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How to generate the interest charges assessment report for a construction loan?

This article discusses how to generate the Interest Charges Assessment Report for a construction loan.

NOTE: This report provides a detail listing of interest charges assessed to construction loans for the selected period.

To print the Finance Charges Assessment Report:

  • Click on running Loan Servicing in the left panel of The Mortgage Office®.
  • Click Tasks & Reports from the menu located on the left of the window.
  • Click Interest Charges Assessment Report under the Construction Loans section.
  • Select All Loans or Selected Loans by Account from the drop-down list.

TIP: When you choose Select Loans by Account you must enter starting and ending account numbers in the From and To input fields. You can enter the same starting and ending account number to select a single loan, or you can enter a logical range to select multiple loans. For example, if you enter HBT as the starting and ending accounts, all loans with account numbers starting with HBT will be included.

  • Check square-check-solid Exclude Borrowers on Hold to exclude all borrowers that have been placed on hold; otherwise, uncheck this box.

  • Statement Period Use the reporting period options to select a range of dates. The available options are:

    • All Dates
    • Month to Date
    • Quarter to Date
    • Year to Date
    • Last Month
    • Last Quarter
    • Last Year
    • Custom Period
  • If necessary, use the Select Categories to Include or Exclude dialog to include or exclude loans based on their categories.

NOTE: Categories are keywords or phrases that help you create logical loan groups. To learn more read How to Use the Categories Window.

  • Click Print button to preview the result or to exit.

TIP: To know more about how to use the print preview window, click here.

 

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