Mortgage Record Creation Settings
The Mortgage Settings define which records are created when you run the Create Financial Records process on a Residential Loan Application.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions |
| Setting | Description |
|---|---|
| Asset Record for New Home |
Create an asset record from a loan application property record to represent the new home that was acquired. The new asset record includes the property value, and relates to the primary owner's account. |
| Liability Record for New Home |
Create a liability record from a loan application property record to represent the new mortgage loan. The new liability record includes the mortgage loan amount, and relates to the primary owner's account. |
| Financial Account Record for New Mortgage |
Create a financial account record that represents the mortgage loan. The new financial account record includes the interest rate, terms, and outstanding loan balance. |
| Financial Account Record for New Home |
Create a financial account record from the loan application property to represent the new home. The new financial account record includes the property value, and relates to the primary owner's account. |
| Customer Property Record for New Home |
Create a customer property record from a loan application property record to represent the new home. The new customer property record includes the property value and address, and relates to the primary owner's account. |
| Asset Records for Loan Application Assets |
Create asset records from the assets listed in the loan application. |
| Financial Account Records for Loan Application Assets |
Create financial account records from the assets listed in the loan application. |
| Liability Records for Loan Application Liabilities |
Create liability records from the liabilities listed in the loan application. |
| Financial Account Records for Loan Application Liabilities |
Create financial account records from the liabilities listed in the loan application |
| Edit Residential Loan Application for Account Read-Only Users |
Allow users to edit residential loan applications even if they have read-only access to accounts . |
| Loan Applicant |
Automatically generate a loan applicant record for a new residential loan application that’s associated with a person account. |
| Loan Applicant Addresses |
Generate address records for the related account’s addresses. Only applies when also generating a loan applicant record. |
| Override Mortgage Custom Sharing with Standard Salesforce Sharing | Use standard Salesforce sharing for residential loan applications and other mortgage objects. When this setting is turned on, access is no longer granted to a mortgage object from its account. The Edit Residential Loan Application for Account Read-Only Users setting is ignored. |
