Maintaining Principal and Escrow Totals

Related Topics

The Principal and Escrow - Maintenance dialog box lets you view and maintain principal totals (statement period-to-date, year-to-date and prior year-to-date) and escrow totals (statement period-to-date, year-to-date and prior year-to-date). To access the Principal and Escrow - Maintenance dialog box, complete the following steps:

  1. Under Member Services on the Portico Explorer Bar, click Account Information. The Overview tab appears on top.
  2. Click the Interest/Div/Lt Chgs/Fees tab.
  3. Locate the member using the search tool on the top menu bar. Select the down arrow to select the search method, then enter the search criteria. Select the green arrow or press ENTER to locate the member.
  4. Click Maintain Stmt to Date and YTD Principal and Escrow to display the Principal and Escrow - Maintenance dialog box.
Principal and Escrow - Maintenance

How do I? and Field Help

You can correct the statement period-to-date and year-to-date principal totals and/or the statement period-to-date and year-to-date escrow totals as needed; however, no general ledger adjustments will be made.

Click Top of List to scroll to the beginning of the account list. Click the left and right arrows to scroll through the account list.

Column Heading Description

Account

The loan note number.

Length: 6

Keyword: AT

Type

The loan type.

Length: 1

Keyword: AI

Balance

The current loan balance.

Stmt to Date Principal

The total principal paid for the statement period-to-date. The total will be updated as payments are applied to the loan. Only payments applied during the current billing cycle will be reflected in the total. The total will be cleared to zero when the loan is reported on the statement. This total can be maintained.

Length: 15 numeric including decimal

Keyword: PS

Year to Date Principal

The total principal paid for the calendar year. The total will be updated as payments are applied to the loan. Only current year principal applied will be reported. The total will be rolled to the Prior YTD Principal column when the year end totals are reset. This total can be maintained.

Length: 15 numeric including decimal

Keyword: PY

Prior YTD Principal

The total principal paid for the prior calendar year. The total from the Year to Date Principal column will be rolled to the Prior YTD Principal column when the year end totals are reset. This total cannot be maintained and is not updated by the payment process.

Stmt to Date Escrow

When escrow is supported on the loan, this is the total escrow paid with the loan payment for the statement period to date. The total will be updated as payments are applied to the loan. Only payments applied during the current billing cycle will be reflected in the total. Escrow, paid as the designated part of the loan payment amount will be added to the total. The total will be cleared to zero when the loan is reported on the statement. This total can be maintained.

Length: 13 numeric including decimal

Keyword: ES

Year to Date Escrow

When escrow is supported on the loan, this is the total escrow paid for the calendar year. The total will be updated as payments are applied to the loan. Only current year escrow, paid as a designated part of the loan payment amount will be added to the total. The total will be rolled to the Prior YTD Escrow column when the year end totals are reset.

Length: 13 numeric including decimal

Keyword: ES

Prior YTD Escrow

The total escrow paid for the prior calendar year. The total from the Year to Date Escrow column will be rolled to the Prior YTD Escrow column when the year end totals are reset. This total cannot be maintained and is not updated by the payment process.

Click Save to save your changes.

Click Cancel to disregard your changes.

General Ledger Effects: none | Related Reports: Non-Financial Transaction Register Report 030 (reports maintenance)

Portico Host: 14T Transaction

Transaction Command Line: 14Ttt mmm;AT L;AI lll;PY ppppppppppp.pp;EY eeeeeeeee.ee;PS qqqqqqqqqqq.qq;ES fffffffff.ff

where:

tt is the teller

mmm is the member number

AT Account Type (ACCTYP) Length 1 (Value always L)

AI Note Number (NOTEXX) Length 6

PY Principal YTD (LPRYTD) Length 15 xxxxxxxxxxx.xx

EY Escrow YTD (LESYTD) Length 13 xxxxxxxxx.xx

PS Principal Statement to Date (LPRSTM) Length 15 xxxxxxxxxxx.xx

ES Escrow Statement to Date (LESSTM) Length 13 xxxxxxxxx.xx

Here is an example for member 56789, loan note1; Principal YTD = 234.56, Escrow YTD = 123.45, Principal Stmt to Date = 56.67, Escrow Stmt to Date = 34.56:

14TDW 56789;AT L;AI note1;PY 234.56;EY 123.45;PS 56.67;ES 34.56