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loan servicing software

 

 

 


No more Excel !

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Bottom Line Software, Inc
PO Box 118826
Carrollton, TX 75011-8826
972-394-4087

 
 




Typical Question:

A loan is past due but does not receive a past due notice?
 


  Answer:

Notices are created during the daily update cycle. The changes suggested here will not produce notices for loans that have been updated in the past.

If this happens on all loans all the time, read the FAQ "How Do Notices Work?"

If this happens on only one or a few loans continue here.

Notices are determined by two things: Mail Codes and Dates.

Check the problem loans first for Mail Codes. Set them to "A" (All).

If the mail codes are set to "A" and there are still no notices there are two remaining possibilities.

1 ) One or more dates is set wrong

Check these Dates

These dates could influence past due status:

Date Note
First Payment Due
Final Maturity Date
Next Payment Due
Payment Due For
Previous Maturity Date
Date Update
Next Past Due Notice
Deferral Ends
 

None of these dates may be blank
 

2 ) No Notice Is Due

Just because a loan is past due does not necessarily mean a past due notice is due today. See the FAQ "How Do Notices Work?"



 


 
 

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