Multiple images can now be added to document templates. To add image files to the list of insertable images go to 'Admin->Document Settings' and select the 'Other' tab.
Added a new application download module so applicants can download files as a part of the application process.
Loan documents can now be emailed directly from the docs tab. To enable a document for emailing, go to the document settings and edit the document type, there are options to enable it and set the subject and body of the email that delivers the document.
If you're doing construction loans, we now have 'Credit Obligations'. These allow you to setup future obligations to a loan and then relieve the obligations as credits come in. Additionally these obligations can be made available on the calendar, so you can see them coming.
We've added a calendaring system to Bryt, allowing events to be associated with loans, borrowers or lenders. If any of our users would like to try it out while we complete final testing it let us know.
Client notices (statements, late notices, etc.) can now have custom email subject lines.
User Defined Fields are now available as auto variables in documents.
For customers using the payoff calculator feature 'Periodic + per diem 360' the calculator now appears when making a payoff, allowing the results of the payoff calculator to feed the final payoff numbers.
Borrower and lender statements are now customizable. If you are using the previous generic version of the Bryt borrower and lender statements contact us to convert to the new version of statements.
We've added the ability to generate a link to a new application. This can be used to direct potential borrowers to fill out an application from your website. You can get this link by editing an application version and selecting the 'generate link' option near the bottom of the form.
Client Notices, such as late notices, payment reminders and invoices, can be configured and enabled on a per loan basis rather the globally for all loans.
The Pool module can now generate custom share prices for participant deposits/balances. This process uses calculations like unrealized revenue and asset write downs to derive the share price.
Construction budgets now allow the tracking of borrower responsibility. Budget line items can be assigned to be funded by the loan or funded directly by the borrower.
Loan Document Variables now support selecting answers from a drop down list. To utilize this select 'DropDownList' for the 'Value Type' of the variable when setting up a new entry.
In addition to batching custom reports, pool reports can now also be generated in a batch and made available to participants. An initial setup is required on our side so contact us if interested in using this feature.
Custom reports can now be generated in a batch. This requires a setup step on our end but after a report is configured this way it can be run on all borrowers, lenders, etc. and each generated file is available to download. The next phase of this work will automate this feature to generate and deliver reports on a configurable schedule.
We've added a new pay off calculation option that looks at the schedule to determine what's due. Helpful if you are using variable interest rates or have rate changes after the interest paid through date. Set this option under Admin -> Other Settings.
Currently under test is the ability to adjust the interest rate of a loan mid-period. We anticipate the completion of this feature in the coming weeks. We'll update the availability of this feature here when it is released.
We have renamed 'Deals' to 'Workbooks'. Deals were single spreadsheets that could be added and edited within a loan. Workbooks provide the same functionality but allow for multiple spreadsheets to be added. The next step in this process will be to make cell data within the workbooks available in other places in Bryt, like documents and custom solutions. If you'd like to use workbooks, please contact us.
The payoff calculator now saves the previously entered values and picks up where you left off. This is the first step to making the payoff calculator results available to documents and final payoffs.
If you are using construction budgeting and draw requests you can now take a look at all draw requests and their status in one location. See 'Draw Requests' under the 'Servicing' heading.
Welcome to our new "What's New" section. The intent is to give quick snapshots of new functionality so our customers can be in the loop of new features and what's around the corner.