Internal Loan Programs
Back-office-only programs that overlay an investor's or capital partner's requirements onto a loan.
An internal loan program is a loan program flagged for back-office use only. Borrowers, brokers and loan officers never see it. Use internal programs to manage your back-end capital sources, often called investor overlays.
What it does
A file keeps its borrower-facing loan program and can also carry one or more internal loan programs. Each internal program overlays its own requirements on top of the file's base settings:
- additional form fields on the Quick App, Full App or back-office tabs
- additional workflow steps
- additional required documents
- its own guideline thresholds and warnings
That lets you build a loan to a specific investor's or lender's requirements without touching the program the borrower applied under.
ExampleYou offer a popular bridge program with several investors behind it. Each investor has a few unique guidelines, required fields and documents. Once you know which investor will take the deal, apply that investor's internal program on the file. Their extra fields, steps, documents and guideline warnings switch on, layered over your standard program.
Setting one up
Create the program as you would any other in Platform Settings → Company Info → Loan Programs and flag it as internal. Then give it the fields, required docs, workflow steps and guidelines that partner requires, using the same screens as your regular programs.
Private marketplaceInternal programs are also how you add your own capital providers to a private marketplace, so deal searches match against your investors' guidelines. See Lender Marketplace.
More articles: LendingWise knowledge base: internal programs.
Full detail: in LendingWise, open Loan Origination → User Guide → Loan Programs & Custom Loan Guidelines.
Updated 9 days ago