Release Notes - 2023-02-01
**![][1]** **February 1st, 2023** **Announcements** # **Ventures+** * * * # # *****MUST READ***** **_New Enhancement _** **EXPANDED JOB TRACKING CAPABILITY** We are excited to announce we have added new functionality for Job Tracking. This enhancement includes the ability to allow Lenders to track job numbers…
Setting up Deferments in Payment Accounts
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 …
Payments Adjustment Transaction Types
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…
Payments 1098 Report
**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…
Payments Generating Annual Interest Letters
For Payments users (non 504 payment processing module) only. The attached workbook will show you how to generate Annual Interest Letters and explain the mapping of the information within the letter.
