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.