Float Down Change Requests

In order to request a float down for a locked loan, follow the steps below.

For additional information see either the  Change Requests – Loan Originator User Guide  or the Loan Originator User Guide.

  1. Select a locked loan from your pipeline, and click the Change Request icon.

  2. Click the Float Down radio button.

  3. Choose the appropriate lien and click the Select Rate and Price button.

  4. The search results display with current market pricing.

  5. Click the Show link next to the product that you want to select. The currently selected product displays in bold text.

  6. Select the appropriate rate from the grid. The system highlights the currently selected rate in orange.

  7. Review the changes in red on the Submit Change Request screen. To submit the change request, click the Submit button. The system sends an email notification regarding the change request to the secondary users.

NOTE:  If your Optimal Blue administrator has configured your system to auto-accept float down change requests, you apply the float down by clicking the Apply Change button. 

You receive an email notification when the change request is accepted. The status of the change request updates in Optimal Blue.  

  1. On the confirmation dialog box, click OK.

NOTE:  You receive an email notification when you submit the change request and when the secondary user accepts or rejects the change request. The status of the change request updates in Optimal Blue.  

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