You heard it right! We recently added FIVE new deal statuses in Finmo! 🤩

You have all been requesting new statuses to stay on top of your deal's progress. Now, you can easily distinguish which deals require your attention (purple statuses) and those in progress with other parties (blue statuses).

To help automate your workflow, some statuses will update based on system triggers. You will still be able to manually set any status from the Deals page or the Application page within a deal.

See the full list of statuses and their definition →

Another highly requested feature was launched this week – "Generate amortization scenario" in the deal calculator! This tool allows you to run quick, detailed payment scenarios for your clients, showing them the financial impact of different payment frequencies.

Compare monthly vs. biweekly accelerated payments, highlight the savings potential of different payment strategies, and help your clients make better informed decisions.

Watch a quick video to see how it works →

Default Client Consent text update
As part of our regular system updates, we have enhanced the default Client Consent language in Finmo for greater clarity. If your team is using the default consent text, we recommend reviewing the new language to ensure it aligns with your business needs. We also strongly encourage you to create a customized client consent. Team admins can easily personalize the consent language in Finmo. Visit this article to learn how →

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​Calculate minimum down payment in one click
We released a new feature that allows you to quickly calculate the minimum down payment required for a home purchase within Finmo. This enhancement simplifies the process and ensures accurate calculations based on the purchase price of the property. Watch a quick video to learn more →

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​Prospr by Sun Life: Join the program
The Prospr by Sun Life referral program is now available to all Finmo users. Earn additional compensation and provide more choice and direction to your clients when it comes to insurance.