX and respective client (RAL, RCU, etc.) tables.
Bus Phone
This is the Business Phone Number from the respective client table.
Address
This is the Short Address from the RCX table.
City
This is the City from the RCX table.
State
This is the State from the RCX table.
Client Type
Initially the Client Type defaults to lessee, so that LeasePak will compare the search criteria entered against all lessee information stored and display matches. To search by vendor, broker, etc., select on the appropriate Client Type in the top right of the screen.

Select Retrieve to search for clients matching the specified criteria.

 

This screen is used to select which lessee's application(s) to retrieve. selecting on Select will bring up a list of applications belonging to the highlighted lessee, if there are any.

 

From this screen, clicking on Select will choose the highlighted application as the default application and return the user to the New Application screen.

 

Sub

This choice adds a new sub-application, which must be tied to a previously entered master application. All data from the default application is defaulted except:

  • Application number
  • Advanced Payment Money Received
  • Asset information
  • Information pertaining to receipt of documents on the Documents option of the Application update [U0801].

Once a default application is chosen, or if no default is desired, selecting on OK will open the screen containing the application entry fields. These fields are arranged on 11 tabs. Please refer to the U0801 Application Tabs document for a detailed explanation of the content of these tabs.