Lauren Krieger
lauren.krieger@loanpro.io
lauren.krieger@loanpro.io
Bankruptcies not only disrupt revenue, but impose a significant compliance burden, with credit providers needing to retrieve documents, verify court records, adjust account terms, and alter their communications to remain compliant. That’s why LoanPro provides clients with a comprehensive set of bankruptcy management tools through our partner Bankrup
Credit reporting is an essential function for lenders, providing valuable insights into borrowers’ creditworthiness and helping to pinpoint high-risk individuals to safeguard the industry. To support this function, LoanPro’s LMS offers three distinct options for credit reporting: Enhanced CSV Metro 2 txt file Bloom Credit integration Each method cat
LoanPro offers an Enhanced CSV file to support our clients with credit reporting, among other tools. When used in conjunction with a credit reporting software for validation and quality checks, this file offers a reliable, cost-effective solution for reporting consumer credit. This article will guide you through the setup and reporting process, ensu
Below, you’ll find detailed tables that outline the LoanPro field values, how they map to each segment of the Metro 2 file, and the logic applied to each value. These tables, organized by Metro 2 segment, will help you understand the data structure and help to ensure accurate credit reporting. For definitions of each Metro 2 field, please refer to C
Ensuring the accuracy and reliability of your credit reporting is critical for maintaining trust with credit bureaus and consumers alike. That’s why LoanPro is integrated with Bloom Credit, offering a comprehensive solution for credit data validation and submission. Bloom manages nearly all aspects of the credit reporting process for you. From runni
LoanPro offers several tools to streamline and automate your operation, each with a configuration-first design that enables them to adapt to your own custom business logic. They’re big enough subjects that they have their own articles covering how to set them up, but here’s a quick overview of what’s available. The Automation Engine The Automation E
The main function of the Account Manager is to perform searches, narrowing down selection from all the loans in your tenant down to a single loan or a specific set of loans. It has many features to help you easily find the loans you want and get a quick sense of what’s happening with your loans. You can save multiple searches and streamline the proc
If you use different vendors for different accounts (like regional repossession companies or call centers that focus on different credit products), associated company directories let you track which company is assigned to which account. Getting started The following steps outline the process to create an associate company directory: First, create a
In LMS, documents can be saved directly to any borrower or account, and frequently used common documents can be uploaded to a common document area. This article will walk through the process of adding documents in each of these areas, as well as the categorization and management tools available. Uploading loan documents To upload a loan document, na