Tab - Interest Accrual

 

This screen shows loan level interest calculations.

 

To view more detailed information concerning the margin and index, double click on an interest line.  The box below will appear.  The left side shows any interest transactions (payments) that have occurred on the loan.  The right side shows how the rate on the chosen line was calculated.

 

Rate Part                Rate  

DQR-Inc                Increase in rate due to age of loan

IR                        Index

MGN                     rate margin

LS                       increase in rate due to size of loan

VI                        decrease in rate due to volume incentive

WF                       increase in rate due to note still wet

RFR                      rate floor

RFI                       rate floor index

NR                        Note rate