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Purchase Plus Improvements - Education Guide

How FundMore.ai supports Purchase Plus Improvements and Refinance Plus Improvements — the options, fields, and calculations.

Overview
FundMore.ai includes dedicated options, fields, and calculations to support Purchase Plus
Improvements (PPI) and Refinance Plus Improvements (RPI). Which fields display, and how certain values are calculated, depends on whether the application is a PPI or an RPI.

Turning it on
PPI and RPI are driven by the Mortgage Classification field. To make the dedicated fields render and the related calculations take effect, select Purchase Plus Improvement or Refinance Plus Improvement as the Mortgage Classification. These options become available once Purchase or Refinance is indicated in the Application Type field.


It helps to keep two concepts distinct. Mortgage Purpose is the reason behind the mortgage — for example Purchase, Refinance, ETO, Bridge Financing, Switch, or Purchase Plus Improvements. Mortgage Classification is how mortgages are grouped or categorized, such as Purchase Plus Improvements, Reverse, HELOC, Construction, and Commercial. The options available in these dropdowns are managed by users with the appropriate permissions through the Manager Portal.

This document is general product education describing FundMore.ai platform functionality for Purchase Plus Improvements and Refinance Plus Improvements. Field behaviour, available options, and calculations may vary by configuration. It is not legal, lending, or underwriting advice and does not replace your own credit policies or applicable regulatory requirements.