Servicing Director Monthly ACH Payment Did Not Draft

Servicing Director Monthly ACH Payment Did Not Draft

Several conditions prevent an ACH payment from being drafted on a loan.

If ACH payments do not draft or loans are not included in the ACH Export, use the following checklist to find the condition that applies to your loan.

Workaround:

  • The ACH payment does not match the user-defined ACH Export Criteria.
  • The ACH Control Code (Internal or External) and the draft day on the ACH Export Criteria match the ACH setup on the loan.
  • The ACH payment is for an ARM loan that is due for a rate change.
  • The ACH payment is for an ARM loan and the Next P&I Change Date is less than or equal to the draft date.
  • An ACH Stop is in effect on the loan.
  • The Loan Status is inactive.
  • The loan is paid ahead and the ACH is not set up to allow pre-payments.
  • The Amount Drafted not Posted does not equal zero in the ACH screen.
  • The Current Transaction Date + five days is greater than the ACH draft date.
  • The ACH payment will be delinquent.

 

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