What's New:
6.03 05/19/06
Initial release of participation system
Add check number to transaction record.
Increase transaction comment to 36 characters from 24.
Add user defined transaction purpose codes.
eg.
Principal advance for unescrowed insurance premium.
Principal advance for collateral repair.
Construction Draw - Foundation
Construction Draw - Plumbing
etc.
6.02 04/15/06
Allow printing of Customer Memo field and Customer
activity log entries. Delinquent loan servicing report
lists the most recent log entries if any are found and
the most recent memo entries if the log is not used.
6.01 03/15/06
First release of 2006.
Fix pack and reindex
problem after deleting loans.
Allow immediate reuse of new loan number after
deleting a loan. ( Occurs when errors are made on a
new loan and it needs to be deleted and recreated.)
5.08 12/14/05
No changes. Extend
expiration date to 03/31/06.
5.07 Not released
Begin work on loan
participation system.
5.06 10/14/05
Add customer type field
to quick customer setup screen.
Remove trancodes 71 and 81 from customer statement.
Add return check charge to customer statement
Release new "Improved" Find Tab.
5.05 09/14/05
Microsoft Word Billing
letters print too many notices. Revise logic to
print ONLY notices that are actually due today.
The "Find Tab" grid is
still a problem. Toss it out and replace the "Find
Tab" with a completely new system created from
scratch. It is more modern and easier to use. It
does more with fewer options.
5.04 08/18/05
Calculator colors are
UGLY on super high color video cards.
Still has transaction code for rule of 78ths
visible. Remove it. It is confusing and LoanMaster
does NOT handle rule of 78ths loans.
Reassignment of loan to a different customer, (
Change the loan's Customer Number) does not work
correctly. fix it.
5.03
05/03/05
Add "Guaranteed By" to
Misc Tab 2.
The "Find" grid is getting lost requiring a restart
of the program to be able to find loans.
5.02 03/10/05
More
work on late charges on statements. Current rules.
Show all manually posted late charges and reversals
- UNLESS a late charge payment was reversed with the
automatic reversal function. Set user option for
showing the system late charge assessments. ( Tran
codes 51 and 54 ). This option defaults to Yes -
show the assessments. The option name is SHOW_TC51.
5.01
01/01/05
First
version of 2005. No change from 4.16
4.16
12/23/04
No
one wants deferred gain transactions to be displayed
to borrowers. Be sure they are not.
FINAL
VERSION FOR 2004.
4.15 12/01/04
Some late charge assessments are not showing on
the loan statements. Be sure they all appear for
those who want them. Add a user option SHOW_TC51
to allow the user to show or hide system assessed
late charges on the borrower's transaction
statement.
4.14
10/11/04
Insure
all printed statements honor the "ending
date" specified when the report was ordered.
Fix problems with D/M/Y date format. Some
invisible enhancements to the "Find" grid.
4.13 09/20/04
Expand state field to allow three character state
codes for Australia.
Add Function to export data file for Metro-2 credit
reporting. ( This will require manual installation
of a query file. It can not be added to the update
program because it is user customizable and the
update program would overwrite the user's
customizations. ( It will be included in all
new demo downloads.)
4.12 08//09/04
Expand portfolio code to 12 characters.
Reformat payoff report to fit on one page.
4.11 06/15/04
Do not attempt his upgrade without reading the
instructions.
LoanMaster
Upgrade Instructions
Upgrade installation program to Windows XP
InstallShield.
Upgrade Microsoft Database to version 8.0. This
is a significant change and will require updating
each individual workstation.
Admin.exe no longer needed. It is now built in.
Misc Improvements to the new "Print"
tab.
Add two new alpha fields to the "Loan"
tab.
Increase precision of the interest accrued field
from 4 decimal places to six decimal places. Reduces
accumulated rounding errors in accrued interest over
long periods of time.
4.07 - 4.10 Not released
4.06 03/21/04
Add form NTform01.doc actual loan document. ( The
note. ). It can currently only be printed from the
calculator.
Smarten up the saving of loans from the
calculator. Do not allow a loan document to print
before it has been saved. It is not possible to save
a loan with no customer record so the name and
address information will be available for the actual
loan contract form.
Add accrued origination fees to the daily
balancing report.
Fix the payment spinner on the posting screen.
Payment amount increments and decrements by one
payment amount for each click.
