In order to generate Due Diligence Mail, a processing job must first be created. Once created and saved, the job is run by a nightly batch process in order to generate the Due Diligence Mail. After the processing run is complete, a results entry is made that is accessed via the Due Diligence Mail function in order to review and print the job output. Optionally, a job setup option allows the job to be run immediately in a "Forecast Only" mode. When run in this mode, the system displays only a count of the borrowers that are in each Loan Age category.
This function is accessed by selecting the Due Diligence Mail Setup function from the drop-down box that appears in the Navigation Bar. When the Due Diligence Mail Setup function is selected, the Outbound Processing screen is updated as follows:
A "Due Diligence Mail Schedule" list is displayed, as shown in the example below. This is a list of all previously-created jobs for a given calendar year (if any), and their processing status. The user can select any of these jobs by clicking on the magnifying glass icon. Once a Due Diligence job has been selected, the job parameters can be updated and saved, or the job can be deleted, as long as that job has not been previously run to completion. This condition is indicated by the presence of a value in the Date Completed column of the Due Diligence Mail Schedule List. If the database contains job information for more than the current calendar year, the other years will be indicated by selectable links on the "Years Available" line (see the red-circled area in the following example).
If there are no Due Diligence jobs in the CLM system, the following message is displayed:
The Add icon in the function bar is enabled, thereby allowing the user to create a new Due Diligence Mail processing job.
The Due Diligence Mail Setup function enables the user to perform the following actions depending on their security profile:
Click on each of the above links for a more detailed description of each of these processing actions.