Use this section to configure options that are specific to product change requests.
NOTE: Make sure that you also configure the general change request options, as described in the Configure General Change Request Options section.
Choose the appropriate investor from the Entity Selection menu, and choose Change Request from the Activity Selection menu.
Complete the fields in the Product Changes section:
- Total Product Changes Allowed Per Loan—Enter the total number of product changes allowed per loan.
NOTE: If the number of change requests exceeds the Total Change Requests Allowed Per Loan, an originator cannot perform a product change, even if the total number of allowed product changes has not been exceeded.
- Cost—Enter the cost for the product change, if any.
NOTE: To worsen the price, enter a negative value.
Click the Update Configuration button.