When credit is run in Zenly and a report comes back with the Credit Account Type reading as a Mortgage and the Liability Type is marked as a Mortgage Loan the liability will automatically list in the Unmatched Mortgage Liabilities table instead of the Liabilities table with all other types. This is also where any manually entered unmatched Mortgage Liabilities are to be added. This table is located directly below the Real Estate table, making for more convenient matching of Mortgage Liabilities to the correlating REO's.
If importing a file that already has liabilities and REO's in the file, the Unmatched and Matched Imported Mortgage Liabilites will automatically sort into the associated tables as appropriate.
To match a Mortgage Liability to Real Estate Owned:
1. From within the loan file select Application.
2. Click Borrower from your left menu bar.
3. Scroll down to the Real Estate and Unmatched Mortgage Liabilities sections.
Note: You can find this section just past the Liabilities and Alimony, Child Support, and Other Expenses tables.
4. Click the appropriate Real Estate item listed in the table to view and edit the data entered.
5. Click the Save & Close button when finished.
6. Click the appropriate liability in the Unmatched Mortgage Liabilities table to open and view the data entered.
a. For information on editing liabilities, view knowledgebase article 8108 Editing Liabilities.
7. Click the Save & Close button when finished.
8. Click and hold the Unmatched Mortgage Liability that is to be matched to the current Real Estate item.
9. Drag the selected liability to the desired REO and release.
The Mortgage Liability and the Real Estate Owned are now matched.
10. Use the orange directional arrow to open and view the matched liability information.
a. Use the Trash Can icon next to the Matched Mortgage Liability to remove it from the REO.
11. You can drag and match as many Mortgage Liabilities as are applicable to each REO.
Note: You can also open the Real Estate item and view the Matched Mortgages on the same Edit Real Estate window as you would make changes to the REO.