Credit Bureau Export (Metro2)
Also see Metro2 Setup [U0733].
The Credit Bureau Export program is a separately purchased module of LeasePak. This stand alone interface works with LeasePak to extract lease account information for Credit Bureau Reporting. This new program allows the user to mark delinquent accounts in the Collection Lease Summary of the Collection Work Schedule [U1101]. The Collection Lease Summary is a separately purchased module of the LeasePak Collections Tracking module. The stand alone Export program creates a file of data extracted from all marked leases and a totals report. The program updates the date the lease was last reported and the lessee TRW transaction type code. The totals sheet includes the following:
- Transaction Code totals
- Current Balance totals
- Amount Past Due totals
- Association Code totals
Credit Bureau Export Totals Sheet
LeasePakwill allow the user to change the Activity Status Codes in the following updates:
- Suspended
Earnings update [U0115].
New Activity Status Codes have been added to LeasePak and will be assigned through
Suspended Earnings update [U0115]. When bankruptcy is reported the lease will
be a Suspended Earnings lease.
- Payoff and Termination updates [U0103]. This will assign the Payoff/ Termination the bankruptcy status codes.
Certain parameters need to be set in order for LeasePak to correctly extract the delinquent lease information:
-
NUMBER
OF MONTHS TO WAIT BEFORE CLEANING UP HISTORICAL PAYMENT RECORDS
in Miscellaneous Customization of the Portfolio update [U0212].
-
The Lease
Summary option in Collection Work Schedule[U1101] must define the delinquent
lease to be reported or exempt.
- End
of Period process, Sequential Updates (End of Month) must be run in order for
the extract program to correctly report Payment History of all marked leases.
LeasePak will track the payment history of the lease for total of twenty-four
months.
- Historical Payments/RTX Clean-Up [U0451] must be selected in the MODULES AND REPORTS screen in the End of Period Customization option of the Portfolio update [U0212]
Credit Bureau Export Setup
LeasePak Documentation Suite
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