--- title: How to edit a funding lender in line of credit loans? description: This article discusses how to edit a funding lender in line of credit loans. --- [Skip to content](https://help.themortgageoffice.com/knowledge/how-edit-a-funding-lender-in-line-of-credit-loans#main-content) [![TMO-LO~1](https://help.themortgageoffice.com/hs-fs/hubfs/TMO-LO~1.png?width=200&height=65&name=TMO-LO~1.png)](https://www.themortgageoffice.com/) - [Platform](https://www.themortgageoffice.com/products/) Show submenu for Platform - [Loan Servicing](https://www.themortgageoffice.com/products/loan-servicing-software/) - [Loan Origination](https://www.themortgageoffice.com/products/loan-origination-software/) - [Fund Management](https://www.themortgageoffice.com/products/fund-management-software/) - [Knowledge Hub](https://www.themortgageoffice.com/knowledge-hub/) Show submenu for Knowledge Hub - [Blog](https://www.themortgageoffice.com/blog/) - [Resources](https://www.themortgageoffice.com/resources/) - [Webinars](https://www.themortgageoffice.com/resources/?_resource_types=on-demand-webinars) - [Seminars](https://www.themortgageoffice.com/seminars/) - [FAQs](https://www.themortgageoffice.com/frequently-asked-questions/) - [Release Notes](https://help.themortgageoffice.com/knowledge/release-notes) Open main navigation Close main navigation - [Platform](https://www.themortgageoffice.com/products/) Show submenu for Platform - [Loan Servicing](https://www.themortgageoffice.com/products/loan-servicing-software/) - [Loan Origination](https://www.themortgageoffice.com/products/loan-origination-software/) - [Fund Management](https://www.themortgageoffice.com/products/fund-management-software/) - [Knowledge Hub](https://www.themortgageoffice.com/knowledge-hub/) Show submenu for Knowledge Hub - [Blog](https://www.themortgageoffice.com/blog/) - [Resources](https://www.themortgageoffice.com/resources/) - [Webinars](https://www.themortgageoffice.com/resources/?_resource_types=on-demand-webinars) - [Seminars](https://www.themortgageoffice.com/seminars/) - [FAQs](https://www.themortgageoffice.com/frequently-asked-questions/) - [Release Notes](https://help.themortgageoffice.com/knowledge/release-notes) - [Contact Support](https://help.themortgageoffice.com/knowledge/kb-tickets/new) [Contact Support](https://help.themortgageoffice.com/knowledge/kb-tickets/new?hsLang=en) How can we help you? - There are no suggestions because the search field is empty. 1. [Knowledge Base](https://help.themortgageoffice.com/knowledge?hsLang=en) 2. [Loan Servicing](https://help.themortgageoffice.com/knowledge/loan-servicing?hsLang=en) 3. [Lines of Credit/HELOC](https://help.themortgageoffice.com/knowledge/loan-servicing?hsLang=en#lines-of-credit-heloc) October 9, 2026 # How to edit a funding lender in line of credit loans? ## This article discusses how to edit a funding lender in line of credit loans. ### To edit a funding lender: - Click on the ![running](https://help.themortgageoffice.com/hs-fs/hubfs/TMO%20APP%20Icons/running.png?width=15&height=15&name=running.png) **Loan Servicing** drop-down menu in the left panel of The Mortgage Office®. - Click the **Loans** drop-down menu. - Click **Lines of Credit** from the list that drops down. - From the **Lines of Credit** grid, select the loan you want to modify. TIP: If the record you want to edit is not visible, use the grid's vertical scroll bar to scroll the contents of the grid up or down, or click ![FindSearch icon box](https://help.themortgageoffice.com/hs-fs/hubfs/TMO%20APP%20Icons/FindSearch%20icon%20box.png?width=214&height=25&name=FindSearch%20icon%20box.png) **Find** to search for the record by entering your own search criteria. For additional information see [How to Use Find](https://help.themortgageoffice.com/knowledge/how-to-use-find?hs_preview=HVOdZgqP-118552067706&hsLang=en) and [How to Use the Data Grids.](https://help.themortgageoffice.com/knowledge/how-to-use-the-data-grids?hs_preview=iGfLglJv-112766338347&hsLang=en) - Click ![edit](https://help.themortgageoffice.com/hs-fs/hubfs/TMO%20APP%20Icons/edit.png?width=15&height=15&name=edit.png) **Edit** from the options available on the top panel or **double-click** the loan. - Click ![dollar-sign-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/dollar-sign-solid.png?width=15&height=15&name=dollar-sign-solid.png)**Funding** in the left-hand panel. - From the grid, select the funding lender you want to **modify**. - Click ![edit](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/edit.png?width=15&height=15&name=edit.png) from the options available on the top panel or **double-click** on the item. - Change the following information below. - In the **Lender Information** section: | **Field:** | **Description:** | | --- | --- | | **Rounding Adjustment ![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png)** | Select to adjust this lender if a rounding adjustment is necessary during payment distribution. TIPS: - When loans are funded by more than one lender, there may come a time when the amount of the payment cannot be **distributed completely** due to **rounding errors**. For example, if you have a $9,000.00 loan which is funded equally by three lenders ($3,000.00 each), then each lender owns a third of the loan. The problem arises, if the borrower makes a $100.00 payment. Two lenders will receive $33.33, and the one with this option selected will receive $33.34. - Only one lender at a time can have this option selected. | - In the **Lender Rate** tab: | **Field:** | **Description:** | | --- | --- | | **Note Rate** | This is the loan's **note** rate. This is a read-only field. | | **Sold Rate** | This is the loan's **sold** rate (or note rate, if a sold rate was not selected). This is a read-only field. TIP: The use of the loans **sold rate** in combination with the **lender rate** enables you to handle many investment situations which would otherwise be very cumbersome to implement. For example, you can easily setup a loan with a fixed or varying rate to the borrower, and each individual funding lender with effective rate which is fixed, varying in synch with the borrowers note rate or varying independently with an arbitrary step-rate schedule. | | **Rate Modifier ![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png)** | Select this option to **add** or **subtract** an amount to arrive at the lender's effective rate. **For example:** if the loan has a sold rate of 12.00% and a rate modifier of -2.00%, then lender's effective rate is 10.00%. Use this rate if the loan's sold rate fluctuates (such as with an ARM or step-rate loan) and you want the lender's effective rate to fluctuate as well. | | **Fixed Rate ![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png)** | Select this option to enter a **fixed interest rate** for this lender. | | **Lender Rate** | This is the resulting interest rate used to calculate **accrued interest** for this lender in this investment. Note that the same lender may have one or more funding records in the same loan, each having different effective rates and servicing fee options. | - In the **Servicing Fee** tab: | **Field:** | **Description:** | | --- | --- | | **Broker Servicing Fee ![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png)** | Select this option and enter the information below if you are charging a servicing fee to this lender which is payable to the broker: Field: Description: % of Principal Bal Enter the annualized rate to use against the lender's portion of the loan's principal balance. EXAMPLE: For example, 1.000% fee for a lender owning a $10,000 investment on a monthly loan is calculated as follows: Servicing Fee = $10,000 x .01 / 12 = $8.33 Plus Amount Enter an additional flat dollar amount to be charge as a servicing fee. or Minimum Enter a dollar amount as the minimum servicing fee this lender will pay.   