The steps below will show you how to increase the loan amount on a previously boarded a payment account and disburse the additional funds. The new amount added will then be available to disburse in the Payments > Transactions menu. If there is a transaction posted before the effective date you want to disburse additio…
***This KB article is for Payments clients that use the Metro2 Credit Reporting module*** For information regarding how to generate a Metro2 Credit Report, please see the [Payments Metro2 Credit Reporting Cheat Sheet][1] article. A change to the reporting identification number is done at the time of report generatio…
If you **DO NOT** have **Payments: Ownership **(a_dd-on module),_ you can still track and report on a loan fund or loan pool if they funded/own 100% of the Amount Financed. **ACTION ONE**- _Set up Associated Transaction_ 1) Within the loan go to the **Associated Transactions **menu 2) Click **+Add** 3) Select **Fu…
This article will explain what _Fee _transaction types can be assessed within a borrower's payment account. There are 3 transaction types that are labelled as Fee: * Late Fee * NSF Fee * Other Fee ![][1] **Late Fee** Transaction Type * Using the Late Fee transaction type will allow you to assess a late fee…
Before using the Tracking menu > Disbursements with Payments+, please review the KB article **Using the Tracking menu > Disbursements **to learn how the Disbursements menu works. This article will show users that have Payments (non 504 payment processing add-on module) how to: - Link funds already disbursed in the pa…
This KB article will give you instructions on how to add an Owner, Investor, or Pool/Fund when boarding a payment account. This process is for clients that have the Ownership piece. You can always add an Owner, Investor, or Pool/Fund after the payment account has been boarded. Please board the payment account followin…
Please read the full article before making any changes. Go to **Payments > Transactions** menu to begin. _FULL DEFERMENT/NO PAYMENTS_ 1) First confirm the **Total Amount Due** is correct. a. If the month of the payment being deferred has already been billed, void out or delete the billing statement. ![][1] b. If …
Users have the option of sending the same system billing statement to all borrowers or, if they have Web Templates, they can 1) assign a custom billing statement to all borrowers or 2) assign different custom billing statements per loan type. # ****Default System Billing Statement**** 1. If you need to set up or c…
You will need to be able to access the **Payments** main menu tab in order to generate a1502 report. You will be able to generate a report filtered by different loan programs and report types. **_How to Generate a 1502 report_** 1) Click on the **Payments** main menu tab on the upper right hand site of your Ventures…
This article will explain what each _Adjustment_ transaction type can adjust within your borrower's payment account. There are 3 transaction types that are labelled as **Adjustment:** * Total Amount Due * Due Date * Interest Paid to Date ![][1] What does the **Adjustment: Total Amount Due** transaction type c…