Navigation:  Loans > Loan Screens > Check Printing Screen Group > LIP Checks Screen >

LIP Checks

Navigation:  Loans > Loan Screens > Check Printing Screen Group > LIP Checks Screen >

LIP Checks

Previous pageReturn to chapter overviewNext page  Print this Topic

The LIP Checks screen is used to print and view the status of on-site LIP disbursement checks (formats 10-99). You can print disbursement checks for one loan, for several loans, or for all loans at one time.

 

Before LIP disbursement checks can be printed, you must first process the LIP disbursement via LIP Disbursement Processing. In addition, one or more check formats (10-99) must be set up.  

 

GOLDPoint Systems has assigned specific format numbers based on where the check data is created (transaction) and what type of check it is (LIP, reserve disbursements, reserve excess refunds). The institution then uses the formats to specify what data is printed on a check and where. LIP checks are format numbers 10-99, with 10 being the default. Refer to the Loans > Check Printing > Check Format Setup screen for more information.

 

This screen can be used to do the following:

1.View the status of check data (new, printed, or reconciled).
2.Print a hard copy report of the checks in the printing process (right-click on the list view).
3.Print real-time LIP disbursements checks.
4.Print all checks in a specific format at one time or select specific checks in a format that you want to print.
5.Reprint checks (due to paper jams, etc.).
6.Print a check register that shows all checks that were printed, the check number, amount, and payee.
7.Delete reconciled checks.
8.Print from multiple formats that allow checks to be made payable in a variety of ways, such as to a vendor, to a vendor and borrower, to a vendor and contractor, or to a customer.
9.Send checks automatically to a third-party check reconciliation system after checks have been created and reconciled. (Note: You must contact your GOLDPoint Systems banking consultant to do this.)
10.Print logos, signatures, and MICR lines, allowing you to use blank check paper instead of preprinted checks.

©2020 GOLDPoint Systems. All rights reserved.