1. Loan Servicing User Guide
  2. Escrow Transactions
  3. Escrow Disbursement Entry Tab
  4. Validating and Posting Batches

9.4.4 Validating and Posting Batches

To validate and post an escrow disbursement batch
  1. On the Oracle Financial Services Lending and Leasing Application home page, click the Servicing > Servicing > Escrow Transactions > Escrow Disbursement Entry tab.
  2. In the Disbursement Group section on the Escrow Disbursement Entry page, 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 9-13 Disbursement Group

    Field Do this
    Company Select the portfolio company.
    Branch View the portfolio branch.
    Date Enter batch date. Oracle Financial Services Lending and Leasing uses this date and the number of pre process days (if in use) to determine when to disburse the payment.
    Batch # View the system generated batch number with a format of DSB-YYYYDDD- SEQNUM.
    Total # Enter total number of disbursements in the batch.
    Total Amt Enter total amount of disbursements in the batch.
    Batch Status View batch status.
    Total # View total number of actual disbursements in the batch.
    Total Amt View total amount of actual advances in the batch.
  3. Perform any of the Basic Actions mentioned in Navigation chapter.
    The Details section records itemized information of the escrow disbursement batch. It enables you to make one payment for one account, or more than one payment to more than one account.
  4. In the Details section, perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 9-14 Details

    Field Do this
    Account # Specify the account number.
    Title View the title.
    Txn Dt Specify the disbursement date.
    Amount Specify the disbursement amount.
    Status View the status.
    Include Select to indicate this is an active record.
  5. In the Details section, perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 9-15 Details

    Field Do this
    Escrow Type Select the escrow type.
    Sub Type View the escrow sub type.
    Vendor View the vendor.
    Reason Select the reason for the disbursement.
    Pmt Mode Specify the payment mode for the disbursement.
    Reference Specify the reference for the disbursement.
    Comment Specify any comments regarding the disbursement.
  6. Perform any of the Basic Actions mentioned in Navigation chapter.

    The system updates the display only Total # and Total Amt fields in the Disbursement Group section to record the contents of the Details section.

    When you want to post escrow disbursement batch on Escrow Disbursement Entry page, ensure that the contents of the display only Total # and Total Amt fields match with the contents of the required Total # and Total Amt fields in the Disbursement Group section.

  7. In the Action section, click Validate Batch.
    The system changes the escrow disbursement batch status from OPEN to PROCESSING and submits the batch to the job service. After the batch has been processed, Oracle Financial Services Lending and Leasing changes the its status to POSTED or ERRORED.

    If an escrow disbursement batch has a status of ERRORED, the accounts in the Details section with the status of ERROR must be excluded from the Disbursement Group before the batch can be posted.

  8. Clear the include box of any accounts in the Details section with a status of ERROR, then click Validate Batch again.
    When an escrow disbursement batch has a status of PROCESSED, the Post Batch button in the Action section is available.
  9. In the Action section, click Post Batch.
    The system changes the status for the accounts in the Details section included in the escrow disbursement batch to POSTED and creates an entry on the Disbursement Maintenance page.
The system also creates an entry for the escrow disbursement on the AP Requisitions page.

Parent topic: Escrow Disbursement Entry Tab