While processing an application, the Loan Origination module is able to capture applicant liabilities. If an applicant is a current account holder, the module searches the core for liabilities. The Loan Origination module also retrieves applicant liabilities from a credit report. If liabilities are located on the core or retrieved from a credit report, the liabilities of each applicant automatically populate within the Liabilities grid that appears in the Liabilities screen and Liabilities panel.

In addition to retrieving liabilities from the institution’s core and credit report, users are able to manually add liabilities that are not held by the institution or tracked by a credit report from the Liabilities screen and Liabilities panel.

When an address is added to an application, and Purchase is selected within the Status field in the Applicant Address screen, the address is added to the application as a Mortgage liability. The information populates in the Liabilities grid with the Housing Loan Balance and Monthly Expense amount identified within the Applicant Address screen and the liability is automatically flagged as a secured housing expense.

The Liabilities screen is a system-defined screen that can be configured to appear in an application by the system administrator.

The Liabilities panel is a system-defined panel that system administrators can configure to appear within an Application screen assigned to the sub-product's workflow model.

Depending on the configuration of the workflow model, the Liabilities screen and/or the Application screen including the Liabilities panel may be assigned to the Workflow and/or Screen section of the Application Navigator.

For more information on the Application Navigator, please see the Application Navigator section of the Lifecycle Management Suite Workspace topic.

The Liabilities panel and the Add-On/Refinance panel contain the same data. If the screen that contains the Liabilities panel also contains the Add-On/Refinance panel, data updated on the most-recent panel added to the screen by a system administrator is saved and overwrites the data updated on the other panel.

Within both the Liabilities screen and Liabilities panel, the first row of data is automatically highlighted green to represent the liability record for the current application.

This liability record cannot be edited and is marked secured or unsecured based on the Secured configuration for the application's sub-product.

A toolbar is located at the top of the screen and panel to provide users with the ability to perform the following functions:

Icon	Description
	Allows a user to add an applicant liability to the current application.
	Allows a user to edit an applicant liability that is assigned to the current application.
	Allows a user to remove an applicant liability from the current application.

Within the grid that appears, information for each liability is distributed across the following columns:

The Liabilities panel provides administrators with the ability to configure the columns that display in the panel, as well as the label that appears for each column. Additionally, some fields that are available to add to the Liabilities panel do not appear within the Liabilities screen; therefore, the columns of information that appear in the Liabilities screen and panel may differ for each institution.

When liabilities are imported from the core and/or a credit report, not all columns contain a value as some information is not relevant to all liability types. When a liability is added or edited from the Liabilities screen or Liabilities panel, the columns display the value of each completed field.

