Phase 1 of passing Interim Lender Wiring Information to ETRAN has been completed. Information entered in the Closing Requirements > Servicing Agreement menu used to populate SBA Form 1506 Servicing Agent Agreement can now be passed to ETRAN using Ventures.  Phase 1 involves the following:

• The key to a successful passing of data is the Partner Location ID.  The lender listed within Recipient Bank Account  must match your Interim Lender’s Partner Location ID as shown in the Financing > Financing tab.

• The Interim Lender identified within Financing > Financing would be the lender you see in the CAFS ETRAN platform.  

   

• Only Recipient Bank Account information is being passed to CAFS ETRAN platform

If you used Ventures for the submission of your application, the Interim Lender should already be within ETRAN however there will be loans where the Interim Lender is not in ETRAN and/or the Recipient Bank is different than the Interim lender.  We hope to address those cases in Phase 2 as additional enhancements to this feature.

The steps to achieve a successful submission are as follows:

• Input the Interim Lender’s wiring information in Closing Requirements > Servicing Agreement

   

• Verify that you’re using the same Interim Lender as in the Financing > Financing tab

   

• Click on SBA Submission > ETRAN > hyperlinked Loan Number

   

• When the table of submissions appears, click on Next (lower right hand corner)

   

• Input your CAFS credentials when prompted and click on Next

   

• Input the Lender Contact (if not already completed) and answer the Adverse Change via a Yes or No selection.  Click on Next

   

• A summary of what will be transmitted will appear on the screen.  Note that the Participating Lender section.  The Location ID is the KEY component to a successful transmission.  

   

• Click on the green Submit button