Appendix A - Merge Field Descriptions (Loans) > Event 32, Insurance Letter (before expiration date)

This event will automatically generate letters for reserve disbursement types 20-28 and 40-49 that will expire within 75 days. A separate letter is created for each reserve disbursement item. Note: This event can also be manually requested within 75 days prior to the expiration date or any time after the expiration date.

This event will generate a letter to inform the customer that a reserve disbursement item is about to expire. The letter will generate a specific number of days before the expiration date.

Note: This event can be manually ordered after the loan is closed for 60 days. This would be used, for example, to notify the insurance company to remove the Finance Company as the mortgagee on the policy.

Options:

•A report option is available which indicates how many days prior to the expiration date a letter will be automatically generated; if this option is not set the letter will generate on the expiration date.

	GOLDPoint Systems Only: Miscellaneous Parameters 3-4 in the Report Setup Screen for FPSRP175 stores the number of days prior to the expiration date to create the letter.

•Institution options RDEX and RDE2 are available to store the reserve disbursement types for which the institution would like letters to be automatically generated. For example, if you only want letters for reserve disbursement types 20-25 or 40-45.

Information used in the letters is pulled from Loans > Reserves > Account Reserve Detail screen. This event must be requested through a work order.

Merge Field	Field Mnemonic/Calculation	Description
AMOUNT TO BE DISBURSED	RDAMNT	Amount that will be disbursed on the reserve
COMPANY ADDRESS 1	CAADD1	Payee address line 1
COMPANY ADDRESS 2	CAADD2	Payee address line 2
COMPANY ADDRESS 3	CAADD3	Payee address line 3
COMPANY CITY STATE ZIP	CACITY, CASTAT, CAZIPC	Payee’s city, state, and ZIP
COMPANY CONTACT	CACONT	Contact for the payee
COMPANY NAME	CANAME	Payee’s name
COMPANY NUMBER	RDCONO	Number assigned to payee information
COMPANY PHONE NUMBER	CAPHNE	Payee’s phone number
DISBURSE EXPIRATION DATE	RDSEXP	Reserve disbursement expiration date
INVESTOR ADDRESS 1	IMA11	Investor address 1
INVESTOR ADDRESS 2	IMA12	Investor address 2
INVESTOR ADDRESS 3	IMA13	Investor address 3
INVESTOR ADDRESS 4	IMA14	Investor address 4
INVESTOR ADDRESS 5	IMA15	Investor address 5
POLICY COVERAGE AMOUNT	RDPCVR	Amount of the policy or coverage on the property
POLICY NUMBER	RDPLCY	Insurance policy number

Examples of Event 32 letters.