How to Automatically Apply Payments from Unapplied

You can automatically apply payments in Servicing Director from unapplied for a loan by running the Build payments from Unapplied Update event. This event builds a payment batch for loans where the unapplied balance is greater then or equal to the payment amount. After you run the event, you must post the batch in Payment Processing.

Note: You must post the batch on the same day you run the event.
Running the Build Payments from Unapplied Update:
1. Open Event manager expand Payment Processing under Available events.
2. Highlight Build Payments from Unapplied Update, and then drag it to the Scheduled Events list.
3. Highlight Build Payments from Unapplied Update from the scheduled Instances list and then select run.

ArticleNumber:

000051087

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How to Automatically Apply Payments from Unapplied

How to Automatically Apply Payments from Unapplied

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