Search found 37 matches

by wtech_josh
Thu Mar 19, 2020 10:06 pm
Forum: Statements and Servicing
Topic: Payment Receipt template
Replies: 0
Views: 4387

Payment Receipt template

Save the attached file to your computer. In Moneylender click Servicing > Manage Templates > Import (arrow towards disk) button > Change Source > browse to where you save the attached file > choose the file > check the box for Payment Receipt > Import Checked. Select a loan and print this template t...
by wtech_josh
Fri Feb 28, 2020 4:22 pm
Forum: Management and Financials
Topic: An unpaid late fee is causing unwanted late fees for subsequent due dates...
Replies: 0
Views: 4919

An unpaid late fee is causing unwanted late fees for subsequent due dates...

You have a few ways to handle this. Make sure "lenient late fees" is turned on. There’s a setting in Portfolio > Portfolio Settings > General tab > “Small outstanding amounts don’t trigger late fees.”. When this is checked, if the amount due at the end of the grace period is ¼ of the regular payment...
by wtech_josh
Tue Feb 18, 2020 4:03 pm
Forum: Statements and Servicing
Topic: Why do loans have next payment due, current, and amount due dates?
Replies: 0
Views: 5985

Why do loans have next payment due, current, and amount due dates?

Loans have “three” due dates in Moneylender to enable it to always know what date we’re currently billing for... Current Due Date – driven forward by the advancement of time. There’s a setting in Portfolio > Portfolio Settings > Numbers tab > “Statements and main window use amount due from X days in...
by wtech_josh
Sun Jan 05, 2020 2:53 pm
Forum: Statements and Servicing
Topic: Form 1098 Principal Balance is too high
Replies: 0
Views: 5788

Form 1098 Principal Balance is too high

A lot of people look at the principal reported on form 1098 and believe there is an error. This is the principal balance at the beginning of the day at the beginning of the calendar year in question. So the 1098 form for tax year 2019 has the principal balance of the loan at the beginning of 2019 , ...
by wtech_josh
Thu Jan 02, 2020 9:19 pm
Forum: Statements and Servicing
Topic: Form 1098 template for the 2019 tax year
Replies: 0
Views: 5589

Form 1098 template for the 2019 tax year

If anybody is having trouble getting the 2019 forms into their portfolio, download the attachment to your computer and you can import the templates from that file.
by wtech_josh
Mon Dec 16, 2019 3:10 pm
Forum: Management and Financials
Topic: Want to keep the late fees, but not show the loan as behind because they weren't paid.
Replies: 0
Views: 5272

Want to keep the late fees, but not show the loan as behind because they weren't paid.

When a borrower is late, but only pays the regular payment, and you don't want to have the late fees showing as outstanding on the loan or affecting the loan's current/past-due status, here's a quick way to tell Moneylender not to worry about getting the extra money owed from the late fee right away...
by wtech_josh
Thu Dec 12, 2019 2:06 pm
Forum: Other Options
Topic: Where/how do I start reporting to credit bureaus?
Replies: 0
Views: 6134

Where/how do I start reporting to credit bureaus?

You need an account with at least one of the credit bureaus, and you can upload the Metro2 files that Moneylender generates through each of their online systems once you have an account. Once you have an account, you'll submit your first file for testing/verification. You'll probably get a response ...
by wtech_josh
Thu Dec 12, 2019 1:30 pm
Forum: So my borrower just...
Topic: Their payments are all over the place and I just want it to show that they're current.
Replies: 0
Views: 6082

Their payments are all over the place and I just want it to show that they're current.

Our borrower has been mostly acceptable with a few stumbles, but overall we're happy with their repayment, how do we tell Moneylender that we want them to be current? I don't want to waive any interest or fees or anything, but I want the loan to look like they're current. Without affecting the actua...
by wtech_josh
Thu Dec 12, 2019 12:40 pm
Forum: Installation / Portfolio Setup
Topic: Cool Features to Set Up Right Away
Replies: 0
Views: 8141

Cool Features to Set Up Right Away

People ask what tips can you give me to get started? Here's a list of some of the cool capabilities you'll probably want to turn on in Moneylender right away: Automatic Backups - File > Moneylender Settings > Backup tab - specify a cloud-synchronized folder like dropbox or onedrive for the backups a...
by wtech_josh
Wed Dec 11, 2019 10:36 pm
Forum: Bankruptcy
Topic: Proof of Claim form
Replies: 0
Views: 6068

Proof of Claim form

Bankruptcy courts use a standard proof of claim form, and the attached template file is a version of the payment distribution report that will very closely match that Proof of Claim format. If anyone has tried submitting this report directly, please let us know if the court accepted it or not. I tal...