Delinquent Loan Payment Tracking

The Delinquent Loan Payment Tracking report identifies loan payments that are made on non-business days towards delinquent loans and that are posted on the next business day.
0
In stock
SKU
RESOFTAPP0073
Developed By: Greylock Technology Group
Version: 1.0.0.2 - Published November 2015

The Delinquent Loan Payment Tracking report identifies loan payments that are made on non-business days towards delinquent loans and that are posted on the next business day. 

For example, Saturday, September 29th 2012 was one day after the last business day of Friday September 28th, 2012. The report shows payments made on Saturday that posted on Monday October 1st, 2012 so that the full delinquency picture can be assessed through the end of the month.

Benefits

This report allows a financial institution to assess the full delinquency picture through the end of the month and accurately adjust Delinquency Ratios after loan payments made on a non-business day in a previous month are posted the next business month.  The report shows the number of days delinquent both before and after the payment so that delinquency ratio categories (e.g., 30 days, 60 days, 90 days) for the month just ending can be adjusted for reporting purposes.

DNAApp Type: Report

Developed with DNAcreator™

DNAX File Name: SAT_DLNQ_LOAN_PMNTS_RPT.dnax 

No additional requirements. 

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