oPOS: Forward Lock

The forward lock is a streamlined version of the standard lock designed to take advantage of a particular loan product before providing the initial loan information.  

Table of Contents  

• Overview

• Summary

Overview

The forward lock feature allows the user to place a lock on a loan product for a limited time while they shop for rates. This feature appears on the "Pricing Results" page.

To place a lock on the selected loan product, open the Apply drop-down menu and select Submit Lock (Added in 6.0.1000)

Note: the forward lock feature is a privilege setting that must be enabled by a system administrator. 

Summary

The forward lock is a streamlined version of the standard lock that allows the user to bypass completion of the loan information for a limited amount of time in order to take advantage of a specific loan product