Summary: Tip of the Week: Verify Change Process in EDExpress
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
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