Loan Extensions/Modifications (1)

Screen ID:  PLNRF-01 View full-size screen
Screen Title: Loan Extensions and Modifications: Account Lookup
Panel ID: 6985
Tool Number: 507
    View full-size screen

Access this screen by selecting Tool #507 Loan Extensions and Modifications.

Screen Overview

This screen is used to change the parameters of an existing loan, such as to:

  • Change the loan payment frequency.

  • Lower the loan payment amount.

  • Increase the loan payment amount.

  • Lower the interest rate on an existing loan.

IMPORTANT NOTE: This does not re-amortize the loan.

Enter the account number and suffix and press Enter to move to the second loan extension/modification screen.  Learn more about the feature on the topic for the next screen.

 

 

Related Resources

Visit Show Me the Steps for easy instructions on how to complete tasks related to modifying existing loans.