How to edit a lien or encumbrance?

You are able to edit a lien or encumbrance from the Liens tab or the Edit Property window.

To edit a lien or encumbrance from the Liens tab:

Click on Loan Servicing in the left panel of The Mortgage Office®.
Click the Loans drop-down.
Click All Loans.
From All Loans grid, select the loan you want to modify.

TIP: If the record you want to edit is not visible, use the grid's vertical scroll bar to scroll the contents of the grid up or down, or click Find to search for the record by entering your own search criteria. For additional information see How to use find and How to use the data grids.

Double click the loan or click Edit from the icons at the top of the page.
Click Properties on the vertical menu on the left.
Click the Liens tab from the options at the top of the window.
Double click the lien or select the lien you want to edit and click Edit.
In the Edit Property Lien window, edit the following information:

Field:	Description:
Property	Select Unassigned or a Property from the drop-down list. The drop-down list is automatically populated with all the properties for this loan. TIP: If you want to associate a lien to a property, then select it from the list; otherwise select Unassigned.
Priority	Enter the priority of this lien on the property. Acceptable values are 1-8 and other.
Lien Holder	Enter the name of the lien holder (example: Bank of America).
Account	Enter the account number or reference used by the lien holder.
Contact	Enter the name of the contact person you speak with to check on the status of the lien.
Phone	Enter the contact's phone number.
Original Balance	Enter the original amount of the lien.
Current Balance	Enter the current known balance of the lien.
Regular Payment	Enter the amount of the lien's periodic payment.
Last Checked	Enter the date the lien holder was contacted to check on the status of the lien.
Notes tab	Click this tab and enter any additional information about the lien that you want to add.

Click OK to save or Cancel to abort the changes.

To edit a lien or encumbrance from the Edit Property window:

Click on Loan Servicing in the left panel of The Mortgage Office®.
Click the Loans drop-down.
Click All Loans.
From All Loans grid, select the loan you want to modify.

Double click the loan or click Edit from the icons at the top of the page.
Click Properties on the vertical menu on the left.
Double click on the property you want to edit a lien for or click the Edit icon to open the Edit Property window.
In the Edit Property window, click the Liens tab.
Double click the lien or select the lien you want to edit and click Edit.
In the Edit Property Lien window, edit the following information:

Field:	Description:
Property	This field will default to the property you're editing and will be read-only.
Priority	Enter the priority of this lien on the property. Acceptable values are 1-8 and other.
Lien Holder	Enter the name of the lien holder (example: Bank of America).
Account	Enter the account number or reference used by the lien holder.
Contact	Enter the name of the contact person you speak with to check on the status of the lien.
Phone	Enter the contact's phone number.
Original Balance	Enter the original amount of the lien.
Current Balance	Enter the current known balance of the lien.
Regular Payment	Enter the amount of the lien's periodic payment.
Last Checked	Enter the date the lien holder was contacted to check on the status of the lien.
Notes tab	Click this tab and enter any additional information about the lien that you want to add.

Click OK to save or Cancel to abort the changes.

How to edit a lien or encumbrance?

This article discusses how to edit lien and encumbrance information to a property.

To edit a lien or encumbrance from the Liens tab:

To edit a lien or encumbrance from the Edit Property window: