18. Interface

18.1 Introduction

This chapter discusses about the interfaces available in the application which supports following interfaces:

18.2 AP Transactions

The AP Transactions screen enables you to view accounts payable in Oracle Financial Services Lending and Leasing and complete the following tasks:

The AP Transactions screen displays information regarding advance payments, such as payee type, mode of payment, status, and other details. Whenever there is a refund to be sent to the trustee or estate, you can modify the payee details. System automatically records the changes and maintains a history of changes done on a particular requisition.

To view requisitions for all payees

  1. On the Oracle Financial Services Lending and Leasing home screen, Servicing > Servicing > Interfaces > AP Transaction.

The AP Transactions screen appears.

The AP Transactions screen contains four sets of option buttons, each in its own section: Payee Type, Pmt Mode, Status, and View Last. These option buttons allow you to narrow the range of the requisitions Oracle Financial Services Lending and Leasing displays.

The Payee Type section enables you to view requisitions according to whom the payment is made.

Choose:

Oracle Financial Services Lending and Leasing displays:

All

All payees.

Producer

Producer payees.

Third Party

Third party payees.

Vendor

Vendor payees.

Customer

Customer payees.

Business

Business payees.

The Pmt Mode section enables you to view requisitions by how the payment is made.

Choose:

Oracle Financial Services Lending and Leasing displays:

All

All requisitions.

ACH

Requisitions paid by ACH.

Check

Requisitions paid by check.

The Status section enables you to view requisitions according to status.

Choose:

Oracle Financial Services Lending and Leasing displays:

All

All requisitions.

Open

Open requisitions.

Close

Closed requisitions.

Hold

Requisitions on hold.

Void

Cancelled requisitions.

The View Last section enables you to view requisitions based on elapsed days.

Choose:

Oracle Financial Services Lending and Leasing displays:

1 Day

All the transactions in last one day.

1 Week

All the transactions in last one week.

1 Month

All the transactions in last one month.

By Date

Specify a date range (within 3 months) in ‘Start Dt’ and ‘End Dt’ fields using the adjoining calendar and click ‘Search’.
  1. Use the Payee Type, Pmt Mode, Status, and View Last buttons to select the requisitions you want to view.
  2. On the AP Transactions screen’s Requisitions section, select the record you want to work with.
  3. In the Requisitions section, perform any of the Basic Operations mentioned in Navigation chapter. You can view the following information:

    Field:

    Oracle Financial Services Lending and Leasing displays:

    Requisition Id

    View the Requisition Id of the selected AP transaction.

    Company

    The AP transaction company.

    Branch

    The AP transaction branch.

    Transaction Date

    The AP transaction date.

    Status

    The AP transaction status (Open, Close, Hold, or Void).Trans­action in OPEN status will not have a credit reference number, as it has not been entered or generated.

    Sub Status

    The AP transaction sub status.

    Payee Type

    The AP transaction payee type (Producer, Third Party, Ven­dor, Customer, or BUSINESS).

    Payee

    The AP transaction payee name.

    Note: For Producer and Third Party disbursements, there is ‘Account Number’ appended at end in the ‘Payee’ column sepa­rated by hyphen. This helps to filter records based on Account Number.

    Payee Account#

    The AP transaction payee account number.

    Currency

    The AP transaction payment currency.

    Amount

    The AP transaction payment amount.

    Disbursement Currency

    The disbursement currency.

    Disbursement Amount

    The AP transaction disbursement amount.

    Pmt Mode

    The AP transaction payment mode.

    Check Ref No

    The AP transaction check reference number.

    Check Dt

    The AP transaction check date.

    Sub Unit

    The sub unit associated with the AP transaction.

    Country

    The AP transaction country.

    Address Line 1

    The AP transaction payment address.

    Address Line 2

    The AP transaction payment address.

    Zip

    The AP transaction zip code.

    Zip Extn

    The AP transaction zip code extension.

    City

    The AP transaction city.

    State

    The AP transaction State.

    Transaction Comment

    The AP transaction comments received in response format are dis­played. You can update the details if required.
  4. On the Details sub tab, perform any of the Basic Operations mentioned in Navigation chapter. You can view the following information:

    Field:

    Oracle Financial Services Lending and Leasing displays:

    Effective Dt

    The transaction detail effective date.

