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	Use the dropdown to choose between 'Account' and 'Loan'
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	Checking box includes Month-end accrual of interest
Include loan relief	Checking this box includes looking at any existing loan relief records before processing
Bank account	If you have multiple bank accounts, this dropdown allows you to choose the one you want to use for processing.
Create batch	Checking this box opens the following two fields allowing you to create a cash receipt batch
Cashier type	Use the dropdown to enter the type of cashier batch you want to create.
Batch type	Use the dropdown to choose the batch type, for example, Investment, Loans, Default, etc.
Process Cash Receipt Batch	Checking this box opens up the following two fields allowing you to choose how you want the payments posted
Payoff principal and move to interest only (if pmt greater than bal)	If the loan payment amount exceeds the principal balance, the principal is paid off first and the loan status is changed to "Interest only".
Apply overpayment as extra payment	This choice will apply any amount over the payment amount as an 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	Enter the date you want to use as the create date. You can type it in mm/dd/yyyy format or click the calendar icon to select the date
Discretionary data value	This field is added to the EFT file
Entry description value	This field is added to the EFT 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.
Email	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

Security Function

Users must pass the security function listed below in order to run this report.

LNPAYMT