Managing Delinquency Buckets
This subsection describes the procedure of managing delinquency buckets in the system.
The user with the Admin role can define delinquency buckets that will influence a number of system reports and determine filters for the Collection workplace.
To set delinquency buckets:
1) In the option menu to the left, click Past Due Settings.
The Late Fees tab of the Past Due Settings area is displayed.
2) Click the Delinquency Buckets tab.
The Delinquency Buckets tab displays 4 past due periods set by default.
5) If necessary, edit intervals by specifying a required number of minimum and maximum days in arrears in each period.
Note: | Past due periods must not overlap. If a specified interval overlaps with adjacent intervals, range limits of these adjacent intervals get automatically modified: for example, if in the second interval, 60 is changed into 62, the next third interval will automatically start from 63. Thus, the system provides for synchronized settings of intervals. |
6) Add the check mark next to an interval that will signify that the loans are in default.
Note: | By default, the last interval is selected as "Default". |
Intervals marked as "default" determine the past due periods according to which loan applications will be filtered when selecting the Defaults menu item on the Collection workplace.
Note: | At least one interval must be selected as "default". |
7) Click Save Settings to save changes.
The confirmation message opens:
8) Click Yes to agree to conditions specified in the confirmation message and save changes.
After the changes have been saved, filters on the Collection workplace are automatically updated. The following reports displayed on the Reports workplace will be recalculated according to new settings:
Bad Rate Trend (risk reports);
Delinquency Performance (risk reports);
Delinquency Migration (risk reports);
Delinquency Performance (scoring reports).
The delinquency buckets have been set.