Migration
Lending | Billateral Loan | Maintenance

Migration on loans involves transferring loan contracts, including contract details, bills (IDs, properties, amounts), and balance specifics.

  • Migration of a legacy system loan contract to the given product by providing the original contract date, principal amount, term, payment frequency and start date, etc.

  • Captures the bill information of the loan such as bill id, property names, bill amount etc. This is used to migrate the bills of a legacy contract which is migrated from other system & update the bill details

  • Captures the balance details of the mortgage loan such as balance type, due amount etc. This is used to migrate the balances of a legacy contract which is migrated from other system & update the balance details.