Search found 101 matches

by wtech_josh
Sun Mar 10, 2024 7:03 pm
Forum: Statements and Servicing
Topic: Funds committed report
Replies: 1
Views: 163

Re: Funds committed report

There's a Loan:AvailableCredit column you can use for the amount of funds committed but not currently used for a loan. Since this is a Loan value and not a SummaryOfFinancesRecord value, it will always reflect the current state of the loan and ignore the report's date ranges. Principal Disbursed sho...
by wtech_josh
Sun Mar 10, 2024 2:50 pm
Forum: Statements and Servicing
Topic: email multiple reports to borrower
Replies: 1
Views: 110

Re: email multiple reports to borrower

Happily, someone with 10,000s of loans, often with dozens to the same borrower wanted this exact thing and paid to have a mechanic added to Moneylender to allow the creation of consolidated statement reports. If you want to only send two statements to one borrower, then just send two emails. The mec...
by wtech_josh
Sun Mar 10, 2024 1:51 pm
Forum: Statements and Servicing
Topic: BorrowerFormattedName
Replies: 1
Views: 111

Re: BorrowerFormattedName

BorrowerFormattedName will either be the name or the company. If there's only a company, no first and last, then the company is displayed. If there's a name and no company, then the name is displayed. If both are present, there's a checkbox on the Portfolio > Portfolio Settings > General tab > "...
by wtech_josh
Fri Oct 13, 2023 4:59 pm
Forum: Other Options
Topic: Sue Experian?
Replies: 1
Views: 14084

Re: Sue Experian?

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...
by wtech_josh
Fri Sep 22, 2023 2:13 pm
Forum: AutoPay Service
Topic: Pending vs Processing
Replies: 2
Views: 109972

Re: Pending vs Processing

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...
by wtech_josh
Wed Jun 21, 2023 8:51 pm
Forum: Configuring Loans
Topic: Multiple lenders on a loan
Replies: 4
Views: 105451

Re: Multiple lenders on a loan

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...
by wtech_josh
Wed Jun 21, 2023 12:32 pm
Forum: Configuring Loans
Topic: Multiple lenders on a loan
Replies: 4
Views: 105451

Re: Multiple lenders on a loan

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
by wtech_josh
Mon May 29, 2023 6:08 pm
Forum: Statements and Servicing
Topic: Truth-in-Lending Disclosure Template
Replies: 0
Views: 115230

Truth-in-Lending Disclosure Template

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...
by wtech_josh
Tue May 23, 2023 4:11 pm
Forum: Installation / Portfolio Setup
Topic: Error Message: Invalid Class
Replies: 1
Views: 103652

Re: Error Message: Invalid Class

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...
by wtech_josh
Thu Jan 19, 2023 1:41 pm
Forum: Other Options
Topic: Form 1098 Principal in Box 2 is wrong!!
Replies: 0
Views: 104890

Form 1098 Principal in Box 2 is wrong!!

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...