1. Loan Servicing User Guide
  2. Escrow Transactions
  3. Escrow Transaction

9.1 Escrow Transaction

The Escrow Analysis page enables you to analyze accounts involving escrow disbursement. Accounts are analyzed in batches, or analysis groups. The system generates a batch number for the analysis group and sets the batch status to OPEN. You can view and process the accounts included in the analysis group and exclude the erroneous account from an analysis group. Also, you can perform an escrows analysis for a period between two to twelve months. By default, the analysis horizon is selected as twelve months from the date of analysis.

To enter an escrow analysis batch
  1. On the Oracle Financial Services Lending and Leasing Application home page, click the Servicing > Servicing > Escrow Transactions > Escrow Analysis.

    Figure 9-1 Escrow Transactions


    Description of Figure 9-1 follows
    Description of "Figure 9-1 Escrow Transactions"

  2. In this section, you can perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 9-1 Escrow Analysis

    Field Do this
    Company Select the portfolio company.
    Branch View the portfolio branch.
    Date Specify the batch date.
    Analysis Type Select the analysis type. The analysis type (INITIAL ESCROW ANALYSIS DISCLOSURE, REGULAR, COMPLIANCE, and so on) is a list of user-defined values.
    Batch # View the system generated batch number with a format of ANA-YYYY-DDD-SEQNUM.
    Batch Status View the batch status.
    Processed Dt View the user analysis process date.
    Processed By View the user who processed the analysis.
  3. If you select Override Stop Analysis check box, system ignores the Stop Escrow Analysis flag on the account.
  4. Click Load Accounts.

    The accounts which match the company and branch in Analysis Group section, are loaded from the search page to the Accounts section Load accounts button also loads the accounts which have the escrow required flag as Y and Opt out Indicator as N.

  5. Click Edit.
  6. Specify the following information.

    Table 9-2 Escrow Analysis - Entry fields

    Field Do this
    Title View the account title.
    From Date

    Specify the from date (start analysis from MM/DD/YYYY).

    Note: From date has to be the first date of the month.

    To Date

    Specify the to date (end analysis at MM/DD/YYYY).

    Note: To date has to be the Last date of the Month.

    Comment View the comment.
    Status View the payment status.
  7. Select the Include check box if you want to include the account in the analysis. Clear the Include check box if you want to remove the account in the analysis.
  8. In the Action section, choose Process Accounts.

The system performs the analysis and changes the batch status to PROCESSING.

If the system successfully processes the batch, it changes the batch status to PROCESSED. The individual accounts will all have a status of NEW. The analysis group can now be viewed on the Escrow Analysis Maintenance page.

If the system is unable to process one or more individual accounts in the batch, it changes the batch status to ERRORED. One or more of the individual accounts will have status of ERROR in the Accounts section. The reason of the error appears in the Comment field.

This section consists of the following topic:

Parent topic: Escrow Transactions