Original publication date: January 31, 2021
Question:
Does Arix check for duplicate loans?
Answer:
Yes.
When a partner sends a loan that has the same loan number (duplicate of a previous loan), Arix moves the loan to the status, ComplianceFailed.
Operations then contacts the partner to determine if they should approve or reject the loan. By default, Arix will check duplicate loan numbers for the previous 24 hours. That can be changed in the system configuration.