Summary1. Activate the draw process |
1. Activate the draw process
As a program manager, when creating a program, you have the option to activate the draw management process. To do this, navigate to the program > “Manage program” > “Program identity” tab. Then select ‘Yes’ for “Program with draw.”
Once your program has been distributed, you will no longer be able to change this selection.
2. Create a draw
Draw management takes place on the program's home page, within the Draw(s) section. You may create new draws throughout the program's distribution, modify existing draws, and adjust filters as needed.
If the total amount of the draws exceeds the budget, the platform will prevent further action.
Once a refinancing project is linked to a draw, the draw in question can no longer be deleted.
3. Assign a financing object to a draw
Upon receiving a reservation, regardless of its status, you can assign its financing items to a draw. Once saved, these items are tracked in the “Loan servicing” section and are visible to the distributor.
If the amount of the financing object exceeds the available amount in the draw, the platform will prevent your action.
4. Export draw data
The reporting module may be used at any time to extract data held within Debt Eligibility, including data relating to drawdowns.
To do so, include the fields in the “Draw” category within your export templates.
5. Import advance numbers
An import file, “advance number,” is also available, enabling you to track information relating to advance requests for this program. Once imported, these items are visible to the manager and distributor in the “Loan servicing” section of the reservation.
These fields can also be exported under the “Advance” category in the reporting module.
Would you like to learn more about exporting or importing data? Refer to the article: How to use the Debt Eligibility reporting tool