> ## Documentation Index
> Fetch the complete documentation index at: https://docs.nextlevelmca.com/llms.txt
> Use this file to discover all available pages before exploring further.

# How do I mark a deal funded?

> Record the final funded terms on the offer, which creates the advance, the Lender Commission and the Rep Commissions and moves the deal to Funded.

When the lender funds, you mark the offer funded. That one step records the final terms, creates the advance, records what the lender owes your brokerage, splits it to your team, and moves the deal to Funded. It needs the **Mark as Funded** permission, which only admins have by default. An admin can grant it to others, see [Permission templates](/help/permission-templates).

<Note>
  You can't drag a deal into the Funded stage or pick it in **Move stage**. Funding always goes through the offer, so the advance and commissions are never missed.
</Note>

## Mark the offer funded

<Steps>
  <Step title="Open the funding window">
    On the deal's **Offers & Contracts** tab, open the funded offer's **⋯** menu and choose **Mark as funded**. Picking a funded stage from the offer's status pill opens the same window. It's titled **Finalize Funded Deal**, with the lender's name under it.
  </Step>

  <Step title="Check the final terms">
    The fields start from the offer. Change anything that differs from what the lender actually funded:

    * **Funded Amount**
    * **Factor Rate**
    * **Number of payments** and **Frequency** (Daily, Weekly, Bi-weekly or Monthly). The number of payments starts from the offer: its term when the term counts payments (60 days paid daily is 60), otherwise payback ÷ the lender's payment (12 months paid weekly at $4,341 on a $225,750 payback is 52). The advance's payoff date follows from it.
    * **Payback Amount** and **Payment Amount**. These don't recalculate when you change the amount or factor, so update them too.
  </Step>

  <Step title="Enter what you earn">
    * **Points (%)**: the lender's commission to you, as a percentage of the funded amount. It starts from the offer's points, or the lender's **Default commission** when the offer has none.
    * **PSF**: an optional fee, as a percentage of the funded amount (**%**) or a flat amount (**\$**).
    * **Funded Date**: defaults to today.
    * **Commission Expected**: when you expect the lender to pay. Defaults to 30 days from today.
  </Step>

  <Step title="Set the Rep Commission splits (optional)">
    **Rep Commissions** lists what will be paid: the originator and closer at their usual **Commission %**, any [manager overrides](/help/manager-overrides), and what the brokerage keeps. Admins can change a percentage, remove a row or click **Add split** for this deal only; everyone else sees the rows read-only. See [Setting a rep's commission %](/help/rep-commission-percent).
  </Step>

  <Step title="Click Confirm Funded">
    A **Deal Funded Successfully!** window asks what to do with the deal:

    * **Close Deal** marks it complete. No more offers will be tracked.
    * **Keep Open for Stacking** leaves it open to track offers for additional funding.
  </Step>
</Steps>

## What happens when you confirm

* **An advance is created** for the funded amount and payback, marked **On track**, with the full payback as the remaining balance. It shows on the **Advances** page and under **After funding** on the deal's **Offers & Contracts** tab.
* **A Lender Commission is recorded** of funded amount × points, as **Pending**, due on the **Commission Expected** date. With no points, none is recorded. See [Lender Commissions](/help/lender-commissions).
* **A PSF is recorded** if you entered one, as **Pending**, due on the funded date.
* **Rep Commissions are created** from the Lender Commission and the PSF: each person's percentage of each, as **Pending**. See [Rep Commissions](/help/rep-commissions).
* **The offer becomes funded and primary.** Any other offer on the deal stops being primary. The funded offer's status is then locked.
* **The lender's submission is set to Approved** and locked.
* **The deal moves to your Funded stage**, and the deal's activity log records the funding.
* **Your CRM is told the deal funded**, so any workflow using the deal funded trigger runs. See [CRM workflow triggers](/help/workflow-triggers).

**Example.** A $50,000 advance at 10 points records a $5,000 Lender Commission. With the originator on 10% and the closer on 15%, and no splits entered, their Rep Commissions are $500 and $750.

## Fixing a mistake

Once funded, the offer can't be marked funded again. If the terms were wrong:

* Open the advance from **After funding** on the deal, or from the **Advances** page, to check what was recorded.
* To start over, delete the advance from its **⋯** menu and tick **Also delete related records** to remove its Lender and Rep Commissions too. Then mark the offer funded again.

## Common problems

<AccordionGroup>
  <Accordion title="Mark as funded isn't in the offer's menu">
    The offer is already funded, or you don't have the **Mark as Funded** permission. Ask an admin.
  </Accordion>

  <Accordion title="'Failed to fund offer'">
    Check the amounts are numbers and the funded date is set, then try again. The message under it says what went wrong.
  </Accordion>

  <Accordion title="No Lender Commission was recorded">
    **Points (%)** was empty or 0 when you confirmed. Delete the advance with its related records and fund the offer again with the points.
  </Accordion>

  <Accordion title="A rep got no Rep Commission">
    They weren't the originator or closer, their **Commission %** is 0, or an admin removed them from **Rep Commissions** when funding. See [Setting a rep's commission %](/help/rep-commission-percent).
  </Accordion>
</AccordionGroup>


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