You can set up bank accounts that investors want you to place funds in when remittances are due.

After you set up the accounts, you can select them from the Principal & Interest (P&I); T&I, Unapplied, Loss Draft; and Assistance fields in Investor Accounting.
You can use the same P&I bank account for different investors. However, if you use the account for pools, all investors who use the account must have the same reporting type and the same remittance date (the P&I bank account is designated on the Investor Detail screen - Funds Appl tab). For example, Ginnie Mae I and Ginnie Mae II (GNMA I and GNMA II) pools must use separate bank accounts.

1. Open System Administration.
2. Click Table Setup.
3. Select Bank Accounts.
4. Click Open.
5. Click New.
6. Enter a code for the Bank Account, enter the Description and the Name and Address, transit routing number and account number the the Bank.
7. Select Pools and fill out the Advance Information.

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000047687