What are the options for a payoff notice?
This article discusses the Payoff notice options.
To edit the Payoff notice options:
- Click
Options located on the right top of the window.
- Select Notices from the drop-down list located below Loan Servicing on left side of the panel.
- Click the Payoff tab.
- The payoff notice has the option for you to enter up to 5 fee descriptions and 5 related fee amounts to be used as defaults when preparing demand for payoff notices.
- These are fees that will show up on every payoff demand that is printed, though the items entered as defaults can be edited when generating specific payoff notices.
- Notice expires after __ days. Enter the number of days which will be used to calculate the notice expiration date in the box.
- This date is commonly used to instruct the requestor to call and request updated payoff figures.
- Under Microsoft Word Template section, click
Download to download the notice for customization in Microsoft Word, using the Word add-in. To learn more about editing notices, refer to How to edit notices.
- Click
OK to save the changes made or click
Cancel to exit without saving.
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