New/Enhanced Features - RealtiWeb Manitoba

Flexibility in Amount Due/Paid on Possession

There is a new area at the top of the Trust Statement screen for Purchase transactions (on new files only!). It provides for the following:

• There is a new “Apply Balance Required to Close?” indicator. If you check it, it will apply the Balance Required to Close from the Estimated Closing Costs as the amount advanced on possession – however, it will also subtract the amount for land titles fee and transfer registration fee. You can override this amount.
  • When you enter a “Balance Due” date, it will calculate the number of days of interest and perform the interest calculation
  • The Trust Statement will show both the money received on possession and the amount due on final (the advance date)
• If you do not check the “Apply balance Required to Close” indicator, the system will show the Mortgage Advance and ask whether it was advanced on possession. It will then calculate the balance due appropriately and the interest as applicable.
• In all cases, the Trust letter to the Vendor’s lawyer has conditions to test for circumstances such as mortgage advanced on possession, all money being paid at final etc.

Example 1: The first screen below is an example of a transaction where the Balance Required to Close is being applied. You have the option of overwriting the amount paid on possession.

Example 2: The second example shows that the Balance Required to Close is not being applied from the Estimated Closing Costs and the mortgage is not being advanced on possession. The amount paid on possession then is the Balance Due on Closing minus the mortgage advance amount.

Example 3: The last sample shows the mortgage being advanced on possession, leaving nothing to be paid at a later time.

Closing Date vs Possession Date

Up until now, on the Basic Information screen, the system had both a closing date and a possession date. To eliminate confusion between the dates, the Closing date has been removed from the screen and now only shows the Possession date. Whatever date was previously in the Closing date now shows in Possession date – they have been equated to one another in the background. In documents, no matter whether you refer to this date as the Closing date or Possession date, the Possession date from the screen will print.

Registration Fee defaults

Registration fees on Purchase files will now default to show in the Trust Statement. Registration fees in Sale and Mortgage Refinance files will now default to show in the Account.

Document History enhancements

We had requests for enhanced document history control. We listened and now when you click on the green checkmark next to a document, you’ll see at the top of the Document History window, the added ability to clear checkmarks for just one document or all documents.

Also added is the ability to show and print a list of documents produced on a file.

Rapid Search in alphabetical document list and field lists

To help you search through your document lists and field lists, we’ve instituted a better search. Now, as you type, the documents or fields containing the words you enter in the search will show.

Enhanced Emails to Contacts

As you may know, in RealtiWeb, clicking on the email link within a selected third party in a file initiates an email to that party.

Now a Reference Line can be automatically added to the Subject line of the email and also optionally, contact information at the bottom of the email. The first time you use the email feature, you’ll see a window like the following:

Select how you would like to use this feature. The window will display just once. You can select for just the email and a signature to come into the email, just a subject, just a signature or neither.

Enhanced Security for Modifying your Masters

Enhanced security for modifying master documents through your LDD account set up. Ask a support rep for further details.

Form/Document Updates

• Standard mortgage forms have been amended to automatically default a checkmark in the Mortgage checkbox at the top of the page.

Other Enhancements

• Fees on the Mortgage Advance window now default to debit. If an amount you enter is a credit, you’ll need to remember to click the credit radio button instead.
• In Statement of Adjustments, the wording for the purchase price has been amended as follows:
  • If new home without GST included in the price: SALE PRICE
  • If new home with GST included in the price: CONSIDERATION (Sale Price)
  • If not a new home: SALE PRICE
• Declarations of Possessions now work with corporate wording