Prepare a Pre-Approval Letter


The loan pipeline is where you will manage all of your borrowers, including reviewing application and document data, making adjustments to the loan flow, and locating any additional information regarding the loan.


Among these options, you will have the option to prepare a pre-approval letter.


Once you have a pre-approval letter template set up in your Floify account, you are ready to start preparing and generating pre-approval letters for your borrowers. This is a two step process that involves setting up the parameters for your letter first, and then generating your letter second.


If you need help setting up your pre-approval letter template first, you can find more information here: Pre-Approval Letter.


How to Use

This is where you will set up the parameters for your letter. Anyone generating a letter in your pipeline, as well as any realtors/partners that have been invited to the loan flow, will be required to stay within these parameters when they go to generate a letter.


From the loan pipeline, select the Edit Loan Flow icon:






Scroll down to the Prepare Pre-Approval Letter section:






Enter your Maximum Sales Price, Max Seller Paid Costs, and Down Payment limits:


Note: The down payment limits can be set either in dollar or percentage amounts here, but they will only generate in dollar amounts on the letter itself.






If you have the Loan Type or Personal Note tags set up on your letter, you can also enter this information here to populate directly: 






Make sure you select Save at the bottom of the page once you're done to confirm the changes.

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