Recording Paydowns

Guide Steps

Navigate to the Paydowns section of Fund Control

1

Click the New button and then select either Request or Record depending on if you are requesting a borrower paydown or are ready to record one

2

Enter in the System Number of the project, if not known at the time you can leave blank and fill out in the next screen

3

Here is where you enter in the information for the Paydown

  1. Can select or change the loan name this paydown is for
  2. Type in the Bank Ref. No. and Check Ref. No (these can simply have N/A in them if not used)
  3. Enter in the sub/lot, any line item, and the Value of the paydown
  4. Once down click the Accept button

4