Loan Payment Protection

Transcription

1 Loan Payment Protection Application Overview: The PS_CUNA_NEW_LOAN_PAYMENT application creates a CUNA Participation Tracking File in an XML format. This extract file tracks the number of borrowers electing payment protection products and is used by CUNA Mutual Group to determine the percentage of borrowers electing payment protection products on new loan accounts. The following are the payment protection products that are being tracked: Credit Life (CL) Credit Disability (CD) Debt Cancellation (DC) Mechanical Repair Coverage (MRC) Guaranteed Asset Protection (GAP) Processing: The PS_CUNA_NEW_LOAN_PAYMENT batch job selects all new loan accounts that have an Active (ACT) status effective date within the StartDate and ThruDate parameters and will produce an.lis report and an XML output file. See the Reports Layout section of the document for descriptions and sample reports. Note: If a loan has multiple effective dates for the Active status, only the minimum date is used in the search. For example, a loan became active on 8/01/2007. The loan changed to a status of non-accrual on 1/05/2010. On 2/15/2010 the loan changed back to a status of active. If this application is run with a StartDate of 2/01/2010 and a ThruDate of 2/28/2010 the loan will not be included since the loan is considered active on 8/01/2007, which is the minimum effective date for the Active status. All new loan accounts, based on the Parameters of the report, are reported on the CUNA Participation Tracking XML file and include the payment protection product information if a new loan account has the simple insurance and/or financed balance types elected on the account and that specific balance type is associated to one of the above payment protection products. The payment protection products and the corresponding balance types are linked together utilizing the External Interface CrossReference system table. There can be multiple balance types linked to the same payment protection product. This process relies on populating values in the External Interface CrossReference system table. The purpose of using the External Interface CrossReference table is to identify the specific Simple Insurance and Financed Balance Category codes and their associated Payment Protection Product codes. If this is not configured, the application will not be able to identify if a Payment Protection Product is on a loan. Page 1 of 12

2 Identifying the Valid Balance Category Codes The following navigation returns the valid Balance Category Codes that are used in the From Value of the Simple Insurance and/or Financed Insurance Interface Variable. Navigation: Services > System > System Tables > A-B Tables > BALCATBALTYP The BALCATBALTYP table is displayed Sort the table by the BALTYP column by clicking on the BALTYP code column heading Scroll down to find the BALTYP s of SINS Identify the Valid Codes of the Simple Insurance Balance Categories by the Code in the first column. If needed, to verify the descriptions of the Codes, go to System Tables > A-B Tables > BALCAT Scroll to find the BALCAT codes identified in the BALCATBALTYP table to see the descriptions for the simple insurance balance types and verify which ones are to be used. Repeat the above steps to verify the Valid Financed Balance Type codes and descriptions Page 2 of 12

3 Valid Payment Protection Product Codes The following is a list of the valid Payment Protection Product Codes that correspond with the Simple Insurance Balance Types: CL (Credit Life) CD (Credit Disability DC (Debt Cancellation) The following is a list of the valid Payment Protection Product Codes that correspond with the Financed Balance Types: MRC (Mechanical Repair Coverage) GAP (Guaranteed Asset Protection) Configuring the External Interface CrossReference Table Navigation: Services > System > System Tables > C-G Tables > External Interface CrossReference Select CUNA Participation Tracking from the External Interface dropdown Select Simple Insurance from the Interface Variable dropdown Click Create, The Edit External Cross Reference window will be displayed In the From Value, Enter the first valid BALCAT code for the Simple Insurance Balance Type In the To Value, Enter the valid corresponding Payment Protection Product code as identified above. Click the Review radio button Click Process Page 3 of 12

4 Repeat the above step for each additional valid BALCAT code and corresponding Payment Protection Product code for the Simple Insurance Interface Variable. Repeat the above process to configure the External Interface CrossReference table for the Financed Interface Variable. Page 4 of 12

