Beneficial Owner
We’ve been listening! There have been numerous requests for the ability to have a registered owner and a beneficial owner on a file and it’s now available.
We have added an Owner Type field to the seller screen. If your transaction involves a beneficial owner, simply set the Owner Type drop down on the appropriate seller screen. The system will use the sellers identified as registeredowners to complete the appropriate Land Title documents and will use the sellers identified as beneficial owners for all other documents. The Owner Type field will default to registered owner so if your Transaction does not involve a beneficial owner, there is nothing for you to do. All documentation will complete with the names of the registered owners when no beneficial owners exist.
Connections – Transfer Registration Number
We are so excited that well over 11,000 firm Connections have been established and that many of you who are Connecting on your files have taken the time to provide us with feedback on this new feature! You recently let us know that when acting for the seller on a Connected file you did not have the ability to complete the Transfer registration details. We have now opened this field to allow either side to enter the information.
Adjustment of Lease Payments
We’ve made a change to simplify adjusting for payments made pursuant to a lease. You’ll note that the Rent tab located on the Accounting screen has been renamed Rent/Lease. When entering information for a new rent or lease adjustment, a Type drop down has been added allowing you to indicate what type of adjustment it is. The wording of the description will reflect whatever you have chosen from the drop down.
We appreciate your feedback and we look forward to continuing to hear from you!
Bug Fix
Middle names of private lenders will now show in the list of lenders on the Lender & Funding tab as well as in the Lender Name as it will Appear on Mortgage field.
If you have any questions about the updates, please don’t hesitate to call the Very Helpful Desk 1.866.326.6839.
