Operational FPD Logic in IntroXL
Based on historical operational requests and approved business rules, the First Payment Default (FPD) flag logic in IntroXL operates under a specific “cure” window. The logic has been fully tested, reviewed, and rolled out to related reporting to ensure accurate delinquency tracking.
- Cure Window: FPD can be cured up to and including the second payment.
- Permanent FPD Trigger: If any ACH or debit payment is received one day after the second payment due date (or later), the loan remains in FPD status.
⚠️ Return Reversals
If the second payment is initially successful (curing the FPD) but is later returned, the account immediately reverts back to permanent FPD.
🖥️ System Visibility
FPD visibility within this specific workflow is strictly report-based. It is not displayed broadly throughout the standard system UI elements.
📊 Integrated Reporting Scope
The updated FPD cure and reversion logic is reflected across the following reporting endpoints:
- Lead Summary
- Lead Detail
- Static Pool Reporting
This operational rule is highly useful because it distinguishes between a borrower who struggles with their very first payment but manages to stabilize their account by the second cycle, versus a borrower whose early repayment behavior remains fundamentally broken.
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