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Brinley

Brinley Bushman

Payment Match (definition)

Published June 14th, 2022 by Brinley Bushman

Payment Match (previously known as ‘Roll payment’) is a contract matching tool that tells the calculator to adjust a loan's values to match a specific payment amount. You tell the system what you want the payment amount to be, then it will adjust the loan values. When using this tool we suggest using with 'Term Exact.'

1166 Views 1 min

Logging Payments

Published June 14th, 2022 by Brinley Bushman

Complexity:       Audience: Loan Servicer or Collector, Upper Management, Developers, Loan Servicing/Collections Managers     Introduction As borrowers make payments on their loans, it is essential that the funds are processed and tracked. LoanPro provides a place for lenders to track payments that they have processed, cash that they have received,

1745 Views 1 min

Intro to Write-Offs

Published June 14th, 2022 by Brinley Bushman

Complexity:        Audience: Loan Servicer or Collector, Upper Management, Loan Servicing/Collections Managers, Administrator, Compliance Introduction Sometimes lenders have to write off an account. There are many different reasons lenders apply a write-off (also called 'write-off' or 'write-down') and it is an important part of lending. This articl

1549 Views 2 min
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