Bulk Loan Payoff Tool

The Bulk Loan Payoff Tool automates Account Payoff transactions by interfacing directly with DNA via the Core API. The application processes batch input files containing loan account numbers, specified General Ledger (GL) accounts, and custom transaction descriptions. By establishing a defined effective date for each batch, the tool ensures precise fund application and reduces the operational risks associated with manual data entry. This streamlined approach makes the payoff process quick and consistent, ensuring data integrity between the source file and the DNA system.