Modifying Other Funds Records in Servicing Director

Modifying Other Funds Records in Servicing Director

How to change records for items paid from the other funds balance for the selected loan.


To Modify Other Funds Records:
  1. Open the Tracking application.
  2. Click Options > Other Funds. The Select Other Funds window appears.
  3. Click Edit. The Edit Other Funds window appears. Note: Payee, Policy Number 1 ,and Insured are required fields.
  4. Enter the unique identification number for the vendor in the payee field.
  5. Enter the policy number assigned to this insurance policy by the vendor in the policy number 1 field.
  6. Select the borrower covered by the insurance policy from the insured drop-down list.
  7. Complete the other funds field as needed.
  8. Select ok.

ArticleNumber:

000048300

    • Related Articles

    • Adjusting Other Funds Balances and Due Dates in Servicing Director

      You can adjust the other funds balance or due date for another funds record. Servicing Director will create and then apply the other funds payment or disbursement to an other funds default record if: An other funds payment or disbursement is not an ...

    • Setting Up Other Funds Records

      You can set up records for items paid from the other funds balance such as optional insurance policy payments. These types of items can be paid with a loan's other funds balance. To Set up and other funds record Access the tracking application. ...

    • Modifying ARM Templates

      You can change existing ARM templates. Templates you change do not affect ARM loans that currently use the templates. Use the Adjustable Rate Mortgage application Options > ARM Template screen to edit a template. For detailed steps, see the Servicing ...

    • Editing the Servicing Director Investor Accounting Current Month's Cutoff Records

      This procedure edits the current month's Servicing Director investor accounting cutoff records. Open Investor Accounting. On the Latest Cutoffs list, double-click the investor you wish to modify to open the Cutoff Summary screen. On the Cutoff ...

    • New/Edit Other Funds Screen

      Use the New/Edit Other Funds screen to add, change, or delete information for items paid from the other funds balance a selected loan. For example, a voluntary or optional insurance policy can be paid with a loan's other funds balance. If you are ...