Search found 83 matches

by wtech_josh
Fri Mar 04, 2022 1:15 pm
Forum: AutoPay Service
Topic: Pending vs Processing
Replies: 1
Views: 358

Re: Pending vs Processing

Processing means the transaction instructions have been submitted to the ACH network to debit the funds from the borrower. Pending means the payment is scheduled but instructions to debit the borrower haven’t been submitted to the ACH network yet. Each day at 4:30 I generate the day’s batch of trans...
by wtech_josh
Fri Mar 04, 2022 1:14 pm
Forum: AutoPay Service
Topic: Pending vs Processing
Replies: 1
Views: 358

Pending vs Processing

What’s the difference between “Processing” and “Pending”?
by wtech_josh
Mon Jan 24, 2022 11:20 pm
Forum: Bankruptcy
Topic: Chapter 13 Trustee and Regular Payments
Replies: 0
Views: 713

Chapter 13 Trustee and Regular Payments

You report the arrears to the court and the trustee will be paying you back on those arrears over time. And your borrower resumes their regular payments on the loan. There's the easy way and the hard way. There's value in simplicity, so let's start with the easy way: First, record a payment of the a...
by wtech_josh
Fri Nov 19, 2021 2:49 am
Forum: Management and Financials
Topic: Amortized Engine Order
Replies: 10
Views: 10264

Re: Amortized Engine Order

Ok, I'm uploading the update now. Open Moneylender and click File > Update to latest version. 2.0.189 is the new version that includes a checkbox to pay regular payment before escrow. Checking that one and the fees one should line up happily with the Fannie Mae rules. :)
by wtech_josh
Thu Nov 18, 2021 11:40 pm
Forum: Management and Financials
Topic: Amortized Engine Order
Replies: 10
Views: 10264

Re: Amortized Engine Order

I just finished testing it and it works really well. I was about to publish the update, but at the last second I remembered there's another thing I wanted to stuff into the release for another customer: The ability to add report filters for columns that store their data in "enumerations" (...
by wtech_josh
Thu Nov 18, 2021 11:35 pm
Forum: AutoPay Service
Topic: Monthly draft on a closed loan
Replies: 1
Views: 828

Re: Monthly draft on a closed loan

The AutoPay system isn’t perfect yet. It’s still in beta, and I’m going to do a complete overhaul once I get the back-end stuff with the bank ironed out. Here’s all the things to consider at the end of a loan with AutoPay in its current form. AutoPay will stop scheduling recurring payments when the ...
by wtech_josh
Thu Nov 18, 2021 11:33 pm
Forum: AutoPay Service
Topic: Monthly draft on a closed loan
Replies: 1
Views: 828

Monthly draft on a closed loan

I closed out a paid-off loan this month but I see there is still a draft that took place after the loan was closed. What did I do wrong there?
by wtech_josh
Wed Nov 17, 2021 9:33 pm
Forum: Management and Financials
Topic: Amortized Engine Order
Replies: 10
Views: 10264

Re: Amortized Engine Order

Looking at the doc, I agree. I'll add a checkbox, edit the logic in the payment section accordingly, and post back here when I've released an update (sometime tomorrow).
by wtech_josh
Wed Nov 17, 2021 12:58 pm
Forum: Management and Financials
Topic: Amortized Engine Order
Replies: 10
Views: 10264

Re: Amortized Engine Order

Hmmmm... There's a setting to pay regular payment before fees in the Loan Settings, but it'll always pay the escrow due first.

Do I need to add another checkbox to pay regular payment before escrow? Checking both would then put the scheduled P&I ahead of both the escrow and the fees.
by wtech_josh
Mon Nov 08, 2021 10:31 pm
Forum: Management and Financials
Topic: Report of Maturing Loans
Replies: 1
Views: 744

Re: Report of Maturing Loans

The report column is SummaryOfFinancesRecord:FinalPaymentDate. Add that to the report. If you want to limit the report to only loans that are maturing before the end of the report date range add a filter for FinalPaymentDate LessOrEqual 0: reportfilter.jpg When filtering on a date column, the value ...