Create a Loan

To start using Bryt, you must first “Create a Loan”.  When you Create a Loan, you specify the details that allow you to create a Loan Repayment Schedule (often referred to as an amortization schedule or table).

You can create a new loan several different ways…

• To Create a Loan, click on the "Loans" link in the navy strip and then click on the "Add Loan" button on the left side of the table:

• You can also access the GUIDE ME Tour for Create a Loan by clicking on the "Need Help" button in the lower right corner and then selecting "GUIDE ME - Create a Loan" from the "GUIDE ME Tours" section: 

• Additionally, you can also access the GUIDE ME Tour for Create a Loan by clicking on the "Checklist" in the lower left corner and then selecting "GUIDE ME - Create a Loan":

• "Create a Loan" is also available as a Quick Tool from many pages within the system:

Create a Loan launches the "Create a Loan" wizard:

The Loan Wizard collects the information necessary to create your loan by asking you a series of questions about your loan.   

This includes:

• Loan Details (borrower, loan name and amount)
• Accrual Information (payment frequency and interest accrual)
• Closing Date, Term and Prorating Information
• Interest Rate and Amortization Information

The Loan Wizard allows you to configure loans using standard loan configurations, as well as countless custom configurations.