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Consulting Plus Inc.,
29222 Rancho Viejo Road, Suite 209 San Juan Capistrano, CA. 92675 (800)481-2708

 
 




Typical Question:

No loans to update error:

I just entered some new loans. I know they are there but when I try to run the daily update, I get a message saying there are no loans to update.


  Answer:

Possible causes:

Loan Date Last Update >= System Date Last Update

You have already updated for today and create a new loan. The date last update for today will be today's date but today has already been updated. This loan will not update until tomorrow.

You created a loan using the Existing Loan screen and set the loan's date last update to a future date. Find the loan in the view screen and change the loan's date last update ( Dates Tab - upper right corner) (This is the number one cause of this problem )

Loan balance = 0.

You created a loan with the "New Loan All Options" screen and did not enter a current balance. The loan was saved but the balance is zero. This is a normal practice for constructions loans. A loan with a zero balance is not updatable.

On the view screen, check the check box that says "Show zero balance loans". Find your loan and post an advance transaction ( TC 11 ) for the amount of the initial advance

Loan Status Less than 20 or greater than 40

The loan status us rarely guilty here because it is normally set by the system. The loan status can cause the problem if you enter it manually. The loan system status field ( System Status on the Loan Tab ) should be 20. It MUST be greater than 19 and less than 40. Any value outside that range is not updateable.


 

Bottom Line Software, Inc.
P.O. Box 118826
Carrollton, TX 75011-8826
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Loan Master - Loan Servicing Software

 


 
 

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