Rules Applied – Loan Settings

General

This article will supplement the information that can be found in  rules applied.  The loan settings rules applied specifically let you change the  loan settings when the rules that you set up here evaluate to true.

Overview

Loan settings rules applied can be found in Settings > Loan > Rules Applied > Loan Settings.

You have three options for each existing rule application.  They are represented by icons as follows:

  •   subscriptions Enroll All Loans – When clicked, all loans will be enrolled for this rule.
  •   edit Edit – Clicking this will let you edit the rule application.
  •   delete Delete – This will delete the rule application.

The option to force a rule application used to be available on this page. This can now be done using the  loan admin tools.

To add a new rule application, click  .

Here you have access to change any  loan setting when your rule applies.  Leave fields and selection boxes blank if you don’t want them to change.  You will also be able to change  custom field values if loan settings custom fields have been created in your company account.

Numeric custom field values may be updated to native LoanPro amounts using the Base Value feature. The native LoanPro amounts that may be used are the following:

  • Base Zero
  • Amount Past Due
  • Principal Balance
  • Payoff
  • Due Fees
  • Due Principal
  • Due Interest
  • Due Escrow
  • Payoff Fees
  • Remaining Discount
  • Remaining Interest
  • Total Advancements
  • Total Credits
  • Next AutoPay Amount
  • Available Credit
  • Last Payment Amount
  • Next Payment Amount
  • Total of Payments Collected
  • Total Loan Amount
  • Underwriting Fee
  • TIL Finance Charge
  • TIL Total of Payments

You may add or subtract from any of these amounts using the number that appears next to the field once a base value has been selected. If you would like the custom field to be updated to a static number, select Base Zero, and then enter the static number as the number next to the field.

Date type custom field values may also be updated to native tracked LoanPro dates using the Base Value feature. The native LoanPro dates that may be used are the following:

  • Current Date
  • Next AutoPay Apply Date
  • Next AutoPay Process Date
  • Loan Creation Date
  • Last Human Activity Date
  • Date Last Current
  • Final Payment Date
  • Original Maturity Date
  • Insurance Start Date
  • Insurance End Date
  • Last Payment Date
  • Next Due Date
  • Next Scheduled Payment Date
  • Closed Date
  • Liquidation Date
  • Repossession Date
  • Follow Up Date
  • Contract Date
  • First Payment Due Date

You may add or subtract days from any of these base dates using the number that appears next to the field once a base date has been selected. If you would like the date to be updated to the same date when the rule has been evaluated to true, select Current Date as the base date, and leave the add/subtract days setting set to zero.

If you choose a base date that doesn't have a value, by default the current date will be used as the base date. For example, if the base date used is Next AutoPay Apply Date but there is no AutoPay on the account, then the field will instead use the current date.

If you have custom fields or other values in your loan settings that you may want to set back to null, you can check the “Set as Null” checkbox to the right of the values.

There is the additional option in settings rules applied to remove portfolios as well as add them.


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