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2017-09-13 - Funding Curve Family for Fixed Rate Spread Lock

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To help our clients who engage in SBA lending, we've added an option in the product settings to allow Administrators to override the regional setting for the Funding Curve Family that is used to calculate the Spread Lock on a fixed rate loan. If certain commercial loan products need to use a Fixed Rate Spread Lock Funding Curve Family that differs from the regional setting, Administrators can check "Override Fixed Rate Spread Lock Funding Curve Family" in the product settings, and then choose the Fixed Rate Spread Lock Funding Curve Family to use for that product. We've also added the option for Administrators to choose Prime as the Fixed Rate Spread Lock Funding Curve Family at the product level.

 

The option to override the regional Fixed Rate Funding Curve Family per product is in the product settings.

 

When you're pricing an Opportunity, you will still see the Fixed Rate Spread Lock Funding Curve Family on the Opportunity Screen by clicking the Spread Lock field next to the Initial Rate Field.

For more information on setting the Fixed Rate Spread Lock Funding Curve family at the product level, see Setting Up Commercial Loan Products. For more information on the regional setting for the Fixed Rate Spread Lock Funding Curve Family, see The Region Edit Screen.

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