Creating Your First Computation Rule

General

Computation rules are used inside LoanPro for things like rules applied, flags, triggers and more. A computation rule is an expression (e.g. 4 < 6, 11 + 5) that can evaluate to a numeric or date value or a simple true or false.

This article will go over the basics of computation rules to help you get started in using this powerful tool.

How to Create a New Computation Rule

Rules can be created in several places inside LoanPro. Settings > Company > Rules Manager > Rules Manager is the area where all your company rules can be found. In other areas that ask for rules, you will be able to create a new rule or use one that already exists here for your company. In this article, we will use a rule to create a computation field that will be shown in the summary of each account. Navigate to Settings > Loan > Custom Fields > Computation.

 Next, click Add in the top right corner.

Go ahead and enter the name for your new computation field in the Name field. In the Display drop down, select the “Loan Summary” option. For now, we’ll keep the default settings for Output Format and the Round Result.

The next area of interest is the Formula Editor section. Here, type in (+ status-amount-due 10) in the large text box.

Once you’re done, click Save.

Congratulations! You’ve created your first computation rule! Now when you open a loan, navigate to the summary tab and expand your computation fields; you should see a table with a row where the left column is the name of your computation field and the right column is the value.

To learn more about how computation rules are formatted, read How Computation Rules Work.


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