Finance | 10/07/2023

Enhancements to Allied Credit Repayments

We are excited to introduce updates to the Allied Credit application process, focusing on improving clarity and user control:

1. Repayment Type Logic Update:

   • The logic for Allied Credit applications has been refined, and now the repayment type is accurately displayed as Arrears. This correction addresses any confusion that may have arisen when the repayment type was incorrectly shown as Advance.

2. "Check for Updates" Button:

   • To empower users with more control, a new "Check for Updates" button has been added. In case the data update encounters any issues, users can manually trigger the update process, ensuring that they have the latest and most accurate information.

These enhancements contribute to a more transparent and user-friendly experience, providing clarity in repayment types and offering users the ability to verify and update data when needed.

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Extended Final Payment and Balloon Functionality to Broker Platform

We're excited to announce the expansion of the final payment and balloon functionality to the Broker Platform. Building on the success of its implementation in other sections of the Finance Platform, this update ensures consistency and accuracy in repayment calculations when a deal involves a residual.