Fees Paid By
General. Fees paid by is a selection that will let you choose how payments apply to fees on a loan. This selection is made in the Advanced Configuration section of Setup Terms. Date. If you select Da…
This article gives a general overview of how charges work and what options are available within the LMS.
Automatic Late Fees
This article explains how to set automatic late fees up and explains when a late fee will be charged.
Late Fee Enrollment
Introduction. In LoanPro, you have the ability to enroll loans for late fee assessment based on the loan status. For example, if a loan is repossessed or closed out in another way, you may not want l…
Log a Charge
Your company may add additional charges to customer accounts for any number of reasons. This article goes over logging a charge on an account. This article will not cover automatic late fees, recurring charges, or change due date charges.
Introduction. LMS keeps an audit trail of all transactions on loans, making it easy to both see what changes have been made and reverse them if necessary. Reversing a charge is just a matter of a few…
Export Loan Charges
General. At times, you may want to export the charges on a loan so you can run further analysis of the numbers in Excel or easily show the customer the charges that have been assessed. While there ar…
Introduction. Recurring charges let you set up automatic fees based on your own criteria. These charges are triggered by a loan event or a rule , so you can really customize them to do whatever you'd…