Can Servicing Director Support Variable Line or Multiple Balance Loans?
Can Servicing Director Support Variable Line or Multiple Balance Loans?
Servicing Director can support single line fixed or adjustable rate HELOC loans. The ability to service HELOCs with multiple balances that are subject to multiple rates is not included.
Straight Line is used for interest only loans, using the internal rate of return. Interest method must be Interest only. Environment: Servicing Director ArticleNumber: 000055190
Users should monitor the Loans Maturity Detail Report for loans that are due for repricing, and then review the Unapplied report that shows a list of all loans with a positive figure in the unapplied balance field. The Unapplied report also shows the ...
The End Of Year Rollover Event for 2016 reporting year must be run on Servicing Director release 16.3. In this release, the End Of Year Rollover Event will capture the beginning principal balance of loans as of January 1, 2016. If a loan was added ...
Servicing Director delivers the Bulk Comment Event in Event Manager, which allows you to add the same comment to multiple loans. For the Bulk Comment Event, the following conditions must be met: Only loans that are "active" are selected. Only primary ...
To process construction loans in Servicing Director, you must first set up the system for construction loans as follows: Set up a company to allow construction loans. Set up cost codes and cost code templates. Set up inspections and assign the ...