Lender*VP
Summary
This class covers tools utilized in configuring credit union loan products. From servicing controls, to financial analysis, to examination reporting, the core leads the way in flexibility and creative processing for todays loan team. This class concentrates on the broad picture of what makes up a loan portfolio and how it is focused.
Audience
This class is designed for marketing and loan product developers.
Objectives
By the completion of this course, students will have:
- Analyzed loan categories and their flexible configuration.
- Learned about business-unit configuration
- Discussed loan-underwriter approval limits
- Examined configuration tools (purpose codes, security codes, etc.) for analyzing and reporting on the loan portfolio.
Topics
- Loan Categories as the Controlling Service Parameter
- Multiple Account Suffixes
- Interest Calculation Methods
- Delinquency Calculation Methods
- Disbursement Alternatives
- Insurance Alternatives
- Mortgage/Construction Loan Information
- Understanding the Difference Between MEMBER5 and MEMBER6
- General Ledger Interfaces
- IRS Reporting
- Payment Change Options
- Purpose Codes
- Security Codes
- Collateral Codes
- Insurance Tracking
- Other Miscellaneous Configuration Options
- Configuring Loan Products for Rate Inquiry and the Online Banking Rate Board
