Configure Settlement Calculation Routine (1)
Screen ID: Screen Title: Panel Number: |
UPLSTCL-01 Configure Settlement Calculation Routine 4122 |
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Access this screen by selecting Tool #269: Configure PL Settlement Calc Routines.
This screen is used to select the Settlement calculation routine and Settlement type to configure the Settlement Calculation Routine. This routine determines how a participation loan is handled during the settlement process.
Select a Settlement calculation routine and settlement type to access the second screen.
For complete details on the PL system, including configuring the necessary codes, creating participation loan records, processing investor settlement and using various reports, refer to the appropriate booklet.
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Participation Lending: Fannie Mae Secondary Market Loan Servicing
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Participation Lending: Freddie Mac Secondary Market Loan Processing