Introduction
Exempt Market Dealers (EMDs) are registered securities dealers who facilitate prospectus-exempt transactions. Enabling this setting allows you to monitor and document their involvement within your loans, ensuring accurate record-keeping and regulatory compliance.
Navigating to This Section
Click the Gear icon in the top-right corner to open Settings.
Select Company Settings.
Use the left-hand navigation menu to expand Loan Setup/Origination.
Locate Stakeholder Setup.
Tip: If your company does not engage EMDs regularly, keeping this feature disabled will help maintain a streamlined interface.
Configuring Exempt Market Dealers
Enabling EMD Tracking
In the Stakeholder Setup section, locate the Exempt Market Dealers setting.
Select Yes to activate EMD tracking.
Once enabled, a dedicated EMD section will be available within loan files for documentation and management.
Reminder: Only enable this feature if your firm regularly works with EMDs. If not, leaving it disabled will simplify the interface and reduce unnecessary data fields.
Managing EMD Details in Loans
Once enabled, you can record EMD-related information within each loan file.
Use this section to document compliance details, transaction specifics, and regulatory requirements.
FAQs
What are Exempt Market Dealers (EMDs)?
EMDs are licensed securities dealers that facilitate private market investments exempt from standard prospectus requirements.
When should I enable EMD tracking?
Enable this setting if your firm actively engages with EMDs for private market investments and requires a structured way to track their involvement.
Can I disable EMD tracking later?
Yes, you can turn off EMD tracking at any time. However, any previously recorded EMD data will remain within existing loan files.
Does enabling EMDs affect other loan settings?
No, enabling this feature only adds a dedicated EMD tracking section within loans and does not impact other loan setup configurations.
Need Further Assistance?
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📧 Email: support@mortgageautomator.com
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