Servicing Configuration

CL Loan provides you a default setup to be able to immediately operate your business. This includes setups like your company and users, user roles and profiles, default lending product types and associated fee set, and GL accounts. As a next step, you must configure the different lending products and their attributes, payment modes and structures, and associated fees and charges in order to service different types of loan and line of credit contracts. You must also set up your company and users, define your accounting functions, and schedule the jobs that process the transactions and activities created in the system towards the servicing of the contracts.

The sections of this chapters that follow explain the steps to complete each configuration in detail.