Field

Description

Check/Cash

Mnemonic: N/A

Select either the Check or Cash radio button to indicate how the borrower is making this payment. This will default into the CIM GOLDTeller transaction after <OK> is clicked.

Account Number

Mnemonic: LNOFFC, LNACT6, LNCKDG

Use this drop-down field to select the loan account number to which this borrower wants to make a payment.

Transaction Amount

Mnemonic: LNPICN

In this field, enter the amount this borrower is paying toward the payment on the loan.

Fee/Waive Amount

Mnemonic: N/A

The name of this field changes depending on the payment type. If this field is called Waive Amount, use this field to indicate any fee amount being waived in the transaction. Otherwise, if a fee is due on this loan (such as a late fee), it will appear in this field. Fee amounts are set up and determined by your institution. The Fee Amount is added to the total amount due, as displayed in the Total Due field.

Effective Date

Mnemonic: N/A

In this field, enter the effective date for the loan payment; the day when the system processes the loan payment. You can enter a date in the future, and the system will apply the transaction amount to the Account Number selected above on the date you select in this field.

Insurance Type

Mnemonic: N/A

If this customer wants to make an insurance payment, select the Insurance Payment radio button from the Payment Selection field group. Then, in this field, select the type of insurance for which this payment is being made. See below for a list of possible choices in this field.

Insurance Type codes

Coverage From/To

Mnemonic: INPCFD, INPCTD

These fields are only available for insurance payments (Insurance Payment radio button is selected). Use these fields to indicate the dates of coverage for the corresponding insurance policy. The loan must have valid insurance on the account in order for the Insurance Payment to process.

For example, if you are making an insurance payment on a loan that has unemployment insurance, the coverage for the unemployment insurance must cover the dates entered in the Coverage From/To fields.