LP3 – Renew a Loan
Detailed Video on Loan Renewal
FB – Former Borrower Renewal
NC – No Cash Renewal (Customer has to pay to renew / refinance loan
BR – Borrower Renewal (Customer receives cash to renew / refinance loan
Edit High Credit – Increase the total amount customer can borrow
Loan Renewal Detailed Video
BR – Borrower Renewal (Customer receives cash to renew / refinance loan)
NC – No Cash Loan Renewal / Refinancing (Customer does not get cash to renew, they have to pay to renew)
FB – Former Borrower Loan Renewal / Refinance
Renewal to New Edit High Credit Amount. How to increase the total amount the customer and borrow and renew/make a loan to that amount.
Renew a Loan
- From the LP3 Main Menu Screen, click on Search Account at the top.
- On the Search Account Screen, enter customer info to find Customer Account.
- On the Customer Account Screen, click the RENEW button.
- Software will ask if you want to change the terms of the loan. If you would like to change the amount or terms. Select NO to keep the same
- Print the new loan contract for customer to sign
- Take payment for renewal or give cash back for renewal per details on paperwork
- Exit Customer Account back to LP3 Main Menu Screen, when finished.