    Description

    The transaction detail description.

    Payment Id

    The payment ID of the AP transaction.

    Amount

    The transaction detail payment amount.
  5. On the History sub tab, perform any of the Basic Operations mentioned in Navigation chapter.

The ‘Requisitions History’ section in History sub tab displays all the requisition changes that was performed on a particular AP transaction requisitions. The Requisitions History sub tab has similar field information of ‘Requisitions’ tab which is explained in point 4 above.

The Requisitions History table displays the modified fields and you can only view the requisition changes by clicking on ‘View’. The details of Updated By and Updated date are displayed below the Requisitions History details.

Closing a requisition

When the transactions are paid, the requisition should be closed. When you close a requisition, Oracle Financial Services Lending and Leasing changes its status to closed and it cannot be paid again. Oracle Financial Services Lending and Leasing then generates the appropriate GL (general ledger) transactions.

To close a requisition

  1. Open the AP Transaction screen and use Payee Type, Pmt Mode, and Status sections to load the requisition you want to close.
  2. In the Requisition section, select the requisition you want to close.
  3. In the Action section, click Close.
  4. Complete the other fields if required. Select the Sub Action from the drop-down list and specify Check Ref # field with the check reference number and Check Dt field when the check was issued.
  5. In the Action section, click Save.
  6. In the Status section, click Close and view the account.

Putting a requisition on hold

To ensure that the requisition is not paid or closed, you can change its status to hold. When a requisition is on hold, it cannot be closed.

To put a requisition on hold

  1. Open the AP Transaction screen and use Payee Type, Pmt Mode, and Status sections to load requisition you want to close.
  2. In the Requisition section, select the requisition you want to put on hold.
  3. In the Action section, click Open/Hold.

Note

The same option is to be selected while moving a requisition from Hold to Open status.

  1. Complete the other fields if required. Select the Sub Action from the drop-down list and specify Check Ref # field with the check reference number and Check Dt field when the check was issued.
  2. In the Action section, click Save.
  3. In the Status section, choose Hold and view the account.

Voiding a requisition

Changing the status of a requisition to void cancels the requisition.

To void a requisition

  1. Open the AP Transaction screen and use Payee Type, Pmt Mode, and Status sections to load requisition you want to close.
  2. In the Requisition section, select the requisition you want to void.
  3. In the Action section, select Void.
  4. Complete the other fields if required. Select the Sub Action from the drop-down list and specify Check Ref # field with the check reference number and Check Dt field when the check was issued.
  5. In the Action section, click Save.
  6. In the Status section, click Void and view the account.

Printing Check Details

Print the requisition details of an open AP transactions.

  1. Open the AP Transaction screen and use Payee Type, Pmt Mode, and Status sections to load requisition you want to close.
  2. In the Requisition section, select the requisition you want to print.
  3. In the Action section, click on Print Check button. System generates a PDF report with requisition and payee details.

18.3 GL Transactions

Oracle Financial Services Lending and Leasing allows you to view the details regarding general ledger entry as well as amortized transactions posted on a monthly basis. The system updates the GL transaction screen nightly.

The GL Transactions screen contains the following tabs:

18.3.1 Company tab

The Company tab contains the following sub tabs:

18.3.1.1 GL Transactions

The GL Transactions screen is a display only screen that allows you to view details regarding each general ledger entry and its corresponding details.

To view the GL Transactions screen

  1. On the Oracle Financial Services Lending and Leasing Application home screen, Servicing > Servicing > Interfaces > GL Transaction link.
  2. The GL Transactions screen appears opened at GL Transactions tab.

  3. In the Company section, select the portfolio company you want to work with. System displays the portfolio company name, portfolio company short name and currency.
  4. In the GL Entries section, sort the list of GL transactions to be displayed based on elapsed days by selecting the ‘View Last’ option as 1 Day / 1 Week / 1 Month / By Date. When ‘By Date’ is selected you can specify a date range (within 3 months) in ‘Start Dt’ and ‘End Dt’ fields using the adjoining calendar. Click search and view the following information:

    Field:

    View this:

    GL Post Dt

    General ledger effective date.

    Description

    Segment description.

    Debit Amt

    The debit amount.

    Credit Amt

    The credit amount.

    GL File/Batch #

    Batch number.

    Dt

    Batch creation date.

