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Forum Member
 
Group: Forum Members
Last Login: 12/5/2008 11:34:06 AM
Posts: 36, Visits: 255 |
| | We've noticed that the PMI is off by different amounts, but on a $100,000.00 loan it's about $0.40 per month. The difference is between what you calculate on the GFE in Point, and what's actually printed (you can also see the difference in the print preview). On this loan, the PMI is $80.00/month on the screen, but $79.60 on the printout. I tired creating a blank file but couldn't replicate the error. I had to go into one that already had data populated in order to get this, so it may be related to something in another field. I have a sample file I can send if it's needed. |
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Supreme Being
Group: Moderators
Last Login: 12/21/2008 11:16:31 PM
Posts: 837, Visits: 1,901 |
| What version of Point do you have?
Bryan
Point Product Manager |
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Forum Member
Group: Forum Members
Last Login: 12/5/2008 11:34:06 AM
Posts: 36, Visits: 255 |
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Supreme Being
Group: Moderators
Last Login: 12/21/2008 11:16:31 PM
Posts: 837, Visits: 1,901 |
| Sorry, I don't have anything new to report. All I know is it's very odd and should not be doing what it is. I will keep you posted.
Bryan
Point Product Manager |
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Forum Member
Group: Forum Members
Last Login: 12/5/2008 11:34:06 AM
Posts: 36, Visits: 255 |
| | Okay, I just had one more thing to add. The person that does our documentation has been running our TILs through ARTA and found that in some cases the problem with the PMI causes the APR to be out of tolerance. This was an issue the auditors brought to our attention during our last audit (when we were having similar problems with v5.3). So if anyone has a loan with PMI you might try and get some way to verify the APR before giving it to the customer. If nothing else the OCC has a program called APRWIN that's a free download. http://www.occ.treas.gov/aprwin.htm |
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Supreme Being
Group: Forum Members
Last Login: 12/16/2008 1:31:52 PM
Posts: 124, Visits: 970 |
| | I just had a report of this as well in v5.4 any updates on this? nevermind, it was a user error
"MMM Yeah, I'm going to need you to go ahead and come in on Saturday." |
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Forum Member
Group: Forum Members
Last Login: 12/5/2008 11:34:06 AM
Posts: 36, Visits: 255 |
| | Just letting you know that we upgraded to Point 6.0 and still have the same problem. |
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Forum Member
Group: Forum Members
Last Login: 12/5/2008 11:34:06 AM
Posts: 36, Visits: 255 |
| | Has anyone looked into this? We've installed the 6.0a update but it didn't seem to fix the problem. |
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Supreme Being
Group: Forum Members
Last Login: 12/16/2008 1:31:52 PM
Posts: 124, Visits: 970 |
| | bump... running 6.0b in a PDS enviornment. A specific example of the problem would be: Loan App pg 2 and GFE line 1002 have the Lock boxes checked and an amount of 47.53 entered. When you print the loan app or the gfe, the amount changes to 47.32. Is there any fix to this?
"MMM Yeah, I'm going to need you to go ahead and come in on Saturday." |
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Forum Member
Group: Forum Members
Last Login: 12/5/2008 11:34:06 AM
Posts: 36, Visits: 255 |
| | For those that have been keeping up with this: I got back in touch with Calyx yesterday and they informed me that Point v6.1 is due out in May and will have this problem fixed. |
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