Column/Field	Description
Secured	If an item is identified as a secured liability, the check box is selected. For more information on this functionality, please see the section below: Secured and Unsecured Liabilities The Secured column is available within the Liabilities grid to identify a liability as secured or unsecured. As previously mentioned, the information that appears within the Liabilities grid is imported from the core, which is in turn imported from a credit report tradeline or manually added within the Liabilities grid. When liabilities are imported from the core system, they are marked as unsecured by default. When liabilities are imported from a credit report tradeline, they are identified as secured or unsecured according to the mapping defined in the table below: System administrators can configure TradeProcessing rules to execute during the application process to override the mapping below for liabilities imported from a credit report and/or configure Applicant Import rules to modify the value of the IsSecured field for a liability imported from the Core system.  Secured Liabilities Unsecured Liabilities Real Estate Credit Card Automobile Department Store Furniture Education (Student Loans) Boat/Yacht Utility/Rent Recreational Vehicle (Camper, Motor Home) Medical Miscellaneous Retail Not Specified When creating concurrent applications as a liability, the liability is marked as secured or unsecured based on the value of the Secured flag for the concurrent application’s sub-product. For more information, please see the Loan Application Types- Sub-Products topic in the Administrator Guide. When a liability is added or edited from the Liabilities grid, users are able to manually set the value of the Secured field within the Edit Liabilities screen. By default, the Editability of the Application.IsSecured field only allows editing pre-decision. However, the Editability of this field can be modified by a system administrator in System Management > Origination > Editability. Users can identify a liability as secured by selecting the Secured checkbox or identify it as unsecured by deselecting the checkbox. Once the desired Secured value appears for the liability, click  to retain the changes and return to the Liabilities screen.
Expense	If the item is identified as an expense, the check box is selected.
Refi	If the item is identified as a refinance, the check box is selected. Replacement and Consolidation cross-sells automatically select the liability Refi check box for the liabilities being refinanced or consolidated within the child applications created by the cross-sell.
Housing	If the item is identified as a housing expense, the check box is selected.
% Include	Indicates the percent of the liability value included as the applicant’s. If not manually updated, the % Include field defaults to 100, which denotes that 100% of the liability is to be included in the application. When the value of % Include is updated for a concurrent application liability, the adjusted value continues to appear within the % Include column after the application is re-decisioned. In some instances, when a configuration change is made, such as a rule update for concurrent application processing, the system is not able to store the adjustment percentage for existing applications on the first decision. If this occurs, the value of % Include reverts back to 100% when an in progress concurrent application is re-decisioned for the first time; after the first time the application is re-decisioned, the updated value is maintained within the % Include column for the concurrent application liability.
Type	Indicates the liability type such as Installment, Mortgage, or Revolving. The values within this field populate from the TRADE_TYPE field lookup.
Status	Indicates the status of the liability such as Current or Bankruptcy. The values within this field populate from the TRADE_STATUS field lookup.
Delinquency Status	Indicates the maximum delinquency status of a liability during the last 24 months. Delinquency status is set according to the MAX_DELINQUENCY_STATUS field lookup and may display the following values: Never Delinquent, 30 Days Late, 60 Days Late, 90 Days Late, 120 Days Late, 150 (or more) Days Late, Bankruptcy, Repossession/Foreclosure, or Charge off/Collections.
Balance	Indicates the actual balance. A total of all balances is calculated and displayed within the bottom of the grid.
Adj. Balance	Indicates the balance of the liability after the being adjusted according to the percent included value. A total of all adjusted balances is calculated and displayed within the bottom of the grid.
Payment	Indicates the actual payment amount of the liability. A total of all payments is calculated and displayed within the bottom of the grid.
Adj. Payment	Indicates the payment amount after the adjustment according to the percent included value. A total of all adjusted payments is calculated and displayed within the bottom of the grid.
Frequency	Indicates the payment frequency of the liability.
Applicant - ECOA	Indicates which applicant is the owner of the liability according to the Equal Credit Opportunity Act code indicated on the credit report.
Source	Indicates the liability’s source. The application currently being applied for is displayed according to the application number. If the liability’s source is the credit report, the credit bureau providing the information is displayed.
Account #	Indicates the account number of the liability. When the Trade Category for a Liability is Credit Card or Department Store, all but the last four digits of the credit card account number appear masked within the Account # field to be in compliance with the PCI regulations that require credit card numbers to be masked and not displayed in clear text on a screen. While this functionality cannot be disabled, the  icon that appears in the Account # field does provide the ability to temporarily unmask the value of the credit card number by hovering over the icon. Navigating away from the icon once again masks the credit card account number.
Category	Indicates the liability category such as Automobile or Credit Card. The values within this field populate from the TRADE_CATEGORY field lookup.
Description	Displays any further information about the liability.
Creditor	Indicates the creditor holding the liability.
Limit	Indicates the limit of the liability if the liability is an open-ended loan. A total of all limits is calculated and displayed within the bottom of the grid.
Maturity Date	Indicates the maturity date of closed-end liabilities.
Balloon Amount	Indicates the balloon amount if the liability is a balloon loan. A total of all balloon amounts is calculated and displayed within the bottom of the grid.
Balloon Due Dt	Indicates the balloon maturity date if the liability is a balloon loan.
Past Due	Indicates the amount the liability is past due. A total of all past due amounts is calculated and displayed within the bottom of the grid.
Open Date	Indicates the date that liability was opened.
Last Report Date	Indicates the date the liability was last reported to the credit bureau.
Concurrent App	Indicates the liability is another application currently being processed in the Loan Origination module.
Edited	If the item has been manually edited within the Liabilities screen or panel, the check box is selected. Reference the table below for an overview of when the Edited check box is selected/deselected during the application process. Application Event Behavior of Edited Check Box Liability manually created or edited Edited check box is automatically selected for the Liability. Liability imported from the Core or Credit Report Tradeline Edited check box is automatically selected for the Liability. New credit report added to an application Edited check box is deselected for all liabilities created or updated by the credit report. Application updated from the Core Edited check box is removed for all liabilities from the Core.
Payoff Amount	Indicates the total payoff amount for the liability. This field is only available when configured to appear in the Liabilities panel by the system administrator and does not appear within the Liabilities screen.

Adding Liabilities

• Liabilities can be added to an application by clicking within the Liabilities toolbar. Clicking opens the Add Liabilities screen in a new window.
• Within the Add Liabilities screen users are able to input liability information within the corresponding fields.

When Credit Card or Department Store is selected for the Liability category, an  icon appears in the Account # field and all but the last four digits of the credit card number are masked once a user clicks outside of the field. To temporarily unmask the value of the account number, hover of the  icon. Navigating away from the icon once again masks the credit card account number. When editing the value in the Account # field, the entire credit card account number must be deleted and re-entered. Therefore, once a user clicks within the field, the  icon becomes an  to enable the ability to delete the entire account number. Once a number is re-entered and the user clicks outside of the Account # field, the new number appears masked and the  icon is again displayed.

