TIP: The Mortgage Office® maintains a detailed history, per loan, of all funding transactions. It uses this information to calculate individual lender ownership for any period and to accurately compute and assess finance charges to the borrower.
To view funding history:
- Click on the
Loan Servicing drop-down menu in the left panel of The Mortgage Office®.
- Click the Loans drop-down menu.
- Click Commercial from the list that drops down.
- From the Commercial 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.
- Click
from the options available on the top panel or double-click on the loan. - Click
Funding from the list on the left of the window. - Click
to drop-down a list of options. - Click on the relevant option you want to view.
TIP: You can select to view All Funding History or the funding history for the selected lender.
- Click
to close the window and exit.
To delete funding history:
CAUTION: Fundings must be deleted starting with the most recent transaction. All transactions that affected ownership, like principal paydowns, must also be deleted or reversed in the same chronological order in which they were entered.
- Click on the Loan Servicing drop-down menu in the left panel of The Mortgage Office®.
- Click the Loans drop-down menu.
- Click Commercial from the list that drops down.
- From the Commercial 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.
- Click from the options available on the top panel or double-click on the loan.
- Click Funding from the list on the left of the window.
- Click to drop-down a list of options.
- Click on the relevant option you want to view.
- Select the funding record you want delete and click
Delete.
NOTE: Why is the delete button disabled?
Commercial loans: the delete button is disabled if the funding transaction is BalFwd or the funding date is less than or equal to the loan's billed-through date.
CAUTION: Deleting the funding will cause all related fundings, loan charges, loan history and trust accounting transactions to be deleted as well.
- Click
Yes to confirm. - In the Confirm Delete dialog window, type the word Delete and click OK.
- Click to close the window and exit.
Copyright © Applied Business Software, Inc. All Rights Reserved.