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.
The ellipsis button will open the Mortgage Lender Database. The Mortgage Lender Database lists the lenders in alphabetical order.
Note: The selected Lender affects what can be selected for Type of Mortgage.Click on the plus icon button beside the name of the mortgage lender to expand the list of branches. The branch name you are hovering over will be highlighted.
You have two options for adding a lender to your file: adding a new lender branch or editing an existing lender branch.
Method 1: Adding a New Lender
Click on the blue Add… link under your selected lender to open the LawyerDoneDeal Web Page Dialog box. Enter the mortgage lender branch information in accordance with the instructions from the mortgage lender.
Note: The blue trash bin will delete the branch entry from the Mortgage Lender Database.Click Add to List as New button to add the branch to the lender database. The branch of the mortgage lender will be added to the list for that mortgage lender.
Method 2: Modifying an Existing Lender Branch
If you want to edit a branch entry, click the blue pencil (beside the trash bin). This will open the current branch information in a popup for editing.
Click the Update Lender List button to update information for an existing branch in the lender list.
As you complete the fields to add a new mortgage, the mortgage tab will appear showing the lender’s name and mortgage position. If you need to add more than one mortgage, click the Add tab to include additional mortgages.
Select Type of Mortgage
RealtiWeb includes the capability to pre-populate the Mortgage Forms and Schedules for many mortgage lenders (this includes the major chartered banks as well as many other lenders). Select the mortgage lenders from the Lender Database.
Select a Type of Mortgage (for example, Alberta - Regular by clicking on the ellipsis button to the right of the Type of Mortgage field).
The Select Mortgage Type box opens. Click on the type of Charge/Mortgage in accordance with the instructions from the mortgage lender.
RealtiWeb provides a link to the Lender site if one is available; see Click here to view documents at Lender Site. This feature allows for quick access to any additional documents that may be needed, such as the Standard Mortgage Terms.
Enter Mortgage Terms Details
You will now complete the fields for the mortgage details as per the lender's mortgage instructions.
Calculating Mortgage Advance
The edit button next to Mtg Adv $ opens up the Mortgage Advance popup window. Enter in the applicable fees, their amounts, and if they are credited or debited.
You will note that the Mortgage Advance amount is calculated, and this amount will form part of your calculations in the Financial tab.
Add a Mortgage Schedule
To add a Charge/Mortgage Schedule, either click on Additional Terms or Click here to go to Lender Schedules.
The LawyerDoneDeal™ Web Page Dialog box opens. Click on the Add button. A new field will appear, where you can add the schedule. Click on the ellipsis button beside the field to select a schedule from the list.
The Select Type box opens. Click on the type of schedule to attach in accordance with the mortgage instructions. The selected Schedule will appear on the screen.
After entering the Charge/Mortgage provisions in accordance with the instructions from the mortgage lender, click Close at the bottom of the Schedule. The Schedule will be included with the Charge/Mortgage.
Note: Always check your schedules and complete any blank data fields (grey boxes). If any fields are incomplete, you must manually enter the data. 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
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