Define Mortgage Groups Screen

Mortgage Grouping is a tool to help affiliates track the status of mortgages that are a named subset of their mortgages. These can be mortgages used as collateral for loans in such programs as the Accelerated Asset Recovery (AAR) program; mortgages that have received special grants; mortgages for a Planned Unit Development; and so forth. You can use this grouping function in any case where it is helpful to have special reporting for just those mortgages included in a named group.

The first step in using Mortgage Grouping is to define the mortgage groups. Open the Finances in the Keystone ribbon and click Groups to access the Define Mortgage Groups screen.

Enter the name of a Mortgage Group on the left and, if it has multiple occurrences for different years, enter the origination date of each occurrence on the right. If a Mortgage Group becomes inactive, uncheck the Active field. When this screen is opened, it will only show the active mortgage groups. If you want to see all groups, check the Show All check box in the lower right-hand corner.

Mortgage Groups pane

Use for entering one or more mortgage group names. These can then be assigned to homeowners on the Define Mortgages Within Group screen.

Field Name	Type	Description
Group Name	Entry	The name for the mortgage group. The name should be descriptive, yet short enough to fit in the field provided.

Origination Dates for pane

Enter origination dates if the same mortgage group is needed for different years. The Group Name and the Origination Date then form a unique pair that identifies the group. For example, the AAR - Crest Hill Homes group with an Origination Date of 1/1/2004 is different from the AAR - Crest Hill Homes group with an Origination Date of 1/1/2005.

Field Name	Type	Description
Origination Date	Entry	If the mortgage group has multiple occurrences for different years, enter the origination date of each occurrence on the right.
Active	Check box	If a mortgage group becomes inactive, uncheck the Active field. When you open the Define Mortgage Groups screen, it will only show the active mortgage groups. If you want to see all groups, check the Show All check box in the lower right-hand corner.
Notes	Memo Entry	Notes about the mortgage group.

Other fields

Field Name	Type	Description
Show All	Check box	When the Define Mortgage Groups screen is opened, it will only show the active mortgage groups. If you want to see all groups, check the Show All check box in the lower right-hand corner.