The Edit Loan Number screen allows the user to edit the system generated loan number and the MERS MIN number on a loan.
The title of the screen states Application Number And MERS MIN Number Update. Below the title the Current Loan Number, Current MERS MIN Number and the Borrower Name display. In order to update the existing loan number the user will enter a New Loan Number and make a MERS MIN number selection from the three radial dial choices below:
· Auto-generate the MERS MIN Number: Generate a new MERS MIN Number if the Loan Number has been changed. It will not allow users to manually edit the MERS MIN Number.
· Manually enter MERS MIN Number: Edit the MERS MIN Number. The system will not overwrite the number with an auto-generated MERS MIN Number.
· This loan does not have a MERS MIN Number: Remove the MERS MIN Number from the loan.
Click Submit to save the changes. A pop-up window will appear asking: Are you sure you want to proceed with the changes? Click OK to save the changes and Cancel to remove the changes.
Once the loan number has been updated, the new loan number for the loan file will display on the Loan Dashboard, Loan Summary, and Loan Pipeline.
Click Cancel to void the change request and return the display to the Loan Dashboard.
Loan History shows the Loan Number and MIN were modified; however the old loan number is not noted.
Loan and MERS MIN number Update