The Payment Schedule Generation update computes and stores detailed payment due information for each loan up to the current or next due date. This update is included in Servicing Director as a daily close-out event. You should run it every day after you run the Change Posting Date Update and before you run any other event. When you receive Servicing Director, this event is already scheduled for you. (The Priority field on the Schedule screen for this event should display 2.)

Records are added to the Payment Due table for various reasons. For example, records are added when:

• Payment is posted or reversed
• A payment change record is added or modified
• The posting date advances past another due date
• Critical fields have changed

• Add Payment Due records beyond the maturity date
• Create Payment Due records when the projected principal balance reaches zero
• Add records when the loan is inactive

Payment Due records are used for monthly billing statements and collection letters. You can rebuild Payment Due records on a single loan by selecting the Rebuild Payment Schedule button on the Payment Change screen.

• Access the Event Manager Application
• From the scheduled instances list select Pmt Schedule Generation Upd
• Select Criteria

1. Use current transaction date: Select this option to run the update based on the current transaction posting date
2. Use Entered Date: Select this option and enter a date in the Control Date field to base the payment schedule generation on another date

• Click OK
• Click Run

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