Periodic Billing Statement is Incorrectly Generated for a Current, Fixed Rate, Coupon Loan

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• Periodic Billing Statements are Generated for All Prior Months Instead of for Only the Current Month

  You may find that when you run the Periodic Billing Statements Event in Servicing Director, that the statements generated are for all prior months for your loans, instead of for just the current month. Workaround: The design of the Periodic Billing ...

• Servicing Director Periodic Billing Statement or HFS Monthly Billing Statement Export File Does Not Contain Co-Borrower Name and Information

  You may find that the Periodic Billing Statement or the HFS Monthly Billing Statement Export File, generated from Servicing Director, does not contain the name and information of a co-borrower on a loan. Workaround: In order for the co-borrower name ...

• Periodic Billing Statement Event Does Not Include Loans that are set up with Exception Mail Stops or Coupon Stops

  You may find that when you run the Periodic Billing Statement Event to produce and print the Periodic Billing Statements, that loans with either Exception Mail Stops or Coupon Stops are not included. You want to produce and print Periodic Billing ...

• Periodic Billing Statement Shows Transaction Activity for Entire History of the Loan instead of only Last Month's Transaction Activity

  When you produce a Periodic Billing Statement for a loan, you may find that the transaction activity on the Periodic Billing Statement shows activity for the entire history of the loan, instead of just the expected activity for the past month. ...

• Loans Paid through Next Month Receiving Billing for $0.00 Amount Due on Periodic Statement

  Loans that are prepaid, or new and first payment not due in the next month, are receiving a periodic statement that indicates that the amount due is zero. Workaround: This is correct. Regulation Z requires a periodic mortgage statement be provided to ...