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pmacduff

loan modeling in Relius

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ok - for you long time Relius users:

Prior to version 18 (I think) when the loan specs and info were separate on the "Data Entry" flag, you could model a loan for a participant and generate an amortization schedule without having to set up a loan.  This was helpful for participants who were looking for the different repays for different time periods.

I understand that the loan setup info has been moved to the participant census screens. 

Is there still a way to "model" a loan and generate an amortization without setting the loan up?

Thanks in advance!

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I didn't open Tom's but back in the day when I did recordkeeping and processed loans, we also had a loan amortization worksheet. It came out pretty close to our recordkeeping system and we caveated to participants that these were estimates or models only.

I actually still use the same worksheet for personal reasons (mortgage, car loans, etc).

Since Tom posted his, I won't attach mine (it was created by actuaries at the large HR consulting firm I worked at)

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Agreed; we have a template like that and pull it up for loan modeling.  There are lots of online calculators too but I'd rather go directly to a spreadsheet that I have confidence in.

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Thanks all for your responses!  I did know I could get/create a spreadsheet to do this, but have found differences in the per payroll amounts between those and what Relius computes. 
Granted they are usually very small differences, but when you are preparing all the paperwork it is much easier if it matches up!

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