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 What does the Adjustment: Total Amount Due transaction type change? * T…
* 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…
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. ***This KB article is for Payments clients that use the 1502 Reporting module*** How to Generate a 1502 report * Click …
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 …
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, …
Click here to return to the foundational webinar hub page. The videos below and the attachments to this article cover using the Payments section of Ventures. Please note that Payments is an add on to Ventures. Administration and Boarding Webinar Transaction Types Viewing Tips: * Use the Ta…
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. ***This KB article is for Payments clients that use the NACHA module*** NEED TO KNOW - Exported NACHA file uses SEC code PP…
***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 …