Logo
Contact Us Calendar & New Hire Info Submit a request
Sign in
  1. NRPS
  2. Loan Origination Help Center
  3. General

Articles in this section

  • Loan Officer Checklist
  • New URLA - FNMA Fillable PDF
  • Welcome Aboard and some important materials/reminders/training opportunities for Sales Staff
  • DPA data entry for HFA Piggyback 2nd liens - Quick Guide
  • Short video training - Business contacts in FT360
  • Optimal Blue Pricing Engine for pricing scenarios outside of FT360
  • LMS - How to locate the WebMax Disclosure Demo training
  • DocuSign Tool
  • Quorum Federal Credit Union
  • MI Quote comparison Chart - Mortgage Insurance
See more

Check Early Payoff Penalty (EPO)

Avatar
Mindi Bartley
  • March 05, 2020 21:27
  • Updated
Follow

How do you check to find out if a loan that you closed with PRMG is subject to an Early Payoff Penalty (EPO)?  There's an easy way to determine this and it doesn't involve counting calendar days on your fingers (since you probably dont have that many fingers anyways)!

Did you know... EPO date is based off the first payment date to the Investor?

 

  • In PRMG Apps (OKTA), Navigate to the PRMG Connex Intranet Portal Appmceclip0.png
  • Click on the Reporting option

mceclip1.png

 

  • Scroll down to the Check Early Payoff Penalty option under the Reports for Everyone section, OR just use Control F on your keyboard and searchword "Early"

mceclip2.png

  • Enter the loan number or the borrower's social security number on the right hand side of the screeen (allow time for the loan to load)
  • In the "Select Your Loan" dropdown option, ensure you have the correct loan selected

mceclip5.png

  • Click the Apply tab at the bottom of the screen

mceclip4.png

  • A report will load explaining the date EPO applies if payoff is before a certain date

mceclip3.png

  • Facebook
  • Twitter
  • LinkedIn
Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request
Return to top

Related articles

  • Appraisal Desk Review Fees
  • Trust Review Procedures
  • Safe Act - Temporary Authority
  • HOA CONDO/PUD Best Practices and Information
  • Brokered Out Approved Lender List

Comments

0 comments

Article is closed for comments.

For your queries please contact us on below mentioned numbers:

Corporate Office Receptionist8am–6pmM-F951-278-0000
IT Department
IT/Tech Team
LOS Systems (Encompass/DV)
Web Portals
6am-6pmM-F 951-547-5712
Broker Concierge 7am–6pmM-F951-432-3700
Secondary & Lock Desk 6am–5pmM-F951-547-6110
Compliance8am–5pmM-F951-278-0000
Disclosure Desk7am–5pmM-F951-278-0000
Appraisal6am–6pmM-F951-278-0000
Marketing8am–5:30pmM-F951-278-0000
Broker Services7am–5pmM-F951-278-0000
Licensing7am–5pmM-F951-278-0000
Human Resources8am–5pmM-F951-278-0000
Training/Resource Center8am–5pmM-F951-278-0000
Reporting/BI8am–5pmM-F951-278-0000

NOTE:All Office Hours PST M-F

NRPS