Planet Home Lending

kpf97

This is going to be a strange question. I was adding my mortgage to Quicken which is currently operated by Planet Home Lending. Initially Planet Home Lending appeared in the search to add a new account. I was able to add my login information and even was prompted for my additional authentication. Then after approx. five minutes I received a message stating my account had been locked and I needed to log into the website before trying again. I verified my login info by logging into the Planet Home website and had no issues. I figured I would restart my PC and try and add the account again. After the restart, Planet Home no longer appears in the list of banks under the add account search. What could have made the bank disappear from the list?

Boatnmaniac

That is odd.  Planet Home Lending does not support Quicken as it does not appear in the FIDIR list. 

There is a Plaza Home Mortgage that supports Quicken.  Do you think that maybe you had accidentally tried to set up your loan with that company?  That would have possibly produced that account lock out message

UKR

Just my 2cents' worth ... I would not bother attempting to activate any loan or mortgage account for downloading.  (Not discussing LOC or HELOC accounts here which should be treated like credit card accounts)

At least in Quicken for Windows, an online-connected loan or mortgage account does NOT have a transaction register. All data shown in the account come from whatever information the bank downloads to you ... if this process works at all.

As a result of being connected, the scheduled payment transaction reminder cannot transfer the amount of principal paid into the (non existent) account register and must use a category, usually something like Loan:Principal, instead. The category seems to vary with the Loan Type you selected when creating the loan account in Quicken.

Effective with Quicken Windows 2018+
you can deactivate an online-connected loan account and regain full control over your transaction register.  However, you should still review the Scheduled Reminder (or Memorized Payee List entry) associated with the monthly loan payments to ensure they now transfer Principal to the loan account register and not to a Category.

If you're a Q Mac user, you should be able to do something similar about setting up and maintaining an offline mortgage account together with a correctly calculated Scheduled Transaction Reminder for the monthly payments.