Introduction to Funding Positions (Classic)

What's a funding position, and why do you need one? This article answers both questions. By the end of this article, you will:

• understand the benefits of a funding position

• learn how to create a basic report

• know how to explore the report and share it with your client

Contents

Prerequisites
Video walkthrough
Why create a funding position?

Prerequisites

None.

Video walkthrough

Why create a funding position?

There are four main reasons reasons.

1. Create quotes quickly. In a couple of minutes, you can have a quote showing key information like costs and repayment figures. Export the document as a PDF with your branding information.

2. Save time. Reuse quote information to create other BrokerEngine documents, like Loan Submission Advice and Ready to Settle Advice. A great time saver to update clients and avoid rollbacks.

3. Help clients. Create a funding diagram to simplify complex deals.

4. Fast cost data. Quickly generate accurate costs with built-in calculators (e.g. Stamp Duty and LMI premiums).