Navigation:  Loan Screens > Account Information Screen Group > Reserves Screen Group > Reserve Analysis Screen > Reserve Analysis tab > Analysis Information field group > Low Balance - This Analysis

Entry: System, numeric

F/M: No

Mnemonic: None

Screen: Loans > Account Information > Reserves > Reserve Analysis > Reserve Analysis tab

 

The low balance is based on RESPA requirements and must be less than or equal to 1/6 of the estimated total annual reserve disbursements.

 

This field is calculated with the online reserve analysis. It is calculated by projecting payments to and from the reserve, making adjustments to the lowest monthly balance to bring it to zero, and then adding one or two monthly reserve payments based on what cushion you have selected. This amount must always be equal to zero, one monthly reserve payment, or two monthly reserve payments. This amount is used to determine if the loan has a surplus, shortage, or deficiency. It will become the “last” low balance if you save this projection. See Analysis Options.