Navigation:  Teller System > Transactions > Loan Transactions > Loan Transaction Codes > Loan Inquiries > Tran Code 0195, Loan Payoff Inquiry

This transaction is similar to the Loan Pmts Due Inquiry (tran code 0194), but it differs in how the Per Diem may be calculated.

 

1.This inquiry is not the same as the Payoff Quote (found on the Loans > Payoff screen). Therefore, it may differ due to miscellaneous items such as insurance rebates, amortizing fee refunds, etc. being added to or subtracted from the Payoff record. The Per Diem amount, however, is calculaed the same as it is on the Payoff screen.

 

2.The code used to calculate the per diem (Per Diem Code) can be changed by entering the new calculation code in the Code field on the transaction (see below). Note: You can change this field to a drop-down list for ease of use for tellers. For more information on how to create drop-down lists in CIM GOLDTeller, see the View/Modify Droplists in the CIM GOLDTeller User's Guide.

 

3.This inquiry uses the Interest Calculation Method on the Loans > Account Information > Account Detail screen, Interest Detail tab, whereas the Interest Calculation Method on the Payoff screen may be different. You can change the Interest Calculation Method used on this inquiry by entering the desired method in Method Code field (see below). Note: You can change this field to a drop-down list for ease of use for tellers. For more information on how to create drop-down lists in CIM GOLDTeller, see the View/Modify Droplists in the CIM GOLDTeller User's Guide.

 

 

Once you run this transaction, the following information about the loan is displayed: