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How to create a second mortgage

This article outlines how to create a second lien/mortgage inside Sonar.

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Written by Hannah Levick
Updated over 5 months ago

To add a second mortgage on Sonar, follow these steps:

  1. Navigate to the Transaction Tab

    • Log into your Sonar account and open the relevant loan file.

    • Go to the Transaction tab from the main navigation or click Edit from the Summary page

  2. Modify the Lien Position

    • Within the Transaction tab, locate the section for lien positions.

    • Update the lien position to reflect the new mortgage as Second Position.

  3. Review and Save

    • Confirm all details to ensure accuracy.

    • Click Save to apply the changes.

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