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 Statement feature in Servicing Director requires that you include criteria in the Event to filter out statements for only the current month.
You should add the following criteria to the Periodic Billing Statement Event:
CurrentStatement = YES
ArticleNumber:
000066657
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