The Priority Loan Servicing System (priorityLSS) is the culmination of PTI’s vision for the student loan community. It completes the lifecycle requirements by providing complete loan management operations through paid-in-full status of the loan. priorityLSS is currently in development in the inception (scope identification and requirements gathering) phase. priorityLSS is a significant development project, with duration expected to go through 2009. The high-level features of the servicing system include:
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| For organizations interested in reviewing PTI's servicing system requirements, or in potentially participating in the development process, please contact us toll free at 866-PTI-CORP |
• Loan purchase/transfer
• Interest rates and interest accrual processes
• Letters and borrower notifications
• Reporting
• Accounting
• System maintenance/security
• Account status (school and grace) processing
• Transfer to repayment, calculating the repayment schedule and assigning the FPD
• Deferment/forbearance processing
• Account servicing
• Payment processing
• Late charge processing
• Claim processing
• Paid-in-full processing
