This appendix covers the following topics:
Use this report to provide a document of all loan details that can be used to obtain the borrower's signature as part of the loan closing process. This report contains all critical loan information about the borrowers, loan details, interest rates, collateral, fees, conditions, amortization schedules, funding, and outstanding receivables, if applicable. After the loan is active, the details for Loan Agreement cannot be changed.
New agreement reports are automatically generated for the following cases:
Loan is approved.
Loan term extension is approved.
Loan amount adjustment is approved (for direct loans).
Disbursement is funded (for direct loans).
New receivable is approved and added to ERS loan.
Loans amortization schedule is customized.
You can generate the Loan Agreement Report manually from the View Loan Agreement page under the Servicing tab. The Reason text is used to capture the reason for generating a new report. Till the loan status is active, it can have only one agreement report. The older version of the report is overwritten. Once the loan is active, it can have multiple agreement reports.
Use this report to view all loans in your portfolio grouped by status, based on the selected parameters. Deleted loans are not included. This report provides the number and value of all loans your organization manages in each phase of the loan lifecycle. Report parameters include:
Loan Number
Borrower Name
Account Number
Loan Start Date From
Loan Start Date To
Loan Status
Display a Graph
Use this report to reconcile Loans information with Receivables information. It compares the loan balance and related billing events originating in Loans with the payments, netting credits, other credits, and adjustments applied in Receivables. Report parameters include:
Loan Number
Customer Name
Account Number
Bill Due Date Range