Create A New Source Company

General

Source companies are designed so you can keep track of which companies you receive loans and leases from. You can also filter your searches and reports by those companies to see how the loans and leases you receive from them perform. Source companies can be anything from dealerships that refer customers to you, to companies you use to advertise for loans. If you sign up for our third-party eCheck processors, you can even send funds directly to a source company.

How to

To create a new source company, navigate to Settings > Loan > Source Company > Companies inside your company account.

Create a Source CompanyYou can make changes to existing companies by clicking to edit them. Alternatively, you can click  to delete them. To add a source company click  Add.

Most of the fields for a source company are straightforward, but there are a few fields that are probably confusing. Contact Name is simply the name of your contact at the company. Numbering Prefix and Numbering Suffix work in conjunction with LoanPro’s numbering feature. Usually when you create a new loan or lease, LoanPro will automatically assign the account number. You can choose to have the Numbering Prefix added to the beginning of the number and/or the Numbering Suffix added to the end of the number so that you can tell by the account ID which source company it came from.

You will also see the  icon to the right of the ZIP code fields. You can click this icon to have our USPS integration decode the city and state from the ZIP code. (This feature is not available for Canadian addresses.)

To add a bank account, click either Checking account or Savings account.

Enter the account information and click  Submit to save it.

Once you have entered the source company information, click Save to save it.

 

 

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