A lender's commitment letter often states some of what a cost-of-borrowing or material-risk disclosure needs - prepayment privileges, penalty terms, portability, assumability - and leaves the rest blank. A lender disclosure profile is your team's own reviewed wording for a lender, filled in only where the commitment doesn't say, so future disclosures for that lender don't ship with empty clauses.
When You'd Use This
Add a profile once you notice disclosures for a lender routinely land with the same clause blank - portability terms nobody states, say - and your team already knows that lender's standard wording well enough to write it down once.
What a Lender Profile Fills In
A profile carries four reviewed terms: prepayment privileges, prepayment penalty terms, portability terms, and assumability terms. It only fills a field the commitment left empty; a term the commitment actually states is never overwritten. A disclosure that pulls a value from a profile records where it came from, so a broker can always tell a reviewed default from a figure read off the lender's own page.
Adding a Profile
Pick the team it belongs to and the lender from your active lender list, then optionally narrow it to one product name or code, rate type, or term length - a narrower profile wins over a lender-wide one when both could apply. At least one reviewed term is required before you can save, and effective-from and effective-to dates are optional if the wording only holds for a window.
Which Team It Applies To
A profile belongs to exactly one team. A compliance administrator can create one for any team; an ordinary broker can only create one for a team they can write to, and the tab hides profiles for teams they can't see at all.
Effective Dates and Versions
Editing a profile doesn't overwrite it - it supersedes the current version and creates the next one, stamped with who reviewed it and when. Deal documents that already rendered from the earlier version keep the facts they were built with; only disclosures generated afterward see the change. The lender, team, product, rate type and term a profile identifies are locked once it's created - to change any of those, create a new profile rather than edit an existing one. Archiving works the same way: the version is superseded, not deleted, so the history stays.
Why a Reviewed Commitment Wins
A profile is a fallback, never an override. The commitment extraction for this specific deal, once a broker has reviewed and signed off on it, always takes precedence - a profile default only reaches a disclosure when the deal's own commitment genuinely didn't state that clause.
Common Gotchas
- Saving is blocked until at least one term field is filled in - a profile with no reviewed wording has nothing to contribute.
- You can't change a profile's lender or product after creating it. Add a new profile instead, and archive the old one if it no longer applies.
- A locked document library on your brokerage locks this view too, so check there first if Add lender profile stays disabled.
What to Do Next
- Review the Documents BrokerPlus Prepares to see which disclosures these terms can fill.
- Send the Disclosures a Deal Requires to review a commitment and see a profile default apply.
- Add a Custom Lender if the lender you need a profile for isn't in your list yet.