Binders

In the world of lending, organizing documentation efficiently is key to streamlining processes. LendingWise offers a powerful feature known as "Binders" to enhance your document management experience. This guide aims to walk LendingWise users through the seamless creation of binders, enabling a more organized and effective way to handle loan documents.

What is a Binder?

A binder in LendingWise is a single PDF that combines documents you select from the Docs tab. Instead of sending or reviewing files one at a time, you get one consolidated PDF from the loan file.

Supported File Types

The binder tool supports:

• PDF
• JPG
• PNG

You can select these files from three areas: Uploaded Files & Documents, E-signed Documents, and Auto-Generated Documents.

Not supported

• Microsoft Word documents
• Excel spreadsheets
• Doc Wizard Google Docs and Google Sheets

To include one of these, export it to PDF first, upload the PDF to the loan file, then add it to your binder.

Before you bind

• PDFs must not be password protected or locked.
• Drag and drop files to set the stacking order before building the binder.
• You can drag documents into new positions to change the display order inside the binder.

How to Create a Binder:

1. Selecting Documents: Navigate to the Docs tab within your loan file. Here, you'll find eligible documents for binder creation, categorized under "Uploaded Required Docs" and "Auto-Generated Docs." It's important to note that Custom Auto-generated docs in the Doc Wizard folder require an additional step - download these documents first and then upload them under the required docs section to include them in your binder.

2. Exclusion of Certain Auto-Generated Docs: While the binder tool is versatile, it cannot create a binder using only Auto-generated docs from the Custom Auto-generated section in the Doc Wizard folder. If attempted, an error message stating "Please Select Any Package" will appear.

Troubleshooting:

• Encountering Errors: If you encounter an error message during the process, ensure you've selected files beyond just the Custom Auto-generated documents. Including uploaded required docs or standard Auto-generated docs should resolve the issue.

Benefits of Using Binders:

• Streamlined Documentation: Binders consolidate all necessary loan documents into a single, organized PDF, enhancing the efficiency of document management.
• Versatility: With support for multiple file types, binders allow for a comprehensive display of loan-related documentation.
• Ease of Presentation: Sharing a unified document with all stakeholders simplifies communication and review processes.

The binder tool within LendingWise is designed to streamline the management and presentation of loan documents significantly. By following the steps outlined above, users can easily create comprehensive binders, incorporating a variety of document types for efficient organization. Remember, for a smooth binder creation process, ensure a mix of document types and follow the guideline for including Custom Auto-generated documents.

For questions or further assistance with the binder tool, please reach out to LendingWise support at helpdesk@lendingwise.com. Our team is here to ensure your experience is as efficient and productive as possible.