Calyx Point 7 Bedienungsanleitung Seite 19

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Note: The aggregate adjustment is simply a direct adjustment to the starting balance of the
impound account. Notice that when a figure is defaulted into this field, the Impound Account
Cushion and Impound Account Low Balance figures below match. The same result can occur by
manipulating the number of months to impound for any one or all of the impound items indicated
above. Although the use of the aggregate adjustment is convenient, it is NOT required. As long
as the Impound Account Low Balance is greater than zero and less than the Impound Account
Cushion, the impound account is fine. DocMagic's Goof-Proof Audit System will ensure proper
compliance at all times.
The impound account low balance cannot be greater than the impound account cushion. If the
low balance is greater than the cushion, there are two possibilities:
1. Decrease the number of months to collect at closing for any of the impound account types.
2. Allow DocMagic to apply an aggregate credit adjustment; the result will instantly bring the
low balance within limits.
Aggregate Impound Cushion
The impound account cushion amount is located in the lower portion of the of the impound
screen. This figure is computed by adding all monthly impound inflow amounts and multiplying
by "2" months (cushion amounts can also be computed using "1" of "0" months).
4.1.9. HUD-1
DocMagic Interface GuideDocMagic Interface Guide - CALYX Point to DocMagic Online Page 17
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