The amount this field will move to the Total Reserve Disbursements - Last Analysis field below if you save this projection. See Analysis Options.

For disbursements that are paid less often than yearly (such as three-year flood policies), an annual amount is determined. It is then multiplied by the number of years you should be holding until the next disbursement.

The reserve analysis statement analyzes for items that are paid less often than annually. For instance, it analyzes for items that are paid every three years rather than every 12 months. The sentence “As flood insurance is paid every three years rather than annually, the reserve balance may not reach its low point two of the three years” appears on the statement. The items in italics will change depending on the disbursement code and term.

This field is calculated with the online analysis. This field will become the “last” cushion if you save this projection. See Analysis Options.

Three different items control the cushion used on a loan:

1.The Analysis Cushion field on the Account Reserve Detail screen.

2.The Cushion Exceptions field on the Options, Limits & Loan Fields tab.

3.The Cushion field on the Options, Limits & Loan Fields tab.

Two fields appear with the Analysis Cushion field on the Account Reserve Detail screen. The first field is a checkbox that indicates whether the institution wants to use a specific number of months for the cushion for a specific disbursement type when performing the analysis. The default is unchecked. The second field works only if there is a check in the first field. The second field indicates the number of months to be used as the cushion. The number of months can be 0, 1, or 2, with a default of “0” when the first field is checked. These fields function for both online and the afterhours analysis processing.

Information entered in these fields will override information entered in the Cushion field in the Analysis Limits field group and the State or Document exceptions.

Example: The Cushion field is set for 2 months and, on the Account Reserve Detail screen, the Analysis Cushion field is checkmarked and has a “1” for disbursement code 30 (life insurance). Therefore, the analysis will hold two months cushion for all disbursement items except life insurance, for which it will hold only one month.

The hierarchy of all cushion options are:

1.The system looks at the Account Reserve Detail screen. If any reserve disbursement type has a checkmark in the Analysis Cushion field on that screen, that is the cushion used for that item only. It does not check further.

2.For any reserve disbursement types with no checkmark in the Analysis Cushion field on the Account Reserve Detail screen, the system looks at the State or Document exceptions. If an exception is indicated, that number is used for the cushion. It does not check further.

3.If a loan does not have a checkmark in the Analysis Cushion field on the Account Reserve Detail screen nor does it indicate a State or Document exceptions on the Options, Limits & Loan Fields tab, then the system uses the designated number of months next to the Cushion field.  

Another example of when this might be used is if your institution wants to hold 2 months cushion for all loans, but you service loans in a specific state which only allows you to withhold 1 month for taxes.

Reminder: The Analysis Cushion field must be checkmarked before the system will use the number of months set up in that field.

Whatever date is used determines with which payment due date the new payment begins and also with which month the projection begins. You cannot enter a date in the past. However, if the loan is paid in the future or is delinquent and you enter today's date or greater, the system will adjust the reserve projected and required balances by either subtracting or adding reserve payment amounts to the reserve balances on the Loans > Account Information > Reserves > Reserve Analysis Projections screen.

Example: If the loan due date is 6-1 and you pull up the screen on 6-15, the analysis date will be 7-1 (the next payment date). If on 6-15 the due date is 8-1, the analysis date would be 8-1 (the loan due date). If the loan due date is 4-1, then on 6-15 the analysis date would be 7-1 (the next payment date). This is also true for bi-weekly loans.

The next payment date is the due date of the next payment, which would be due after the date you perform the online analysis.

History starts from the date of the last projection stored is stored on the Online Analysis Projection tab. If there is no projection, then the Last Analysis Date field below is used. If you want more or less history, you should change the Last Analysis Date in file maintenance mode.