Loan Charge Off Automation
Overview
The Loan Charge Off Automation application automates the loan charge off process by processing the charge off on eligible accounts.
Benefits
The Loan Charge Off Automation, application automates the loan charge off process for financial institutions by processing the charge off transaction on eligible accounts. Prior to charge off the application locates right of offset funds, waives non capitalized late charges, and rebates collateral protection financed insurance. After the charge off is completed the application changes the account status, assigns account lockout flags and person and organization warning flags and sets the account mail type to hold all mail.
App Information
- Version
- 1.0.0.7 - Published January 2024
Support
Request SupportSpecs
DNAapp Type: Batch Applicatpion
Developed with DNAcreator™
DNAX File Name: PS_LOAN_CO.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.