| PublicationDate: 10/22/99 Summary: Tip of the Week: Verify Change Process in EDExpress 1999-2000 Author: CPS - Central Processing System (CPS) Posted on October 22, 1999 TO: All Destination Points FROM: CPS Customer Service RE: Tip of the Week: Verify Change Process in EDExpress 1999-2000 The Verify Change process in 1999-2000 EDExpress Direct Loan module allows you to resend the most recent loan origination change records for certain fields. You can use this process to resend changes to the Loan Origination Center (LOC) for the Loan Amount Approved and Anticipated Disbursements Gross Amount and Date fields. The Verify Change process is most useful in identifying modified origination records with a loan status of "B" (batched) or "A" (accepted by the LOC) where the LOC has rejected one or more of the modifications. For example, if you send a change record to the LOC to update the Loan Amount Approved for a loan and the LOC rejects the change because of outstanding disbursements, you can use the Verify Change process to resend the change once all disbursement transactions have been processed. You should only use Verify Change to resend changes if the LOC has rejected the changes previously. You can run the process by going to Process | Verify Change while on a student's Loan tab. EDExpress will ask you which fields you want to verify. If you have any questions regarding this EDExpress Direct Loan feature, please contact CPS Customer Service at 800-330-5947, option 3, or via email at CPS@NCS.COM. |