Are you still manually reinstating principal on your charge off loans? If so, then you know what a difficult process this is. What if this process could be automated??
The Premier® System has the ability to automate the process of reinstating principal. This is accomplished through the Auto Recovery Option. Activating this feature helps eliminate multiple manual steps required by the user. Very few users have a good understanding of this complex process.
Implementing the Auto Recovery Option to automate the reinstatement of principal requires the system to be error free in order for the automation to work properly.
If you would like to know more about the automation of this process with the Auto Recovery Option, please contact us @ firstname.lastname@example.org.