Loans > Loan Screens > Investor Reporting Screen Group > Investor Group Screen > Group Information tab

Use this field group to view and edit remittance information for the investor group being created/edited.

lirig_remittance

Use these fields in conjunction to indicate the basis, frequency, and amount for the remittance of funds to the investor. The fields in this field group are as follows:

Field

Description

Remittance Frequency

Mnemonic: IGRMF

Available selections in this field are as follows:

Selection	Description
Specific Amount	Remit funds every time the total remittable funds collected are equal to or greater than the amount entered in the Remittance Frequency Data field.
Bi-weekly	Remit funds collected on a bi-weekly basis. A remittance report will be generated on the weekday entered in the Remittance Frequency Data field as well as the Cutoff date so funds can be remitted.
Monthly	Remit funds collected monthly as of the cycle Cutoff date. Remittance reports will be generated on the Cutoff date even if funds aren't due until after.
Weekly	Remit the funds collected on a weekly basis. A remittance report will be generated on the weekday entered in the Remittance Frequency Data field as well as the Cutoff date so funds can be remitted.

Remittance Frequency Data

Mnemonic: IGFTR

The type of value entered in this field is determined by the selection in the Remittance Frequency field:

•If "Specific Amount" is selected, enter a dollar amount in this field. For example, "5000.00" in this field indicates that the investor requires funds to be remitted when funds collected equals or exceeds $5,000.00.

•If "Bi-weekly" or "Weekly" is selected, enter a value to indicate the weekday on which funds will be remitted:

sun = Sunday

mon = Monday

tue = Tuesday

wed = Wednesday

thu = Thursday

fri = Friday

sat = Saturday

Use commas to separate multiple entries in this field. For example, entering "tue,fri," indicates a remittance report will be generated on Tuesday and Friday.

Funds to Remit

Mnemonic: IGFTR

Use this field to indicate the dollar amount to remit to the investor.