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Linking a Piggyback 2nd lien to the 1st lien in FT360

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Mindi Bartley
  • June 30, 2021 08:45
  • Updated
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To link and sync a piggyback 2nd lien to the 1st lien follow these instructions below.  Please note, upon creation of a piggyback 2nd lien using the Piggyback Tool, it will automatically link to the 1st lien unless manually "unlinked" by user, but then may not "sync" info properly.

  • After creation of the 1st lien, Create 2nd lien from Prospects folder as a stand alone. Create 2nd lien using First Name, Last name ZZZ  and lien position 2nd. Save and exit loan.
  • Open 1st lien and navigate to the Borrower Summary Screen > Sub Financing Tab
  • That will bring up the Subordinate Mortgage Loan Amounts pop up screen
  • Click the “Link to Loan” tab in the Loan linked to current transaction section
  • That will bring up the Link to a Loan pop up screen
  • Click on the Last Name column header to sort loans by last name (for easier location) and locate ZZZ to easily locate your loan.
  • Locate the piggyback 2nd lien in the appropriate Loan Folder Dropdown (such as Prospects or My Pipeline)
  • Highlight the desired loan > Click the Link tab

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