Analysis Stops Are Unexpectedly Placed on Loans Preventing Loans From Being Analyzed
After processing an Escrow Analysis in Servicing Director, you might find that some loans are not being analyzed because they have an Analysis Stop on them.
You may also find that the Analysis Stops were not placed manually by a user, or through an associated Legal or Warning status, and that the Comments All Changes screen does not show any record of the stops.
Workaround:
If you have set up and use the Forced Place Insurance interface in Servicing Director, then this interface might be causing the unexpected Analysis Stops.
This interface requires running the Event Manager Insurance Tracker Update Event, which can create Analysis Stops.
If you use the Forced Place Insurance interface, view your Forced Place Insurance setup as follows:
- Open the System Administration application.
- Click Setup.
- Select Force Place Insurance Setup.
- Click Open.
On the Forced Place Insurance Setup screen, there is an option to Set Analysis Stop when policy expires and is awaiting force placement. When you select this check box, the Insurance Tracker Update places an analysis stop on the Status & Stops screen for any loan that has an expired insurance policy, and is waiting to be force placed.
The Analysis Stops continue to occur unless you do one of the following (i.e. determine which option is best for you):
- Clear the check box, Set Analysis Stop when policy expires and is awaiting force placement.
- Review the tracking records of each individual loan in the Tracking Module and determine if the expiration date is appropriate and correct, and updating the expiration dates accordingly.
You can use the Escrow Analysis Trial Balance Report as a list of all the loans to review.
ArticleNumber:
000060298