Servicing Director Periodic Billing Statements
Transaction Activity
The following types of transactions are included in the Transaction Activity section on the Periodic Billing Statement (transactions that do not involve payments due or paid by the borrower are not included):
- Transaction Code BETWEEN 71 AND 80 - Fees assessments/waivers
- Transaction Code BETWEEN 201 AND 235 - Payments
- Transaction Code BETWEEN 260 AND 266 - Unapplied
- Transaction Code BETWEEN 300 AND 320 - Fee payments
- Transaction Code IN (330,620,660,720,730) - Disbursements of principal, unapplied or fees
Transactions will be included when they occur between the Last Periodic Bill date and the PriorTransPostDate at the time the Monthly Billing Statement Upd event is run. Descriptions used for these transactions usually come from the Transaction Code table. Please refer to knowledge articles for a full list of Servicing Director transaction codes and their descriptions.
Partial Payments
The partial payment amount is the unapplied funds (last month); these amounts are reflected in the loan history, including transaction codes 260, 265, and 266.
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000053744