XpertOnline Update Coming Wed, July 21, 2021
Derog Indicator Update on PDF-Formatted Reports
We are planning to enhance the way XpertOnline handles collections and charge-offs for improved derogatory reporting for you and your clients.
With this enhancement, when an account status is reported as 09 or 9B from the preferred bureau, these accounts will now report as Collection accounts unless the phrase “Charge-Off” appears in the Narrative. If “Charge-Off” is present in the narrative, 09 and 9B-statused accounts will report as a Charge-Off.
This enhancement will make it easier to identify collections, and will be visible on your PDF-formatted reports including PDF Lender Report, PDF Explain Items, etc.