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This DNAapp provides a recap of transactional activity for loan accounts that meet certain exception criteria. This batch application displays exceptions generated related to the Authorizations, Principal payment to Non revolving loans, Excess principal payment on Non revolving loans, unscheduled principal payment on delinquent loans and principal receipt on delinquent loans.
Along with the listing of category details this DNAapp also prints branch totals for each category. This report will be used by Financial Institutions for review and audit for exceptionactivity during a certain period.
Key Benefits
- To aid in review and audit for exception activity, this report displays a recap of transactional activity for loan accounts that meet exception criteria.
- Displays exceptions generated related to Authorizations, Principal Payment to Non-Revolving Loans, Note Balance Excess Payments to Non-Revolving Loans, Non-Scheduled Payment to Principal on a Delinquent Loan, and Principal Receipts on a Delinquent Loan
This DNAapp is designed to review different exception transactions which occurred during a specific period on Loan accounts. This job displays five different detailed sections of information. 1) Authorization Exceptions 2) Principal Payments to Non-Revolving Loans 3) Note Balance Excess Payments to Non-Revolving Loans 4) Non-Scheduled Payment to Principal on a Delinquent Loan 5) Principal Receipts on a Delinquent Loan 1. Authorization Exceptions: - This section of the report displays any transaction that required an authorization to process (supervisor override, loan supervisor override etc.). Exception messages that did not require an approval will not display. This section will give subtotals by exception and branch as well as a detail that displays the name of the approving person. 2. Principal Payments to Non-Revolving Loans: - This section of the report displays principal receipts made to loans with a non-revolving line of credit. 3. Note Balance Excess Payments to Non-Revolving Loans: - This section of the report displays scheduled payments to loans with a Non-revolving line of credit where funds went to excess principal. 4. Non-Scheduled Payment to Principal on a Delinquent Loan: - This section of the report displays loans that received the exception message 186-
5. Principal Receipts on a Delinquent Loan: - displays loans that had a principal receipt applied where the loans are delinquent. To determine if the loan is delinquent the report will compare the accounts due date with the transaction post date. If the due date is greater than the n
Totals are provided for each branch in each category. The totals section will display the authorizing person in the authorization section as well as a one-line detail of the transaction. This batch job prints summary data for each section on any major or minor changes.
Customer Reviews
1 Item(s)
- A very useful tool!Review by Heidi Young
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Rating Previously we had centralized many types of payments - non accruals, prinicpal payments to an account with an outstanding receivable and the like. This caused inconvenience to the customer and delays in processing payments as our branches needed to remote overrides to our Loan Servicing area or they were making the payments to unapplied, notifiying loan servicing and then loan servicing was applying the payments correctly.
With this report, we were able to allow our branches to apply these types of payments as are loan servicing area can easily monitor exception payments such as these to ensure in a timely manner that they have been applied correctly.(Posted on 5/11/13)
1 Item(s)
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This DNAapp is compatible with DNA 3.0 or higher. You will need to download and install the Configuration Toolkit which will configure DNA to load and manage DNAapps. This toolkit is included in the DNA release CD since DNA 3.3 and will be updated here whenever a more recent release is available.
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