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Financier

Financier

Owned by Matthew Garrett
Last updated: Feb 21, 2019


     

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TFS User Guide - Table of Contents

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The Financier screen is used to provide a summary of the financier or lender details used for the finance application. It displays the calculation method, the type of finance, and who the application is to be lodged with. This screen displays similar information as seen on the Application Calculations Screen and Application Work Flow screens.


 Opening the Financier Screen - Click here to expand...
  • From the Application menu, select Financier.
  • From the sidebar, select Application then Financier.



 Calculation Method Group - Click here to expand...

The calculation method can be modified by clicking the Calculation Method popup dialog button.

If the Calculation Method is changed on the Financier screen, users must return to the Calculations screen to solve the repayments.

 The Financier Group - Click here to expand...

The Financier group displays the financier that is being used for the application.

If you change the financier on this screen, TFS will search for a Calculation Method for that financier that matches the Finance Type and the State that has already been selected. If there is no match, a warning prompt will appear and the Calculation Method will be removed. It is preferable to select the financier for the application by using the Calculation Method popup button the Calculations screen. This will ensure that you cannot pick a financier that does not have a method for the selected State and Finance Type. You can enter a Contact Person for the financier here.

  • Undisclosed? Field: toggle to show or hide the financier details from the client. Set this field to Yes to display the organisation details or select No to display the outside financier.

 The Rate Group - Click here to expand...

The rate information determines the GST, FID, Stamp Duty and ITC Level used in the application. These are initially selected from the chosen calculation method but can be modified here.

If rate values are modified, return to the Calculations screen to recalculate the repayments.

 The Financier Insurance Group - Click here to expand...

The Financier Insurance the section provides workflow dates for recording the ordering and receipt of financier insurance if required.

 The Approval Group - Click here to expand...

The Approval section is the workflow process for receiving an approval and recording the account number.

 The Application Brokerage Group - Click here to expand...

The Application Brokerage section is a summary of the brokerage as indicated on the Calculations screen.

 The Trail Commission Group Click here to expand...

The Trail Commission section is for record keeping purposes only to record any applicable trail commission for the application. It records how often it should be received and the rate or the amount of the trail commission.

IMPORTANT CONCEPTS

  • If Undisclosed? is set to Yes, it indicates the client believes the broker is giving the client the money rather than a financial institution.



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