Account Events
Different Account Events:
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Deletion
- Only inaccurately reported accounts should be deleted.
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Closure
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Charge-Off
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Reposession
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Forebearance
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Surrender
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Collections
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Foreclosure
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Government Claim filed
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Collateral Depreciation
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Deed Received Mortgage
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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 10 months ago