aim+ 445 release notes - stewart · 2014. 5. 29. · aim+ 4.4.5 release notes august 2011 3 closing...

AIM+®

Release Notes

August 19, 2011

Table of Contents AIM+ 4.4.5 Release Notes .............................................................................................................. 1

New in This Release .................................................................................................................. 1

Order Entry ..................................................................................................................................... 2

Adding Stewart Accounting or Fee Transfer Parties ................................................................. 2

Closing ............................................................................................................................................ 4

Entering Transaction Fees ........................................................................................................ 4

Splitting Title Insurance Premiums ............................................................................................ 6

Disbursements ............................................................................................................................... 7

Canceling Reconciled Fee Transfers ........................................................................................ 7

Escrow Accounting ........................................................................................................................ 8

Canceling Reconciled Fee Transfers ........................................................................................ 8

Chargeback Reconciled Receipts ............................................................................................. 8

Escrow Accounting Reports ...................................................................................................... 8

Revenue Reporter .......................................................................................................................... 9

Updating NTS Service Fee ........................................................................................................ 9

Setup ............................................................................................................................................. 10

Closing Setup .......................................................................................................................... 10

Defects .......................................................................................................................................... 11

Stewart Affiliates .......................................................................................................................... 12

WIMS ....................................................................................................................................... 12

Accessing WIMS ............................................................................................................... 12

Submitting Cancellation and Stop Payment Requests ..................................................... 12

Additional Information ................................................................................................................. 13

Accessing AIM+ ....................................................................................................................... 13

Training .................................................................................................................................... 13

Technical Support .................................................................................................................... 13

AIM+ 4.4.5 Release Notes August 2011 1

AIM+ 4.4.5 Release Notes AIM+ 4.4.5 includes additional functionality, enhancements, and defect corrections. This document provides a brief explanation of what was fixed and an introduction to new features and functionality implemented with this release.

Deployment Date: August 19, 2011

New in This Release An overview of new features and modifications to AIM+ 4.4.5 include:

• Party Code and Party Name for Stewart Accounting and Fee Transfer payees can no longer be changed on an order

• Enter Transaction Fees on HUD Line 704 of the 2010 HUD-1 Settlement Statement form • Edit the agent’s title insurance premium amount on HUD Line 1107 to show only the portion payable to the

issuing agent and enter the portion of the premium amount paid to an additional party on a blank HUD Line in the 1100 section

• Chargeback reconciled receipts that were deposited and reconciled • Cancel individual reconciled fee transfers from the Disbursement Worksheet and Escrow Accounting • Set default options for HUD Line 704 of the 2010 HUD-1 Settlement Statement form


Order Entry The following changes were made to Order Entry.

Adding Stewart Accounting or Fee Transfer Parties When you add a Stewart Accounting or Fee Transfer party from Party Setup, you can no longer change the party code or the party’s name. You are prevented from changing the Stewart Accounting or Fee Transfer party code or name so that the code and name are correctly reported for Consolidated Disbursements and Lawson.

Order Entry When you add a party that is a Stewart Accounting payee, Fee Transfer payee, or both from Party Setup, the Prefix, First Name, Middle Name, and Last Name fields are not editable for an individual party. If you add a business party that is a Stewart Accounting payee, Fee Transfer payee, or both from Party Setup, the Code and Business Name fields are not editable.


Closing In Closing, you can change the party’s name and information if the party is a Stewart Accounting payee and/or Fee Transfer payee. However, if you do change the party’s information, you can no longer create a Fee Transfer for the party. Once you change the party’s name, the party code for the Stewart Accounting payee and/or Fee Transfer payee no longer displays.

Disbursement Worksheet When a party is a Stewart Accounting payee, Fee Transfer payee, or both, the party’s name and address are not editable on the Disbursement Worksheet.


Closing The following changes were made to Closing.

Entering Transaction Fees On the 2010 HUD-1 and 2010 HUD-1A Settlement Statement forms, you can now enter Transaction Fees on HUD Line 704 as required for some Veterans Affairs (VA) property closings. Once you enter this fee on HUD Line 704, the fee can be deducted from the real estate agent’s commission, and the fee prints on the 2010 HUD-1 and 2010 HUD-1A Settlement Statement forms.

If default options are set up on HUD Line 704 in Closing Setup, that information defaults. Any of the default information can be changed for each file on HUD Line 704 in Closing.

If you are entering a transaction fee, open the HUD Line 704 detail screen and enter the following information:

• Type the amount of the fee in the Line Amount field • If the amount in the Buyer Amount or Seller Amount field is incorrect, type the correct amount • Select the real estate agent who should have this fee retained from their commission in the Deducted From list • Enter the Payee Code or Payee Name • If the HUD Line Description is blank or the default is incorrect, type the correct description for this charge • If the Closing Statement Description is blank or the default is incorrect, type the correct description for this

charge • When finished, press Enter to save and exit.


