Along with recent Spring enhancements to AdvanTG Web and Loans by Web, TG has also introduced an enhanced version of its default management tool — the Integrated Default Assistant™ (IDA™). IDA is an online interactive application used to help schools, lenders, and servicers achieve successful default aversion goals for their TG loans.
IDA's query feature and pre-formatted reports, allow schools, lenders, and servicers to track and manage their TG cohort default rate performance by pinpointing student populations at risk of delinquency or default. IDA also offers customizable letters for notifying student borrowers of their status.
Based on customer feedback, TG has now added features to IDA to make the tool even more versatile and effective. Changes include:
To help users benefit from these enhancements and incorporate them effectively as a part of their institution’s default aversion program, TG has scheduled webinars that explain the changes and offer time for customer Q&A.