Finalize rent payment type (31) and payment
allocation codes (31) and add a new receipt form for
rent payments.
Am Schedule allows long first payment date and
carries interest forward until it is all paid before
applying payment amounts to principal
Print single notices for individual loans.
Add new "Print Tab" to "View Edit
Post" dialog.
This tab allows printing any system defined MS Word
document for the currently selected loan.
Initial Documents include 7 past due notice forms
and one will be due notice form.
4.05 Not released
4.04
03/05/04
Add
Data Edits report listing all manual changes by user
id.
Expand
functionality of the "Print Statement"
button on the loan dialog to allow access to all
statement options. Normal statement. Statement with
daily totals, delinquent payment analysis, start and
end date.
4.03
02/27/04 ( Not Released - These changes carry over
to 4.04 )
Allow
recalculation of interest due year-to-date for
current and prior year. This is for the users who
post January interest payments before printing their
1098s. After recalculating, the 1098s can be printed
from either current year data, or from prior
year data. This is useful only to users who post
payments in January before closing out the previous
year.
Increase font size on the Browse Data Edits
screen.
Allow Loan Delinquent Analysis report to access
Windows printer dialog to select desired
printer.
4.02
02/07/04
Loan Delinquent Payment Analysis Report does not
show Windos printer dialog. User cannot select
printer. - Fixed
4.01
02/01/04
First
2004 version. same as 3.10. new password and new
manual.
3.10
12/11/03
Enhancements to billing notice documents ( MS Word )
to allow saving a copy of each word document in the
DATA directory.
3.09
10/23/03
Reinstate
the "Daily Accruals" report. (Details and
Summary)
Modify the the loan payment coupon printed at the
bottom of the loan payment receipt. Add the loan
escrow payment amount to the amount due on the next
payment date. Applies only to loan payment receipt
style 2.
Make Windows Printer Dialog available from the
"Print Billing Notices" Dialog.
3.08
10//21/03
Fix problem: Some
users were unable to print billing notices.
3.06
09/13/03
Enhance
Loan Collateral Subsystem.
Increase collateral text field to 30 characters.
Add new item to reports menu to print status reports
for multiple loans.
3.05
08/12/03
Add
System Administrator user and menu. This will
provide additional data management unctions to users
who are judged to know how to use them.
Clean up and "friendly up" the
"User" screen. Remove some confusing
fields and prompts.
Add the first version of the optional collateral
tracking subystem.
Add the first version of the function to import
loans from Microsoft Access. ( Allows importation of
loans from other systems. )
Some
employees are allowed to post but not edit. They
occasionally need to add
a
comment to the customer history memo.
Allow
adding a comment to the history memo in the cicust
table.
This is accessed from the post regular payment
screen.
It CAN be used without posting the payment by first
adding the comment then cancelling the posting
screen.
3.04 07/11/03
Allow printing 1098's for the
prior year ( After year end close ). This uses data
saved during the year end close and will not include
payments backdated to the prior year.
Revise amortization schedule header to display date of
note, date first payment, loan amount, loan date,
first payment amount, regular payment amount. Add
Notice if loan has a balloon. Allow amortization
without a loan number.
3.03 06/24/03
Completely new billing
system. The notices are now Microsoft word documents.
You can edit them with MS Word and make them say
whatever you like and format them anyway you please.
If you can do it with MS word, you can do it on your
billing notices. ( The old notices are still there but
will be going away next year unless YOU ask for them
to remain. )
Date next payment not advanced correctly when Payment
Type = 4. Fixed
3.02 04/12/03
Post payment screen allows
printing a receipt before posting the payment.
Modified. receipt can be printed only after posting.
Expand FYE processing message.
Amortization schedule does not handle final payment
correctly when the payments have been rounded up.
Fixed
3.01 First
2003 Release:
Edit
transactions and keep the loan balance and transaction
file in balance.
Fix the error "Cannot Access
the Selected Table" on the loan session window
LS309
Allow manual identification of
"Cash" vs "Non-Cash" payments.
Remove Daily Accruals Detail
Reports.
Enable MS Excel interface
Enable MS Access interface
Enable ODBC interface
2.18 Printed statements -
"Print Daily Totals" check box was being
ignored. Fixed.
2.17
Misc. Fixes:
Zero payment amount causes weekly past due invoice
report to "hang"
Zero payment amount causes Status tab to
"hang".
