Jump to main content

# How do policies impact the transaction?

A policy pre-sets the values that apply to documents or calculations and helps streamline data entry and enforce organizational standards.

The Calculations Policy and Document Policy lists include the policies defined by your organization in Administration and display based on the selected organization.

If policies have not been created and assigned to the selected organization, ‘Contact your Policy Administrator to create a policy within administration.’ displays.

If values are changed in Administration for a defined policy, an existing transaction using that policy will not be updated with those changes unless the policy is refreshed. Values that are changed at transaction time and are not defaulted will not be changed when a policy is refreshed.

If a saved, existing transaction is opened with a policy or organization that has been deleted, a new policy or organization must be selected. If you navigate to the Loan Definition or Print pages, an alert will display about the missing information.

When copying a transaction, the policy information from the original transaction will be retained in the new transaction. To update to the latest policy settings, refresh the policy or select a different policy on the Loan Definition page.