Loan Account Delinquency Details

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Delinquency

182

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Field Name

Description

Summary Tab

Fine ID

A code showing the type of fine for this loan.

Control (flag)

This flag shows the delinquency type code assigned to this loan account. This code controls how the next payment date is advanced on the loan.

P Single payment per period - The next payment date will not advance more than one payment period. Loans cannot be paid ahead. This method is typically used on open credit loans.

For example, on March 5 a member makes a $100 payment. The monthly payment amount is only $50 and the member is not delinquent. The system treats this as one payment and advances the next payment due date to April 5.

(blank) Can pay ahead - The next payment date is advanced according to the number of payments made.

For example, on March 5 a member makes a $100 payment. The monthly payment amount is only $50 and the member is not delinquent. The system treats this as two payments and advances the next payment due date to May 5.

N No delinquency calc - The system neither monitors nor controls the next payment date or delinquency on the loan. However, payments can be applied to the loan.

1 = Can Pay One Period Ahead, etc. – For mortgages with the 360-day calculation type, these options let you allow the member to pay ahead, but limit the number of months (up to 9 max.). Only allowed on loans with interest calc type 3 = 360/Post.

Control (date)

This shows the last payment date for which a fine was assessed.

·      For example, if the member's November payment was past due and the system assessed a fine for that payment, this field would show the November due date. If the member is delinquent yet another period, this field would update to the next due date.

Remember, this is the payment date for which this fine applies, not the date on which the fine was actually assessed by the system. For example, if the fine is configured so that it is assessed after the member has been delinquent 15 days, then the fine would actually be assessed after that period was ended. This field, however, would show the original payment due date for which the fine was assessed.

This field makes it easy to communicate to the member that they are being fined for missing their November payment, or their March payment, or their third quarter payment, etc.

Notice level

This field shows the last delinquency notice that was sent to this member. (There are four levels; this number corresponds to the notice level that was sent.)

NOTE: Notice Level “5” indicates that this loan has been moved to the Non-Responsive Delinquent Loan Report.

·      For more information about delinquency notice levels, see the Configuring Tools for Collections booklet.

Fines paid

The total amount of fines paid year-to-date.

Delinquent interest due

(Used by mortgage loans with the 360 calculation type only.) Because of the unique way that mortgage loans are handled by CU*BASE, this field is used to retain the amount of interest due for one delinquent payment so that the system can remember how much interest was due from last month separate from how much is due in total. Because of this, CU*BASE can automatically handle the payment spread (escrow, interest, principal, etc.) on delinquent payments for loans that are no more than 2 payments past due.

For more details, refer to the CU*BASE Mortgage Products: 360-Day Interest Calculation booklet.

# of payments delinquent

This field shows how many regular payments are behind, based on this loan's payment frequency. This is calculated using the date shown in the Next payment field in relation to the current date.

# of times delinquent

The number of times this loan has been delinquent for at least a month over the life of the loan. (The number increments once the number of months delinquent is greater than 0.) This is calculated by tracking the number of times that the member has gone delinquent, then become current, then gone delinquent again, etc.

·      HINT: Reading this figure can tell a collections officer much about this member's habits. For example, if this is a high number, it may show that the member has a pattern of falling behind, catching up, and falling behind again. Other factors to watch include how long the loan has been in place, whether it has been refinanced (see the # of Refinances field on the main loan account inquiry screen) and how long the loan is delinquent this time around.

Months
Days

The total number of months and days the loan is behind. This is calculated using the date shown in the Next payment field in relation to the current date.

1st date delinquent

The date on which this loan was first monitored as being delinquent for the current cycle.

Amount delinquent

The total amount that is past due, less any partial payment amount already collected, calculated as follows:

Regular payment ´ Months - Part Pay = Amt Delq

·      Depending on your credit union's configuration, it may be necessary for the member to pay this amount plus any outstanding fine amount in order to bring the loan current. For more information, see the Configuring Tools for Collections booklet.

Fine amount

The total outstanding fine due. The amount of the fine is calculated using the parameters set in the delinquency fine code (Fine ID).

·      For more information on how delinquency fines are calculated, see the Configuring Tools for Collections booklet.

Amount due

This field shows the total amount the member owes in order to bring the loan current and satisfy any outstanding fines:

 Amt Delq + Fine Amt = Amt Due

·      Depending on your credit union's configuration, it may be necessary for the member to pay this entire amount, which includes outstanding fines, in order to bring the loan current. For more information, see the Configuring Tools for Collections booklet.

Partial payment

This field is used to record any amount that has been deposited toward a regular payment, but which was not enough to satisfy the entire payment amount. This amount is used when determining the total past due amount, as shown under Amount Delinquent above.

Credit report #

The on-line credit report number associated with this loan, if any.

·      Remember that if a valid report number is linked to a loan account, that report detail will automatically be copied to CU*SPY and stored for the life of this loan. Use F1-View Credit File to review the report.

Report date

The date on the on-line credit report number associated with this loan, if any.

Bureau

The credit bureau for the on-line credit report associated with this loan, if any.

Risk score

The credit score (FICO, BEACON, EMPIRICA) from the on-line credit report associated with this loan, if any.

MDS score

The MDS/bankruptcy score from the on-line credit report associated with this loan, if any.

CU risk level

The credit union-defined risk level or “paper grade” determined for this member when the loan was created.

·      If your credit union uses the CU*BASE On-Line Credit Bureau Access system to pull credit reports, this field can be populated automatically if a Paper Grade is included as part of the report.

Regular payment

The regular scheduled payment amount, not including any escrow amount.

Escrow transfer

If this loan is set up to transfer funds to an associated tax escrow account, this shows the amount to be transferred for each payment.

·      SEE ALSO: Escrow Processing with CU*BASE

Total payment

The total regular scheduled payment amount, including any escrow transfer amount.

Next payment

(day)

The day of the month on which the next payment is due. This is used primarily for situations where the normal payment due date falls near the end of the month (29th, 30th, 31st), to adjust for months with different numbers of days.

Date

The date on which the next payment is due.

Escrow Detail Tab

Loan partial payment

The partial pay that has been paid toward the loan payment

Escrow partial payment

The partial pay that has been paid toward the escrow payment

Total partial payment

The total of the loan partial payment and escrow partial payment fields (above)

Escrow remaining

The amount left to be paid on the escrow

Escrow run date

The date that the escrow analysis was last run (month and year)

Escrow analysis date

The exact date that the escrow analysis was last run (MMDDYYYY)