The Employment and Assets Tabs will contain current and previous employment history along with any assets disclosed by the borrower.
On the Employment Tab, when a user completes the Name of Employer, Address, City, State and Zip fields, the LOS will automatically retain the information for future use. On the Asset Tab, when a user completes the Institution, Address, City, State and Zip fields, the LOS will automatically retain that information for future use. This information will be retained in the system for one year.
For subsequent use, the information can be accessed by typing in the first few letters of the Employer or Institution name and a rolodex will appear. When the user makes a selection from the rolodex list, the retained information populates. Next to Name of Employer on the Employment Tab and Institution on the Asset Tab, there is a Hide hyperlink. Clicking on this hyperlink will hide the rolodex when a user is typing in these fields.
On the Employment Tab, if the Years on Job field is blank or less than two years, a message window will display notifying the user that a minimum two year employment history is required. Clicking OK will direct the user to the new tab while Cancel will keep the user on the Employment Tab to complete the work history. The Add Secondary/Previous Employer button will populate fields to add additional employment.
On the Asset Tab, the Copy Institution From Previous button will copy the Institution Name, Address, City, State and Zip fields from the information directly above. At the bottom, left side of the Assets Tab, there is an Add Assets button that will populate additional fields to input more asset information.
Tip: If the Asset Type drop-down list displays Gift or Gift of Equity, the values will populate to the FHA Transmittal > Gifts section.