Running the Automatic Escrow Refund Update Event

Running the Automatic Escrow Refund Update Event

The Automatic Escrow Refund event will build a miscellaneous batch in Disbursements, which will include all loans that paid off 15 days or more and have a escrow balance greater than zero.
To run the Automatic Escrow Refund Update event:
  1. Select System Administration.
  2. Select Event Manager.
  3. On the available events list, expand the Disbursements category.
  4. Select the Automatic Escrow Refund Upd event, and drag it to Scheduled Instances list.
  5. Schedule or run the event as needed.

If you run the event, it will create a miscellaneous batch in Disbursements, and the batch can be posted from the miscellaneous batch screen.

ArticleNumber:

000049172

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