Periodic Billing Statements are Being Produced for Loans Where the Consumer is in Bankruptcy

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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 ...

• 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 ...

• 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 is Incorrectly Generated for a Current, Fixed Rate, Coupon Loan

  You may find that on a loan that is set up as payment method Coupon, and is a current fixed rate loan, and is included in your NCP normal export or the NCP-Year End export, that a Periodic Billing Statement is being generated and produced by the ...

• Billing statement export does not have identifier field to identify loans that are receiving online billing statements

  If you have a third party online solution that provides borrowers with online billing statements, you may want the Fusion Servicing Director Billing Statement Export to identify to your print vendor which loans in the Billing Statement Export are ...