Loan Tax Maintenance
Overview of IL406
Loan Tax Maintenance is provided to enable your organization to track information about tax-related escrow payments relevant to the selected loan. This information is completely user-maintainable and is not updated in an automated fashion by any other application. Loan Tax Maintenance does not drive the creation of any transactions. To view the Tax Maintenance screen:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Financial Inquiry
- In the loan field, enter the loan number that you wish to work with. You can also click the list icon to view a list of all loans in the system
- From the Detailed Loan Inquiry screen, click View and select Loan Tax Maintenance. You will see a screen similar to this one:
The following information is visible on this screen:
| Field | Description |
|---|---|
| Account | Displays the account number and name/address information of the borrower |
| Remitter | If applicable, displays the remitter's account number and name/address information |
| Loan | Displays the loan number |
| Payment frequency | Free-form field indicating the frequency of tax-related escrow payments |
| Next due date | Due date of the next tax-related escrow payment |
| Number of payments | Number of tax-related escrow payments made on this loan |
| Total payments | Total dollar amount of tax-related escrow payments made on this loan |
To modify this information, click the Edit button on the toolbar. This will activate the fields that you are able to edit:
When you have finished entering the information, click Save to retain your changes.
When you have finished viewing/modifying the screen, click Exit to return to the Detailed Loan Inquiry screen.
