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,

Cross-tenant account transfer

Published October 29th, 2024 by Brinley Bushman

LoanPro's cross-tenant account transfer tool automatically moves loan data from one tenant to another, making it particularly useful for clients with multiple production tenants. It allows you to create and manage loans in a dedicated origination tenant. Once a loan is approved, it can be moved to a servicing tenant based on the logic you define. Th

Intro to Charge-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 charge off an account. There are many different reasons lenders apply a charge-off (also called 'write-off' or 'write-down') and it is an important part of lending. This arti