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 during the servicing stage at any point …
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. b.…
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.
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…
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 …