Comprehensive Income Report by Loan Officer and Branch

The detailed income reports, segmented by branch and loan officer, provide branch managers and executives with valuable insights to assess individual loan officer performance. This robust reporting toolkit empowers them to evaluate outcomes and enhance strategic decision-making. Key Highlights How to Access the Report Benefits of This Feature

Understanding Loan Schedules and How to Download Them

A loan schedule is a vital tool for both lenders and borrowers, offering a clear outline of repayment terms, including payment dates, amounts, and applicable interest. It helps borrowers plan finances effectively and ensures lenders can track repayments accurately. This promotes transparency, simplifies communication, and reduces misunderstandings. How to Download a Loan ScheduleWakandi makes it…

Modifying Loan Product

During loan application: Credit officers and loan approvers now have the ability to modify the loan product during the approval stage without needing to delete the application. This enhancement improves flexibility and efficiency when handling pending loans. In addition, we can also override the Credit Product Policy set to configure the grace period. This can…

Managing Dormant Members: Exit or Deactivation Made Easy

The feature allows organizations to manage dormant or inactive members more effectively by preserving their data for future reference instead of permanently deleting records. Why Exit or Deactivate Members?Exiting or deactivating members ensures compliance with organizational policies while maintaining accurate records. It’s particularly useful for handling members who become dormant or request to leave, allowing…

Loan Details and Reporting

Wakandi has introduced its Loan Details and Reporting features to provide a deeper understanding of loan information. The updated Loan Details section, visible on the member’s loan dashboard, now includes a detailed Arrears Breakdown, featuring: Loan Status Tracking In addition to the enhanced loan details, Wakandi now offers improved loan status tracking with a clear,…