    Created

    If selected, this box indicates that the GL interface file/batch is created.

    Segment #1

    Segment value.

    Description

    Segment description.

    Segment #2

    Segment value.

    Description

    Segment description.

    Segment #3

    Segment value.

    Description

    Segment description.

    Segment #4

    Segment value.

    Description

    Segment description.

    Segment #5

    Segment value.

    Description

    Segment description.

    Segment #6

    Segment value.

    Description

    Segment description.

    Segment #7

    Segment value.

    Description

    Segment description.

    Segment #8

    Segment value.

    Description

    Segment description.

    Segment #9

    Segment value.

    Description

    Segment description.

    Segment #10

    Segment value.
  5. In the Transactions section, view the following information:

    Field:

    View this:

    Txn Dt

    The transaction effective date.

    Transaction

    The description of transaction.

    Amount

    The transaction amount.

    Account

    The account.

    Producer

    The producer.

18.3.1.2 Amortized Transactions Tab

The Amortized Transactions screen is another display only screen. It allows you to view details of all amortized transactions posted on a monthly basis. The Transactions block displays the earned amount to date and the balance that remains to be earned for each amortized transaction.

To view the Amortized Transaction screen

  1. On Oracle Financial Services Lending and Leasing Application home screen Servicing > Servicing > Interfaces > GL Transaction > Amortized Transactions In the Company section, select the portfolio company you want to view.
  2. The Transactions section by default displays amortized transactions of only Active accounts. Select the ‘Show All’ check box to display all the transaction including Paid-Off or Charged-Off accounts.
  3. In the Transactions section, sort the list of GL transactions to be displayed based on elapsed days by selecting the ‘View Last’ option as 1 Day / 1 Week / 1 Month / By Date. When ‘By Date’ is selected you can specify a date range (within 3 months) in ‘Start Dt’ and ‘End Dt’ fields using the adjoining calendar. Click search and view the following information:

    Field:

    View this:

    Transaction

    The transaction type.

    Account #

    The account.

    Account Status

    The account status.

    Method

    The amortization calculation method.

    Frequency

    The amortization frequency.

    Term

    The term.

    Balance

    The balance amount.

    Earned

    The balance earned.

    WrittenOff

    The balance write-off.
  4. In the Amortized Transactions section, view the following information:

    Field:

    View this:

    GL Post Dt

    The GL post date.

    Transaction Code

    The transaction code.

    Transaction Amount

    The transaction amount.

18.3.2 Account tab

The Account tab is a display only tab that allows you to search and view GL Transactions by querying through account number.

In the ‘Acc #’ field, specify the account number and click ‘Search’.

System displays the following account details:

Field:

Do this:

Account #

The queried account number.

Title

The primary and other applicant(s) attached to the account.

Status

The current status of the account.

Product

The product for the account.

Contract Dt

The contract funded date.

Currency

The currency for the account.

The Account tab also contains the following sub tabs which are segregated to display the respective transactions maintained in the account:

By default, system displays only the previous day’s transactions for the selected account and you can modify the same to display the transactions for the last 2 days, 5 days or All Days by selecting the appropriate radio button.

The following table indicates the specific type of GL Transactions displayed for any selected account and the transaction details displayed in each sub tab.

Transaction Type

Transaction Details

Monetary Transactions

Amortized Transactions

Securitization Transactions

Loan Sales Transactions

Effective Date

GL Post Date

Transaction Code

Transaction Description

Amount

Remarks

Funding Transactions

Producer Transactions

Effective Date

GL Post Date

Transaction Code

Transaction Description

Amount

Dealer/Producer Number

Dealer/Producer Name

Payment Transactions

Effective Date

GL Post Date

Batch Type

Reason

Payment Allocation Transactions

Effective Date

Transaction Code

Amount

GL Entries sub tab

GL Post Date

GL Transaction Code

Dr/Cr (Debit/Credit)

Segment #1 upto #10

Transaction sub tab

GL Post Date

Segment

Account #

Sub Unit

Category

Description

Debit Amount

Credit amount

18.4 Account Conversion

Oracle Financial Services Lending and Leasing Open Interface module is designed to allow businesses to convert accounts (either approved or partially completed). At the end of the process, a new account is created in system which can be viewed on Customer Service. It also allows you to board new accounts. There are two methods to enter this information into the system; a data file upload and a manual data entry.

