Navigation:  Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab > Reserve Analysis Effective

Entry: User, numeric

F/M: Yes

Mnemonic: LNANAL

Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab

 

Use these fields to select the day and month the reserve analysis will take effect. This field is the exact same as the Reserve Effective field on the Loans > Account Information > Reserves > Reserve Analysis screen > Options, Limits & Loan Fields screen. If you make changes to these fields on this screen, the changes will be reflected on the Reserve Analysis screen, and vice versa.

 

The reserve analysis effective day is the day the system runs the annual reserve analysis for this loan to determine whether or not the payment needs to increase, decrease, or stay the same for the next year due to taxes, insurance, or other reserve disbursement amounts that may increase or decrease from year to year.

 

See the Reserve Effective field on the Loans > Account Information > Reserves > Reserve Analysis screen > Options, Limits & Loan Fields screen for more information about the reserve analysis run date.