LoanStreet allows you to update the payment performance and whether the loan is in default at any time.
To update for any loan, first navigate to the Payments tab of a LoanFile. Once there, to update payment performance select “Payment Performance Status” and to update the default status, select “Default Status”.
The Payment Performance Index shows the historical changes to payment performance for each loan and can be updated by selecting “Report Change” in the upper right hand corner. Then select the effective date of the change and the applicable status, for example, 0 – 29 days, 30 – 89 days, or 90+ days.
The Default Status Index shows the historical changes to the default status for each loan and can be updated by selecting “Report Change” in the upper right hand corner. Then select the effective date of the change and the applicable status either No Outstanding Defaults or In Default.