Earnest Money Deposits can be added to a loan via loan > Loan & Property Info > Purchase Credits.
1. Navigate to the loan > Loan & Property Info.
2. Scroll down to locate the Purchase Credits section.
3. In the Purchase Credits section, click +Add.
4. By default, the credit type will be set as Earnest Money Deposit.
5. Under Source Type, click Select to select the Source Type.
Source Types
- Borrower Paid Outside of Closing
- Builder Developer
- Employer
- Federal Agency
- Lender
- Local Agency
- Non Parent Relative
- Other
- Parent
- Property Seller
- Real Estate Agent
- State Agency
- Unrelated Friend
If Other is selected for Source Type, a Details field will become available and allow you to enter additional details.
- Click Details to open the Other Description text field.
- Click in the Other Description text field to enter additional details.
- Click Save to save the Other Description.
6. Under Amount, click Enter Amount and type the amount of your purchase credit.
Only enter numeric characters can be entered. The field accepts up to 10 digits or up to $1,000,000,000.
7. At the bottom, save your earnest money deposit by clicking Save Changes.
Purchase Credit Total
All purchase credit amounts will be totaled at the top of the Purchase Credits section.
Delete Purchase Credit
Click the X at the end of the purchase credits row to delete the purchase credit. Deleting a purchase credit will remove all of the information added for the specific purchase credit.