This chapter explains how to use Oracle Financial Services Lending and Leasing’s Account Conversion screen to complete the following tasks:

18.4.1 Pending Account Creation

In some specific type of product financing such as hand-set financing, after an order is placed using Web/Retail store, Loan accounts are to be created in pending status. This is required especially if the device ordered by a customer is not readily available and needs to be procured from the inventory by placing an internal order/request.

During Account On-Boarding and API conversion process of such accounts, if there is a condition added on to the account as ACCOUNT ACTIVATION ON HOLD, OFSLL creates those accounts in PENDING status and does not allow to post ACTIVE transaction. However, you can post Monetary and Non-Monetary transactions listed below to update Customer, Contract and Asset fields. For more information on these transactions, refer to ‘Transaction Parameters’ chapter.

Subsequently, when the product is available at the inventory for shipping, system allows to post a Call Activity to remove the ACCOUNT ACTIVATION ON HOLD condition. This account can be later activated during the processing of batch job TXNACT_BJ_100_01 in SET-AAI batch jobset and an Active transaction is posted with Contract Date as the first transaction on account.

Such accounts in PENDING status can also be moved to VOID status if requested by Customer or if the Credit Risk Team has detected /anticipated any fraudulent activity.

Following Monetary transactions can be Posted and Reversed on accounts in PENDING status:

Following Non-Monetary transactions can be Posted on accounts in PENDING status:

Customer Maintenance

Asset Maintenance

Account

18.4.2 Conversion of Account screen

In the Conversion Account screen, the first step in converting an account is to complete the account boarding (new/old) details.

The conversion process does not create the underlying general ledger (GL) entries at any time.

To complete the master block

  1. Click Servicing > Servicing > Interfaces > Conversion Accounts > Account Boarding.
  2. The Account Conversion screen appears..

  3. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

App #

Enter the account number.

Dt

Enter the account date ( date on which account was originally received).

Product

Select the product associated to this account.

Priority

Select the account priority.

Status

Select the account status and sub status from

Sub Status (unlabelled)

the following two choices:

CONVERSION

ACCOUNT CREATED

CONVERSION

API ACCOUNT

Note: In beginning the conversion process, choose API Account. After verification process, you will change the status to Account Cre­ated. (See the Verification section for more information.)

Company

Select the portfolio company to which this account belongs.

Branch (unlabelled)

View the portfolio branch to which this account belongs.

New Account

Select box if account doesn’t exist in the legacy system.

IMPORTANT: Clear this box if the account transactions need to be con­verted. If this box is selected, data entered on Transaction sub screen of the Account master tab will not convert.

Conversion Dt

Enter the conversion date.

Joint

Select if the account is joint.

Cosigned

Select if the account is co-signed.

Purpose

Select the purpose.

Existing Customer

Select if one of the applicants is an existing customer.

Duplicate

Select if the account is a duplicate application.

Contact

Enter the contact.

Channel

Select the account channel.

Producer Type

Select the producer type.

Producer

Select the producer.

Underwriter

View the underwriter name.

Xref

Enter the account number (if converting an existing account) or the account number (if you need to create an account for funded applica­tion). This will help to reference back to the legacy system.

Conversion Status

View the status of the conversion.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

18.4.3 Applicants Sub Tab

The Applicants master screen allows you to record information regarding applicants associated with the account. In this section, you will use the information supplied on the application, complete Primary Applicant screen and sub screens (Address, Employments, Telecoms, and Financials sub screens). If this is a joint account, complete the Others screen as well.

18.4.4 Business sub tab

If this is a SME or Business Loan, information gathered on the application entry process regarding the business and business’s address, partners data, affiliates data, phone numbers and business credit score appears on the Customer Service screen’s Business sub tab.

Using the Business sub tab, you can add new business details to an account and/or update the existing business’s address, partners and affiliates information, or phone listing. New business details can be added even after an account is created and is usually done in case when the existing business is taken over by another business.

For detailed information, refer to ‘Business sub tab’ section.

18.4.5 Decision Tab

On the Decision screen, Oracle Financial Services Lending and Leasing system records information gathered during the underwriting process. Depending on the type of account you are working with, Oracle Financial Services Lending and Leasing will display the Loan screen. These screens all share the following sub screens: Stipulations, Itemization (Conversion form only), and Checklist (Conversion form only).