TIP: To charge a flat servicing fee of $5.00, enter zero for the two previous fields and $5.00 as a minimum fee. | | **Vendor Servicing Fee ![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png)** | Select this option and enter the information below if you are charging a servicing fee to this lender which is payable to a third party (vendor): Field: Description: % of Principal Bal Enter the annualized rate to use against the lender's portion of the loan's principal balance. EXAMPLE: 1.000% fee for a lender owning a $10,000 investment on a monthly loan is calculated as follows: Servicing Fee = $10,000 x .01 / 12 = $8.33 Plus Amount Enter an additional flat dollar amount to be charge as a servicing fee. or Minimum Enter a dollar amount as the minimum servicing fee this lender will pay. TIP: To charge a flat servicing fee of $5.00, enter zero for the two previous fields and $5.00 as a minimum fee. Vendor Account Enter the vendor's Account number or click  to open a lookup window that allows you to select a vendor from a list of existing records. For more details see How to use lookup windows. | | **Goods and Services Tax (GST) ![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png)** | Select this option to charge goods and services tax (GST) on the total servicing fees paid by this lender. TIPS: - This option is only available if you have selected Canada or Australia in ![white cog blue background](https://help.themortgageoffice.com/hs-fs/hubfs/white%20cog%20blue%20background.png?width=25&height=25&name=white%20cog%20blue%20background.png) **Options,** ![User Preferences man with cog](https://help.themortgageoffice.com/hs-fs/hubfs/User%20Preferences%20man%20with%20cog.png?width=23&height=19&name=User%20Preferences%20man%20with%20cog.png) **User Preferences, [Regional](https://help.themortgageoffice.com/knowledge/user-preferences-regional?hsLang=en).** - You must also enter the GST rate and GST vendor account in ![white cog blue background](https://help.themortgageoffice.com/hs-fs/hubfs/white%20cog%20blue%20background.png?width=25&height=25&name=white%20cog%20blue%20background.png) **Options, ![loan servicing tripod](https://help.themortgageoffice.com/hs-fs/hubfs/loan%20servicing%20tripod.png?width=20&height=15&name=loan%20servicing%20tripod.png) Loan Servicing, [General](https://help.themortgageoffice.com/knowledge/loan-servicing-options-general?hsLang=en).** | - In the **Disbursements**tab: | **Field:** | **Description:** | | --- | --- | | **Account** | Enter the payee's **Account** number. TIP: Click ![browse two dots](https://help.themortgageoffice.com/hs-fs/hubfs/browse%20two%20dots.png?width=29&height=31&name=browse%20two%20dots.png) to open a lookup window that allows you to select a lender from a list of existing records. For more details see [How to Use Lookup Windows](https://help.themortgageoffice.com/knowledge/how-to-use-lookup-windows?hsLang=en). | | **Name & Address** | The payee's name and address is displayed when a valid lender account is entered. This is a **read-only** field. | | **![Blue Check Box\_r](https://help.themortgageoffice.com/hs-fs/hubfs/Blue%20Check%20Box_r.png?width=15&height=14&name=Blue%20Check%20Box_r.png) Active** | Check this box to **activate** the disbursement. Leave the box unchecked to leave the disbursement **unactive**. | | **Percentage** | Notate the **percentage** of the payment being disbursed. | | **of** | Notate what **element** the disbursement is being **disbursed** from. The options are:  - Principal Paid - Principal Balance - Interest (Gross) - Interest (Less Serv. Fees) - Interest (Less Other Pmts) - P&I Paid (Gross) - P&I Paid (Less Serv. Fees) | | **Plus Amount** | Enter a flat amount to be disbursed, **added** to the percentage entered above. | | **or Minimum** | Enter a **minimum** amount to be disbursed.  NOTE: If the percentage or flat amount you notated above is less than the minimum amount, the amount entered here will be disbursed. | | **Transaction Type** | Enter to classify this transaction as a **Servicing Fee** or as a **Disbursement**. | | **Description** | Enter a **Description** for this transaction. | | **Applies To** | **Check** the box next to each type of transaction the disbursement should be applied to. | - Click ![OK](https://help.themortgageoffice.com/hs-fs/hubfs/TMO%20APP%20Icons/OK.png?width=54&height=22&name=OK.png) **OK** to save or **Cancel** to abort.     - [Getting Started](https://help.themortgageoffice.com/knowledge/getting-started?hsLang=en#main-content) - [General](https://help.themortgageoffice.com/knowledge/getting-started?hsLang=en#general) - [Basic Information](https://help.themortgageoffice.com/knowledge/getting-started?hsLang=en#basic-information) - 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