Fund a Payoff
If a dealer is paying off a lender loan, you can fund the payoff in Deals. In-house deals refer to this as posting a payoff instead of funding a payoff. The Transaction menu is only available for deals in Contracted/Booked status.
- From the Deal page, click the Transactions icon
and choose Post Funding.
The Post Funding pop-up window opens.
- Choose the delivery method.
The Payment Form field appears.
- Choose the form of payment.
Payoff details appear.
- Choose the balance you are funding, and click Take This Payoff.
The Post the Payoff for this Account section appears.
You can print the payoff quote or get a new quote.
- Complete the fields.
- Click Post Payoff.
A confirmation message displays, and you can print the receipt.