LoanPath allows organizations to manage partner programs containing the functionality drivers required to do business with each partner. In addition, the Program Management Module helps organizations manage partner records containing locations, contacts, partner-related credit and performance data, and some processing defaults.

Programs are basically the terms and conditions of a partner agreement, created to establish standardization and efficiency in business. Standard programs can be created to suite different customers or channels. Then when a new channel is brought on board, the organization can select from a predefined basket of product and facilities together with their supporting documents and policies for the new channel.

As the primary repository for data elements, a program could include items such as pricing, contract documents, credit policies and collateral requirements. The values contained in the data elements of a program will be used as default values when processing a facility and authoring a contract. These default values may be overridden by the user in facility/contract.

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