April 2024 (4.5000) Release

  • Updated

April 2024 (4.5000) Release

Enhancements

The following table lists the enhancements made in the documentation of the Q2 Loan Servicing User Guide for Simple Loans Guide in the April 2024 release:

Serial NumberFeatureLink to the sectionDescription
1Broker CommissionCalculating Broker Commission

Modifications made to the feature in April 2024 are as follows:

  • Calculation of trail broker commission, depending on if the payoff.

  • Update of the Next Commission Date upon a rescheduling.

  • The OLT reversal functionality is updated.

2Automated Consolidated PaymentsEnable Loan FeaturesAutomatic Consolidated Payment option is added to enable this new feature in Q2 Loan Servicing application.

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