Draw and advance documents help communicate the details of an additional loan or advance to clients, lawyers, and internal users. These documents can be automatically generated as part of the advance workflow.
Configure Company Settings
Click the Gear icon and select Company Settings.
Select Company Settings.
Navigation to Loan Servicing > Additional Loans/Advances> Document Configurations
There are 6 draw-related system templates that can be used during the advance.
Commitment
Lawyer Instructions
Lawyers Distribution
Lien Waiver
Advance Receipt
Admin Agreement for Additional Loans/ Advances
Select the checkbox beside each document you would like to use. To make a document mandatory, enable the Required option.
Once you have selected your desired documents and settings, click Save.
Note: When marked as Required, the document must be confirmed before the advance can be finalized. If left unchecked, confirming the document will remain optional.
Tip: If you would like to create a custom document instead of using our defaults, you can do this by creating a PDF Template.
FAQs
Q: Can I use these documents with DocuSign?
A: Yes. All advance documents are compatible with DocuSign and can be sent for electronic signature.
Q: Are my existing documents already configured to include draw information?
A: System documents are preconfigured to include draw information. If you are using a custom PDF you will have to add the draw variables.
Q: I have created a custom document. Why is it not being used for advances?
A: For a custom PDF document, configure the conditions as follows: Show document only if any of the following conditions are met > Additional Loan/Advance Process Started