Setting Up Other Funds Records

Setting Up Other Funds Records

You can set up records for items paid from the other funds balance such as optional insurance policy payments.
These types of items can be paid with a loan's other funds balance.
 
To Set up and other funds record
  1. Access the tracking application.
  2. Select Options.
  3. Select Other funds.
  4. Select New.
    Note: The required fields for the New Other funds screen are:
  • Payee
  • Policy number 1
  • Insured
  1. Enter the unique identification number for the vendor in the Payee field.
  2. Enter the Policy Number assigned to this insurance policy by the vendor, in the Policy Number 1 field.
  3. Select the borrower covered by the insurance policy from the Insured drop-down list.
  4. Complete the other fields as needed.
  5. Click Ok.

ArticleNumber:

000050352