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Servicing controls repayment execution after a loan is active.

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Trigger

Loan transitions to CURRENT after origination/funding.

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State flow

  1. Generate schedule rows (expected installments)
  2. Register payment methods
  3. Process transactions (payments, disbursements, fees)
  4. Allocate payment components
  5. Update balance snapshots
  6. Evaluate payoff eligibility

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What changes in data

  • loan_schedule defines expected due dates and components
  • transaction records actual executed events
  • loan_balance stores principal, interest, fees, and payoff truth
  • payment_methods controls where funds are moved from/to

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Operational rule

Do not use schedule alone for financial truth. Use transaction plus loan_balance.

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