There are two ways to change a loan’s base rate: * Either within the loan ; or * Processed within a bulk action Changing the Base Rate Within A Loan: 1.Go to Payments > Transactions > Click +Add 2.Select Transaction Type : Set Interest Rate 3.Fill out all required fields and adjust the Bas…
Part 1 - Tracking borrowers that are 1098 recipients The Lender will need to identify which payment accounts require IRS 1098 reporting. There is a helpful report, located in Reports & Letters, to assist in identifying potential 1098 reporting borrowers called "Payments: Potential 1098 Reporting." This report IS …
* Contact Method - Select which method the borrower would like to receive their billing statement by: * Mail - Select this option if the borrower would like to receive their billing statement by mail. When generating billing statements in Payments > Actions > Generate Statements, the borrower's statement wi…
Here are our previously recorded webinars covering Payment Administration, Boarding and Transaction Types, along with links to relevant articles in our Knowledge Base: Administration and Boarding Webinar Transaction Types Boarding and Administration How to Board a Payment Account in Payments Schedu…
This article will show you how to post a payment to a borrower's account, and how to reverse or delete out the payment. There are two items you will want to confirm before you begin: * Do you have the appropriate permission settings? You need to be able to access the Payments > Transactions menu within a loan, …
Want to export NACHA files from Ventures to send to your Bank to initiate ACH debits? If yes, then you will need to set up a few items ahead of time in order for this to be successful. NEED TO KNOW - Exported NACHA file uses SEC code PPD or CCD *** CHECK WITH YOUR BANK TO CONFIRM YOU ARE AUTHORIZED TO INITIAT…
***This KB article is for Payments clients that use the Metro2 Credit Reporting module*** Q: How do I set up an account for reporting? A: In the Payments Menu > Credit Reporting (Metro2) > Manage Accounts menu you will be able to set up accounts for credit reporting. The Manage Accounts grid lists all boarded …