Introduction
Investor settings allow you to customize loan structures by assigning default investors, automating payout schedules, and enabling management fees and tax deductions. These settings ensure consistency, accuracy, and efficiency in investor transactions.
Navigating to Investor Settings
Click the Gear icon in the top-right corner to open Settings.
Select Company Settings.
Expand Loan Setup/Origination in the left-hand navigation menu.
Click Stakeholder Setup.
Tip: Configuring default investor settings reduces manual data entry and ensures consistency across all loans.
Configuring Investor Settings
Investor Defaults
Setting | Description |
Default Investor | Automatically assigns an investor to new loans, reducing setup time. |
Default Payout Day | Sets a specific day of the month (e.g., 15th) for investor payments, ensuring consistency. |
Investor Management Fees and Taxes
Setting | Description |
Enable Management Fee | Applies an automatic investor management fee to each loan. |
Charge Investor Management Fee by Default | Ensures the fee is applied automatically when setting up a loan. |
Apply Sales Tax | Sets a default tax rate on investor payments for automatic deductions. |
Charge Investor Fee/Taxes on Interest Adjustments | Includes fees and taxes when interest is adjusted (e.g., at funding). |
Management Fee Interest Adjustment on Partial Paydowns | Recalculates fees if loan terms change due to paydowns, draws, or rate adjustments. |
Enable Tax Withholding | Adds a "Withhold Tax" checkbox in the loan's investor section to specify a tax deduction rate. |
Reminder: Ensure that management fees and tax settings align with investor agreements and regulatory requirements.
Additional Investor Settings
Setting | Description |
Allow Different Interest Methods per Investor | Allows each investor to use a distinct interest calculation. |
Internal Account Number | Displays an internal tracking field in investor profiles. |
Funds Deposits/Withdrawals (Non-MIC) | Enables deposit and withdrawal tracking for non-Mortgage Investment Corporation accounts. |
Corporate Investors | Marks an investor as a corporation for classification purposes. |
FAQs
What is a Default Investor?
A default investor is automatically assigned to new loans, reducing the need for manual selection.
Can I change an investor’s payout schedule?
Yes, you can modify the payout schedule per loan, but the default payout day applies unless overridden.
Do tax settings apply to all investors?
Yes, the configured tax settings apply by default, but you can adjust them on a per-loan basis.
Can I enable different interest methods for different investors?
Yes, enabling this option allows investors to use distinct interest calculations rather than defaulting to the borrower's method.
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.