The Earnest Money and/or Transaction Fee amounts print on HUD Line 704 and are deducted from the Total Commission.


Splitting Title Insurance Premiums If your Company splits title insurance premiums with an additional party, such as an attorney or out-of-county agent, you can now edit the agent’s premium amount so that HUD Line 1107 shows only the portion of the title insurance premium that is payable to the issuing agent. The portion paid to the attorney or other title agent can be shown outside the column as part of the HUD Line Description on a blank line in the 1100 section.

Note: The applicable 3rd Party Payee for Title Premium option must be activated for your company to use this feature.

If you are splitting the title insurance premium with an additional party, open the HUD Lines 1103-1108 detail screen and enter the following information:

• The calculated amount for 1107 defaults to the Additional HUD Line Description field • Change the amount in the Additional HUD Line Description field to the actual amount payable to the issuing

agent You can now allocate the remaining amount on a separate HUD Line to additional payees using the following steps:

• Open HUD Line 1109 or any other blank HUD Line in section 1100 • Remove the payee from the Payee Name field, if one defaults • Remove the HUD Line amount, if one defaults • Enter the description, payee, and amount payable to this party in the HUD Line Description field • Manually split out this amount from HUD Line 1107 to the respective payees using the Split Transaction screen

on the Disbursement Worksheet


Disbursements The following changes were made to Disbursements.

Canceling Reconciled Fee Transfers If you are assigned permissions to cancel transactions from the Disbursement Worksheet, you can now cancel individual reconciled fee transfers. The paid date on the original transaction is not updated when the canceled transaction is posted.


Escrow Accounting The following enhancements and changes were made to Escrow Accounting.

Canceling Reconciled Fee Transfers When you cancel individual reconciled fee transfers from the Batch Posting – Cancels screen, the paid date on the original transaction is not updated when the canceled transaction is posted.

Chargeback Reconciled Receipts Using Batch Posting, you can now chargeback receipts that were deposited and reconciled. The paid date on the original transaction is not updated when the chargeback is posted.

Escrow Accounting Reports The Outstanding Fee Transfer Detail and Summary Reports is available with the 4.4.5 Release.


Revenue Reporter The following changes were made to Credit Distribution, Split Calculations, and Revenue Reporter.

Updating NTS Service Fee When you open the Credit Distribution, Split Calculations, or Revenue Reporter screens, the information from all three screens is refreshed. With the refreshed information being in sync on all three screens, the NTS Service Fee on the Split Calculation and Revenue Reporter screen as well as the Revenue Report are all consistent.


Setup The following changes were made to Setup.

Closing Setup On the 2010 HUD-1 Settlement Statement, you can now set default options for HUD Line 704. While default options may be set for the HUD Line, the information can be changed on HUD Line 704 in Closing for each file.


Defects The following defects were corrected in AIM+ 4.4.5.

Documents • You can now type text after a shipped element and that text remains when you add the shipped element into a

document placeholder. • When you add simultaneous boilerplates, the second one is now saved and no longer disappears.

Policies • A message was added to notify you when the remaining policy inventory is below the breakpoint. • A message was added to indicate that an authorization code is needed for liability amount over an agent’s limit.

Miscellaneous • Commission lines now show the breakdown of Earnest Money and Additional Amounts. • You no longer receive an error message when printing invoices. • After you select parties from the Credit Distribution screen, duplicate parties are no longer added. • Property verification previously did not render a street name when the street name is a number (i.e., 22nd). This

was corrected.


Stewart Affiliates This section provides a brief explanation of the additional functionality and enhancements implemented with this release for Stewart Affiliates only.

WIMS The following changes were made for the integration with WIMS.

Note: The applicable WIMS security permission will be assigned when your company or site begins using WIMS integration.

Accessing WIMS When submitting internal control requests to WIMS on a file, you no longer have to select a branch if you have access to one or more branches.

Submitting Cancellation and Stop Payment Requests Once you submit a cancellation or stop payment request for a transaction on the Disbursement Worksheet through WIMS, a validation now occurs where a cancellation or stop pay can not be placed twice on the same transaction.


Additional Information

Accessing AIM+ • If you access AIM+ through the Citrix environment, AIM+ is automatically updated to the latest version when you

log in. If you are new to Stewart Workplace or Title Workplace, contact Customer Care at 1.888.526.3282 for assistance.

• If you are using AIM+ in a Citrix environment, maximize the Citrix screen and the AIM+ screen for best viewing results.

Training Through the AIM+ Help Contents, you can access an online library of interactive tutorials and quick reference cards. Click on the Additional Learning Resources link when you want an interactive solution or a graphical representation for completing a specific action.

Technical Support For technical support, contact PropertyInfo Customer Care at 1.888.526.3282.