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 only to Loan Officers and can be accessed from the following areas:
Scoreboard → Pipeline Tab → Funded
Individual Contact Page → Transaction Table
Transaction Modal Popup → Editing a Funded Transaction
Follow-Ups → Transaction Anniversary (Both Today & Future)
To Access the Financial Snapshot
Sign in to Accountable CRM as a Loan Officer and open the Funded tab from the Pipeline section on the Scoreboard page.
Select a funded transaction loan record by checking the checkbox, then click the Financial Snapshot icon. The Financial Snapshot modal popup will open.
Header Section
Borrower Information - At the top of the Financial Snapshot, you can view the transaction borrower name.
Property Information - Includes the complete property details like Street, City, State and ZIP Code.
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 and Calculations
The Financial Position section provides a summary of the borrower's current mortgage value.
Current Balance
Main Text : It provides an overview of the borrower's outstanding loan balance.
Sub Text : The original loan amount is displayed as additional reference below the balance.
Calculations:
Interest Rate
Main Text : It identifies the borrower's interest rate.
Sub Text : The current market interest rate is displayed as a comparison below the loan rate.
Monthly Payment
Indicates the monthly EMI amount based on the borrower's loan.
PMI Status
Displays whether Private Mortgage Insurance (PMI) is currently Active or Inactive.
Home Value
It represents the property's current market value. The Home Value is entered manually by the loan officer.
Estimated Equity
The Estimated Equity calculates the borrower's current ownership value in the property and includes the equity percentage
Calculation
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
A PMI Removal recommendation is generated when both of the following conditions are met:
PMI Status is Active.
Loan-to-Value (LTV) is less than 80%.
Refinance Opportunity
A Refinance Opportunity is generated when the borrower's Current Interest Rate is more than 0.25% higher than the current Market Interest Rate.
Current Interest Rate > (Market Interest Rate + 0.25%)Example:
Current Interest Rate = 5.50%
Market Interest Rate = 3.50%
Threshold Rate = 3.75% (3.50% + 0.25%)
Calculation
5.50% > (3.50% + 0.25%)
5.50% > 3.75%
Since the condition is met, the following recommendation is displayed
Refinance Opportunity“Rates have come down since you closed — want me to run the numbers?”
HELOC
A HELOC (Home Equity Line of Credit) recommendation is generated when the borrower's Estimated Equity exceeds $100,000
Example:Estimated Equity: $283,701 - Since $283,701 > $100,000, the recommendation is displayed.
Recommendation
"You've built $280K in equity—a HELOC gives you flexible access without refinancing."
Cash-Out Refinance
A Cash-Out Refinance recommendation is generated when the borrower's Estimated Equity exceeds $100,000.
Example:Estimated Equity: $283,701 - Since $283,701 > $100,000, the recommendation is displayed.
Recommendation
"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.
Estimated Equity > $100,000 | "Client has built strong equity ($X)." |
PMI is Active AND LTV < 80% | "MI removal may be available." |
Current Rate > Market Rate + 0.25% | "Refinance discussion may be beneficial." |
Estimated Equity > $100,000 | "HELOC or cash-out refinance opportunity may exist." |
Example:
If multiple conditions are satisfied, the Advisor Notes section combines all applicable recommendations into a single message.
Advisor Note:
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