Related Articles
Defer the Interest Accrual for a Loan
You would like to know how to defer the interest accrual for a loan. To defer the interest accrual: Select System administration > Company table > Loan control. Select the number of days in the Defer Accrual after days(). If the Defer Accrual After ...
Restarting Interest Accruals
Items to check when interest accruals have stopped 1. Is the daily simple interest accrual update running daily? 2. Did the daily simple interest accrual update fail in the end of day runall? 3. Check the investor funds applied tab. How is the ...
Adding Interest on Escrow and Interest on Loss Draft Transactions to Batches
You can automatically create a batch of interest on escrow or interest on loss draft payments, add these transactions to batches and credit borrower accounts. It is important to remember the following If you are building a batch as part of your ...
Interest Accrual Methodology
Interest Accrual Methodology- the calculation of the actual daily interest accrual amount is determined by the interest method assigned to the loan. Calculations will be done systematically as follows. Arrears Interest Method: Calculations is unpaid ...
Servicing Director Supported Interest Accrual Methods
Servicing Director provides for several different interest accrual methods. Interest Methods are assigned at the loan level. These methods are: Arrears Interest that is applied in arrears pays the interest for the previous month. For example, a ...