1. System Administration select Table Setup select Loss Draft Tracking Template
2. As part of the investor and loan type requirements regarding loss draft, a Loss Tracking Template will be created in order to identify various investor requirements. As part of the install a default template is delivered. The template will allow the user to select specific investor and/or loan types and the % that can be disbursed without investor approval based on the claim amount and the principal balance of the loan.
3. Tracking Select Options select Loss Draft Tracking.
4. Basic information concerning each loan is added for the claim.  Claim Detail information includes the claim #, check #, amount of check (multiple checks can be issued by insurance company for one claim).
5. Payment Posting Select Rapid Entry or Exception Entry select Transaction code 270 - Loss Draft Payment.
6. After the Claim Detail Information has been setup in the Tracking module the check is deposited which updates the Total Claim Amount Received field on the Loss Draft Claim Tracking screen.
7. Disbursement Select Miscellaneous Disb Select Transaction code DisbDetailMis.TransactionCode = 670
8. The appropriate Loss Draft Claim ID is selected and the record on the loan is updated with the disbursements.

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000048451