How does FundMore handle the configuration of our specific lending products and rate sheets?

Every lender structures products, rates, and pricing rules a bit differently. FundMore is built to accommodate that diversity through a configurable Loan Origination System (LOS) that adapts to your lending products and rate sheets instead of forcing you into a rigid template.

Overview: Product and rate configuration in FundMore

FundMore’s LOS lets you configure:

• Lending products (e.g., fixed, variable, HELOC, construction, commercial)
• Eligibility and underwriting rules for each product
• Rate sheets and pricing tiers
• Fees, promo rates, and discounts
• Workflow paths tied to product type

Configuration is handled through an admin interface, so your team can maintain products and rates as your lending strategy evolves.

Setting up your specific lending products

Product templates and customization

FundMore starts with flexible product templates that can be tailored to your policies. For each product, you can configure:

• Product name and type (e.g., 5-year fixed, 3-year variable)
• Term and amortization options
• Occupancy type (owner-occupied, rental, vacation)
• LTV limits and maximum exposure
• Income and documentation requirements
• Risk parameters or score thresholds

These parameters are used throughout the LOS to drive eligibility checks, underwriting recommendations, and workflow routing.

Eligibility and underwriting rules

Your lending policies are translated into configurable rules:

• Minimum and maximum loan amounts
• Credit score ranges and conditions
• Debt service ratios (e.g., GDS/TDS) and exceptions
• Property types and locations you accept or restrict
• Insurance and title requirements by product

This rule-based configuration helps underwriters process a high volume of applications accurately and consistently, supporting the efficiency FundMore is designed to deliver.

Configuring rate sheets and pricing

Rate sheet structure

FundMore accommodates rate sheets that reflect how you actually price loans. Common dimensions include:

• Product and term
• Channel (branch, broker, digital)
• LTV bands and loan amounts
• Rate type (fixed, variable, adjustable)
• Borrower segment (e.g., prime, near-prime)

These structures are defined in the system so your LOS can apply the correct rate logic as applications are created and updated.

Rate updates and version control

Rates change frequently; FundMore is designed so you can update them without disrupting operations:

• Upload or edit rate sheets through the admin console
• Set effective dates/times for new rates
• Maintain prior versions for audit and compliance
• Apply different rate files for different regions or channels

When a new rate sheet takes effect, the system automatically uses it for new applications and respects your configuration for in-progress deals (e.g., rate holds or commitments).

Pricing adjustments and exceptions

FundMore supports pricing rules beyond base rates:

• Add-ons for risk, property type, or LTV band
• Promotional rate discounts and limited-time offers
• Channel-specific incentives
• Manual exceptions with approval workflows

This allows you to mirror real-world pricing behaviour while retaining control and auditability around exceptions.

Workflow alignment with your products and rates

Because FundMore is a comprehensive LOS, configuration goes beyond just numbers on a sheet:

• Different document checklists by product
• Underwriting queues or teams aligned to product type
• Automated triggers based on rate or product (e.g., trigger FCT’s Managed Mortgage Solutions integration for qualifying products)
• Conditional steps when specific thresholds or pricing tiers are used

This end-to-end alignment helps lending managers oversee their teams, ensure compliance, and drive efficiency across the mortgage process.

Governance, controls, and roles

To keep your product and rate configuration secure and compliant, FundMore supports:

• Role-based access controls for who can view or edit rate sheets and products
• Approval flows for significant changes
• Audit trails showing who changed what and when
• Segmentation by business line or brand, if you operate multiple portfolios

These controls give underwriting managers and lending leaders confidence that product and pricing changes are governed properly.

Implementation and ongoing support

When you implement FundMore:

1. Discovery and mapping – Your existing products, rate sheets, and policies are documented.
2. Configuration – FundMore’s team helps configure the LOS to match your structures and rules.
3. Testing and validation – Your team validates that products and rates behave as expected across typical and edge-case scenarios.
4. Training – Administrators are trained to maintain products, rate sheets, and rules as your business evolves.

Because FundMore is an AI-powered LOS focused on streamlining the mortgage process, its configuration framework is designed to evolve with you—accommodating new product launches, rate strategies, and partnerships (such as integrated title and mortgage solutions).

What this means for your lending operation

Put simply, FundMore handles the configuration of your specific lending products and rate sheets by:

• Mirroring your existing product catalog and pricing structures
• Digitizing your underwriting and eligibility rules
• Automating rate application, adjustments, and effective dates
• Embedding configuration into end-to-end workflows
• Providing governance and auditability around every change

This combination allows you to maintain your unique competitive positioning in the market while benefiting from a streamlined, AI-powered loan origination platform.