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VENTURES
SBA Lenders - New Blanket Lien Collateral Type
We added the new Blanket Lien collateral type from CAFS into Ventures. Click here for our article covering how to add a Blanket Lien Type. You can map Collateral Types in Ventures using the SBA Collateral Type dropdown in Administration > Reference > Collateral > Collateral Types.
When the collateral is mapped to that SBA Collateral Type, more fields will be displayed on the Lien Recording tab and be sent to ETRAN. It will then be merged to the Terms & Conditions.
504 SBA Lenders - *Required* Certification added for submissions
In order to align with required ETRAN certifications, Ventures has added a new certification that needs to be answered when submitting applications. This certification matches the new certification found in the Eligibility section in an ETRAN 504 application: CDC Agreements and Certifications has been signed by the CDC Official.
7(a) SBA Lenders - 1112 Supporting Documents bucket added for Post Approval document uploads
You will now see a 1112 Supporting Documents bucket under Post Approval submission types. 7(a) lenders use this bucket to upload files for PIIA.
Ventures/BMI Document Storage users - Assigning Entity and/or Contacts
In Documents > Store, users can now assign both an entity and contact with Document Types that have a Related Entity set to Entity/Contact in Administration. Previously, users could only assign an entity or a contact on a document upload into document storage with this setting. The field has been broken out into two separate lines, where before it was one.
FlashSpread Users - Period details added to Bulk Import view
In Utilities > Other Imports > Financial Statments, you can now expand a row to show columns below for each period created/updated from the imported document. For a refresher on Flashspread Bulk Imports, read KB FlashSpread Bulk Import.
- Log#
- Reference Name
- Period End Date
- Description
- Added On
FlashSpread Users - Automatically linking imported Income Statement data
Debt payments and Personal Excess Cash Flow values on the income statement will now be linked automatically when using FlashSpread v2. Previously, this had to be manually linked. Now, the import process will be more automated.
Site Administrators - Administration Snippet updates
We have updated our Snippet administration menu to be a more intuitive experience for Site Administrators by renaming narrative fields to easily identify where the narrative exists in Ventures. For a refresher on how to administer snippets and narrative field mapping, please review our KB Creating Text Snippets.
PAYMENTS
Bulk Letters parameter added - Payment Past Due
Payment Past Due is available as a new bulk merge parameter that can be added to your custom web template. This parameter will merge criteria based on a range of days for # of Days Past Due when generating emails/letters in bulk. You could use this feature to email out late payment notices to borrowers based off a number of days past due.
Next Payment Due filter update
Options have been added to the Next Payment Due filter for due on the 1st, 7th, 15th, 30/last day of the current calendar month. Previously, the only options were due on the following month.
