Note Concepts
Commercial, Installment and Mortgage
What are three loan categories in IBS?
Maturity Date
What is the date the loan matures?
Late, Annual, NSF, Prepayment
What are the types of fees that may be charged?
Edit List Report
What report lists input of new transactions to the system such as new accounts, new names and addresses?
Fixed, Variable, Variable Plan
What are the three rate options?
Principal
What is the original balance?
Note Options
What further defines loan categories by specific products that we offer?
Correction Change Report
What report shows all account, commitment, and note changes?
Amortized, Bill Cycled, Payment Cycled
What are the three bill types?
Points
What are fees paid at origination?
Payment schedule
What is used to define the term of repayment for a loan.
Note Number
What is the 5 digit user-defined number?
ACH, Autopay, Paper Bills
What are
payment methods?
Term
What is the number of months from issue to maturity?
A, B, C, P
What are the payment types that specify principal and interest inclusion?
R, T, D
What are the three Principal Types?