Navigation:  Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab > Current LTV

Entry: System, numeric

F/M: No

Mnemonic: LNCLTV

Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab

 

Each time this screen is accessed, the system will calculate the current loan-to-value ratio and place it in this field. It is for information purposes only and does not affect the loan in any way. The system calculates the ratio by dividing the sum of the current Principal Balance (on the Loans > Account Information > Account Detail screen) and the Secondary Balance by the lesser of the Appraisal Amount or the Selling Price. Because this is a calculated field, it is not file maintainable, nor can you use it in Report Writer.