Entering Terms through Loans in Process

Complete the following steps to add parameters terms to an existing loan.

1. Select Loans > Loans in Process.
   The Loans in Process screen appears.
   

   

   
   
2. Select the Edit icon associated with a customer account.
   The Parties to the Loan screen and node options for the customer appear.
3. Select the Terms node.
   The Loans in Process (Terms) screen appears.
4. Enter all required information in the fields within the Calculations tab.
   Note The Calculations tab is primary and must be completed prior to entering information on other tabs.

   Note The up and down arrows next to the Interest Rate and the Amortization Payments fields are quick keys for incrementally increasing or decreasing the fields. Certain information on this screen defaults automatically, depending on your product setup. You can change the default settings by selecting the drop-down menus.
5. Enter all required information in the fields within the Disbursement tab.
   Initial disbursement for loan proceeds must be saved prior to completing the entry, or modification, of the additional information. Disbursement information is applicable to document printing.
6. Enter any required information in any of the remaining tabs.
7. Select the Calculate button.
   A Calculations screen appears, providing the capability to review the term information.
8. Make changes when required, and select the Calculate button to recalculate.
   • Select the Disclosure button is selected to view a .pdf document containing detailed information of the loan terms.
   • Select the Amortization button is selected to view a .pdf document of the amortization schedule.
     Note For most loan types, the Amortization schedule must be printed in the Terms node. The system does not have capacity to print the Amortization schedule from the Doc Manager node.
9. Select Save to save the Terms node.
   CAUTION

   This step is required to access additional nodes after the Terms node.