• If the liability is identified as a housing expense, complete the Address and Address Status fields. The Address field allows users to select a current address that is provided in the Applicant Address panel. In the Address Status field, use the drop-down to identify the applicant liability as a mortgage, rent, or another status type.
• Below the fields is a grid that allows users to assign ownership of the liability. If multiple applicants are on the current application, each applicant is able to have their liabilities added from the Edit Liability screen.

• Select the applicant’s name to enable the ownership options. Upon selecting the applicant’s name, two fields become available: Map to Liability (check box) and Percentage Responsible. Select the Map to Liability check box to indicate applicant ownership. Update the value under Percentage Responsible to indicate the percent of the liability for which each applicant is responsible.
• Once all information for the liability is complete, click .

Editing Liabilities

Users are able to edit liabilities that are populated by the core and/or credit reports as well as liabilities that are manually entered. The Editability of certain fields may differ between the Liabilities screen and Liabilities panel and may also depend on whether the liability was populated from a core, from a credit line, or added manually.

By default, some fields, such as Secured and Expense, can only be edited pre-decision. However, the Editability of these fields can be modified by the system administrator in System Management > Origination > Editability.

The following fields are not editable and appear as read-only within both the Liabilities screen and Liabilities panel:

• Adj. Payment
• Applicant - ECOA
• Concurrent App
• Housing
• Last Reported Date
• Open Date
• Past Due
• Source
• Edited

Editing within the Liabilities Screen

Within the Liabilities screen, certain fields cannot be edited when a liability is populated from the core or credit report. Reference the table below for an overview of the fields that are able to be edited when a liability is populated by the core, credit report, or added manually from the Liabilities screen:

To edit a liability within the Liabilities screen:

• Double-click the desired liability within the Liabilities grid or highlight the liability and click .
• The Edit Liabilities screen opens in a new window.
• Make any necessary modifications within the editable fields.
• Once all modifications have been made, click .

Editing within the Liabilities Panel

The Liabilities panel supports inline editing to allow users to modify a liability directly within the Liabilities grid, as well as provides the ability to update additional liability information within the Edit Liabilities window. Clicking within a panel column displays an editable text box or a drop-down to select from a list of options for all editable fields in the panel grid. Clicking the  button at the top of the panel opens the Edit Liabilities screen to modify additional details for the liability.

To edit a liability within the Liabilities panel:

• Click within the desired column.
• If editing information within the panel grid, enter the modified value within each editable text box and/or select a value from the desired drop-down list(s).        

When editing the value in the Account # field for a Credit Card or Department Store liability, the entire credit card account number must be deleted and re-entered; therefore, once a user clicks within the field, the  icon becomes an  to enable the ability to delete the entire account number. Once a number is re-entered and the user clicks outside of the Account # field, the new number appears masked and the  icon is again displayed.

Reference the Editable Drop-down Fields section below for an overview of the fields that provide a drop-down list and the location from where the available options in the list are populated: Editable Drop-down Fields Field Available Options Address Lists the addresses recorded for each applicant on the application. Address Status Lists the lookup values for the ADDRESS_STATUS lookup in Field Configurations. Category Lists the lookup values for the TRADE_CATEGORY lookup in Field Configurations. Frequency Lists the lookup values for the CB_PAYMENT_FREQUENCY lookup in Field Configurations. Status Lists the lookup values for the TRADE_STATUS lookup in Field Configurations. Type Lists the lookup values for the TRADE_TYPE lookup in Field Configurations.

• Once all modifications have been made within the panel, click outside of the column to populate the new information in the grid.
• To edit liability information within the Edit Liabilities screen, highlight the desired liability within the grid and click .

  The Edit Liabilities screen includes the same fields as the Add Liabilities screen. For an overview of the fields that appear in the screen, please see the Adding Liabilities section in this topic.

  Clicking  saves the information entered within the Liabilities panel; therefore, when a field is modified within the grid prior to clicking , the updated value populates for the applicable field in the Edit Liabilities screen.

• Make the necessary modifications for the liability and click  to retain the updated information.
• Click  within the top of the screen including the Liabilities panel to retain the modifications.

Deleting Liabilities

While processing an application, the following liabilities cannot be deleted: Liabilities based on the current application. Liabilities created from a concurrent application. Liabilities from a Core or credit report. Liabilities that are amortized.

To delete a liability:

• Highlight the desired liability within the Liabilities grid and click .
• When prompted, confirm the removal of the liability by clicking Yes.
• Once the liability has been deleted, click OK to continue processing the application.

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