Once you have submitted your deal to a Lender you can then create and generate compliance documents. In order to do that, your team administrator must set up the 'Required documents' and "Generated documents" in the Compliance settings.
Remember, once these have been set up, they will appear as required for every deal you submit. Of course your team administrator can edit and change them anytime.
Managing your compliance settings (team administrators only)
Click the gear icon on the left menu
Select the"Compliance" folder from the top menu
Scroll down to "Required documents and click on the '+' sign to create your first document requirement.
4. Fill in the Name and the Requirement description.
5. If you want the document to be gathered for you via Finmo Documents, check off the check box and select which document requests are acceptable to meet this requirement from the list of requests used by your team.
6. Continue adding as many required docs as you wish by clicking
Adding "Generated documents"
These docs will appear on your "Generate documents" list for every deal you submit, you can edit and change them anytime.
Navigate to the "Team Settings" section within your Finmo account.
Select the"Compliance" folder from the top menu
In the "Compliance" area, locate the "Generated Documents" section. Here, you can manage the documents that need to be included in every deal.
4. To add a new document, click "Add Form Requirements," choose the appropriate document, and customize the text as needed.
5. Click on "save"
6. Continue adding documents by clicking on the "+ add form requirements"
7. If you operate across multiple provinces, you can add documents for each relevant jurisdiction.
Pre-populating forms in a "Generated document"
Finmo allows you to pre-populate your generated compliance documents with text so you do not have to re-enter a standard section every time you generate that document.
Click the arrow below to watch a video
Archiving "Required documents"
Click the gear icon on the left menu
Select the"Compliance" folder from the top menu
Scroll down to "Required Documents" and click on the "+" and select "Archive form"
Follow the prompts asking you to confirm the "Archiving". Your document will move to archived and no longer appear on your 'Required Documents" list.
Unarchiving "Required documents"
Click the gear icon on the left menu
Select the"Compliance" folder from the top menu
Scroll down to "Required Documents" and click on the "+" and select "Archive form"
Click on "Show archived" and select the file you wish to unarchive. Follow the prompts asking you to confirm that you wish to unarchive the document.
Your document will now appear in your "Required Documents" list.
Archiving "Generated documents"
Click the gear icon on the left menu
Select the"Compliance" folder from the top menu
Scroll down to "Generated documents " and click on "archive documents". Follow the prompt to confirm the "archiving"
Your document will now be moved into the archive and will no longer appear in your "Generated document" list
Unarchiving "Generated documents"
Click the gear icon on the left menu
Select the"Compliance" folder from the top menu
Scroll down to "Generated documents " and click on "Show archived". Follow the prompt to confirm you wish to unarchive that document
Your document will now be moved into your "Generated documents" list.
Should you have any questions please click on the chat bubble in Finmo for help :)