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 by logging into 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.