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.