For more detailed explanation of the fields found on the Decision screen, please see the chapter Underwriting in this User Guide.

18.4.6 Contract Tab

The Contract screen allows you to perform important task of completing the truth-In-lending details. These screens include information about financed amount, payment schedule, total of these payments, finance charge, and the resulting annual percentage rate. The truth-in-lending details must be completed before a Loan can be funded.

In completing the truth-in-lending details on Contract link, you will complete the Loan screen.

The Loan screen share the following sub screens:

18.4.7 Collateral Tab

The Collateral screen allows you to record information regarding collateral associated with the account. Depending on the type of product or producer you selected, the Collateral link opens one of the three following collateral screen: a vehicle information screen, a home information screen, or an other information screen. Complete the screen that is available on your Applications screen.

These screens all share the following sub screens: Valuations and Tracking.

18.4.8 Account Details Tab

The Account Conversion Account’s screen allows you to view and add comments regarding an account at any time.

To complete the Account Details section

  1. Click Servicing > Servicing > Interfaces > Conversion > Account Boarding > Accounts link.

The Account screen contains the following sub screens:

  1. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Account#

View the value entered in “Xref” field.

Status

Select the account status.

Effective Dt

Enter the effective date of the account.

Paid Off Dt

Enter the paid off date of the PAID account.

Pool

Enter the pool the account is in.

30

Enter the number of times 30 days delinquent over the life of the account.

60

Enter the number of times 60 days delinquent over the life of the account.

90

Enter the number of times 90 days delinquent over the life of the account.

120

Enter the number of times 120 days delinquent over the life of the account.

Next Due Dt

Enter the Next Due date.

Last Pmt Amt

Enter the last payment amount.

Due Day

Enter the due day of the account.

Last Activ­ity Dt

Enter the date of last activity on the account.

Maturity Dt

Enter the maturity date of the account.

Last Pmt Dt

Enter the date the last payment was received.

Excess Amt Pd

Enter the amount paid that needs to be applied towards future due dates.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.
  2. In the Extensions block, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

# of Exten­sions (Year)

Enter the number of times extensions granted (year).

# of Exten­sions (Life)

Enter the number of times extensions granted (life).

# of Extension Term (Year)

Enter the number of terms extensions granted (year).

# of Extension Term (Life)

Enter the number of terms extensions granted (life).

Last Extn Dt

View the last extension date.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.
  2. In the Due Dates block, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Due Dt 1

Enter the latest due date for which the account is due.

Amt Due 1

Enter the amount due on the latest due date of the account.

Amt Paid 1

Enter the amount paid on the latest due date of the account.

Due Dt 2

Enter the (latest - 1) due date of the account.

Amt Due 2

Enter the amount due on the (latest -1) due date of the account.

Amt Paid 2

Enter the amount paid on the (latest - 1) due date of the account.

Due Dt 3

Enter the (latest - 2) due date of the account.

Amt Due 3

Enter the amount due on the (latest -2) due date of the account.

Amt Paid 3

Enter the amount paid on the (latest - 2) due date of the account.

Due Dt 4

Enter the (latest - 3) due date of the account.

Amt Due 4

Enter the amount due on the (latest -3) due date of the account.

Amt Paid 4

Enter the amount paid on the (latest - 3) due date of the account.

Due Dt 5

Enter the (latest - 4 cycle) due date of the account.

Amt Due 5

Enter the total due amount less the sum of the last 4 due amounts on the account.

Amt Paid 5

Enter the amount paid on the account till date less the value in paid buck­ets 1 through 4.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.
  2. In the Conditions block, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below.

Field:

Do this:

Condition

View the condition.

Start Dt

View the start date.

Followup Dt

View the next follow-up date.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

18.4.9 Account Details’ Sub Tabs

To complete the Transactions sub screen

  1. Click Transactions sub tab.
  2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Seq

Enter the transaction sequence number.

Post Dt

Enter the date of posting this transaction.

Dt

Enter the effective date of this transaction.

Txn

Enter the transaction code.

Balance Amt

Enter the principal/advance (Note balance in case of PC) balance value after this transaction was executed.

Txn Amt

Enter the amount involved in this transaction.

Reference

Enter the reference for this transaction.

