2024 February

Product Updates:

• NACHA Module - New 'Clear Selected Payouts' button to clear payouts that the servicer would like excluded from a NACHA file
• Batching now provides the ability to print 1098 Copy A statements

Bug Fixes:

• Draws Module - Fixed an issue with recapitalized interest from the prorated period
• Clarified issue with Actual 360/365 interest accrual calculations that fluctuate dues per period, which result in balloon payments on fully amortized loans (Fully amortized loans work best using Periodic/360)
• Updated IRS Fire File and Batching details to reflect new IRS requirements
• Fixed Typos
• Borrower Portal Module - Fixed invalid path that caused errors on the 'Test' button for a new 1098 availability notice type
• Fixed exposed notices and features that should be restricted to module-specific users
• ACH Module - Fixed an issue with Single Pay Period loans and ACH payments not being marked as Payoff in the loan's Register
• Fixed an issue with interest rates to prevent adding rates past the maturity date of the loan