The Copy button on the overview tab will save you time when you have a borrower with an existing application in Finmo who is looking to purchase again, renew or refinance. Select what information from their previous application you would like to copy into their new application.

Steps.

  1. Go to the borrower's latest existing deal in Finmo.
  2. Click on the Overview tab
  3. Click Copy Deal
  4. Select which details you want to carry over. Note: 'Account & personal details' are grayed out because they will always copy over into a new deal
  5. Select a new goal.
  6. Click 'Create copied deal'.

After you have copied the deal, you can invite the borrower using the 'Update Borrower' to review and complete the new application as well as upload documents. You will also need to grant access back to the borrower.

If you have Credit Consent PDF enabled in your Finmo account, you will also receive an updated credit consent agreement when the borrower submits their application. Alternatively, you can use E-Signing to upload a consent agreement for the borrower to sign too.

If you have Documents enabled in your Finmo account, please note that documents do not carry over from the previous application. You will need to select which documents you need the borrower to upload or upload the documents that you already have that are still valid.

Should you have any questions or concerns please click the chat button in Finmo or email support@finmo.ca.

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