NLS 5.23 and 5.24 are packed with customer requested features and improvements.
NLS version 5.24 is focused on features that improve payment processing and adapting to rules and regulations at the state level.
Added an option in status codes setup to prevent the creation of ACH payments through the Borrower Portal.
Added an option to prevent one-time recurring card payments from being represented when the initial card payment fails.
Individual card payment return codes can now be specified to revoke all automated card payments for the loan or only for the associated card.
Added status code options to cancel all scheduled ACH and card payments.
Added the ability to set a threshold on the number of days out in the future a future billing can be created.
APR and interest
Added an option to set a maximum amount of interest that a loan can accrue over the life of the loan.
API and Scripting
Charge Off and Non Accrual Conversion Loan XML Import
Added additional attributes to
<LOANBALANCERECORD> element of XML import to support the importing of loans with charge off and non accrual loan status codes.
Added the ability to execute a script when the OK button is clicked in the Add Comments & Documents dialog.
Credit Bureau Reporting
The Term Duration as reported on a Metro 2 can be configured to report the current term due or the term due minus the number of deferments.
Seee all features and improvements for NLS 5.24 here.
NLS version 5.23 has many minor improvements around borrower management, communications, and security.
Added an option to show the contact addressbook relationships in its own tab in the contact view. The new Addresses tab is shown when the option to hide Addresses is unselected in Setup > Contact Setup > Contact Type > Options.
Added a new “ADDRESS” contact relationship type.
Payments due communications can now be configured to use a different template for specified number of days before and after the due date.
API and Scripting
The filename may now be specified for reports generated by NLS Service sent via SFTP.
Added the ability to filter items in the document print queue to print select batches.
Added a new Contact Called field to the collection result form for specifying the phone number of a contact relationship associated with the loan.
Added the ability to split the “oldest payment first” payment distribution override hierarchy so that items can be placed between the past due and current due distributions.
Added the ability to specify whether to use the payoff date or the close date when a loan’s sub-penny residual amount is cleared.
Added a new System Defaults setting for restricting user access to report parameters based on the user’s trustee privileges.