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CBR Evaluation Enhancements

The following enhancements are in addition to the 2016 requirements.

Minimum balance exclusion

The system compares the minimum balance required for reporting against the current principal bucket on the account. You can alter the test to use the current balance with the following caveats:

  • The test is a one-time occurrence that filters the account on the current principal and the configured minimum balance allowed.

  • Once reported, the account continues to report until finalized.

  • The test doesn't cause exclusion of the account once reported.

CBR exceptions

  • When a CBR exception excludes an account or debtor from reporting, the system removes the account from the pending file and adds it to the exceptions file.

  • The system adds an audit record to the "cbr_audit" table to allow the Work Form to display the correct status.

MasterChargeOff table

Added "SpecialComment" and "ComplianceCondition" to the "MasterChargeOff" table. These columns allow for special case reporting of initial values for first-time reports. The system retains these values until the evaluation determines a different value. The system uses "SpecialComment" and "ConsumerInformationIndicator" in the "MasterChargeOff" table to report default first-report values passed from the host. This feature is for first-party clients, primarily.

Master.SpecialNote

Repurposed "SpecialNote" in the "master" table to provide DA and DF forced statuses.

  • For first-party only, DA and DF accounts report accordingly, even if the account has never reported and is a new placement in Latitude. Clients now use "SpecialNote" to force a DA or DF on any account that has or hasn't reported previously.

  • Added "UpdatedDate" to the bankruptcy update trigger to enhance tracking. Knowing the date of change for the bankruptcy row is critical in troubleshooting data concerning time issues.

CbrReportExceptions

Altered and enhanced this view.

CbrReportEceptionsDtl

Added "CbrReportEceptionsDtl" view to provide more details regarding exceptions.

cbrdataexceptionsdtl ()

Added "cbrdataexceptionsdtl ()" function to provide exception detail at the account level for a single account.

OutOfStatute

Changed Federal "OutOfStatute" timeframe based on delinquency date to trigger inclusive of the day that passes the seven-year range. The system doesn't report "OutOfStatute" accounts. This feature is available using the "cbrdictionalry" table to allow the system to determine "OutOfStatute" from a time offset that prevents the account from reporting before the seven-year rule. Clients can now provide a time buffer for "OutOfStatute" (for example, 30 days) to prevent the account from reporting.

CBR Metro 2 history

The system assigns accounts not recorded in the "cbr_metro2_accounts" or "cbr_metro2_debtors" table a blank "TransactionType." This transaction type indicates a previously reported first-party account. Since the system evaluates charged-off accounts only, the system of record considers all accounts as previously reported.

First-party clients