Loan Investor Rate Update
This application enables financial institutions to adjust the rate on investor loans as per the rate change on the loan account.
Overview
This application evaluates the Change Rate with Loan setting default for the investor groups and updates this interest parameter on all fixed rate loans within the group that do not currently have Investor account level interest history parameters. This enables the core application IL_SRTCH to pick up any rate change on the loan account during its nightly scheduled batch update and adjust the rate on investor loans accordingly.
Benefits
This application enables financial institutions to adjust the rate on investor loans as per the rate change on the loan account.
App Information
- Version
- 1.0.0.0 - Published August 2020
Support
Request SupportSpecs
DNAapp Type: Batch Application
Developed with DNAcreator™
Techincal Name - PS_IL_FIXRATE_UPDATE
DNAX File Name: PS_IL_FIXRATE_UPDATE.dnax
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