Real Life Bank Funding Setup Information

Real Life Bank Funding Setup Information

See Attachment for more information

CONTENTS OF ATTACHMENT:
1.  Explanation of the fields within the Contract Explorer > Funding Screen
      - Page 2 
3.  How to select the payment stream to be included in the Sale, Participation, or Assignments when Cash Basis or Accrual Basis
      - Page 3
2.  Explanation of how each Real Life Type of Funding Configuration should be configured in the Servicing Tab and what to expect from that behavior
      - How LP's DISC1 would be built:  Page 4
      - How LP's DISC2 would be built:  Page 5
      - How LP's DISC3 would be built:  Page 6
      - How LP's DISC4 would be built:  Page 7
      - How LP's DISC5 would be built:  Page 8
      - How LP's DISC6 would be built:  Page 9
      - How LP's DISC7 would be built:  Page 10
      - How LP's DISC8 would be built:  Page 11
      - How Participations are built:  Page 12
4.  Funding Service Cash Receipt:  What to do when the customer sends the payment to the Finance Company instead of the Funding Source as they were supposed to, so you can open the invoice back up to receive cash.
      - Pages 13 - 15
5.  How to process a Sale Repurchase
      - Pages 16 - 17

    • Related Articles

    • Bank Funding Module Training

      Please see the attachments for detailed information, recording available from within the Vimeo weblink Three Attachments available + a link for the Recorded Training: 1. Real Life Bank Funding Setup Information, available to assist with a. ...

    • Discounting Webinar

      Please see the attachments for detailed information, recording available from within the Vimeo weblink One Attachment available + a link for the Recorded Training: 1. The Q&A from the training, titled "Discounting Webinar Q&A.pdf" 2. The recorded ...

    • How to build a new Finance Company

      Please refer to the attachment. There are instructions provided for Global Level setup as well as for Finance Company Level setup. This article was created with the perspective that the ASPIRE v5 site has already been initially configured, and the ...

    • Funding Source Configuration

      See attached document for additional details. The attached document provides details on setting up a Funding Source on the Account Explorer - Main screen.

    • Validation Error upon booking Sale Funding: G/L accounts not set up

      What does it mean when I receive the following error when attempting to book a Sale Funding record? This means that the Funding Source attached to the Sale Funding does not have all of its GL Setup populated. How to Resolve: 1. Look up the Funding ...