Complete the Application > Borrower screen as you would for any other file.
To enter a Construction-to-Permanent loan:
1. From within the loan file select Application.
2. Click Loan from your left menu bar.
3. Complete the Loan Information section as appropriate for the loan, using the Construction Type dropdown to select Construction-Permanent.
4. Scroll down to and complete the Note Details section.
a. Enter the Note Rate.
b. Enter Terms as applicable for the loan.
c. Enter the Appraised Value for the property (after construction).
d. Enter the Base Loan Amount.
5. The Ratios section will calculate based on information entered on the Borrower screen in the Loan Information section.
6. Scroll down to and complete the If Construction Loan section as applicable.
a. Use the Period: Months field to enter the construction term or use the Calendar button to select a date range to populate the Days field.
b. Enter an Interest Rate for the construction period.
Note: This information is used to calculate the Interest Only period on the loan.
c. use the available checkboxes to indicate if including MI or Escrow During Construction Period.
Zenly will automatically match the Interest Only Period with the Construction Period.
7. Complete the remaining sections as pertains to the loan.
8. Scroll to the bottom of the screen to review the Payment Schedule, including the Interest Only payments.
