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Payment Calculator

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Payment Calculator

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Note: Changes and enhancements made to Payment Calculator are mostly institution-specific and may not make sense if you are not the institution that requested it. We advertise these changes here, so your institution will be aware of the changes we have implemented. The work order number, if provided, will help you know if the change you requested is now available. If ever you need adjustments to any of your loan types used in Payment Calculator, please contact your GOLDPoint Systems account manager.

 

Enhancement

Description

Waived Interest Calculation Fix

 

CMP: 19275

 

CIM GOLD version 7.21.2

An error was causing the Waive_RecalculateStateRate calculation to function identically to the Waive calculation (in other words, the Waive calculation wasn't properly using odd days). This error has been corrected.

Processing Fee Correction for Reinstated Loans

 

CMPs: 19226

 

CIM GOLD version 7.21.2

Support has been added for Dynamic Insurance formula 34 to use a 360-day base.

 

 

 


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