BANKRUPTCY PAYMENTS:
Process all Bankruptcy payments and Bankruptcy disbursements in minutes; including NDC. Accelaflow work queues allow users to provide posting instructions on cash items and view check images.
Accelaflow Bankruptcy Payments validates the loan BK status and determines payment terms from the system of record (e.g. MSP). It allows a servicer to incorporate all posting logic and posting hierarchy in one platform with real time integration to the host.
Debtor, Trustee, pre-petition, post-petition, stop and regular payments are processed and posted according to pre-defined business rules and user instructions. Work queues provide users with the means to review any exception and provide instructions for posting without having to manually handle physical checks or data entry.
BANKRUPTCY DISBURSEMENTS:
Bankruptcy Disbursement applies BK Debtor, Trustee, Plan 1 and Plan 2 suspense according to pre-defined business rules and the servicer's BK Suspense hierarchy.