Contract Documentation

After you and your customer agree on a payment plan, Q2 Origination allows you to

• automatically generate the contract

• track it and the related stipulations

• track e-signatures

Prerequisites

Before you proceed to create a contract, ensure that the following prerequisites are met:

• The application is complete and approved.

• All stipulations are met.

• Pricing options are generated and approved by the potential borrower.

Steps

To generate the contract:

1. Log in to your Salesforce account.
   

2. From the list of recent applications, select the application for which you want to generate the contract.
   

3. Go to Loan Dashboard>  Generate Loan Agreement.
   

4. Optionally, select Preview to view the contract. 
   

   Conga Composer picks up the values for the variables you have defined from the application, merges them into the contract, and displays the document on screen. For example, the applicant's name, the loan amount, term, interest rate, and payment frequency for a loan application.
   

5. Select Merge & DocuSign.
   

   Conga Composer picks up the values for the variables you have defined from the application and merges them into the contract. A document preview is not offered in this case. For example, the applicant's name, the loan amount, term, interest rate, and payment frequency for a loan application.
   

6. On the Application page that appears, under Documents, select Add Document to attach documents required to support the application.
   The contract document is added by default.
   

7. Under Recipients, 

   1. Select Add Recipient to add the names of people in addition to the applicant, who will get a copy of the contract and the attached documents.
      The Add Recipient drop down shows the different parties associated with the application.

   2. Select the Party Type and choose the recipient, or select Contact and add a contact. 

   3. Select the Recipient Type; for example, if the person you have added is a signatory, select Signer. 

   4. Select the Signer Type.
      This defines the order in which the person must sign the contract—for example, select Signer 2.

   5. Select Save Recipient.
      This party is added, and you can send the contract.
      

8. On the page, update the default message to all recipients, if needed, and select Send Now.
   An e-mail is generated and sent to all the recipients. The recipients can preview and sign the document.