5 Parameters: Parameter Code Description (how used) Required Default Output File Path 8OUP The path in which to create the output file. N Queue s Default Path Note: The Queue s Default Path is as defined by the Institution Option Report Target Directory (RPTT) Primary Employee Role Code 8PER Employee role used to retrieve and populate the Loan Staff ID within the XML output file. Y Blank Note: The valid account role codes are located in the Account Roles (ACCTROLE) Business Table. Secondary Employee Role Code 8SER Employee role used to retrieve and populate the Loan Staff ID if there is no Primary Employee Role code (8PER) identified on the account. N Blank Note: The valid account role codes are located in the Account Roles (ACCTROLE) Business Table. Minor Account Type Code MICD List of minor codes to be included in the selection for the XML output file. N All Loan Minors Note: If no Minor Account Type Codes are entered in the parameter, all Loan Minor Account Types will be included in the selection criteria. Major Account Type Code MJCD List of major codes to be included in the selection for the XML output file. N All Loan Majors Note: If no Major Account Type Codes are entered in the parameter, all Loan Major account types will be included in the selection criteria. StartDate SD The beginning of the date range to search for the loan accounts. (MM/DD/YYYY) N Current Effective Date Page 5 of 12

6 ThruDate TD The ending of the date range to search for N Current Effective Date the loan accounts. (MM/DD/YYYY) Report Layout: Below is a sample of the PS_CUNA_LOAN_PAYMENT.LIS report. The LIS file includes the following information: Type of protection a. No Protection b. Simple Protection c. Financed Protection d. Both Protections Total number of loans per type of protection Total note balance of the accounts with that type of protection Total number of new loans Total note balance for all new loans Total number of payment protection products for each type a. Credit Life (CL) b. Credit Disability (CD) c. Debt Cancellation (DC) d. Mechanical Repair Coverage (MRC) e. Guaranteed Asset Protection (GAP) Page 6 of 12

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8 File Layout: The PS_CUNA_NEW_LOAN_PAYMENT report produces a file in the XML format. The following is a list of the XML tag and the description. Tag BranchID LoanStaffID DC CD CL Description Internal DNA Organization Number of the Branch assigned to the loan account. The internal DNA Person Number of the employee associated to the account role that is designated as the Primary Employee Role Code or the Secondary Employee Role Code in the Parameters. Note: The Primary Employee Role Code displays in the XML output file unless an account role with that designation is not assigned to the account. In that case, the Secondary Employee Role Code would display on the XML output file if the designated account role was assigned. Designates the payment protection product of Debt Cancellation. If an account has elected the Simple Insurance balance Type that is associated to the Debt Cancellation payment protection product, the internal DNA Rate Schedule Number displays after the DC tag. If no match is found the value displays as blank. Note: The Rate Schedule Number is identified within the Simple Insurance Variables associated with the balance type. The payment protection product code and the simple insurance balance type codes are defined in the External Interface CrossReference table. Designates the payment protection product of Credit Disability. If an account has the Credit Disability payment protection product associated to the Simple Insurance balance type on the account, the internal DNA Rate Schedule Number displays after the CD tag. If no match is found the value displays as blank. Note: The Rate Schedule Number is identified within the Simple Insurance Variables associated with the balance type. The payment protection product code and the simple insurance balance type codes are defined in the External Interface CrossReference table. Designates the payment protection product of Credit Life. If an account has the Credit Life payment protection product associated to the Simple Insurance balance type on the account, the internal DNA Rate Schedule Number displays after the CL tag. If no match is found the value displays blank. Note: The Rate Schedule Number is identified within the Simple Insurance Variables associated with the balance type. The payment protection product code and the simple insurance balance type codes are defined in the External Interface CrossReference table. Page 8 of 12

