How to Create a New Settlement Instruction Template

Overview:

In this article, we will provide a straightforward process for creating and managing Settlement Instruction Templates in Brokerage Engine. A Settlement Instruction Template defines the payment instructions that appear in the Commission Disbursement Authorization (CDA) - the document sent to the title company directing how and where closing funds should be distributed at the time of settlement. This typically includes wire or check delivery details that ensure funds are routed correctly after a transaction closes.

Using a template ensures your brokerage's disbursement instructions are consistent, efficient, and compliant with your internal processes - eliminating the need to manually re-enter payment details on every transaction. Use the resources below to learn how to create, set as default, and edit your Settlement Instruction Templates to streamline your workflow. 

Permission Level: Admin + Accounting - Full

Important to know:

When creating settlement instruction templates, please utilize Basic Syntax. This ensures the instructions are clearly formatted and easy to read by incorporating line breaks, bolding, italics, etc.

Quick Reference:

Link to Full Step-by-Step Guide