Navigation:  GOLDTrak PC What's New > GOLDTrak Version 7.9.17 - 7.9.25 > Payment Calculator Type Added

CMP: 16326

 

The Payment Calculator Type field (PMT_CALC_TYPE_LM) has been added to the Information tab of the Loan Program Design screen in GOLDTrak PC Setup. This is a screen maintained by your GOLDPoint Systems account manager and is used to create new loan programs for your institution.

 

This new field was added to designate which calculator is being used when calculating the Interest Calculation Method for this loan program. Interest Calculation Method is an important field for any loan. It is the method used to calculate the interest and principal payment on the loan. We have three calculators that can be used in loan programs:

 

A - APRGOLD Calculator

C - CIM Payment Calculator

E - eGT Payment Calculator

 

You should not be adjusting this field. Contact your GOLDPoint Systems account manager if you have any further questions.