1. Loan Servicing User Guide
  2. Batch Transactions
  3. Advances
  4. Advance Entry Tab
  5. Reversing a Batch of Payment Transactions

17.2.1.4 Reversing a Batch of Payment Transactions

Following are the pre-conditions while reversing a Batch of Payment Transactions:
  • Only the batches with a status as POSTED can be reversed.
  • Only the batches with a status as HOLD can be opened.

To reverse the batch of payment transactions

Batches can be reversed in case of problems with the batch. This will reverse all advances that have been posted.

  1. On the Oracle Financial Services Lending and Leasing Application home screen, click the Servicing > Servicing > Batch Transaction > Advances > Advance Entry tab.
  2. On the Advance Entry screen, click All Batches in the View Options section. Details regarding the selected batch appear in the Advances section.
  3. Use the Batch section to search for and select the batch with POSTED status you want to reverse.
  4. In the Action section, click Reverse.
    The system changes batch status from POSTED to PROCESSING and submits batch to the job service. After the batch has been processed, the system changes batch status to REVERSE.
You can verify the reversal either using Transaction screen on Customer Service screen for each account in the batch, or by running payment history report.

Parent topic: Advance Entry Tab