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Account Information field group
This field group displays basic information about the customer loan account.
The fields in this field group are as follows:
Field |
Description |
Mnemonic: LNPBAL |
The current balance owed by the customer (including principal and interest). |
Mnemonic: LNDUDT |
The current due date of the loan. |
Mnemonic: N/A |
The payment method code on the loan. This code determines how to calculate interest and what rules to follow in processing the loan account. This information is pulled from the Loans > Account Information > Account Detail screen. |
Mnemonic: MLOMAT |
The Maturity Date for the loan at origination. |
Mnemonic: LNOPIC |
The payment amount for the loan at origination. |
Mnemonic: LNTRMO |
The term in months for the loan at origination. |
Mnemonic: OTORAT |
The interest rate of the loan at origination. If the loan is precomputed (payment method 3), the rate of add-on interest will be displayed in this field. Add-on interest is interest that is computed at the beginning of the loan then added to the principal (so that all must be repaid, even if the loan is paid off early). |
Mnemonic: LNPICN |
The current payment amount for the loan. |
Mnemonic: LNPINX |
If a scheduled payment is set up on the Payment Schedule tab, this field displays the amount of the next payment due according to that schedule. |
Mnemonic: LNPIEF |
If a scheduled payment is set up on the Payment Schedule tab, this field displays the date of the next payment due according to that schedule. |
Mnemonic: EFRATE |
The current interest rate on the loan. This information is pulled from the Interest Rate field on the Loans > Account Information > Account Detail screen. |
Mnemonic: LNTERM |
The current term in months for the loan. |
Mnemonic: LNMATD |
The current maturity date fore the loan. This date is when the last payment is due and the loan should be fully paid off. |
Mnemonic: LNBAL2 |
The balance of the first mortgage, if the loan is a second mortgage. The amount in this field is used to calculate the original and current loan-to-value ratios. |
The P/I Payment field still reflects the normal principal and interest payments on modified Payment Schedules. However, the Next P/I Constant field displays the new modified amount, as does the amount for recurring payments. See the Loans > Account Information > Payment Information screen for more information about recurring payments.