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Step 4 – Complete Settlement

You're done monitoring your workout settlement in the Servicer Performance Profile.

If the settlement was a liquidation workout, you can check to see if you received your charge-off credit in the Detail Adjustment Report (DAR), or the Monthly Accounting Statement (MAS) if the settlement was a deed-in-lieu workout. 

NOTE: A preliminary DAR/MAS generates daily so you can follow up on settlements and file for reimbursement of expenses earlier. The final DAR/MAS is available via the Service Loans Application at the end of the month. It displays each loan for which an adjustment is due.

If you’ve received your charge-off credit and there are no discrepancies, your workout settlement is complete!

You can now submit expenses for reimbursement through the Reimbursement System.


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