Introduction
Configuring Income & Expenses settings allows you to control which financial fields appear during mortgage processing. This helps simplify workflows by enabling only the essential fields while keeping all existing data intact for future use.
Navigating to This Section
1. Click the Gear icon in the top-right corner to open Settings.
2. Select Company Settings.
3. Use the left-hand navigation menu to find and expand Loan Setup/Origination.
4. Locate Property Fields.
Tip: If you cannot access Property Fields, ensure you have the necessary permissions or check with your administrator.
Income and Expenses
Best Practice: Only enable fields that are essential to your business needs to keep the interface streamlined and reduce unnecessary clutter.
Setting | Description |
Property Tax | Enables the Property Tax section for the primary and secondary properties. |
Monthly Rental Income | Appears when Occupancy is set to Rental, Owner-Occupied/Tenanted, or Second Home. |
Condo Fees | Available when Tenure is set to Condo or Leasehold. |
Heating Expenses | Enables the Monthly Heating Expenses field for the main property. |
Note: Disabling a field hides it from view but does not delete existing data. You can re-enable it at any time as business needs evolve.
FAQs
Why should I customize Income & Expenses fields?
Customizing these fields helps improve workflow efficiency by displaying only relevant financial information, reducing unnecessary data entry.
What happens if I disable a field?
Disabling a field hides it from view but preserves all data. You can re-enable it anytime.
Can I change these settings for specific loans?
Yes, you can adjust settings for individual loans while maintaining a default configuration for most cases.
Need Further Assistance?
For additional support, contact us:
📧 Email: support@mortgageautomator.com
💬 Live Chat: Click the question icon at the top-right corner of your screen.