CIM GOLD What's New > What's New in Version 7.21.5

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
Loan Disclosure Additions CMP: 19646, 19647 CIM GOLD version 7.21.5	Loan Disclosures have been enhanced with the following additions: •Extension interest method: Irregular First Payment Using Daily Interest •Insurable balance calculation* •Show Days for Extension Interest •Show Days for APR •Show Days for Insurance Premium Adjustment *Insurable balance calculation has been enhanced with the following definitions: •0: TP minus Extension Interest •1: Total Payments •2: Total Payments minus Maintenance Fee •3: Principal Balance •4: Amount Financed

Enhancement

Description

Loan Disclosure Additions

CMP: 19646, 19647

CIM GOLD version 7.21.5

Loan Disclosures have been enhanced with the following additions:

•Extension interest method: Irregular First Payment Using Daily Interest

•Insurable balance calculation*

•Show Days for Extension Interest

•Show Days for APR

•Show Days for Insurance Premium Adjustment

*Insurable balance calculation has been enhanced with the following definitions:

•0: TP minus Extension Interest

•1: Total Payments

•2: Total Payments minus Maintenance Fee

•3: Principal Balance

•4: Amount Financed

Back to What's New in Version 7.21.5