Stopping Late Charges on a Group of Loans

Stopping Late Charges on a Group of Loans

This article explains how to stop late charges from assessing on a loan when a borrower has been affected by a natural disaster.
Servicing Director delivers a event called Temporarily Stop Late Charge Update, You can temporarily stop assessing late charges based on State, County Code, Zip Code or Loan ID.
To stop late charges do the following:
 
  1. Select System Administration
  2. Select Event Manager
  3. Expand Collections
  4. Expand Updates
  5. Select Temporarily Stop Late Charge, and drag it over to the Scheduled instances
  6. Enter Criteria by selecting New
For further details on the Criteria and the Temporarily Stop Late Charge Update Please review to the Help Topic in Servicing Director by selecting F1

ArticleNumber:

000050544

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