Adding Signers to a Business Entity

Complete the following steps to add an individual signer to a business account.

1. Navigate to OnBoard Loans.
2. Select Loans > Loans in Process.
3. Search for the business account by using the Account No or the Borrower Full Name search options.
4. Select the Edit option to add the entity party to the account.
5. In Parties to the Loan, select Add New.
6. Search for the existing customer using any of the following options:
   • Short Name
   • Tax ID
   • Account Number
   • Telephone Number
   • CIF Number

   
   

   

   
   
7. Add an entity party to the account in Loans in Process > Parties to the Loan.
8. Complete all required fields for the entity on the Customer tab.
   The following warning message appears: Customer data will now be saved, but at least 1 signer must be added on the Signer Tab to continue to Characteristics.
9. Select Save.
10. Select the Signers tab.
    Note For the Signer tab to be available, the business must be designated as an Entity in the Customer Type field, or the customer must be designated as a Sole Proprietorship, Trust, or LLC when the Customer Type is Individual.
    The Add New tab opens.
    

    

    
    
11. Complete all required fields.
    Note When you select Signer Required to Sign Note and/or Commercial Loan Application, the system adds the name of the signer to the Promissory Note. When you select Signer is Required to Sign the Authorization?, the system places the name of the signer as a witness at the bottom of the Authorization Form.

    Tip Additional fields appear for input, depending on whether the signer is an Entity or Individual.
12. Select Save.
    The Add New tab remains open to add additional signers.
13. Repeat this process for each additional signer.
14. Select Cancel to return to the Existing tab.
    
    

    

    
    
15. If an Authorization Form is required, click Assign Authority for Signer on the Existing tab and select the appropriate authorities.
    Note A warning appears when the authority resolution must be completed if the Allow Warning Message to Alert User That They Have Not Completed All of the Necessary Information to Complete an Authorization Resolution from Administration > Institution Settings > Loans is selected.