The Financial Snapshot provides a comprehensive overview of a borrower's financial details like loan data and equity information in a single view. It helps loan officers quickly assess a borrower's financial status.
Steps to Utilize the Financial Snapshot.
The Financial Snapshot is available for all users and can be accessed from the following areas:
Individual Contact Page → Transaction Table
Transaction Modal Popup → Editing a Funded Transaction
To Access the Financial Snapshot
From the CRM Dashboard, In the Scoreboard page To select the Funded tab under the Pipeline section.
Select a funded transaction loan record and click the Contact Profile to open the individual Contact Details page.
On the Contact Details page, click the Financial Snapshot button located in the top-right corner.
Header Section
Borrower Information and Property Information are you can view in the top.
Loan Details – Displays key mortgage information, including the Loan Type, Originated, Time in Home, Remaining Term, Credit Score, and Next Review , providing a quick overview of the borrower's current loan status.
Financial Position
Current Balance
The borrower's outstanding current loan balance is showing in the top and the original loan amount is displayed in the bottom.
Calculations:
Interest Rate
The borrower's interest rate is present the top and the current market interest rate is present in the bottom.
Monthly Payment
Indicates the monthly EMI amount based on the borrower's loan amount.
Private Mortgage Insurance (PMI) Status
Displays whether PMI is currently Yes or No.
Home Value
The Home Value is entered manually by the loan officer.
Estimated Equity
The Estimated Equity calculates by.
Estimated Equity = Home Value − Current Balance
Appreciation
It measures how much the property's value has increased since its original purchase.
Calculation
Appreciation Amount = Home Value − Purchase Price
Appreciation Percentage = (Appreciation Amount / Home Value) × 100
Loan-to-Value (LTV)
The LTV card represents the relationship between the remaining loan balance and the property's current market value.
Calculation
LTV = (Current Balance / Home Value) × 100
Opportunity Section and Rules
The Opportunity section automatically evaluates the borrower's financial information and recommends potential mortgage opportunities based on predefined business rules.
PMI Removal | PMI is Active AND LTV < 80% | "PMI removal may be available." |
Refinance Opportunity | Current Rate > Market Rate + 0.25% | “Rates have come down since you closed — want me to run the numbers?” |
HELOC | Estimated Equity > $100,000 | "You've built $280K in equity—a HELOC gives you flexible access without refinancing." |
Cash-Out Refinance | Estimated Equity > $100,000 | "If you're thinking about renovations or debt consolidation, a cash-out refinance could help you access up to $125K in equity." |
Advisor Notes - Automated Message Rules
The Advisor Notes section automatically generates personalized recommendations based on the borrower's financial profile. Each note is created by evaluating predefined business rules and is updated whenever the qualifying conditions are met.
PMI Removal | PMI is Active AND LTV < 80% | "PMI removal may be available." |
Refinance Opportunity | Current Rate > Market Rate + 0.25% | "Refinance discussion may be beneficial." |
HELOC | Estimated Equity > $100,000 | "HELOC or cash-out refinance opportunity may exist." |
Cash-Out Refinance | Estimated Equity > $100,000 | "Client has built strong equity ($X)." |
Example:
If multiple conditions are satisfied, the Advisor Notes section combines all applicable recommendations into a single message. The advisor notes as follows:
Client has built strong equity ($280K) with a solid payment history. Refinancing may be beneficial based on current market rates. A HELOC or cash-out refinance opportunity may be available.
If you have any further questions, feel free to reach out to our coach on call—our team is always ready to assist..
- Accountable Support