Deleting a Pool

Deleting a Pool

You may be able to permanently delete the ‘empty’ pool through the following steps:
  • Investor Accounting Application
  • Edit Investor
  • Pools/Groups.
However, you may encounter an error that you cannot delete a pool that has loans in it, even if the pool is empty. This is because you have records for this pool in the poolcutoff tables, and so you will not be able to delete this pool.

 

Environment:

Servicing Director

ArticleNumber:

000054547

    • Related Articles

    • Tracking Pool Cash

      The Pool Cash screen displays pool cash records. These records include all deposit, remittance, and adjustment activity at the Bank Account level, but do not include advance or recovery amounts. To add a Manual Adjustment to the Pool Cash: Access the ...

    • Reconciling Pool Security Balances

      You can use the Security Balance Reconciliation view to help reconcile pool security balances. You can also run the following reports, which provide more detail: The Security Balance Reconciliation report (which corresponds to the Security Balance ...

    • Reconciling Pool Cash

      You can use the Expected P&I view and the Cash Flow Reconciliation view to help reconcile the pool cash balance in a P&I account. You can also use the following reports, which correspond to the views, but provide more detail: The Test of Expected P&I ...

    • Deleting ARM Templates

      You can delete templates that are not being used by any existing ARM loans. Templates you delete will no longer appear in the Template Description field on the ARM Information screen. Use the Adjustable Rate Mortgage Application Options > ARM ...

    • Viewing Servicing Director Pool Reporting Certificate Information

      Use the Servicing Director Pool Reporting application to view Certificate information. Open Pool Reporting. Select the investor you want to view, and click OK. Select the pool number in question. Click the Pool Certificate button. ArticleNumber: ...