Delinquent Loan Lockout
Overview
This application creates a Lockout Flag on past due loan accounts and removes the Lockout Flag when the account becomes current again.
Benefits
This application can improve your efficiency of processing loans by automating the process of locking out accounts that the institution considers delinquent. This application will place an institution-specified, account-level lockout flag on loan accounts that are past due. Once an account is paid current, this application will remove the lockout flag. The application will also report loan accounts that are delinquent.
App Information
- Version
- 1.0.0.1 - Published August 2020
Support
Request SupportSpecs
DNAapp Type: Process Application
Developed with DNAcreator™
Technical Name: PS_LOANDELQ_LOCKOUT
DNAX File Name: PS_LOANDELQ_LOCKOUT.dnax
Related Apps
See More-
This application can improve efficiency by automating a series of actions that would otherwise be manual.
-
This application improves member/customer satisfaction by providing loan level and member/customer validation information to be provided to a vendor for online/phone loan payment services.
-
Financial Institution will use this application to capture penalty waiver reasons when the teller waives penalty for Share Certificate and IRA Certificate accounts through Transaction express screen by performing Withdrawal or Close Out Withdrawal transaction.
-
HELOC Product Update Utility automates loan product changes for Home Equity Lines of Credits at the end of the draw period.