Loan Account Delinquency Details

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Description

A code showing the type of fine for this loan.

This flag shows the delinquency type code assigned to this loan account. This code controls how the next payment date is advanced on the loan.

P Single payment per period - The next payment date will not advance more than one payment period. Loans cannot be paid ahead. This method is typically used on open credit loans.

For example, on March 5 a member makes a $100 payment. The monthly payment amount is only $50 and the member is not delinquent. The system treats this as one payment and advances the next payment due date to April 5.

(blank) Can pay ahead - The next payment date is advanced according to the number of payments made.

For example, on March 5 a member makes a $100 payment. The monthly payment amount is only $50 and the member is not delinquent. The system treats this as two payments and advances the next payment due date to May 5.

N No delinquency calc - The system neither monitors nor controls the next payment date or delinquency on the loan. However, payments can be applied to the loan.

1 = Can Pay One Period Ahead, etc. – For mortgages with the 360-day calculation type, these options let you allow the member to pay ahead, but limit the number of months (up to 9 max.). Only allowed on loans with interest calc type 3 = 360/Post.

This shows a previous payment date assigned to the member, following the rules outlined in this section.  This may not be the last time a payment was due.  (See explanation below.)

• For example, if the member's November payment was past due and the system assessed a fine for that payment, this field would show the November due date. If the member is delinquent yet another period, this field would update to the next due date.

Remember, this is the payment date for which this fine applies, not the date on which the fine was actually assessed by the system. For example, if the fine is configured so that it is assessed after the member has been delinquent 15 days, then the fine would actually be assessed after that period was ended. This field, however, would show the original payment due date for which the fine was assessed.

This field makes it easy to communicate to the member that they are being fined for missing their November payment, or their March payment, or their third quarter payment, etc.

This field shows the last delinquency notice that was sent to this member. (There are four levels; this number corresponds to the notice level that was sent.)

NOTE: Notice Level “5” indicates that this loan has been moved to the Non-Responsive Delinquent Loan Report.

The total amount of fines paid year-to-date.

(Used by mortgage loans with the 360 calculation type only.) Because of the unique way that mortgage loans are handled by CU*BASE, this field is used to retain the amount of interest due for one delinquent payment so that the system can remember how much interest was due from last month separate from how much is due in total. Because of this, CU*BASE can automatically handle the payment spread (escrow, interest, principal, etc.) on delinquent payments for loans that are no more than 2 payments past due.

For more details, refer to the CU*BASE Mortgage Products: 360-Day Interest Calculation booklet.

This field shows the actual number of days the loan is delinquent calculated by comparing the payment due date to the current processing date. This calculation considers months with 28 days and 31 days.

The total number of months and days the loan is behind. This is calculated using the date shown in the Next payment field in relation to the current date.

The # times is the number of times the loan has gone delinquent over the life of the loan.  This is incremented by 1 each time the member is delinquent 30 days.

The date on which this loan was first monitored as being delinquent for the current cycle.

The total amount that is past due, less any partial payment amount already collected, calculated as follows:

Regular payment ´Months - Part Pay = Amt Delq

• Depending on your credit union's configuration, it may be necessary for the member to pay this amount plus any outstanding fine amount in order to bring the loan current. For more information, see the Configuring Tools for Collections booklet.

The total outstanding fine due. The amount of the fine is calculated using the parameters set in the delinquency fine code (Fine ID).

• For more information on how delinquency fines are calculated, see the Configuring Tools for Collections booklet.

This field shows the total amount the member owes in order to bring the loan current and satisfy any outstanding fines:

 Amt Delq + Fine Amt = Amt Due

• Depending on your credit union's configuration, it may be necessary for the member to pay this entire amount, which includes outstanding fines, in order to bring the loan current. For more information, see the Configuring Tools for Collections booklet.

This field is used to record any amount that has been deposited toward a regular payment, but which was not enough to satisfy the entire payment amount. This amount is used when determining the total past due amount, as shown under Amount Delinquent above.

The online credit report number associated with this loan, if any.

• Remember that if a valid report number is linked to a loan account, that report detail will automatically be copied to CU*Spy and stored for the life of this loan. Use View Credit File (F1) to review the report.

The date on the online credit report number associated with this loan, if any.

The credit bureau for the online credit report associated with this loan, if any.

The credit score (FICO, BEACON, EMPIRICA) from the online credit report associated with this loan, if any.

The MDS/bankruptcy score from the online credit report associated with this loan, if any.

The credit union-defined risk level or “paper grade” determined for this member when the loan was created.

• If your credit union uses the CU*BASE Online Credit Bureau Access system to pull credit reports, this field can be populated automatically if a Paper Grade is included as part of the report.

The regular scheduled payment amount, not including any escrow amount.

If this loan is set up to transfer funds to an associated tax escrow account, this shows the amount to be transferred for each payment.

• SEE ALSO: Escrow Processing with CU*BASE

The total regular scheduled payment amount, including any escrow transfer amount.

The day of the month on which the next payment is due. This is used primarily for situations where the normal payment due date falls near the end of the month (29th, 30th, 31st), to adjust for months with different numbers of days.

The date on which the next payment is due.

Escrow Detail Tab

The partial pay that has been paid toward the loan payment

The partial pay that has been paid toward the escrow payment

The total of the loan partial payment and escrow partial payment fields (above)

The amount left to be paid on the escrow

The date that the escrow analysis was last run (month and year)

The exact date that the escrow analysis was last run (MMDDYYYY)

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