Temenos Lifecycle Management Suite - Origination Product Guide
Set Maximum LTV Parameters For Deal Options
Administrator Guide > Rules Management > Rules Management - Available Templates > Vocabulary Template Examples > Set Maximum LTV Parameters For Deal Options

This template enables institutions to define parameter values required to generate the Maximum LTV deal option type.

The syntax of this template is provided below.

Set Maximum LTV to <value> percent and decision deal options with <term option> term(s).

Template Placeholders Display Text Required Value in Template
<value> [value]

Yes

Values should be entered as a Percentage (not decimal).

Examples:


If 120%, enter 120 do not enter 1.20
If 115%, enter 115 do not enter 1.15
<term option> [select term option]

No

Valid values:
Original term
Original and lower terms
Original and higher terms
All terms


 

Using this template, the "Maximum LTV" deal option type can be generated in the Deal Options grid. Maximum Amount for this Deal Option is calculated using the below formula.

Collateral Value * (Maximum LTV / 100)

If the 'Maximum LTV' parameters have been set then a notification "Deal Options processing completed successfully" is displayed when the process completes.

After the application is decisioned, the deal options are created in Temenos Infinity based on the event configured for deal option processing. The below screenshot is an example of the created deal options.

Deal Options for Maximum LTV are created in Temenos Infinity when the original term in the application gets auto-approved. If the loan is not auto-approved, the deal option records are not created.

  • A maximum of 8 rate or term pairs (including the original term) are created for Deal Options.
  • The Deal Options can only be sent to DealerTrack. For more information, please see the connector guide.
  • Deal Options is only applicable for Secured loans. Financial Institutions should not author business rules for the Max LTV and Discount LTV amounts on an unsecured application since there will be no collateral.

Event Processing Rule - Deal Option

In the Event Processing Rule deal option, the following application level rule templates are added to the Rules Manager.

Create Deal Options

Entity Level Description
Application

This template enables the institutions to define the interval in which the deal option terms should increase and/or decrease.

The syntax of this template should be similar to create deal options that define <action> term by <interval> month intervals and prioritize <priority> terms.

Set Discount LTV Parameters for Deal Options

Entity Level Description
Application

This template enables the institutions to define the parameter values needed to generate the discount LTV deal option type.

The syntax of this template should be similar to Set Discount LTV that define <value> percent for deal options.

Set Maximum LTV Parameters for Deal Options

Entity Level Description
Application

This template enables the institutions to define the parameter values needed to generate the maximum LTV deal option type.

The syntax of this template should be similar to Set Maximum LTV that defines <value> percent and decision deal options with <term option> term(s).

The below is a sample screenshot of Deal Options configured through rules.

 

 

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