Automatic Loan Payment Listing
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Overview of IL643
The Automatic Loan Payment Listing generates a list of all EFT loan payments due on active loans of a specified type(s) or types. It is a report only and does not actually process EFT transactions. However, it can be set to create payment batches to apply to affected loans as well as to post loan payments to the general ledger. The pdf output contains information such as the loan type, loan number, registration, loan status, ABA Number, bank account, account type, active auto payment, inactive auto payment, payment due date and batch number. To generate the report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Loans
- Double-click Reports
- Double-click 643 Automatic Loan Payment Listing. The parameters screen will now launch:
You have these options:
| Field | Description |
|---|---|
| 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 |
| Auto payment date range/thru | Enter a start and thru date if you wish to filter on just those payments occuring within the date range. You can type the dates in a mm/dd/yyyy format or click the calendar icons to select the date(s). Leave these fields blank to report on all automatic loan payments |
| Page per type | If you select this option, the report output will place a page break after each loan type. Leaving it unchecked will combine multiple loan types per page |
| Create batch | If selected, this will create a mailroom batch in Cash Receipts stage 1. For information on how to process payments via Cash Processing, please reference this page: Cash Processing Stage 1 |
| Post payments | If this option is selected, the system will post a payment record to the loans on the report, as well as update the general ledger to reflect the payments made |
| Payoff principal balance and move to interest only loan if payment is greater than balance | If a payment amount is greater than the principal balance remaining on a loan, this option overrides the loan prioritization to allow the principal to be paid off first before the remainder is applied to toward any unpaid interest and reserves |
| Apply overpayment as extra payment | When checked, and if ACH amount is greater than regular payment amount for any loan, two transactions will be created when update is performed - Tran ID 200 with regular payment, and Tran ID 210 with extra payment |
| Post to account | Click the drop down arrow to the right of this field to select the account to which the system should post the funds |
| Discretionary data value | This field is part of the EFT file output |
| Entry description value | This field is part of the EFT file output |
| EFT file format | If you are creating the batch, click the drop down to select the format. Your options are prenotification file or debit 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 |
Click Start. The system will generate a pdf with a summary of the contents of the file. Click the icon below to view a sample of the pdf output.
