For those who offer loans with very few differences, LoanPro provides the ability to create preconfigured loan templates. You can define the loan settings and terms in advance, then simply click a button to create a new one. 

Creating a preconfigured loan involves two steps.

1. Creating the template.
2. Using that template to generate a loan.

Creating templates

To set up a new preconfigured loan, navigate to Settings > Loan > Setup New Loan > Preconfigured. Click 'Add' to add a new preconfigured loan.

There are lots of options to choose from to set up your loan.  For more information on these options, check out our loan creation article. The following steps explain how to fill out these fields for preconfigured loans. 

1. Enter a name for this preconfigured loan in the 'Name' field. The name should give a little information about the preconfigured loan so you can distinguish it from other preconfigured loans in your company account. 
2. Select an icon for the preconfigured loan from the dropdown menu next to the name field. The icon will be a quick way to distinguish one preconfigured loan from another.
3. Enter the loan settings, loan terms, escrow calculator data, advanced configuration settings, late fee configuration, and custom field data as you would when you set up any other loan, but with a few minor differences.
4. Contract date and first payment date are number fields instead of date fields for preconfigured loans. Enter the number of days from the date the loan is created. For example, if today is November 3rd and you enter 5 into the contract date field, the contract date for a loan created with this preconfigured template will be November 8th. 
5. Enter any data that you want to set when you create a loan from this template. Contract Date, First Payment Date, and Term are required fields, although they can all be set to 0. Once the loan information is entered, click 'Save' to save the preconfigured loan.

Create loans using templates

Now that you’ve created a loan template, it’s easy to create a loan using that template. Navigate to Loans > Account Manager inside your company account. Click 'New Loan' and select 'Pre-Configured' from the dropdown. You will see a list of the preconfigured loans for your company. Click the template you want to use to create your loan. Walk through the process in the demo below.

Now, you can go through the Loan Setup process and change anything you want for the specific loan you are setting up.