Navigation:  Loan Screens > Account Information Screen Group > Reserves Screen Group > Reserve Analysis Screen > Reserve Analysis tab > New Loan Payment field group > Reserves 1 & 2 Payments (+)

Entry: System, numeric

F/M: No

Mnemonic:

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

 

This is the total of the monthly reserve 1 and 2 payment. This information is calculated by the system whenever you access this screen. This information will change if you add reserves or change reserve information through the Loans > Account Information > Reserves > Account Reserve Detail screen.

 

Monthly reserve payments are paid during the normal course of loan payments (the Payment Application field group on the Loans > Account Information > Account Detail screen should include 3 (Amount to Reserve 1) and 6 (Amount to Reserve 2, if applicable)). These amounts add up in the reserve account until your institution pays for those reserves on a designated date, as set up on the Loans > Account Information > Reserves > Reserve Analysis Options screen.

 

See also:

Surplus Amount

New Loan Payment