What Is a Loan Register?
A loan register is an internal database of maturity dates on loans belonging to a servicer. The loan register shows when the loans are due and lists them in chronological order by maturity date.
How a Loan Register Works ?
Loan registers are also known as maturity tickers. They are important tools for in-house loan officers, who use them to create follow-up leads. Most servicers have dedicated teams for business retention; they use loan registers to determine which borrowers to target in mass mailings or phone campaigns.
For servicers, loan registers are essential to generating return business. These registers allow a company to revisit its existing clients at the exact time that they may be thinking of taking out a new loan.