Search found 97 matches
- Wed Aug 24, 2022 6:32 pm
- Forum: Management and Financials
- Topic: How to prevent payments from being applied to late fees
- Replies: 7
- Views: 7130
Re: How to prevent payments from being applied to late fees
Just uncheck the box and run your report. Maybe check the box again after, depending on whether this hypothetical new set of calculations should become the permanent history on the loan or was just to satisfy a curiosity. Be prepared to explain the change to the borrower. Moneylender lets you change...
- Sat Jul 23, 2022 3:29 am
- Forum: Management and Financials
- Topic: How to prevent payments from being applied to late fees
- Replies: 7
- Views: 7130
Re: How to prevent payments from being applied to late fees
There's a checkbox on the Loan Settings (Settings tab) for "Pay regular payment before fees" which will apply the scheduled amount to interest and principal and then apply any overage towards fees. Also of note is the adjacent checkbox for "Pay regular payment before escrow" whic...
- Fri Jul 22, 2022 12:48 pm
- Forum: Statements and Servicing
- Topic: Append a Payment Voucher to a Letter
- Replies: 4
- Views: 5769
Re: Append a Payment Voucher to a Letter
If the Vouchers can be the first template, you append the cover letter to the voucher template. That'd probably look goofy to the borrower, though.
Sounds like Option 3 is going to be the best way to get it done.
Sounds like Option 3 is going to be the best way to get it done.
- Thu Jul 21, 2022 11:35 pm
- Forum: Statements and Servicing
- Topic: Append a Payment Voucher to a Letter
- Replies: 4
- Views: 5769
Re: Append a Payment Voucher to a Letter
Appending is limited to the "Statement, Letter, or Contract" template type because all the other template types require additional context to generate. In the case of the vouchers, they require a date range for the vouchers to generate. Since there's no mechanism to feed that extra data in...
- Fri Mar 04, 2022 1:15 pm
- Forum: AutoPay Service
- Topic: Pending vs Processing
- Replies: 2
- Views: 48469
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...
- Fri Mar 04, 2022 1:14 pm
- Forum: AutoPay Service
- Topic: Pending vs Processing
- Replies: 2
- Views: 48469
Pending vs Processing
What’s the difference between “Processing” and “Pending”?
- Mon Jan 24, 2022 11:20 pm
- Forum: Bankruptcy
- Topic: Chapter 13 Trustee and Regular Payments
- Replies: 0
- Views: 46135
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...
- Fri Nov 19, 2021 2:49 am
- Forum: Management and Financials
- Topic: Amortized Engine Order
- Replies: 10
- Views: 21254
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. 

- Thu Nov 18, 2021 11:40 pm
- Forum: Management and Financials
- Topic: Amortized Engine Order
- Replies: 10
- Views: 21254
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" (...
- Thu Nov 18, 2021 11:35 pm
- Forum: AutoPay Service
- Topic: Monthly draft on a closed loan
- Replies: 1
- Views: 4430
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 ...