The Loan Collections Module provides enhanced support for tracking of collection accounts.

Details

• The collections system will generate automated notices or letters based on the level of delinquency the account is currently in.
  
  
• Your Credit Union can define form letters and notices to be used in conjunction with the collection accounts.
  
  
• All activity on the collection items is tracked in a collection window on a per account basis.
  
  
• Transaction details are logged as well as any telephone or written correspondence generated to the member.
  
  
• A To-Do List will display for each loan in the collection window.
  
  
• Collection and Repossession Agency Maintenance provides additional tracking of fees and information.

Benefits

• Payment tracking
• Phone call tracking
• Automated collection notice and letter preparation
• Integrated transaction details
• To-Do-List with follow-up input
• Letter Merge
• Collection Agency/Repossession Company Maintenance
• Action Item Definition
• Repossession tracking
• Agency Fee tracking