Final Analysis Has Been Completed and Now User Needs to Reanalyze Loan
User has completed and finalized an Analysis batch and now realizes that some of the loans are incorrect and it is past the 14 days from the effective date of the batch so they are not able to use the Reverse analysis procedure via event manger.
Go into Analysis> Loan Lookup and retrieve Analysis information (Analysis date and Pmt Change information) for the loans which are incorrect; make note of this information in the Comments screen>Customer Service. (This incorrect analysis record will still appear in the Analysis module even after the correcting entries are made.) If there was a Surplus Batch Processed from the incorrect Analysis batch, you may wish to redeposit this amount into the Escrow balance then follow below instructions. If you choose to or the refund has already been sent, you will want to make note of this with your comments. - Reset the LastAnalyzedDate back to what the date was prior to the incorrect Analysis date.
- Pull loan into a manual batch with setup for the correct month which you would like the pmt change to occur.
- Run batch through Trial Analysis.
- Verify loan information is correct then finalize batch.
ArticleNumber:
000050670
Related Articles
Reversing a Final Escrow Analysis
You can reverse a final escrow analysis for an individual loan or batch of loans if the following conditions are met: The most recent final escrow analysis is reversed. A reversal is performed within 14 days of the final escrow analysis. Loans are ...
Reversing a Final Analysis in Servicing Director
You can reverse a final escrow analysis for an individual loan or batch of loans Servicing Director if the following conditions are met: The most recent final escrow analysis is reversed. A reversal is performed within 14 days of the final escrow ...
Setting up Security Permissions for User Groups
Follow these steps to add and modify a new user group. The attached worksheet is provided as a tool to use when setting up new groups. Groups are set up with permissions for access and update capabilities throughout Servicing Director. Users assigned ...
Enabling more than one Trial Analysis Batch per Loan
There is a setting in System Administration, Table setup, that limits users to allow only one Trial Analysis Batch per loan. The Purpose of this Article is to instruct a user to change the setting to allow more than one Trial Batch per loan. ...
Re-analyzing an Individual Loan
Sometimes you might update loan information after you run the trial calculations of a loan. You can re-analyze individual loans so their analysis calculations are correct by using the Re-analyze Loan button on the Analysis screen. Note: You cannot ...