How do I set up my partial loan payments policy?

On the Closing Disclosure and the Notice of Sold or Transfer of Mortgage Loan Closed End, the Partial Loan Payment language is set based on the Document Policy applied at transaction time on the Loan Definition page.

Review your document policies in Administration to determine if changes are needed. On the Document Policy page under the Closing Documents section, select the appropriate option for Partial Payment Policy.

For existing transactions, the partial payment selection previously made within Document Data will remain present and will print to your documents. If you refresh a previously chosen Document Policy or select a new Document Policy on the Loan Definition page, the choice made in Administration will impact your transaction.