Bulletin ID
DLB - 97 - 25
| PublicationDate: 7/1/97 BulletinID: DLB - 97 - 25 July 1997 DLB-97-25 Dear Colleague, As we approach the peak processing time for schools in the Direct Loan Program, we want to share certain procedures with Direct Loan schools that will facilitate efficient and expeditious processing of loans for your borrowers. Following the attached steps is essential and will enable the Loan Origination Center (LOC) to process your loan records quickly and with as little difficulty as possible. Failure to follow these steps may delay Direct Loan processing at your school. In addition, if you need to modify your own internal processes to fully comply with these steps, please do so as soon as possible. Any adjustments made within your own systems that will improve the successful transmission to and receipt of data from the new LOC in Montgomery will greatly improve your loan origination processes. The Department of Education and EDS are committed to providing the necessary support to ensure that peak processing goes as smoothly as possible. Your continued support, patience, and cooperation are greatly appreciated. IF YOU HAVE ANY QUESTIONS REGARDING THE CONTENTS OF THIS BULLETIN, PLEASE CONTACT THE LOC DIRECTLY AT 1-800/848-0978. Sincerely, Joe L. McCormick, Chair Direct Loan Task Force Attachment |