Transaction File Audit can report false errors for
deleted transactions if pack and reindex was not run.
Enhance Weekly Past Due
Invoice to state:
This loan is past final maturity.
All amounts are now due in full.
Other amounts not included in the
above total may be due!
Please contact us to arrange for a
final payoff.
2.16
Enhance Weekly Past Due Invoice report to include next
payment due.
2.15
Revise and expand report Interest and Principal Paid
by Date Range
2.14
Revise Payoff Screen to Default to date last update.
2.13
Revise Interest and Principal Paid by Date Range
report.
Reference to address number in customer records is
confusing. Remove it.
Add check of loan number before saving new loan.
Implement semi monthly payments. Two options are
available. Payments on the first and fifteenth or
payments on the fifteenth and thirtieth. Option is
selected via a combo-box by the payments per year
field.
2.12
Allow updating key codes from Admin.exe
Add new trial balance report. Duplicate of LoanMaster
II trial balance report.
When coupons are ON and an attempt is made to enter a
new loan using a loan number that has been deleted but
not purged. The Screen hangs and will not close. -
Fixed
User "Rights" field is no longer used.
Remove it from the options setup screen.
Revise loan statement with daily totals.
Revise all statement programs to correctly display
four digit transaction codes.
2.11
Payment amount < 0 causes the terms tab to
"freeze"
Revise Past Due invoice forms (both) to better handle
multiple page payment listings. Tested up to three
pages.
Loan statements "From date of last
statement" do not work correctly. Revise the
'normal' statement program. Allow the operator to
specify both a starting and an ending date for the
statement or range of statements. Also revise the
statement form to allow for hole punching at top and
side. Statement with daily totals paid and payment
analysis statement are available only from "date
of loan".
Add "Statement"
button to "View / Edit / Post" to allow
printing a statement for the currently selected loan
without using the reports menu.
2.10
Not released
2.09
Some users are unable to print the invoice style
billing notices. Repaired
2.08
Revise these reports to allow for hole punching and
optional preview and Windows printer dialog.
Trial Balance
Account ageing
Status Report
Interest and Principal Paid by Date
Range
Add new fields to Status
Report. User1, User2, Send 1098.
2.07 ( Not Released )
2.06
Add Escrow payment amount to total amount due on loan
payment coupons.
Coupon allows one day too much "grace
period" before adding late charge - corrected.
Add feature to change a loan's customer number safely.
Revise statement program to reduce the number of blank
pages ejected.
Revise login screen to allow three attempts.
2.05
Add "Send 1098" field to each loan to
control printing of 1098 forms on a loan-by-loan
basis.
Add option to print 1098 forms for a single portfolio.
Add new fields to and revise formatting of "Year
End Loan Status' report.
2.04
Revisions to 'Daily Totals' Option on Loan Statement
Add new statement report option "Balance Variance
Report". Reports over the life of the loan the
variance between what the balance was and what the
balance should have been.
2.03 Revise Daily Deferred
Gain report.
Allow user editing of new User Options table.
2.02 Revise
year end status statement.
1.00.92 is the is the final
free upgrade. Future upgrades will be available only
to users who purchase annual updates.
1.00.92
Add option to include late charges in finance charges
for 1098s
Fix problem with posting tran code 12 to loan with
deferred gain.
Daily deferred gain report did not reverse out the
gain on manually posted principal payment reversals.
1.00.91
Implement new user options system to allow unlimited
user options.
1.00.90
Add error log and screen for viewing errors.
1.00.89
Additional improvements to weekly invoices
1.00.88
Add new report of interest and principal paid during
any date range.
Repair problem with gain by portfolio total on daily
deferred gain report.
1.00.87
Weekly Past Due Invoices modified to compute the
invoice from the amount due fields. It looks only at
interest, principal, late charge and escrow due It
does not look at the date fields at all. It is
believed to produce a correct invoice even if the
borrower has made partial, irregular payments and if
the dates have not been properly maintained. If
a partial payment is due, it bills for the partial
payment amount plus any full payment amounts.
1.00.86
When adding a new loan several weeks after the date of
the note, a late charge was assessed before it was
due.
1.00.85
Add new user option. Ignore partial payments less than
x% of normal payment amount when calculating partial
payment amounts due.
