Overview
Managing stakeholder invitations has been improved to streamline the process for lender and borrower clients. Previously, lenders had to manually assign permissions to borrower stakeholders, which sometimes led to confusion and incorrect access. With this new process, borrower stakeholders automatically receive the correct permissions upon invitation, ensuring seamless collaboration.
Inviting a Borrower Stakeholder
Description
Lenders can now invite borrower stakeholders with a simplified process. Upon invitation, borrowers receive the necessary permissions to access the deal and perform key actions such as submitting draws and documents.
Step-by-Step Instructions:
Navigate to the Stakeholders page.
Click Add Borrower Stakeholder.
Optionally, add a related individual.
Click the Invite button.
The borrower will automatically receive the necessary permissions and a notification of the invitation.
Note
The borrower does not need additional setup to access the deal.
The correct permissions are automatically assigned, reducing manual errors.
Revoking Stakeholder Access
Description
If a borrower’s access needs to be revoked, the process is quick and straightforward.
Step-by-Step Instructions:
Navigate to the Stakeholders page.
Locate the borrower whose access needs to be revoked.
Click the Revoke Access button.
Confirm the action.
Note:
Revoking access requires just two clicks.
This ensures borrower permissions are managed efficiently.
FAQ
What improvements have been made to managing stakeholder invitations?
The process for managing stakeholder invitations has been streamlined, allowing borrower stakeholders to automatically receive the correct permissions upon invitation, reducing confusion and incorrect access.
How can lenders invite borrower stakeholders?
Lenders can invite borrower stakeholders by navigating to the Stakeholders page, clicking 'Add Borrower Stakeholder', optionally adding a related individual, and then clicking the 'Invite' button.
Do borrowers need additional setup to access the deal after being invited?
No, borrowers do not need additional setup to access the deal; they automatically receive the necessary permissions.
What steps are involved in revoking a borrower's access?
To revoke a borrower's access, navigate to the Stakeholders page, locate the borrower, click the 'Revoke Access' button, and confirm the action.
Is revoking access a complicated process?
No, revoking access requires just two clicks, making it a quick and straightforward process.