FAQ

How to modify the User Defined Field screen layout
Below are the steps to modify the User Defined Field (UDF) screen layout. 1. Query a loan that uses the UDFs that you wish to modify. 2. navigate to ...
Wed, 27 Feb, 2019 at 8:42 AM
What is the difference between term and term due?
Term is the period over which the loan's payment amount is amortized.  Term Due controls the date that the loan matures.  When a loan has a term due th...
Wed, 27 Feb, 2019 at 9:07 AM
Truncating vs Rounding
The system function will determine whether rounding or truncating is used. For interest accruals, NLS rounds up to 10 decimal places For billings...
Wed, 27 Feb, 2019 at 3:18 PM
This loan has been accrued and closed for transactions dated today
If you are receiving this error message, it means that the loan has already been accrued for the current day and no more transactions can be posted ...
Wed, 27 Feb, 2019 at 9:23 AM
How to generate a payoff notice
A Payoff Notice can be generated on a loan by navigating to the loan, clicking on the loan tab, clicking on the individual report icon in the ribbon bar, an...
Wed, 27 Feb, 2019 at 10:03 AM
Search using metacharacters
A metacharacter is a character that has a special meaning when it is entered as search criteria. Metacharacters allow you to customize your search parameter...
Fri, 24 May, 2019 at 9:49 AM
How to calculate add on interest
The formula for calculating Add on interest is I=PxRxT I=Total Interest P=Principal R=Interest Rate T=Term in years
Wed, 27 Feb, 2019 at 10:52 AM
How to calculate Add on interest payment amount
This is the formula to calculate the payment on a using the rule of 78s - add on interest method . Pmt=(P+I)/n Pmt=payment amount P=Principal I=total...
Wed, 27 Feb, 2019 at 10:57 AM
Loan Statement Examples
Loan Statement 1 Loan statement 2 Loan Statement 3 Loan Statement 4 Mortgage Statement Commitment Statement First page There will be separ...
Thu, 29 Aug, 2019 at 9:26 AM
How to tell whether an accrual process was run via NLS Service or was run manually
Check the NLS log>Accrual folder, and select the event.  The details of the event will be shown at the bottom of the screen. When an accrual update...
Thu, 28 Feb, 2019 at 8:22 AM