Loans Paying Interest Only

We have some loans that are paying interest only for a time. They will eventually begin paying P&I payments. How do I set those up in the DDI-Connect system?

These types of loans should be set up with a status of 11 or 12 in the Loan Add/Maintenance, depending on whether or not they are still advancing. To have the system automatically switch the status to a 1 or a 2 when the borrower is to begin their P&I payments, enter the first payment due date (for when the first P&I payment is due) and the regular payment amount. The system automatically changes the loan status when the first payment due date is approaching (within the next month) and the regular payment amount is greater than 0.