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This feature will help you to calculate your contract deadlines dates, check for weekends - holidays, save your template settings and populate the dates into the contract.
You can create your own templates for different closing scenarios. To do so, click on the orange link Create New Template link, then type the Template Name and indicate the day and selection for every item, finally click Save and Display or Save and Insert buttons to save your settings. You can create as many templates you need.
To select a different template, just select the template you would like to work with from the drop-down menu template box and your selection will be displayed automatically.
You can populate the deadlines based on 3 selections or columns:
Contract Date: All calculations will be from this date forward. The deadline will be set for the specified number of days forward from the contract date for every item where the contract date radio button has been selected.
Closing Date: All calculations will be from this date backwards. The deadline will be set for the specified number of days backward from the closing date for every item where the closing date radio button has been selected.
MEC or SSA: It will populate the specified number of days and add the description - # Days After MEC or SSA for every item where the MEC or SSA radio button has been selected.
NOTE: The MEC field is used for MEC or SSA. One or the other, for the entire template.
Steps for setting up and using the template of choice:
Indicate the Contract Date and/or Closing Date
Select the Date Type (Contract , Closing, MEC) for every item.
Select the Days for every item.
Click Save and Display to view the week date name before they are inserted into the contract, or just click Save and Insert to insert then into the contract.
Important: Any time you click on Save and Display or Save and Insert , your settings will be saved. E.g., Let's take the Loan Application Deadline; if you select from Contract Date and specify 5 Days, this info will be saved for the next contract.
Weekends & Holidays The system can check for weekends and holidays for every item and if the date falls on a weekend or holiday, the system will automatically move the item date to the next business date. If the date has been moved due to a Weekend, a yellowish-orange blinking icon will be displayed. In the case of a holiday, a red blinking icon will be displayed. **This feature can be set on or off. To do so check or uncheck the box located on top of the auto dating deadlines window. Check for Weekends & Holidays for all items