No two projects are funded the same. One project might pull funding from the loan only, while others require additional funds be brought to the table from the borrower.
How do you keep track of it all?
Lenders have the ability to track payment distributed from various funding sources by creating Funding Sources within a job profile. Additionally, after a Contractor or Borrower has submitted a Payment Request, Lenders can select which Funding Source the payment request will draw upon.
Important Note: This feature is accessible through Lender Organizations only. Borrowers and General Contractors will not have access to injecting, transferring, or removing funding sources within CoFi.
How Do I Track Funding Sources Within CoFi?
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