Loan Application Customization
We’ve added a new feature to streamline your loan application process by allowing you to limit borrower and guarantor types:
Borrowers: Choose to accept only Corporate Borrowers, only Individual Borrowers, or Both.
Guarantors: Select between accepting only Individual Guarantors or Both (Corporate and Individual).
This feature dynamically adjusts the application form to display relevant fields based on your selection, ensuring a tailored and efficient application process for both lenders and borrowers. Configure these settings directly within the Borrower Details and Guarantor Details sections of your loan application settings.
Mark Loan as Sold
The Marking as Sold functionality is now available. It enables users to update loan statuses for sold loans directly from the Pipeline or Servicing section, ensuring accurate tracking and reporting of sold loans.
Calculated Fields:
We’ve introduced Calculated Fields, enabling you to define dynamic formulas within loan products and custom fields. Automate complex calculations like ratios, payment schedules, and financial metrics, ensuring accuracy and consistency across workflows. These fields update dynamically and integrate seamlessly with mapped data for an efficient and error-free experience. Configure your formulas directly in the Products or Loan Customization sections.
