Search found 23 matches

by mark415
Wed Jun 21, 2023 11:02 pm
Forum: Configuring Loans
Topic: Multiple lenders on a loan
Replies: 4
Views: 113175

Re: Multiple lenders on a loan

Hi Josh,

Thanks for the detailed explanation. I should have been using the investor Report all along anyway. It's better for tracking amortization.

Thanks,
Mark
by mark415
Wed Jun 21, 2023 7:01 pm
Forum: Configuring Loans
Topic: Multiple lenders on a loan
Replies: 4
Views: 113175

Re: Multiple lenders on a loan

Hi Josh,

I have a custom report that includes the field Payment:Amount. Perhaps I'm not selecting the right field for that report?

Thanks,
Mark
by mark415
Mon Jun 19, 2023 6:05 pm
Forum: Configuring Loans
Topic: Multiple lenders on a loan
Replies: 4
Views: 113175

Multiple lenders on a loan

Hi Josh, I am originating one loan with two lenders. In Loan Settings I have indicated the appropriate ownership percentage for each lender. I have always run a monthly report for each lender that includes a "Payment Amount". For this loan that entry shows the total payment received alloca...
by mark415
Thu Aug 25, 2022 5:52 pm
Forum: Management and Financials
Topic: How to prevent payments from being applied to late fees
Replies: 7
Views: 28369

Re: How to prevent payments from being applied to late fees

Hi Josh, Thank you for the thoughtful reply. You speak the truth. I will just toggle that checkbox prior to running the VoM report (I put the reminder to do that right in the title of the report). Here's my longer answer since I appreciate your thought on this question: When I generate a "Verif...
by mark415
Wed Aug 24, 2022 5:03 pm
Forum: Management and Financials
Topic: How to prevent payments from being applied to late fees
Replies: 7
Views: 28369

Re: How to prevent payments from being applied to late fees

Hi Josh, I figured out why I checked the box "charged but not due" for late fees: When the box is unchecked then "Next Payment Due" is impacted by late fees. When I generate reports (e.g. a Verification of Mortgage) I want the "Next Payment Due" to be net of late fees. ...
by mark415
Mon Jul 25, 2022 8:23 pm
Forum: Management and Financials
Topic: How to prevent payments from being applied to late fees
Replies: 7
Views: 28369

Re: How to prevent payments from being applied to late fees

Hi Josh, Thanks for those pointers and for jumping on the phone with me to find a solution. You discovered that I had checked the box "Charged but not due" on the Late Fee setting on this loan. You further noted that this setting combined with an earlier waived late fee was interfering wit...
by mark415
Sat Jul 23, 2022 12:02 am
Forum: Management and Financials
Topic: How to prevent payments from being applied to late fees
Replies: 7
Views: 28369

How to prevent payments from being applied to late fees

How can I prevent payments from being applied to fees? I received a large payment sufficient for several regular payments and before satisfying all the interest due, Moneylender applied part of the payment to late fees so that the fees were completely satisfied, but a balance due was left for intere...
by mark415
Fri Jul 22, 2022 3:43 pm
Forum: Statements and Servicing
Topic: Append a Payment Voucher to a Letter
Replies: 4
Views: 21230

Re: Append a Payment Voucher to a Letter

Thanks Josh! Option 3 will work fine.
by mark415
Fri Jul 22, 2022 3:51 am
Forum: Statements and Servicing
Topic: Append a Payment Voucher to a Letter
Replies: 4
Views: 21230

Re: Append a Payment Voucher to a Letter

Thanks Josh. I suspected something like that. Another method that would suit my purposes would be to be able to email a borrower two statements in one email. (In this case I would email a "cover letter" and a "voucher booklet".) However I don't believe that is possible either, co...
by mark415
Thu Jul 21, 2022 9:47 pm
Forum: Statements and Servicing
Topic: Append a Payment Voucher to a Letter
Replies: 4
Views: 21230

Append a Payment Voucher to a Letter

Hi, Is it possible to append a "Voucher" template to a "Statement, Letter, or Contract" template? I'm trying to attach payment vouchers to a cover letter. When I get to the "Append Templates and Reports" page when editing my cover letter template my "Payment Vouche...