NetLoan - Create New Custom Payment Types
Create New Custom Payment Types
NetLoan can create custom payment types beyond those that come out of the box. To add a custom payment type, navigate to NetLoan > NetLoan Setup > Manage Payment Types:
Here, you will see the listing of payment types that come as part of the NetLoan bundle. To create a new payment type, click "New NetLoan Payment Type":
Reference the articles linked in the below table to fill in the desired sections to unlock the features you need your new payment type to utilize:
Note that the only required section is the Primary Information section. The remainder are optional but may be necessary to accommodate the desired functionality.
Payment Type Selections
| Sections | Description | Setup Articles |
| Parent Type Options | List of the various parent types that can be selected and descriptions of how each parent type behaves | Parent Type Options Setup |
| Primary Information | Designate general payment settings and defaults used by most payment types | Primary Information Setup |
| Amortization Information | Used to set amortization method settings and account defaults (only used by specific payment types) | Amortization Information Setup |
| Auto-Generation | Criteria used to generate payments automatically | Auto-Generation Setup |
| Billing Information | Billing options that determine the item shown on invoices for these payments (only used by specific payment types) | Billing Information Setup |
| Schedule Line Tagging | Selection of custom schedule line fields that break out these payments from other payments on the schedule | Schedule Line Tagging Setup |
Once you complete the form, click "Save".
You can now use the new Payment Type when adding payments to loans directly on the loan record, in the modification page, or via an upload/API.