Account Events
Different Account Events:
-
Deletion
- Only inaccurately reported accounts should be deleted.
-
Closure
-
Charge-Off
-
Reposession
-
Forebearance
-
Surrender
-
Collections
-
Foreclosure
-
Government Claim filed
-
Collateral Depreciation
-
Deed Received Mortgage
-
Collateral Released
Nice to know
- In order to report these events in Metro2, you will need to provide details about each event in the respective endpoints.
- In order for these events to be captured in the reporting cycle of a Furnishment, the event's effective date needs to occur before or on the statement date.
- If you know that an account might go into collections after a certain time, you can Future date the event to that event as long as it's within that reporting cycle.
- If an account is currently in foreclosure, but you know that they will be out of foreclosure in a week, you can future reverse that date for that current reporting cycle.
Updated 8 months ago