2 Metro II Data Preparation & Reporting
Oracle Financial Services lending and Leasing (OFSLL) supports the generation of Metro II electronic file to report the lender’s loan/line/lease account performance details to credit bureaus Experian, Equifax and TransUnion.
Please note that this document at present mainly addresses the Metro II reporting requirements from an automobile loans/ease or non-auto lease perspective only. Even though OFSLL supports the Metro II reporting for other products like Mortgage loans, Lease and line, CDIA 2022 upgrade (if any) for those products will be addressed in the subsequent release of this documentation. Also 2020 CARES act amendments that is published during pandemic has been addressed.
Following are the steps involved in generating the Metro II reporting file.
Table 2-1 Metro II Processing Stage and Process Details
| S.No | Metro II Processing Stage | Process Details |
|---|---|---|
| 1 | Setup configurations |
At this stage user needs to configure the following Metro II
reporting specific Lookups –
|
| 2 | Data preparation for reporting | During the daily execution of the batch ‘CBUUTL_BJ_100_02 (SET-ODD2)’, system populates the OFSLL database table ‘METRO_II_DATA’ with the information required on accounts for reporting. |
| 3 | Generation of actual reporting file | OFSLL generates the actual Metro II reporting file once the batch ‘CBUUTL_BJ_100_03 (SET-ODD2)’ is executed. System only refers above mentioned setup configurations and latest record available in METRO_II_DATA table for an account to create the data elements in Metro II reporting file. |