Loan Payment Processing
Overview of IL625
The Loan Payment Processing report allows you to generate automatic loan payments in both preview and update mode. To run the report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Loans
- Double-click Reports
- Double-click 625 Loan Payment Processing. The parameters screen will launch:
Report Criteria
Field | Description |
---|---|
Payment date range | Enter the beginning date and ending date for the range you wish to report on. You can type it in mm/dd/yyyy format or click the calendar icon to select the date |
Payment Group | This dropdown gives you a choice for the 'Payment Group', for example, All Payments Requests, Automatic ACH Payments, Online Payment Requests... |
Loan types | If you wish to filter the statements by loan type, you can do so with this field. To generate statements for selected loan types, you can type the loan type code or codes here, separated by commas, or click the list icon to select from a list of available loan types in the system. Leave the field blank to generate statements for all loan types |
Loan categories | If you wish to report on one or more loan categories, you can do so here. Type the code or codes, separated by commas, or click the list icon to select from a list of active loan categories in the system. Leave the field blank to report on all loan categories. |
ACH constituent ID | |
Report by loan type | Checking this box will separate the processing by loan type when reported. |
Update amount to pay for interest only loans before processing | Checking this box will tell the system to update the amount to pay for interest only loans 'BEFORE' processing |
Update amount to pay for regular payment loans (increase only) | Checking this box will tell the system to update the amount to pay for 'REGULAR' payment loans only if there is an increase in the payment. |
Month-end accrual | |
Include loan relief | |
Bank account | If you have multiple bank accounts, this dropdown allows you to choose the one you want to use for processing. |
Create batch | |
Cashier type | |
Batch type | |
Post payments | |
Payoff principal and move to interest only (if pmt greater than bal) | |
Apply overpayment as extra payment | |
Create EFT file | Checking this box opens up the fields that will allow you to create and save an EFT file |
EFT file | You enter the file path and the name for the EFT you are creating and saving |
EFT file format | Click the dropdown arrow to select which EFT format you wish to use. You can select a prenotification file or a debit file. Selecting either will activate an additional field for you to indicate the file name and directory to which it will be saved |
EFT date | |
Discretionary data value | This field is added to the EFT file |
Entry description value | This field is added to the EFT file |
Create balanced ACH file |
Print Options
After clicking the Print Options button you will see the following options. Choose the desired options and click OK to return to the report parameters screen.
Option | Description |
---|---|
Printer | Click the drop down arrow to select from a list of available printers. DDI Connect uses your default printer unless told otherwise |
Format | Click the drop down arrow to select from a list of available formats. Select paper size, number of columns, and number of rows for printing. Each report has built-in format defaults. Select “Use Defaults” to use the built-in report defaults. The number of rows and columns controls the print size and amount of information per page |
Memo | If you wish, you can add a memo to the output of the report. NOTE: It is recommended that Word documents be saved with the .docx extension |
View Report | This option generates a pdf file that is displayed on the screen when the report is generated |
Archive Report | If this option is selected, the system will archive the report in the DDI Connect report archives. For information on working with archived reports, please reference this page: Archived Report Viewer |
Print Report | If selected, the system will generate the report output to your default printer. NOTE: You will also receive a pdf version of the report, displayed on your screen |
Print via PDF | Prints directly to your printer. |
This option allows you to send a .pdf attachment of the report to the indicated users' email addresses. When OK is clicked, a dialog box will open requesting a recipient | |
Duplex/Top | Prints the report on both sides of the paper in landscape style. The printer must be capable of printing on both sides or an error will occur |
Duplex/Side | Prints the report on both sides of the paper in portrait style. The printer must be capable of printing on both sides or an error will occur |
Green bar | Adds shaded, horizontal bars to the report, making it easier to read across columns |
No dialog | Selecting this option means that no ‘Report Completed’ dialog will display after the report has been generated |
Extra copies | If you want extra copies of the report generated, type the number in this field |
Report Sample
Security Function
Users must pass the security function listed below in order to run this report.
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