The consolidation report shows the client what their monthly payment and total interest would look like if they rolled their other debts into a refinance. It's a one-time programmatic send.
What's In The Report
- The client's current monthly burden (mortgage + other debts).
- The proposed consolidated monthly payment.
- Monthly savings vs. their current situation.
- Total interest savings over the term of the new mortgage.
- A breakdown of which debts are being rolled in.
The math comes from the debts you've captured on the client's Debts page combined with the rate options on their Rate page.
When To Send
Send a consolidation report when:
- You've captured the client's debts.
- The monthly savings number is meaningful (typically $300+).
- The client has either expressed interest in consolidation or you want to plant the seed.
It works especially well as a follow-up after a renewal or refinance conversation.
How To Send
- Open the client's Reports tab.
- Click Send Consolidation Report.
- Choose Email or SMS (SMS requires RingCentral).
- Send.
This is a one-time send - there's no monthly toggle for consolidation reports. If you want to send another later, you click Send again.
Required Setup
For the report to make sense, you need:
- Client debts captured (Adding Client Debts).
- A valid current rate and balance on the mortgage.
- An email or phone number on file for the client.
What To Do Next
- Capture debts first: Adding Client Debts For Consolidation Analysis.
- Compare to the equity report: The Equity Report.
- For all report types side-by-side: The Four Report Types At A Glance.