Mode

Select the mode in which the transaction was performed.

Reason

Select the reason code for this transaction.

Ext Amt

Enter the part of the payment that was allocated towards the extension fee.

Memo Amt

Enter the part of the payment that was allocated towards the member­ship fee.

Ovr Amt

Enter the part of the payment that was allocated towards the over limit fee.

Fee Adv

Enter the part of the payment that was allocated towards the advance transaction fee.

Pre-Pay­ment

Enter the part of the payment that was allocated towards the prepay­ment penalty.

Spread Code

Enter the spread code used if this is a payment transaction.

Advance

Enter the part of the payment that was allocated towards the advance balance.

Interest

Enter the part of the payment that was allocated towards the interest bal­ance.

Late Charge

Enter the part of the payment that was allocated towards the late charge balance.

NSF

Enter the part of the payment that was allocated towards the NSF bal­ance.

Overage

Enter the amount that has been overpaid. Used in the case of the last payment received that pays off all the balances.

Comment

Enter any comments associated with this transaction.
  1. Perform any of the Basic Actions mentioned in Navigation chapter and choose Update Account.

To complete the ACH sub screen

  1. Click ACH sub tab.
  2. In the ACH sub screen, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Bank Name

Enter the current ACH bank name.

Bank Rout­ing #

Enter the current ACH bank routing number.

Status

Select the status as either Active or Inactive from the drop-down list.

Start Dt

Enter the ACH start date.

End Date

Enter the ACH end date.

Default

Select the check box to indicate if this is default account.

Account Type

Select the current ACH account type.

Account #

Enter the current ACH account number. If the organizational parameter UIX_HIDE_RESTRICTED_DATA is set to Y, this appears as a masked number; for example, XXXXX1234.

BIC

Select the Business Identifier Code from the drop-down list. The list dis­plays the BIC codes defined in the system.

IBAN

Specify the IBAN (International Bank Account Number). IBAN is used for identifying bank accounts across national borders with a minimal of risk of propagating transcription errors.

Ensure that value entered satisfies the check-digit validation based on modulo 97. On save, system automatically validates the IBAN number length based on country code, characters, white spaces, and checksum. Validation is also done during posting non-monetary transaction (ACH Maintenance).

You can maintain the IBAN length and other details required as per the country code in the user defined table (Setup > Administration > System > User Defined Tables).

Note: IBAN for 'NL' country code (IBAN_FORMAT_NL) is defined by default with length of IBAN as 18.

Pmt Day

Specify the day of payment.

Pmt Amt

Specify the payment amount.

Payment Amt Excess

Specify the excess payment amount if any.

Pmt Freq

Select the payment fee from the drop-down list.

Fee

Select the check box to indicate the fee indicator.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

To complete the Bankruptcy sub screen

  1. Click Bankruptcy sub tab.
  2. On the Bankruptcy sub screen, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Bankruptcy

Select if account has declared a bankruptcy currently.

Disposition

Select the bankruptcy disposition.

Start Dt

Enter the bankruptcy start date.

Type

Select the bankruptcy type.

Comment

Enter a comment relevant to the bankruptcy of the account.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

To complete the Charge off sub screen

  1. Click Charge off sub tab.
  2. In the Charge off sub screen, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Charge-off

Select if account has been declared as a charge off.

Disposition

Select the charge-off disposition.

Charge off Dt

Enter the charge-off start date.

Type

Select the charge-off type.

Comment

Enter a comment relevant to the bankruptcy of the account.
  1. In the Repo/Forc sub screen, enter the following information:

    In this field:

    Do this:

    Repo/Forc

    Select if foreclosure or repossession proceedings are underway for this account.
  2. Perform any of the Basic Actions mentioned in Navigation chapter.

To complete the Compensation sub screen

  1. Click Compensation sub tab.
  2. On the Compensation sub screen, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Amt Earned

Enter the transaction code for the amortization balance Five different bal­ance types can be entered in the rows marked 1...5.

Int Amt Earned

Enter the original balance amount.

Amt Paid

Enter the amount of the balance earned as of previous month-end.

Amt Write­off

Enter the amount of the balance written off as of the previous month-end.

Next Pmt Dt

Enter the amount of the balance written off as of the previous month-end.

Last Pmt Dt

Enter the amount of the balance written off as of the previous month-end.

