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How to assign a Lender / Capital Source to a Loan File?

There are several ways to assign or indicate a lender or capital source you are using for a loan.

1. The primary and recommended way to setup your lenders/capital sources in the system is as "Internal Loan Programs" (See article on setting up Loan Programs and Internal loan programs here)

Go to Loan Origination > Pipeline - Main and click your loan file. In Admin Info at the top of Quick App or Full App, use the "Select Internal Loan Program" dropdown to assign the Internal Loan Program (Lender/Capital Source), then click Save. 


2. An alternate way to indicate a lender on a loan file is to use "Sub-statuses"

You can create your own custom "Sub-statuses" using the name of your lender. Then you can assign the "lender named" Sub-status to a file.

Similar to an Internal Loan Program, you can enable the Sub-status column in your main pipeline view to easily see loan files with their corresponding lenders. 

Go to Loan Origination > Pipeline - Main and click your loan file. Pick the Sub-Status (Lender/Capital Source) in Admin Info at the top of Quick App or Full App, or on the Admin tab, then click Save.

3. To send deals to these lenders from inside LendingWise, list each one in the Lender Marketplace: create a Custom Loan Guideline (Settings > Platform Settings > Custom Loan Guidelines) with Enable Marketplace Loan? set to Yes, pick the internal loan program, and add the lender under Select Contacts. It then shows up in the loan file's DEAL ROOM > Market Place search when Loan Program Type is set to All.