Setting up Servicing Director to Automatically Apply Payments from Unapplied Funds

Setting up Servicing Director to Automatically Apply Payments from Unapplied Funds

Using the company table, you can set your loans to automatically apply payments from the unapplied balance of a loan when the unapplied balance is equal than or greater to the payment amount.

To set loans to automatically apply payments from the unapplied balance:

  1. Select System Administration > Table setup.
  2. Select Company > Open.
  3. Select the Loan Control tab and under Unapplied Funds Details, select the Automatically Apply to Payments check box.
  4. Click OK.

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000051085