Refinancing Loans 

Purpose

Refinancing loans are long-term, large-scale loans that are similar to bonds. They are usually granted to financial institutions and incorporate price gains or losses.

You use this product type to process borrower's note loans that are "not traded".

Process Flow

You enter refinancing loans in contract status. All the relevant functions for creating contracts, defining conditions and processing contracts are supported.

You can use the same accounting and position management functions as for mortgage loans. In particular, there is a function to write back accruals and deferrals automatically and functions to calculate and post price gains and losses.