Navigation:  Loan Screens > Payoff Screen > Post Payoff tab > Cash Out

Entry: User, numeric

F/M: Yes

Mnemonic: GTIBAMT_01

Screen: Loans > Payoff > Post Payoff tab

 

Use this field to indicate the amount of cash you are giving the customer after processing the payoff (if your institution owes the customer money, such as in the case of an Overpayment). If the customer would rather have a check (or it is your institution's policy to pay funds with a check), use the Check Out Number field.

 

The Amount paid back to the customer will appear on the Adjustments tab. The amount of the overpayment will be pulled from the Payoff Overpayment General Ledger account set up on the GOLD Services > General Ledger > G/L Account By Loan Type screen.