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Showing articles from ownership tag

Payments: How to add a new Owner/Investor/Pool

Q: How do I add a new owner, investor, loan fund, or loan pool so that it appears in the Change Ownership drop-down menu when trying to add them to a loan record? ![][1] A: You will need to add them within the **Payments** Main Menu > **Ownership **menu. The steps for doing this are provided below. * Click on the…

Payments: How to track one Loan Pool or Loan Fund per loan without Ownership module

If you **DO NOT** have **Payments: Ownership **(a_dd-on module),_ you can still track and report on a loan fund or loan pool if they funded/own 100% of the Amount Financed. **ACTION ONE**- _Set up Associated Transaction_ 1) Within the loan go to the **Associated Transactions **menu 2) Click **+Add** 3) Select **Fu…

Payments How to add an Owner/Investor/Fund when boarding a payment account

This KB article will give you instructions on how to add an Owner, Investor, or Pool/Fund when boarding a payment account. This process is for clients that have the Ownership piece. You can always add an Owner, Investor, or Pool/Fund after the payment account has been boarded. Please board the payment account followin…

ETRAN: Principal and/or Contact Ownership Requirements

The ETRAN platform has several MANDATORY fields for contacts when presenting them as owners for an entity within ETRAN. The following is a list of required data points that are required: * First Name * Last Name * TIN * Controlling Interest Management * Guarantee Type * Citizenship * Ethnic * Gender …

Bulk Actions: Using Apply Payments

Using Apply Payments # This action is intended for posting payments in bulk for loans on ACH. You can only post a Regular Payment amount or the Total Amount Due amount. This is designated in the Payments > Billing > ACH Billing Method field for each loan. If nothing is selected, the system will default to posting th…

7A Community Advantage Loan Sale

This article will show how to record a 7A Community Advantage Loan Sale on the Secondary Market within Ventures. **If you have Payments and the 1502/Investor module, please follow the procedure below:** **STEP ONE: Add Ownership Transaction** 1) Go to loan that has been sold, click on Payments > Ownership 2) Clic…

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