1.00.84
Add new report. Weekly Past Due Invoices. All loans
past due enough to appear on the Past Due Report will
receive a payment invoice calculated "as-of
" the date last updated. The first payment listed
on this invoice is will show a partial payment amount
if a partial payment is due.
1.00.83
Fix problem with occasional small partial payments
producing incorrect payment receipt.
1.00.82
Additional LC tran codes
Color code number of times past due 10,30,60,90,120
Calculate partial payment amount due and add it to the
status tab.
Calculate "Days Past Due", Color Code it,
and add it to the Status Tab
1.00.81
Add phone numbers to Customer Tab
Add new 'Quick' customer setup dialog.
Access 'Quick' Customer setup dialog from
View/Edit/Post dialog
Add 'Past Due 120 Days' to the History Tab.
1.00.80
Loan Status Report expanded to two pages and 144
Fields.
1.00.79
Amortization schedule can't display four digit year.
Fixed.
Statement program does not
work correctly when "Date of Last Statement"
option is selected. Fixed.
Date of last Statement is on
the Status screen. Last Statement Balance is not
available at all. Place both on the Loan Screen.
System Messages screen
sometimes finds the wrong message. Fixed.
Remove the field
"Previous Maturity Date" from the Existing
Loan Setup screen. System calculates it. It is still
available on the Edit Screen for viewing or editing.
New loan statement option to
display daily totals paid for reviewing loans with
partial, skipped, extra, or irregular payments.
1.00.78
Add escrow payment amount to payment coupon.
1.00.77
New loan statement option to display daily totals paid
for reviewing loans with partial, skipped, extra, or
irregular payments.
New Past Due Calls report. no
pmts paid and no pmts matured were reversed.
New tab on View/Edit/Post -
View Edit Customer Memo Field
1.00.76
Introduce new method of specifying user options to
allow virtually unlimited user options. (None added
yet)
1.00.75
Users continue to have trouble with duplicate keys
when creating new loans after canceling a new loan
setup. - Each daily update will delete all loans with
either loan no or cust no empty and all transactions
with empty loan number.
Will B Due notice calculates
incorrect payment amount due if next payment date is
GE final maturity.
1.00.74
Payment on loans with very small payments and large
escrow payments advance the due date too far. e.g..
pmt amount = 10.00 principal only with escrow payment
= 100.00.
1.00.73
Introduce new past due report with significant
increase in detail. This is not a simple listing of
past due loans. It is used for "Working"
delinquent loans.
Set past due report to ignore
deleted loans.
Introduction of "new and
improved' Daily Balancing Report" More detail,
additional transactions and more totals.
1.00.71
Can't "Cancel" the printing of past due
invoices. This was a training issue. Press Escape.
Added message box.
Portfolio total LC paid is
not reset for each portfolio on cash transactions by
portfolio.
1.00.70
Can't post TranCode 18. Fixed.
Cant calculate number of
payments for interest only loans since the payment
amount is not determinable in advance. Don't calculate
for interest only loans.
1.00.69
Allow different addresses and Tax IDs for each
portfolio for 1098 forms.
LC Max and LC Min fields
cannot be edited after the initial setup. Fixed
In some cases LC max and LC
min are ignored. Fixed.
Add principal due on Account
Ageing.
Add total int + print + lc to
past due report.
1.00.68
System Status screen "Flashes" when it comes
up. Fixed.
1.00.67
Fix problem with principal due calculation on pre due
notices
1.00.65
Create Existing Loan screens set initial transaction
date in the tran file to "Date Note" change
it to date of setup.
Allow changing payment
allocation code from the payment posting screen.
Allow user defined sort order
on payment allocation codes.
1.00.64
Clean up the P options notices. they had some
extraneous prompts.
1.00.63
When payment amount expected is zero or very small and
the payment amount paid is large, (Amount paid >
999 times payment amount expected) the system cannot
store the number of payments paid. Fixed.
1.00.62
Past due report runs "off the page" on some
printers. "Skinny it up" by inch.
1.00.61
Add deferred gain calculations to "Installment
Sale Setup Screen"
1.00.60
Add Escrow due to past due notices.
1.00.59
Tab order on Posting Screen "Jumps Around"
Make it tab down the list from top to bottom.
Can't enter an "Existing
loan" with no payments matured
1.00.57
New loan all options will not save if the mail code is
changed during the setup.
Existing loans cannot have 0
payments paid or rates > 100.00%. Allow both.
