1. Go the Loans module in the Matrix
  2.  Click on Create on the top left of the page in order to create a new loan
  4. If you need to adjust the Loan Name/ID do this first
  6. Next, you will see the Loan Info section
  8. First, select the Trust that will be associated with this loan
  9. Also select the Family that has purchased this home
  10. In the Loan Amount field, enter the Sale Price of the home
  11. Typically, the Land Contract check box will be left checked outside of a few niche circumstances (if the property is a rental, or some other odd circumstances)
  12. Enter the Down Payment
  13. Leave the Rate field at 12.000
  14. Also leave the Payment Day at 0
  15. It should look like this:
  16. Now below that is the Loan Length Info section
  18. Enter the Start Date of the loan, this is when the Down Payment is due by
  19. First Payment Due is when the family's first monthly payment is due (this will automatically set the Payment day in the previous section to the day of the month the monthly invoices become due)
  20. Periods(months) is the length of the loan, usually our Loans are 240 months, but if it needs to be changed, this is where you do that
  21. Leave Period Length at 1, this says that the period lasts for 1 month
  22. Here is what this section should look like
  24. You will also see Loan Rate Info and Invoice Info sections, go ahead and leave those alone
  25. There is also a Collections Info section, leave these fields alone as well
  26. Below that, you'll see some tabs starting with Amortization Sched
  27. Click on the Extra Fees tab
  29. This is where you will set the Family Fee, Family Set-Up Fee, Property Insurance, and Property Tax
  30. Generally our Family Fee will be $25
  31. You can then go to the Property Insurance and Tax dropdowns and search for the related insurance and tax fees
  32. It should now look something like this:
  34. You may have noticed that under the Invoice Info section, it will have automatically added the cost of the fees we have just added
  36. Now we can click on Save at the top
  37. Verify that all of the information we have entered is correct
  39. *****The next steps are very important*****




If you are creating the loan in order to print out one of the following, Contract for Deed, Land Contract, Loan Disclosure(Seller's Disclosure), please only follow this section of steps!


  1. On the top of the page, you will see a Print dropdown
  2. Click on the dropdown and select the document you want to print
  4. Once you click on the document to print, a box will open up that will allow you to choose where to save the file, and what you want to label the document
  5. Rename your document accordingly and save


That is all, you have successfully created a loan and printed the appropriate documents!


Do not continue to the next steps!



If we have finallized all documents and are ready to Post the loan, follow these steps


  1. On the top left of the screen, click on Compute Items
  2. This is going to generate the Amortization Schedule
  3. We can see here that we have generated our invoice schedule for the length of the loan
  5. If this schedule looks good, you can now Post the loan
  6. Be aware that once you do this, it is permanent, you cannot change the Amortization Schedule after that
  8. There will be a pop up that will tell you to double check fees and other fields before you post. If you need to go back and make changes, press Cancel
  9. If everything is ok, then go ahead and press Ok
  10. You should now see that the loan is Posted and Active!