Chbk Amt

Enter the amount of the balance written off as of the previous month-end.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

To complete the Loan Details sub screen

  1. Click Loan Details sub tab.
  2. In the Additional Loan Details block, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Current Rate

Enter the current rate.

Current Pmt

Enter the current payment amount.

Stop Accrual

Select if the interest accrual is stopped on this account.

Balloon Amt

Enter the balloon amount.

Current Term

Enter the current term.

Paid Term

Enter the paid term.

Last Accrual Dt

Enter the last accrual date for this account.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.
  2. In the Non Performing Rebate block, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Non Performing Type Code

Enter the non performing type code.

Interest Rebate

Enter the interest rebate.

Promotion End date

Enter the promotion end date.

Non Perform Indicator

Select to indicate that this is a non performing account.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

To complete the Tracking Attributes sub screen

  1. Click Tracking Attributes sub tab.
  2. Choose Create Tracking. Oracle Financial Services Lending and Leasing loads all the Customer Service (2) account attributes tracking parameters.
  3. Sub Attribute field, only attributes in a particular group appear in the Parameter display.
  4. Complete Tracking Details block by entering requested parameter in the Value field.
  5. Save any changes you made to the account.

18.4.10 Comment Tab

The Comments screen allows you to view and add comments regarding an account at any time.

To add a comment

  1. Click the Comment link
  2. In the Type block, use drop down list to select the type of comment you are adding.
  3. In the Sub Type block, use drop down list to select the sub type of comment you are adding.
  4. In the Comments block, type your comment.
  5. If you want Financial Services to recognize this comment as an alert, select Alert. When you select the Alert box, the comment appears on Customer Service form’s Account Details screen in Comment sub screen.
  6. Save your entry.

18.4.11 Verification Tab

Oracle Financial Services Lending and Leasing can be configured to automatically validate portions of an application when you attempt to change its status. The results of this data check appear on the Verification (8) master tab’s Edit screen as an Error, a Warning, or an Override.

If it is an Error, Oracle Financial Services Lending and Leasing will not allow you change the application's status and approve the Loan until you fix all the errors.

If it is a Warning, Oracle Financial Services Lending and Leasing allows you to change an application’s status without correcting the matter. While you should still investigate the problem, Warning messages are of a lesser importance than Error messages.

If it is an Override, Oracle Financial Services Lending and Leasing displays a dialog box informing you that an override is needed; your responsibility level does not have the authority required to process this step. (Choose Yes on dialog box to move the application to queue of the user with the required authority.)

Oracle Financial Services Lending and Leasing can be configured to verify different sets of information; for example, Financial Services could check one set of data when checking application entries for completeness and another when approving auto Loan . Each one of these “edit types” has its on set of “edit details.”

To verify the data required for decisioning the account

  1. Click the Verification link, then choose the Edits tab.
  2. In the Edit Type block, select the type of edit you want to verify using the drop down list.
  3. Choose Check Edits. Financial Services checks data for the verification process selected in Edit Type block and displays results in the Edit Details block.
  4. In the Edit Details block, view verification results and begin making corrections on conversion form.
  5. When you are finished correcting errors, change the status in the master block Status field from API ACCOUNT to ACCOUNT CREATED.

After entering existing data and successfully changing status of the account, the conversion process is over.

At this point, the account information you entered in this module can be viewed on the Lending menu’s Customer Service form. However, new accounts cannot be viewed since they need to have the set-up run prior to account creation.

18.4.12 Calculator Tab

The Loan Calculator link is only available for the loan product. During the account conversion process, the Loan Calculator screen can be used to complete the information.

To open the Loan Calculator screen

  1. Click the Calculator link

For more details about using the Loan Calculator screen, refer Tools chapter.

18.4.13 Search Tab

The Account Conversion’s Search tab opens the Criteria screen.

Loading an Application on the Account Conversion screen

The first step in account conversion process is to load application you want to work with using the Conversion Account screen’s Search link.

To load an application

  1. On the Oracle Financial Services Lending and Leasing Application home screen, click the Servicing master tab.
  2. Click Interfaces drop-down link and then click Account Conversion link. The Conversion Account screen is displayed.
  3. On the Results screen, select the application you want to load and click Submit.

You can use the Search Criteria tab to limit or change display of applications on the Results screen.