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[May 02, 2024] Add value to borrower with the new "Cost of credit details" section ✨
[May 02, 2024] Add value to borrower with the new "Cost of credit details" section ✨
Marnie George avatar
Written by Marnie George
Updated over 6 months ago

✨ The new "Cost of credit details" section

We've recently updated the "Fees & sales tax" section – under Compliance > Mortgage details – to offer you more flexibility and functionality. This section is now called "Cost of credit details".

In the "Cost of credit details", you now have the ability to record any cashback or buydown incentives that reduce the overall cost of credit. Simply add them under "Value to Borrower."

Note: any amount recorded as a "Value to borrower" will display as a negative figure, and it will show in the disclosure documents as a separate table.


⚙️ Enhancements and bug fixes

  • A small update was released to ensure all pop-ups in Finmo are visually aligned.

  • The "Delete borrower" confirmation message is now being displayed near the intended action.

  • A bug that was causing Chrome to crash when clicking on dropdown menus with no default value has now been fixed.


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