1. Cash Flow Engine Reference Guide
  2. Cash Flow Dictionary
  3. Cash Flow Columns
  4. Original Payment Amount (ORG_PAYMENT_AMT)
  5. Data Verification Requirements and Suggested Defaults

8.2.98.3 Data Verification Requirements and Suggested Defaults

  1. If AMRT_TYPE_CD <> 600 ORG_PAYMENT_AMT = 0.
  2. If AMRT_TYPE_CD = Payment Pattern which references ORG Payment, ORG_PAYMENT_AMT should be a valid non-zero value.
  3. If adjustable-rate and AMRT_TYPE_CD = 600, ORG_PAYMENT should be a valid non-zero value.
    • ORG_PAYMENT may be validated using the following formula: ORG_PAYMENT = (ORG_BOOK_BAL* (CUR GROSS RATE/((12/PMT_ FREQ[in months]) *100))) / (1 - ((1+(CUR_GROSS_RATE /((12/ PMT_ FREQ [in months])*100))) ^-(ORG_TERM/PMT_FREQ [in months])))
    • If ORG_PAYMENT_AMT is unknown, default to CUR_PAYMENT.