Debt Note / Funding
Securitization Configuration
See attached document for complete details. The attached document outlines the configuration requirements and processing steps to take within ASPIRE when a securitization of contracts is anticipated and closed. It includes steps on how to process 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.
Types of Fundings Available through ASPIRE
1. Sale 2. Assignment 3. Participation 4. Collateral Debt Note 1. Sale AKA “Gain on Sale”. You are selling the deal to a different lender/funding source at a discounted rate – meaning the rate on the sale is less than the rate you have with your ...
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 ...
Validation Error upon booking Collateral Debt Note: G/L accounts not set up
What does it mean when I receive the following error when attempting to book an Collateral Debt Note record? This means that the Funding Source attached to the Collateral Debt Note does not have all of its GL Setup populated. How to Resolve: 1. Look ...
Validation Error upon booking Participation Debt Note: G/L accounts not set up
What does it mean when I receive the following error when attempting to book an Participation Debt Note record? This means that the Funding Source attached to the Participation Debt Note does not have all of its GL Setup populated. How to Resolve: 1. ...
Validation Error upon booking Assignment Debt Note: G/L accounts not set up
Validation Error upon booking Assignment Debt Note: G/L accounts not set up What does it mean when I receive the following error when attempting to book an Assignment Debt Note record? This means that the Funding Source attached to the Assignment ...
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 ...
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. ...
Funding Intro and Scenarios Videos
See attached document and linked videos for complete details. The attached document provides a glossary of common funding terms. The linked videos provide and introduction to ASPIRE Bank Funding functionality and the common funding scenarios. Video 1 ...
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 ...
Funding Source Payables & Gain on Sales Treatment
Bank Funding Module, Funding Source Payable GL mapping and processing options There are options for handling the amounts due to and from the Funding Source (FS) within Aspire and the clients GL. Each FS has their own unique GL mapping ...
ASPIRE Debt Note Termination
Debt Note Payoff Calculation This is a calculator that will compute the debt note payoff amount due to the lender based on the payoff date and the last payment made to the lender. This can be reached from the Debt Note by selecting the dollar icon Or ...