Baseline provides the flexibility of adding trust accounts and customizing their name. These trust accounts enable you to track money held on behalf of borrowers on each Loan. Once added, they are available on all the loans for all the products.
💡 It is common for lenders to use two trust accounts, one for prepaid interest received at closing and another for Construction or Rehab Holdbacks
To add or Edit the Trust accounts:
Go to Business Profile
Scroll to the Trust Accounts Section
Click Add Trust to add a new account
To edit the name, click on the ellipsis.
👉 Baseline will not connect these trust accounts to your bank account.
For more information, contact Baseline at
[email protected]
