Interest Reset or Insurance Expiry

For Floating Rate loans, on  the date of interest reset the system prepares new amortization schedules  with updated index.

This process may be initiated by the user.  Each loan portfolio can be updated separately.
The system automatically prepares new amortization schedule  notices  to borrowers (print, pdf, email). Templates for the notices can be customized.

The system  keeps track of missing and expired property insurance. Preparation of notices about  expired or missing  property insurance  works in the similar way as new schedule notices.

 

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