Adding a Mortgage (SK)

Adding a Mortgage (SK)

To add a mortgage, open a file and navigate to Mortgages. The Mortgages screen is used to add new mortgages to the file. Assumed and discharged mortgages are handled on the Issues screen.
 
As information is added for the mortgage, the lender's name and mortgage position will appear underneath the file navigation. If you need to add more than one mortgage, click Add to include additional mortgages.

Type of Mortgage

RealtiWeb is programmed with specific lender and loan information to be disclosed in the EFS Form B Mortgage based on lender information and Mortgage Type. Select the Type of Mortgage using the selector icon in the Mortgage Information section of the screen. After selecting a mortgage type, the Payment Provisions section on the screen will populate.

Calculating Mortgage Advance

To calculate a mortgage advance, use the pencil icon to edit the Advance amount. Add the line items under Fee, either typing or using the selector icon. By default all items are debited, but can be switched to credited. Enter the amount of the line item under Amount.

After all the line items have been added, click Set Advance to update the Advance $ with the new amount and close the popup.

Note: The mortgage advance will go to the Purchaser's Adjustments in Financial after being set.

Adding a Mortgage Schedule

To add a Charge/Mortgage Schedule, click on Lender Schedules (near Additional Provisions). The Lender Schedules screen will open. To add a schedule follow these steps:
  1. Click Add. This will add one schedule to the screen.
  2. Use the selector icon to select an existing schedule (set based on the lender and mortgage type for the mortgage). Click on the appropriate schedule to add it.
  3. If the available schedules do not include the one for your specific mortgage, copy and paste the appropriate schedule into the text box. To paste the schedule into the text box, click the text box and select the text (Ctrl+A) and paste the schedule.
  4. Close the Lender Schedules screen or repeat Steps 1-3 until all schedules have been added.

Remove a lender schedule by using the Remove This Schedule button.

Note: Always check your schedules and complete any blank data fields (grey boxes). If a schedule is incomplete, you must manually enter data.

Can't find a lender in our database?
Learn how to add a lender to the database in this article!



    Still can't find what you're looking for?

      Related Categories
      Billing, Accounting Integrations, Admin Functions & Reports

      File Creation, Document Creation, and other general topics

      Province-specific information for AB clients

      Province-specific information for BC clients

      Province-specific information for MB clients

      Province-specific information for ON clients

      Province-specific information for NS clients

      Province-specific information for SK clients

        • Related Articles

        • Adding a Mortgage (BC)

          To add a mortgage, open a file and navigate to the Mortgages screen. The Mortgages screen is used to add new mortgages to the file. Assumed and discharged mortgages are handled on the Issues screen.   As you complete the fields to add a new mortgage, ...

        • Navigating the Mortgage Screen (AB)

          The Mortgage screen is used to add new mortgages to the file. Existing mortgages on title are handled via the Issues screen. Lender selection The first field that should be completed when adding a mortgage is the Lender, using the ellipsis button. ...

        • Accessing Private Mortgage Documents (ON)

          When working with a Private Lender in RealtiWeb Ontario, the Forms 9D and 9E (collectively, the "Forms") were developed to ensure documented communication between lawyers and their clients. Written instructions reduce allegations of miscommunication ...

        • Adding & Updating Records in Lender Database (BC)

          Adding a New Lender Navigate to the Mortgage screen and add a new mortgage. Add a lender by clicking the selection button to open the Mortgage Lender database. This will open the list of available lenders. Click on the expand icon to see the list of ...

        • Lender Schedules & Importing Mortgage Instructions From a Third Party Source (AB)

          This article details additional features available in RealtiWeb Alberta. To access them, navigate to the Mortgage screen.  Versions of Schedules RealtiWeb has bank-issued schedules that can be completed within the system. On the Mortgage button, ...