A funding position collects key data about your client's loan needs. The position includes the amount to be borrowed, acceptable interest rates, affordable repayments, loan terms, and repayment frequency. Using a funding position lets you easily compare lender products with different deposits, loan terms, and servicing options.
Contents
Prerequisites
Know how to create a funding position.
Opening a funding position
Open the lead or deal in full view mode.
Go to the side menu and expand the Strategy folder.
Click the Funding Position tab.
The Funding Position panel displays three modes: Regular, Formal, and Settlement.
Selecting a mode
A funding position mode can change depending on the progress of the lead or deal.
Regular - Preparing new funding position options to present to your client.
Formal - Cross-referencing deal information on Formal Approval via check boxes against relevant Funding Position fields.
Settlement - Cross-referencing deal information on Settlement via check boxes against relevant Funding Position fields.