Mortgage Statement History Maintenance (2)

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UMTGSTMH-02

Mortgage Statement History File Maintenance

5647

 

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Access this screen by selecting a record in the listing and Change on the previous screen.

This screen allows you to make a change in a record.

Field Descriptions

Field

Description

Transaction Activity for the Statement Month This section gets populated when a payment is made for the statement month or a statement is generated.  For example, if it is the 10th of Nov. and a payment was made on the 5th, the transaction activity section contains the Nov. 5th payment information.  If it is the 4th of Nov. and no payments have been made, a record for statement month November will not exist.     
Principal Paid

Adjusts the principal paid for the statement month. Year-to-date totals for principal paid will also be adjusted. 

Current statement month: If principal is adjusted prior to the statement cutoff day, the statement will reflect the adjusted principal figures. If principal is adjusted after the statement cutoff day, year-to-date figures will be adjusted, but the statement itself is not impacted.

Prior statement month:  Adjustments will not impact the statement itself, but the appropriate year-to-date figures will be adjusted.   
Interest Paid

Adjusts the interest paid for the statement month.  Year-to-date totals will also be adjusted.

Current statement month: If interest is adjusted prior to the statement cutoff day, the statement will reflect the adjusted interest figures. If interest is adjusted after the statement cutoff day, year-to-date figures will be adjusted, but the statement itself is not impacted.

Prior statement month:  Adjustments will not impact the statement itself, but the appropriate year-to-date figures will be adjusted.  
Escrow Paid

Adjusts the escrow paid for the statement month. Year-to-date totals will also be adjusted.

Current statement month: If escrow is adjusted prior to the statement cutoff day, the statement will reflect the adjusted escrow figures. If escrow is adjusted after the statement cutoff day, year-to-date figures will be adjusted, but the statement itself is not impacted.

Prior statement month:  Adjustments will not impact the statement itself, but the appropriate year-to-date figures will be adjusted.  
Fees Paid  

Adjusts the fees paid for the statement month.  Year-to-date totals will also be adjusted

Current statement month: If fees are adjusted prior to the statement cutoff day, the statement will reflect the adjusted fee amounts. If fees are adjusted after the statement cutoff day, year-to-date figures will be adjusted, but the statement itself is not impacted.

Prior statement month:  Adjustments will not impact the statement itself, but the appropriate year-to-date figures will be adjusted.
Payment Due Information as of  Cutoff date

This section reflects what was reported on the mid-month statement (the 17th in most cases).  If it is prior to the 17th of the current month and a payment was made this month, this information will not be populated until the statement is generated.

The information in this section is for future use when populating the delinquency section of the mortgage statement (coming later in 2015).

CHANGING ANY OF THESE FIELDS DOES NOT AFFECT THE MEMBER FILE! 
Next payment due The next payment due date as of the cutoff date for the statement month.
Last date a full payment was made The last date a full payment was made as of the cutoff date for the statement month.
Last statement run date The last statement run date as of the cutoff date for the statement month. 
Current balance The current balance as of the cutoff date for the statement month. 
Scheduled payment The scheduled payment as of the cutoff date for the statement month. 
Interest due (included in scheduled pmt) The interest due (included in the scheduled payment) as of the cutoff date for the statement month. 
Escrow due The escrow due as of the cutoff date for the statement month.
Fees and charges The fees and charges as of the cutoff date for the statement month. 
Overdue payment amount The overdue payment amount as of the cutoff date for the statement month. 
Total amount due The total amount due as of cutoff date for the statement month. 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#UMTGSTMH-02.htm