Submit a Non-Monetary Transaction

Non-monetary transactions are submitted to Recovery Accounting using the Select a Non-Monetary Transaction drop down list in the Local Navigation/Actions Menu Bar. When the transaction is selected a dialog is displayed; information may be specified and the Save push-button selected. The selection of the Save push-button initiates the transaction to be submitted to Recovery Accounting. If the transaction posts successfully a history record is written, the appropriate fields are updated, the dialog is closed, and the originating view is displayed. If the transaction does not post successfully, the errors are displayed in the Messages dialog.

The Select a Non-Monetary Transaction drop down list is disabled for inactive accounts.

The transactions listed in the Select a Non-Monetary Transaction drop down list are filtered based on the current status of the account.

There is a group of non-monetary transactions that do not require additional information to be specified before the transaction is submitted. When any of these transactions are selected the Confirmation dialog is displayed. The following is a list of the transactions, in the Select a Non-Monetary Transaction drop down list, that do not require additional information when the transaction is submitted:

Place in Foreclosure
Remove From Foreclosure
Remove From Repossession
Remove Legal Status
Block Account
Freeze Account
Remove Block or Freeze
Remove from Memo Stop
Reinstate Accruals
Document Request
Remove Account From Sold Pool
Loan Sale Ind Change to Unavail
Loan Sale Ind Change to Avail

There is a group of non-monetary transactions that require additional information to be specified before the transaction is submitted. When any of these transactions are selected a specific non-monetary transaction dialog is displayed requesting the appropriate information for the transaction. The following is a list of the transactions, in the Select a Non-Monetary Transaction drop down list, that require additional information when the transaction is submitted:

Current Loan Officer Change
Interest Report Ind Change
Lease GEO Code Change
Behavior Index Change
Preferred Currency Change
Credit Bureau Parms Change
Org Control Levels Change
Right to Priv Act Code Change
Interest Paid (YTD) Change
Foreclsr Int Paid (YTD) Change
Call Report Code Change
Interest Rate Change
Variable Rate Data Change
Place in Repossession
Place in Legal Status
Place in Memo Stop
Stop Accruals
Loan Type Change
Add/Remove Account From Pool

Follow these steps to submit a non-monetary transaction:

Access the account using the Access Account option on the Home page or Navigation menu. The Collections or Accounting views are displayed. If the Collections views are displayed, select the Accounting push-button on the Tool Bar. The Accounting views are displayed.
Select the transaction from the Select a Non-Monetary Transaction drop down list. The transaction dialog is displayed.
Verify that the correct transaction was selected using the transaction description at the very top of the dialog. If the transaction selected is incorrect select the Cancel push-button. The transaction dialog is closed and the originating view is displayed.
If the transaction requires additional information, then specify the value(s). If not, or when entry is complete, select the Save push-button. The transaction is submitted to Recovery Accounting. If the transaction posts successfully the dialog is closed and the originating view is displayed. If the transaction does not post successfully, the errors are displayed in the Messages dialog.