TranDotCom Loan Software
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Batch Renewal Module
Description:
TranDotCom has developed a comprehensive module that allows lenders to automatically renew a grouping of loans coming due for a day or set of days. The Batch Renewal Module allows many merchants to process thousands of eligible renewals in an expedited manner. The system reviews the loans to see if they are eligible to be renewed in the model that merchant operates. Furthermore, the system allows for enhanced rules to be applied automatically, including required principal pay downs on "x" renewal numbers.