Loan Payment Receipts (527)
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Contents
Overview of IL527
The Loan Payment Receipts report allows you to generate payment receipts for your borrowers. This report differs from the IL526 payment receipts in that reserve and escrow information is not generated on the receipts. If your organization needs those fields, you should run IL526 Loan Payment Receipts. For information on that report, please reference this page: Loan Payment Receipts. This report is typically configured to be run as part of your periodic job processing. To generate the report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Loans
- Double-click Reports
- Double-click 527 Loan Receipt Notices. The parameters screen will launch:
Report Criteria
| Field | Description | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Start Date | Enter the beginning date of the range you wish to generate receipts for. You can type this in a mm/dd/yyyy format or click the calendar icon to select a date | ||||||||
| End Date | Enter the ending date of the range you wish to generate receipts for. You can type this in a mm/dd/yyyy format or click the calendar icon to select a date | ||||||||
| Loan types | If you wish to generate receipts for only certain loan types, you can do so by typing the type code or codes, separated by commas, in this field. You can also click the list icon to select from a list of active loan types in the system. Leave this field blank to generate receipts for all loan types | ||||||||
| Loan categories | Comma delimited list of loan categories | ||||||||
| Original form | This tells the report which merge form template to use to generate the receipts. The system default is LPR1. If this should be changed, click the list icon to select from a list of available templates | ||||||||
| Copy form | This tells the report which merge form template to use to generate the receipt copies. The system default is LPR1. If this should be changed, click the list icon to select from a list of available templates | ||||||||
| Loan number | If you are generating a receipt for a specific loan number, you can enter that information here. Type the loan number or click the list icon to select from a list of loans in the system. Leave this field blank to generate receipts for all qualifying loans | ||||||||
| Merge method | Click the list icon to select the method desired to create the notices. Your options are:
| ||||||||
| Max loan relief date | Search for upcoming loan relief changes related to loan payment amount and substitute in place of existing loan payment amount | ||||||||
| Separate ACH remitters | If this is selected, the system will generate all non-ACH statements, and then all ACH statements | ||||||||
| Exclude Interest Billing Transaction |
Mailmerge Fields
This report generates mailmerge data (max 50) and has the potential to include the following fields.
| Name | Description |
|---|---|
| Registration | |
| LoanNumber | |
| VerbalProcessDate | |
| VerbalPaymentDueDate | |
| Rate | |
| TranTotal | |
| PrincipalAmount | |
| InterestAmount | |
| PreviousBalance | |
| CurrentBalance | |
| RegularPaymentAmount | |
| PastDueAmount | |
| TotalDueAmount | |
| MailAddress1 | |
| MailAddress2 | |
| MailAddress3 | |
| MailAddress4 | |
| MailAddress5 | |
| MailAddress6 | |
| MailAddress7 | |
| MailAddress8 | |
| CopyAddress1 | |
| CopyAddress2 | |
| CopyAddress3 | |
| CopyAddress4 | |
| CopyAddress5 | |
| CopyAddress6 | |
| CopyAddress7 | |
| CopyAddress8 | |
| InvSupportAmount | |
| MonthsPrepaid | |
| PrepaidAmount | |
| SpecialAmount | |
| pppdmsg | |
| PaymentMessage | |
| AddressType | |
| ReceiptMessage | |
| CopyMessage | |
| AutoDebitInfo | Auto-debit loan date and amount text based on message #526044 |
Merge Form Selection Rules
| Form | Description |
|---|---|
| LPR1 | |
| LPR2 |
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 report displaying the results of the processing. Click below to view a sample of this pdf output.
In order to print the receipts, you must first merge the notices within the Merge System. For information on how to do this, please reference this page: Merging Documents. Click below to view a sample of a loan payment receipt
Security Function
Users must pass the security function listed below in order to run this report.
LNOPER
