New Loan Letter

New Loan Letter

The new loan letter is a welcome letter that can be sent to new borrowers when you begin servicing their loan. It includes basic information about how you plan to service their loan.

The guidelines for using the filter Service Release without payments due (SRWithoutPmtsDue) are as follows:
 
  • If you want to send a new loan letter for all new loans, do not use the SRWithoutPmtsDue filter.
  • If you want to exclude flow sale service released loans that have no payments owed to you, use the SRWithoutPmtsDue filter with no as the filter.
  • If you want to send a new loan letter for service release loans that have no payments owed to you as the current servicer, use the SRWithoutPmtsDue filter with yes as the filter. We do not recommend using this option.
Delivered location: system administration>customer service category>letters group
File name: Newloan.doc
Delivered criteria: acquired date, acquired from, acquired from name, country name, days active, due date, loan add date, loan ID, loan type. mail zip code, previous loan number, service release without payments due
Queries: R_NewLoanLetter
Frequency of running: anytime

Environment:

Servicing Director

ArticleNumber:

000054868

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