Loan Maintenance/Financial - General Information

The following table provides information regarding the various data elements of the Loan Maintenance - Financial Information screen.

The Payment Plan information that appears on the Loan Maintenance - Financial Information screen was initially established when the loan was originated. The Note Type record used during the origination process was the source of this data. The Payment Plan information for a loan is normally updated by CLM users through the Borrower Services/Loan/Payment Plan function.

The Balance Details information that appears on the Loan Maintenance - Financial Information screen is the result of payments that have been posted to the loan, and/or benefits which may have been applied to the loan. The initial Principal Amount and Balance values are set as the result of the loan origination process, and the application of subsequent disbursements (if any).

Field Name	Purpose/Usage
General Payment Information
Payment Method	The current payment method for the loan. This value is maintained via the Borrower Services/Loans/Payment Method function.
ACH ID	An internal CLM identifier for the ACH account used to pay the loan (if any). This value is maintained via the Borrower Services/Loans/Payment Method function.
Credit Card ID	An internal CLM identifier for the Credit Card account used to pay the loan (if any). This value is maintained via the Borrower Services/Loans/Payment Method function.
Due Date	Scheduled payment due date for this loan. Set as part of the payment application process.
Late After Date	This date is calculated by adding number of days in the "Days Installment Due Within" on the System Configuration/Payment Parameters window. The number of days in this field added to the due date of the payment equals the Late After Date.
Last Paid Date	The date indicates the last time a payment was applied to this loan. Set during the payment application process.
Archive Flag	If the loan has been marked for deletion, the value is equal to "Y"; otherwise the value is "N".
Payment Plan Information	See also the Borrower Services/Loans/Payment Plan function.
Installments
Method	This value identifies that payment terms for the loan.
Frequency	How often the payment is due.
Amount	Scheduled/regular payment amount for this loan.
Interest
Method	How interest is calculated.
Frequency	On what basis interest is applied.
Amount	The dollar amount of interest that is charged per the Frequency criteria. This value will be blank for an Interest Method of "Percentage".
Percentage	The interest percentage rate that is charged per the Frequency criteria. This value will be blank for an Interest Method of "Flat Dollar Amount".
Late Charges
Method	How late charges are calculated (if any).
Frequency	On what basis late charges are applied.
Amount	The dollar amount of late charges that are applied for each occurrence. This value will be blank for all Late Charge Methods other than "Flat Dollar Amount".
Percentage	The percentage rate that is applied for each occurrence. This value will be blank for all Late Charge Methods other than "Percentage".
Delay	The number of days delay before late charges will be applied.
Collection Costs
Method	How collection costs are calculated (if any).
Amount	The dollar amount of late charges that are Collection Cost Methods other than "Flat Dollar Amount".
Percentage	The percentage rate that is applied for each occurrence. This value will be blank for all Collection Cost Methods other than "Percentage".
Balance Details
Principal
Amount	Principal amount of the loan. This value is established initially when the loan is originated. Subsequent disbursements will increment this total.
Paid	Amount paid towards the principal amount of the loan.
Cancelled	Dollar amount of any principal that has been cancelled, normally via a Cancellation benefit.
Defaulted	Dollar amount of any principal that has been defaulted, normally as the result of an ED 553 assignment.
Balance	Principal Balance remaining on the loan.
Interest
Amount	Total interest charged to the loan.
Paid	Total amount of interest paid on the loan.
Cancelled	Dollar amount of any interest that has been cancelled, normally via a Cancellation benefit.
Defaulted	Dollar amount of any interest that has been defaulted, normally as the result of an ED 553 assignment.
Balance	The outstanding interest balance for the loan.
Late Charges
Amount	Total late charges applied to the loan.
Paid	Total amount of late charges paid on the loan.
Cancelled	Dollar amount of any late charges that have been cancelled, normally via a Cancellation benefit.
Defaulted	Dollar amount of any late charges that have been defaulted, normally as the result of an ED 553 assignment.
Balance	The outstanding late charge balance for the loan.
Collection Costs
Amount	Total collection costs applied to the loan.
Paid	Total amount of collection costs paid on the loan.
Cancelled	Dollar amount of any collection costs that have been cancelled, normally via a Cancellation benefit.
Defaulted	Dollar amount of any collection costs that have been defaulted, normally as the result of an ED 553 assignment.
Balance	The outstanding collection costs balance for the loan.
Origination
Amount	Total origination costs for the loan.
Paid	Total amount of origination costs paid on the loan.
Cancelled	Dollar amount of any collection costs that have been cancelled.
Defaulted	Dollar amount of any collection costs that have been defaulted, normally as the result of an ED 553 assignment.
Balance	The outstanding origination costs balance for the loan.