Loan Guidelines
Each loan program's thresholds, allowed drop-down values and default fees, which warn on out-of-policy deals and keep bad data out of your web forms.
Platform Settings → Custom Loan Guidelines (Manager role) holds the rules each loan program lends by. It appears when your account has the real-estate lending or business-funding module. Each program is configured separately, so a bridge loan and a DSCR rental don't share an LTV ceiling.
Three jobs on one screen
| Part | What it does |
|---|---|
| Guidelines | Sets thresholds and warns when a deal falls outside them. |
| Drop-down controls | Limits which values a drop-down offers for this program everywhere it appears, including your Quick App and Full App web forms. |
| Marketplace | If Marketplace is enabled, lets eligibility searches match against your program and routes financing requests to its contact. |
What a program's guidelines hold
- Limits: min/max loan amount and rate, credit score range, max origination points, loan term, down payment, max LTV per transaction type plus max LTV after rehab, total LTC, min DSCR, rehab % financed, experience requirements, prepayment penalty, extension options and rate lock period
- Credit seasoning: bankruptcy, foreclosure, time in business
- Deal shape: allowed transaction types, property types, borrower and entity types, occupancy, states, exit plans and amortization
- Default fees, with hold back and pre-paid treatment per fee
Guidelines warn, they don't block
When a deal falls outside the guidelines, the file shows a guideline warning on loan amount, rate, FICO, experience, points, LTV, LTC or ARV. The file still saves. Exceptions get recorded instead of being worked around in a spreadsheet. That's why it pays to set guidelines tightly: loose thresholds never warn and tell you nothing.
Drop-down controls and defaults
Choose which values each drop-down offers for the program, and optionally a default pre-selected on new files. A DSCR program can offer only the property types you lend on for rentals.
Enabling nothing means enabling everythingIf no values are enabled for a field, the full list applies, not an empty drop-down.
Default fees
Fees set here come onto a file when someone applies the program and accepts the prompt to bring in fees. That's what makes a same-day term sheet realistic, and it keeps two loan officers from quoting the same product two ways.
Marketplace
Programs can carry the parameters that let marketplace searches match against them. Each program can be published or held back individually. With the public listing add-on, your programs can be shown to other LendingWise users. See Lender Marketplace. To be listed, contact [email protected].
Full detail: in LendingWise, open Loan Origination → User Guide → Loan Programs & Custom Loan Guidelines.
Updated 10 days ago