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A Note, or Promissory Note, is a legal document in which one party (the borrower) promises to pay a sum of money to another party (the lender) under specified terms. It includes details like the loan amount, interest rate, repayment schedule, and default consequences.
Extractable Data Fields
Below is a table listing the key data fields that Vaultedge can extract from a Promissory Note.
| Field Name | Include in Project | Field Type |
|---|---|---|
| Document Title | Yes | text |
| Loan Number | Yes | text |
| FHA Case Number | Yes | number |
| VA Case Number | Yes | number |
| Mers/Min Number | Yes | number |
| Opened Date | Yes | date |
| Property Street Address 1 | Yes | text |
| Property Street Address 2 | Yes | text |
| Property City | Yes | text |
| Property State | Yes | text |
| Property Zipcode | Yes | number |
| Lender Name | Yes | text |
| Original Principal Balance | Yes | amount |
| Current Interest Rate | Yes | text |
| Payment Period | Yes | text |
| Payment Day | Yes | text |
| First Due Date | Yes | date |
| Maturity Date | Yes | date |
| Current Principal and Interest payment | Yes | amount |
| First ARM Change Date | Yes | date |
| Subsequent Change Interval | Yes | text |
| Index Name | Yes | text |
| Look Back Days | Yes | text |
| First Margin | Yes | text |
| Rounding Code - Index | Yes | text |
| Rounding Factor - Index | Yes | text |
| Maximum Increase First | Yes | text |
| Maximum Decrease First | Yes | text |
| Increase Decrease Subsequent | No | text |
| Maximum Increase Subsequent | Yes | text |
| Maximum Decrease Subsequent | Yes | text |
| Floor Rate | Yes | text |
| Ceiling Rate | Yes | text |
| 1st Full Amort Rate Change Date (Interest Only ARMs) | Yes | text |
| Prepayment Penalty | Yes | text |
| Grace Days | Yes | number |
| Late Charge Factor | Yes | text |
| Late Charge Code Description | Yes | text |
| Late Charge Code | Yes | text |
| Late Charge Minimum | Yes | amount |
| Late Charge Maximum | Yes | amount |
| Int Only Flag | Yes | text |
| Borrower Name | Yes | text |
| Borrower First Name | Yes | text |
| Borrower Last Name | Yes | text |
| Co-Borrower Name | Yes | text |
| Co-Borrower First Name | Yes | text |
| Co-Borrower Last Name | Yes | text |
| Co-Borrower Name 2 | Yes | text |
| Co-Borrower 2 First Name | Yes | text |
| Co-Borrower 2 Last Name | Yes | text |
| Co-Borrower Name 3 | Yes | text |
| Loan Date | Yes | date |
| Date of Agreement | Yes | date |
| Credit Limit | Yes | amount |
| Effective Disbursement Date | Yes | date |
| Margin Added to Index | Yes | text |
| Annual Percentage Rate | Yes | text |
| Daily Periodic Rate | Yes | text |
