Reversing a loan modification that has been processed and posted

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• Reversing payments applied prior to conversion

  Systematic payment reversals cannot be processed for payments that were applied prior to conversion. Use the following procedure when reversing payments that were applied prior to conversion. 1) Review the payment history on the old system. Record ...

• Payments Posted Through the Master Servicing Module in the Actual Loan History

  Payments posted through the Master Servicing Module can be seen in the actual loan history; however, reversal of payment(s) will remove all trace of the payment ever being posted from the history. ArticleNumber: 000054944

• Calculation Of Loan Modification Total New Estimated Payment

  In the Servicing Director, Collections application, Loan Modification feature, a Total New Estimated Payment is calculated when a new loan modification is set up for a loan. This is an explanation of the internal system calculation of the Total New ...

• Reversing a Disbursement in Servicing Director

  You posted a disbursement in error and it needs to be reversed. Currently there is no way to reverse a posted disbursement batch in Servicing Director. A Work Around is shown below. Work Around: It is up to the institution what transaction code is ...

• Reversing a Final Escrow Analysis

  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 ...