Company Settings > Custom Loan Guidelines tab

This feature lets you control loan-level & borrower level parameters specific to a loan program. For example, for loan program= fix & flip, you can set allowed transactions type to purchase & cash out refi, set the property types you support, loan terms, occupancy requirements, and eligible States. These changes will control the values in the drop-down form fields, hence acting as an eligibility filter for your webform and avoiding the entry of ineligible deals for any logged-in user.

Other parameters in loan guidelines allow you to set the min & max loan amounts, min/max points, min/max rate, max LTV on a purchase, cash-out refi, rate/term refi, ARV, which shows a Guideline Warning on the Loan Info tab when a loan goes past the guidelines, for example: "The Maximum LTV Set In This Program's Guidelines Is 60. The Current LTV Is 70."

Additional Purpose: Lender Marketplace listings

When a guideline has Enable Marketplace Loan? set to Yes, it becomes a marketplace lender program that the Lender Marketplace can match loans to. To add your own lenders or capital providers, create an internal loan program for each of their products, then a guideline for it with Enable Marketplace Loan? set to Yes and the provider picked under Select Contacts. The marketplace feature can be private to only enabled users. When working on a loan, your back office team will be able to see all loan programs that match, as well as loan programs LendingWise suggests from other direct lending or capital providers. You will be able to submit loan scenarios directly to the lenders in the search results. 

Where to find it: Settings > Platform Settings > Custom Loan Guidelines. To set the dropdown values (and defaults) offered on new files, click Edit, then Configure Available Values in Dropdown Fields. For example, "Calculate Base Loan Amount as" can default to "Lesser of Purchase Price or As-Is Value".