Learn how to setup (and use) impounds. Impounds is a feature that is best used for loans that are tied to real-estate where the lender needs to collect and pay third party vendors. For example in real-estate loans, money is collected (impounded) and is put aside to pay insurance and property taxes. This webinar recording covers:

Setting up impound accounts including custom transaction codes

Using the impound analyzer

FARET compatibility

Impounds

Aired: June 3, 2015

Description:
Learn how to setup (and use) impounds. Impounds is a feature that is best used for loans that are tied to real-estate where the lender needs to collect and pay third party vendors. For example in real-estate loans, money is collected (impounded) and is put aside to pay insurance and property taxes. This webinar recording covers:

Setting up impound accounts including custom transaction codes
Using the impound analyzer
FARET compatibility

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