9 GAP Designates the payment protection product of Guaranteed Asset Protection. Displays a Y next to the GAP tag if the financed insurance is elected. Displays blank next to the GAP tag if the financed insurance is not elected. The Financed Balance tags (GAP) displays a Y if the financed insurance is elected and the original balance of the financed insurance balance type is greater than zero. If the balance is not greater than zero, displays blank. MRC Note: The payment protection product code and the financed balance type codes are defined in the External Interface CrossReference table. Designates the payment protection product of Mechanical Repair Coverage. Displays a Y next to the MRC tag if the financed insurance is elected. Displays blank next to the GAP tag if the financed insurance is not elected. The Financed Balance tags (MRC) displays a Y if the financed insurance is elected and the original balance of the financed insurance balance type is greater than zero. If the balance is not greater than zero, displays blank. DOB1 DOB2 LoanType LoanAmt LoanDate LOCDate IntRate Note: The payment protection product code and the financed balance type codes are defined in the External Interface CrossReference table. Displays the Date of Birth for the borrower assigned to the loan account. If there is no birth date assigned to the borrower, the field displays blank. Displays the Date of Birth for the co-borrower assigned to the loan account. If there is no birth date assigned to the co-borrower, the field displays blank. Displays the Major Code and the Minor Code of the loan account as one value. Example: MTG30YR If the loan account is NOT a credit limit account (LoanLimit = N), displays the Original Balance. If the loan account IS a credit limit account (LoanLimit = Y), displays the sum of all the principal disbursement (PDSB) transactions between the StartDate & ThruDate parameters. Date the Current Account Status code changed to Active (ACT). The first time the account becomes Active (ACT) is when it shows on the report. See example in Processing section of the document. Date of the initial disbursement with an effective date of the transaction being between the StartDate and ThruDate parameters. If there was no disbursement within the period, the field displays blank. The interest rate on the loan account as of the ThruDate parameter. Page 9 of 12

10 Payment Frequency Scheduled payment amount. If the payment type is VINT, VACT, or VAVG, displays blank as the amounts of those payment types are calculated when a receivable is generated and vary each month. The payment frequency of the loan account. Page 10 of 12

11 Below is a sample of the PS_CUNA_LOAN_PAYMENT.XML output file which is in the XML file layout. <Loans> <Loan Seq=""> <BranchID></BranchID> <LoanStaffID></LoanStaffID> <DC></DC> <CD></CD> <CL></CL> <GAP></GAP> <MRC></MRC> <DOB1></DOB1> <DOB2></DOB2> <LoanType></LoanType> <LoanAmt></LoanAmt> <LoanDate></LoanDate> <LOCDate></LOCDate> <IntRate></IntRate> <Payment></Payment> <Frequency></Frequency> </Loan> <Loan Seq=""> <BranchID></BranchID> <LoanStaffID></LoanStaffID> <DC></DC> <CD></CD> <CL></CL> <GAP></GAP> <MRC></MRC> <DOB1></DOB1> <DOB2></DOB2> <LoanType></LoanType> <LoanAmt></LoanAmt> <LoanDate></LoanDate> <LOCDate></LOCDate> <IntRate></IntRate> <Payment></Payment> <Frequency></Frequency> </Loan> </Loans> Page 11 of 12

12 Installation: Note: If you obtained this application from the DNAappstore, please disregard the installation instructions below. If you did not obtain this application from the DNAappstore, please complete the installation instructions below. Run the PS_CUNA_NEW_LOAN_PAYMENT.WTS script to register the application. If not defined already, edit the institution option BATP (PS Batch Report Directory) with the designation of a custom program directory (ex: G:\OSI\BANK\BAT_EXE\PS\). Copy the PS_CUNA_NEW_LOAN_PAYMENT.SQT to the Professional Services (PS) directory. Once PS_CUNA_NEW_LOAN_PAYMENT.WTS script has been successfully run, the PS_CUNA_NEW_LOAN_PAYMENT.SQT can be executed in Batch. In the System Module of DNA, go to Institution > Applications > Batch Executable and enter the supplied Authorization Key for this application. Page 12 of 12