1.2.3 Enhancements in Loan Servicing
Oracle Banking Branch initiates the request and handoff to FLEXCUBE Universal Banking for further verification and processing.
The following screens are introduced as a part of Loan Service in this release:
Table 1-3 Enhancements in Loan Servicing
| Sr.No | Topic | Description |
|---|---|---|
| 1 | Transaction View & Reversal – New Screen | This screen allows the user to view the list of transaction details performed on a loan account. User will also be able to reverse eligible transactions. |
| 2 | Renegotiation Tenor – New field Maturity Date | This enhancement allows the maker to directly select a new maturity date from a calendar. |
| 3 | Advices Function | This function helps the maker to generate an acknowledgement to get a confirmation from the customer. Currently, this function is available in Loan Disbursement screen. |
| 4 | Documents Function | This function helps the user to capture relevant documents while performing a transaction. Currently, this function is available in Loan Activation screen. |
| 5 | Change Log Function | This function helps the checker to quickly understand what all values or data have been modified by the maker. |
| 6 | Delete Function | This function allows the user to delete a Servicing transaction either placed on Save & Close or when rejected by the checker. |
| 7 | Disbursement Enhancement | In Loan Disbursement screen, two new fields Rolled Over and Additional Principal would be displayed when a loan account of manual disbursement product is created through consolidated rollover function. |
Parent topic: Release Enhancements