What is Loan Replay™?

Peach's Loan Replay™ functionality allows for retroactive changes to loans and automatically recalculates a loan's history to reflect those changes. This means that if a change is needed on a loan, Peach can "rewind" to the relevant point in the loan's history, make the necessary adjustment, and then recast all subsequent events, recalculating balances and interest accruals. Of course, auditing is critical while the active state of the loan will show the relevant changes, the ledger is immutable and tracks the full evidence chain of the loan’s history and timestamped actions.

For example, if a payment fails after it was made, Loan Replay can account for the additional interest that would have accrued. Loan Replay also simplifies the process of applying changes retroactively, such as when a borrower makes an overpayment. This Loan Replay capability enhances the accuracy and efficiency of loan management by ensuring that loan data is always up-to-date and reflective of the actual loan activity, even when adjustments are needed after the fact.

Here are some key features of Peach's Loan Replay:

• Automatic Recalculation: Once a retroactive change is made, Loan Replay automatically recalculates the loan's entire history from the point of change. This includes updating interest accruals, payment applications, loan status, due or waived fees, and all other relevant loan data.
• Preserves Loan History: Loan Replay maintains a complete and accurate record of the loan's history, both before and after any retroactive changes.Accessibility: Loan Replay can be accessed through Peach's Agent Portal, providing a user-friendly interface for agents to make adjustments, or via API for automated processes.
• Use Cases: Loan Replay supports a wide range of use cases, including backdating payments, failing past transactions, and retroactively changing interest rates. This versatility makes it a powerful tool for managing loan modifications and ensuring data accuracy.

Loan Replay is a key capability that contributes to Peach's overall goal of providing lenders with a modern, flexible, and scalable loan servicing platform. Read more on how Loan Replay works with one of our founders, Eran Sandler. Looking for how Loan Replay works in your Peach environment, check out our Loan Replay technical guide.