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Home > Training > Payments > Statements After a Loan Reaches Maturity
Statements After a Loan Reaches Maturity
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After a loan passes its maturity date, statements generated from Ventures will switch to payoff statements, as when a loan reaches maturity, it should be paid off.

This occurs automatically. The statement will pull Payoff data from the Payoff Requests menu in Ventures. 

 

The maturity date is set when you are boarding the loan into Payments. It can be reviewed on the Loan Details page in the Payments submenu

 

 

Any statements generated from the Transactions page in the Payments submenu will use the math for a payoff statement to generate.

 

 

The statement will pull information from the Payoff-Requests page in the Payments submenu. You can review the data by navigating to the Payoff-Requests page and clicking the Add button. A popup will appear containing payoff information. This is the information the Generate Statement button will pull from.

 

Please note: The estimate date will be the bill date on the generated statement.

 

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