Within the CLM system, each loan's data is organized as 5 different components or associated record types. Through the Loan Maintenance function, each of these components are accessed via the drop-down Loan Sections box that appears in the upper portion of the Loan List display. The user first selects a loan and then selects the appropriate component maintenance identifier from the drop-down box.
The user can also access the previously selected component maintenance function for a newly selected loan simply by clicking on the Go button.
The following table provides a brief description of each loan component and related maintenance function. Additional information about each component and maintenance function can be reviewed by clicking on the appropriate link or by opening the associated chapter found in the table of contents.
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Function |
Description |
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Presents loan identification and status information, collections-related information, credit bureau rating and report date, and other general loan information. |
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Presents detailed repayment and loan balance information for the selected loan. This includes payment method and due date, payment plan information (principal, interest, late charge and collection costs details), and loan balance details. The latter shows amounts, amounts paid, cancelled and defaulted, and balances (broken out by principal, interest, late charge, collection costs, and origination). |
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Presents information pertaining to the selected loan's origination process. This information includes the completed/printed/mailed dates, and disbursement-related information. |
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Presents information pertaining to the selected loan's exit process. This information includes the prep/print/completed/incomplete dates, and repayment dates. |
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Presents information pertaining to the benefits that have been applied to the loan (if any). A list of benefits is presented; when a benefit is selected, information pertaining to the benefit can be maintained. |