Eliminating the PMI portion from the payment cushion when doing a escrow analysis on a batch of loans Go to>System Adminstration>Table Setup Select>Escrow Type>Open Highlight Mortgage Insurance Type (PMI)>edit>Unselect the box Use escrow payment ...
You can reverse a final escrow analysis for an individual loan or batch of loans if the following conditions are met: The most recent final escrow analysis is reversed. A reversal is performed within 14 days of the final escrow analysis. Loans are ...
In some cases if you decide that the borrowers can pay their own taxes or insurance, you can remove escrow accounts from loans. The basic process is as follows: Go to the Tracking Module, and change the relevant details for the loan for the tax ...
Sometimes you might update loan information after you run the trial calculations of a loan. You can re-analyze individual loans so their analysis calculations are correct by using the Re-analyze Loan button on the Analysis screen. Note: You cannot ...
To Maintain the Agreed upon Payment Amount with Customer in the Collections Repayment Plan during Analysis, you must place an Analysis Stop on the loan, and Perform the Analysis after the Loan is Brought Current. ArticleNumber: 000052877