Force Place Payment Analysis Screen |
  
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Navigation: Loans > Loan Screens > Insurance Screen Group >
Force Place Payment Analysis Screen |
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The Force Place Payment Analysis screen can be helpful in analyzing and correcting payment changes caused by Force Place insurance. It does not take into account any modified payment schedules (from the Loans > Transactions > CP2 screen) or any other type of payment schedules.
The list view at the top of this screen displays all insurance policies set up on the selected account. If the insurance policy is force-placed, a "Yes" will appear in the Forced? column. If the insurance policy was originated, a "No" will be displayed in the Forced? column. See below for more information about this list view.
If there are no force-placed policies on the loan, the Payment Information fields will grayed out and the Payment Analysis table will display the message "No force placed policies."
In the Adjustment Amount column, the cell will be highlighted in yellow if the policy is active or enforced. This helps to identify which policies should be affecting the current payment amount.
Most of this information is brought over when the insurance policies are originated or the force-place insurance policies are processed. For more information, see the following screen help:
The columns and mnemonics in this list view are as follows:
Sequence (INCNTR) Forced? (INPORG) Insurance Type (INTYPC) Description (INDESC) Original Premium (INOBAL) Effective (INOPND) Term (INTERM) Adjustment Amount (INPICA) Finance Charges (INNORG) Cancellation (INCAND) |
This screen does allow some changes on some fields in the loan record. Occasionally when force-placed insurance is processed on accounts, corrections need to be made. This screen can help in fixing those problems. For more information on force-placed insurance, see the Loans > Insurance > Force Place screen.
See the following example of this screen, followed by field descriptions.
Loans > Insurance > Force Place Payment Analysis Screen
The field groups on this screen are as follows:
Payment Information field group
Next Payment Table field group
See also:
Force Place screen
Adjustments screen
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Record Identification: The fields on this screen are stored in the FPLN record (Loan Master). You can run reports for this record through GOLDMiner or GOLDWriter. See FPLN in the Mnemonic Dictionary for a list of all available fields in this record. Also see field descriptions in this help manual for mnemonics to include in reports. |
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In order to use this screen, your institution must:
•Subscribe to it on the Security > Subscribe To Mini-Applications screen.
•Set up employees and/or profiles with either Inquire (read-only) or Maintain (edit) security for it on the CIM GOLD tab of the Security > Setup screen. |
