You should attend this workshop ONLY IF
- If you are originating lender in the co-lending arrangement
- If you have already executed OR on verge of finalizing co-lending master agreement with any bank
- If you are doing such arrangements directly without going through marketplaces
- If you are handling operations or finance at the NBFC
- If you are already aware of the day-to-day problems that you may face in managing co-lending
- If you are confused on how will multiple LMS be managed
In this workshop we will cover
Generating right repayment schedules (3)
- Handling day count convention difference – Bank follows Actual/365 but I follow 30/360
- Creation of repayment schedule when loan has already started and bank confirms after a month or more
- Handling of scenarios when the bank payment date is not aligned to the loans repayment date
Handling scenarios in receipts and rescheduling
- What happens in case of short payment by the customer?
- What happens in case of excess payment by the customer?
- How does the receipt allocation work in such cases?
- How to handle part pre-payment handled?
- How to handle rescheduling events?
- How is foreclosure handled?
Handling accounting
- How to handle co-lending accounting?
- Accounting in case of any rescheduling event
- Bank recon
- Generating payout reports?
- Managing dual LMS systems
Right solutioning for operationalizing co-lending ?
- Should you get your current LMS modified to handle co-lending?
- Should you replace your current legacy LMS with new age LMS supporting co-lending?
- Should you buy separate LMS to manage co-lending and continue with legacy LMS for remaining products?
- Should you deploy a separate LMS just for calculation purpose and continue using your legacy LMS for all loan products?
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