Loan Application Fee Payments
Overview of IL417
Loan application fee payments are processed via the cash receipts stage 1 screen. This procedure assumes that you are familiar with the payment processing/cash processing screens, so the instructions begin with Stage 2 of cash processing, which is applying the payments.
- From the DDI Connect main menu, double-click Financial Services
- Double-click Data Processing
- Double-click Payment Processing. The Payment Processing screen will launch:
Locate the batch containing the payment(s) you wish to apply, and click once to highlight:
In the Detail area, double-click the item you wish to process. The Transactions tab will populate:
Double-click the Loan Transactions item. You will see these options:
Double-click Loan Application Fee Payment. This will launch the Loan Application Fee Payment screen:
If you entered a valid loan number in the Reference field of the payment item, the system will locate the loan # and pre-populate the information. If you did NOT enter the loan number in the payment item, you can key in the loan number and press Enter or click Find, or you can click the list icon to locate and select the loan.
The following fields are available on this screen:
| Field | Description |
|---|---|
| Check Balance | The total amount of the check |
| Payment Amount | Amount of the payment |
| Application Fee Due | Amount due in application fees for this loan |
| Application Fee Paid | Amount of Application fees paid for this loan |
| Application Fee Balance | Amount of Application fees paid for this loan and not refunded |
| Application Fee YTD | Amount of Application fees paid for this loan for this calendar year |
Adjust the fields as needed, and click Save. You will see this message:
If you are sure, click Yes. You will then see this message:
Click OK to return to the Payment Processing screen.
