Moneylender Forums

First, a disclaimer - this is a forum for people to get help with servicing loans using Moneylender Professional. So most of the discussion is intended for the lender's point of view. Also, nothing stated here is legal advice, nor likely to be accurate. I have only a glancing familiarity with credit...

Now that the ACH itself is performed by Actum Processing, there are a few new details. First, you can see the history of events for each payment by logging into your account on the store and clicking AutoPay Payments. Processing payments will show the expected date when they should be released. If y...

The Financial Summary report type is the only one that'll support generating fractional ownership numbers. There isn't a way to show a list of payments and have that list split by lender. In large part, it's because payments are a type of setting as far as the loan calculation engine is concerned. T...

Hey Mark!

On any of the reports that will list multiple loans, there's a drop-down box next to the Refresh button at the top where you can choose a specific lender. Pick a lender and click refresh and you'll get just that lender's share of each loan they own.

All the best,
Josh

For anyone looking to include a TILA truth-in-lending disclosure alongside a loan contract, download the attached mlp3template file and add it to your portfolio from Servicing > Manage Templates > Import (arrow towards disk) > Change Source > locate the downloaded file > check the box for the disclo...

Somebody called with this problem six or twelve months ago. Windows keeps a list of all the properties of the hardware in your computer. If the property file gets corrupted somehow, Moneylender asks Windows about the connected disks and CPU and Windows returns this error when it encounters the corru...

Why is the principal balance in Box 2 wrong on the 1098 forms that Moneylender is generating? It's not! The balance is at the start of the calendar year on the form, not at the end of the year. Here's what it says in the IRS instructions for Box 2: Enter the amount of outstanding principal on the mo...

The only different in the set up is that the regular payment is the Interest Only payment amount instead of the amortized payment amount. Literally everything else is the same. When collecting the payments, you might choose to mark the payments as "Interest Only" instead of "Regular P...

If you used Moneylender for your 2021 Form 1098s (or if you created your portfolio during 2022), you might see the printable template says "2021" on it even though you're printing templates for the 2022 tax year. The 2022 form is identical to 2021, and Moneylender uses the <LastYear> tag t...

Orly!? 😲 In my mind, I was picturing it in the reverse - telling the borrower they're ahead (box checked) and telling the third party they're behind (box unchecked). I was also assuming there were a lot of late fees - or at least the possibility of a lot of late fees. In your situation, and dependin...