The core of the pay plan recommendation rule is the Generate Payment Schedule plug-in. The base package provides two general methods for calculating a payment schedule: fixed amount and fixed duration.
One set of base-package algorithms assume that P&I controls are applicable to the pay plan’s covered obligations. These algorithms include penalty and interest charges in the calculated scheduled payments:
Schedule Fixed-Amount Payments With P&I Forecasting: C1-PP-FIXAMT
Schedule Fixed-Duration Payments With P&I Forecasting: C1-PP-FIXDUR
Schedule Fixed-Amount Payments Without P&I Forecasting: C1-NOPI-FAMT
Schedule Fixed-Duration Payments Without P&I Forecasting: C1-NOPI-FDUR
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