Skip to main content

Apr 24, 2024 - Release Notes

The release notes and feature updates for April 2024

Updated over 10 months ago

Funds

Tiered and Fixed Rate Classes

You can now create Tiered and Fixed-rate classes within funds. Tiered rates allow you to provide investors with improved yields when they contribute more capital to the Fund.

Simple Interest Calculation

You can now calculate distributions to your fund investors using a simple interest calculation. The calculation uses the investment's applicable yield rate in the fund. You also have the option of selecting either a monthly or quarterly distribution schedule.

Distribution

Instead of manually calculating distributions, you can now record distributions back to your investors from within a fund using the simple interest calculations you set within settings.

Ranges and Improved KPI's

You can now record the period start and end dates when applying a distribution.

Settings

The new settings tab within Funds allows you to select either manual or simple interest calculations for distributions and to select between a monthly or quarterly distribution schedule.

Export Button

You can now export the Fund Portfolio and all the transactions within a fund. The export will be a .xls file mirroring the table you see within your distribution tab.


Reports

Draw Requests

You now have the option to see a report of all draw requests made against all of your loans.

All Loans - Trust Transactions

You can now see a report of all the movements of funds within the trust accounts for all loans instead of just specific loans.

Unpaid Charges

You now have access to a report listing all unpaid charges on your loans within Baseline.

Custom Reports (Beta)

You can now create Custom Reports in Baseline. Hit the blue 'Create Custom Report' button at the bottom right-hand corner of the reports section, and you'll be taken to a custom report builder. Custom reports have the previous day's information and are updated once a day.


Loans

Custom Spread Allocation

This new feature gives full control over the allocation of loan spreads, including customizable time frames.

You can specify who will, by default, receive any surplus or deficit spread in the Settings.

Comments on a loan

Enhance your loan management and origination experience by adding comments and tagging your colleagues in them.

βœ… Tagged people receive an in-app and email notification.

Funding

We've improved the funding tab with an advanced visualization of the committed and released capital amounts for each loan.

You now have the option to release a portion of your capital, providing you with greater flexibility.

Draw Request

You can now release capital from within the draw approval process. Go to an approved draw and click Release payment to see the funding options.

Quotes (Beta)

You can now generate a new quote using the information on a loan. Simply click the 'Generate Quote' option under 'Actions' in the general tab of a loan.


Payouts

Reverse a Payout

You can now reverse a payout from within the payouts section. Simply select the payment, click the '...' button on the right of the payment, then hit 'Reverse'.

Offerings

Fund Offerings

Empower your investors with the new Fund Offering option. Give them the chance to participate directly from the Investor Portal and take their investments to the next level.

Settings

Borrower Statement Customizable Footer

You can now customize the footer on your borrower statement in addition to the other documents where this was already possible. Access this option through Settings > Portal Settings.

Did this answer your question?