POC Itemization |
  
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Navigation: Loans > Loan Screens > Bankruptcy and Foreclosure Screen Group > Bankruptcy Detail Screen >
POC Itemization |
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When you click the POC Itemization link on the bottom of the Bankruptcy Detail screen, the POC Itemization screen appears, as shown below. This screen shows you what fees were outstanding as of the bankruptcy petition date. A Proof of Claim is required to be filed with the Bankruptcy Courts.
See the following example of this screen:
You can change or delete fee amounts on this screen. Any amount you delete is added back onto the Unpaid Principal amount. The dates must be manually entered. If you are unsure of when the fee was incurred, access the Marketing and Collections screen to view the Miscellaneous Fees list view, which shows when miscellaneous fees were assessed and for how much.
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Tip: The <Save Changes> button is not on this dialog box. If you make changes to any of the fields on this dialog box, keep the dialog box open, and scroll over to the Bankruptcy Detail screen toward the bottom, and click the <Save Changes> button on that screen. It will save all changes on the POC Itemization dialog box as well. |
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Information entered here is included with the POC form.
Assessing Miscellaneous Fees
Before running the Bankruptcy transaction, you should ensure that all miscellaneous fees have be assessed on the account. Miscellaneous fees are assessed using the Miscellaneous Fees list view on the Loans > Marketing and Collections screen.
You can add on fees after a Bankruptcy transaction has run one of two ways: |
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Reversing Bankruptcy transaction, then adding fees and re-running Bankruptcy transaction
1.If it is not monthend yet, reverse the Bankruptcy transaction, as explained in the Undoing Bankruptcy topic.
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Adding fees after Bankruptcy transaction directly on the POC Itemization
1.Click the POC Itemization link and add the applicable fees on the screen. Include the amount and dates. 2.Click <Save Changes>. 3.Assess the same fees to the account using the Miscellaneous Fees list view on the Loans > Marketing and Collections screen. |
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Note: Some setup is required by GOLDPoint Systems in order for the POC Itemization and Proof of Claim form to work through CIM GOLD. |
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Field Descriptions (NOTE: This help documentation is under construction and will be completed at a later date)
Field |
Description |
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Late Charges as of Petition Date
Mnemonic: BALATE, BAITDI |
This field displays any late charges as of the petition date. Information for this field is pulled from the Late Charges Due field (LNLATE). This field is found on many screens, including the Loans > Account Information > Account Detail screen > Late/NSF tab |
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NSF Fee as of Petition Date
Mnemonic: BANSFF, BAITDI |
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Attorney's fees
Mnemonic: BAALFE, BAITDI |
If Miscellaneous Fee Code 10 (Legal) has been assessed on the account, this field will display the total amount of all legal fees applied to this account. Enter the date the legal fee was assessed in the date field to the right of this amount field. (The Miscellaneous Fees list view on the Loans > Marketing and Collections screen shows when the fee was last assessed and for how much.)
If you delete the amount in this field, best practices would be to also waive the Legal miscellaneous fee using the Loans > Marketing and Collections screen > Delinquent Payments tab, then selecting the fee and clicking <Waive Fee>. |
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Filing fees and court costs
Mnemonic: BACORT, BAITDI |
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Advertisement costs
Mnemonic: BAADCT, BAITDI |
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Sheriff/Auctioneer Fees
Mnemonic: BASAFE, BAITDI |
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Title Costs
Mnemonic: BATTLC, BAITDI |
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Recording Fees
Mnemonic: BARECF, BAITDI |
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Appraisal/broker's price opinion fees
Mnemonic: BAAPFE, BAITDI |
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Property Inspection Fees
Mnemonic: BAPIFE, BAITDI |
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Tax Advances (non-escrow)
Mnemonic: BATAXS, BAITDI |
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Insurance advances (non-escrow)
Mnemonic: BAINNE, BAITDI |
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Escrow shortage or deficiency
Mnemonic: BAESOD, BAITDI |
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Property Preservation Expenses. Specify
Mnemonic: BAPPEX, BAPPED, BAITDI |
Possible selections in the Property Preservation Expenses and Other fields must first be set up on the Loans > Bankruptcy and Foreclosure > Setup > Property Preservation Description and POC Itemization Other Description screens. These are institution-defined. |
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Other. Specify:
Mnemonic: BAOIA1, BAIOD1, BAITDI |
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Other. Specify:
Mnemonic: BAOIA2, BAIOD2, BAITDI |
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Other. Specify:
Mnemonic: BAOIA3, BAIOD3, BAITDI |
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Unpaid Finance Charge
Mnemonic: BAUPFC, BAITDI |
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Mnemonic: N/A |
This amount is calculated by subtracting any of the fees listed above from the Amount of Claim as of Petition Date (see definition below). If you erase any of the fees already listed, and then click <Save Changes>, that fee amount is added back to the Unpaid Principal.
If you delete fees on the POC Itemization, best practices would be to also waive fees through the Miscellaneous Fees list view on the Loans > Marketing and Collections screen.
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Amount of Claim as of Petition Date
Mnemonic: BACDDP |
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Purchase Money Security Interest in Motor vehicle for personal use within 910 days prior to filing.
Mnemonic: BAPMS1 |
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Purchase Money Security Interest in any other thing of value within 1 year prior to filing date.
Mnemonic: BAPMS2 |
