The Payment Batch Effective Date is Incorrect

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• Servicing Director Payment Posting Error : "You selected Principal Only Payment from Transaction Code field. But the batch effective date has passed the grace days..."

  You selected Principal Only Payment from transaction code field. But the batch effective date has passed the grace days for additional principal and payment rules. Select another value in the transaction codes or change the grace days in the payment ...

• Payment Effective Date on the DSI Loan is Prior to Another Payment Post

  While posting a payment on DSI Loans, you receive the following error: Payment Effective Date on the DSI Loan is prior to another payment post. Workaround: Go to Payment Processing > Reversal. Reverse the last payments for that loan(s). If you’ve ...

• Servicing Director Payment Processing Incorrectly Creates a Payment Batch Total Amount for One Penny More Than the Imported Lockbox Payment File

  When a lockbox file is imported into Servicing Director using the Lockbox Import Event, if the lockbox file contains a record with a transaction code of 260 - Unapplied Payment, and an amount equal to the payoff amount for that loan. You may find ...

• Reversing Entire Payment Batch In Servicing Director

  This article describes how a user can reverse an entire Payment Processing batch Workaround: Only payment batches that were posted in the last 5 days can get reversed. Use the following steps to reverse the Batch that was posted in the last 5 days: ...

• Servicing Director Payment Processing Error : "The Accrued Through Date On This DSI Loan Is Not Current"

  The Accrued Through Date On This DSI Loan Is Not Current Root Cause: You may encounter this error when attempting to process a payment on a DSI loan (Daily simple interest method). This would indicate that the 'accrued through date' on your loan has ...