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Setup control accounts for an originator group
The financial control accounts are linked to a warehousing entity and all control accounts are setup at warehouse entity level. Finance companies will need to indicate which control accounts are used for fees (like establishment fees, management ...
Finance agreement finance detail change reason
Finance agreement finance detail change reasons are pre-defined reasons that the finance company can define that can be used by team members when they modify the financial details on a finance agreement. 1. To create a reason, navigate ...
When does an application become a finance agreement i.e. when is it purchased
An application becomes a finance agreement i.e. it is purchased / draw down the application has been approved by the credit team the listing / application has been funded i.e. by investors or by the finance company, whoever is funding it if required, ...
Edit, assess and evaluate applications
Once applications have been submitted by the borrowers they can be assessed by the credit assessors and evaluated in order to determine if finance will be granted 1. Navigate to Home Pages > Borrowing: NOTE: If the application number is known, the ...
Release Notes - 201830 - Broker Channel
Release 201830 – Broker Channel (SocietyOne) Release Date May 2018 1. Summary Finance Companies would like to use the broker portal to allow brokers to create applications for unsecured loans to be submitted to the finance companies. Although ...