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Override Purchasing Decision using uPortal360

NOTICE - Increase Line of Credit - Custom ConfigurationThe Increase Line of Credit Feature is only available to certain program types and configurations.

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Increase Line of Credit Feature

When an applicant is approved, select Loan Options. Screen Shot 2021-10-19 at 12.05.19 PM On the Charge Entry screen, if your program configuration allows, you will see the “Increase Line of Credit” button. Screen Shot 2021-10-19 at 12.18.00 PM.png Click the “Increase Line of Credit” button to open the Increase Line of Credit feature. Screen Shot 2021-10-19 at 12.07.29 PM.png This will show you the following information: Full Increase Line of Credit Documentation

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How to Override Purchasing Decision

If a “NOTE:” is present in the Increase Line of Credit popup, read the verbiage to see the maximum threshold of credit line that will be purchase eligible. For example, if the NOTE says “If the new credit line is over $2,500.00, the account will not be eligible for purchase. The credit limit cannot be raised above the max allowable below.” In practice, if you were to request a line of credit higher than the amount listed in the “NOTE:” section, the account will no longer be eligible for Purchase and will automatically be decisioned for Servicing. Screen Shot 2021-10-19 at 12.33.23 PM.png In this example, if we request to raise the credit limit to 3000,whichisabovethe3000, which is above the 2,500 purchase eligibility limit, the amount of credit will be raised, and when the account is assigned it will not be eligible for purchase. Screen Shot 2021-10-19 at 12.38.00 PM.png