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Electronic Lender Disbursement Reporting

TG is adding more convenience to its disbursement reporting process, converting its paper-based system to a Web-based tool. In July, TG will roll out the electronic Lender Disbursement Reporting (LDR). LDR will replace TG's monthly paper report for unreported disbursements. The last such paper report will be mailed in mid-July.

Benefits to customers
LDR will help reduce reporting time and simplify the reporting process for those lenders that do not use Common Account Maintenance (CAM) reporting.

Among other things, the tool also:

  • Provides a secure method of retrieving and updating disbursement information.
  • Saves time. Records displayed as unreported are updated nightly regardless of how the update was received, i.e., via CAM, by TG update, or through LDR.
  • Offers a simple, user-friendly Web interface that allows users to:
    • Limit results by selecting specific criteria with sort options by SSN or last name
    • Cancel disbursements
    • Cancel undisbursed loans
    • Reduce and report actual disbursement amounts
    • Change and report actual disbursement dates
  • Enhances data management with new reports, including:
    • Unreported disbursement detail report
    • Unreported disbursement summary report
    • Lender disbursement received results report

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