Why is there odd days interest included in total interest due on your payoff quote?
Workaround:
Odd days interest is located in the balance screen which is manually added at the time of a payoff quote. This amount will be added to the interest due totals.
There must be a history record to calculate prepaid interest. Root Cause: In the case of a new loan, if no payment has been made yet, but the loan will be paid off now, you may receive this error when you try to calculate a payoff or produce a payoff ...
The encyclopedia states that updating the Maximum Negative Days in the FSP Privilege Pay control screen does not update Existing members that have previously qualified for Privilege Pay. Workaround: Submit a case through Case Management to change ...
Error: There is currently a payoff being posted to this loan Root Cause: The error indicates that you have another payoff record set up for this loan. Most likely you have one that already exists in a payoff batch in Payment Processing which is un ...
When a draw is taken after paying down a HELOC loan to zero (both interest and principal amounts paid down to zero), the system incorrectly calculates interest for the draw amount from the date the loan was paid down. Root Cause: The system does not ...
You selected Principal Only Payment from transaction code field. But the batch effective date has passed the grace days for additional principal and payment rules. Select another value in the transaction codes or change the grace days in the payment ...