Loan Status Descriptions

Origination: The note has been signed and opened by CONNECT and payments are not yet due. Interest is not accruing.

Repayment: Payments are due and if interest is charged, it is accruing.

Repayment II: The note is open and due for payments but likely is past due. Contact CONNECT immediately to review your account.

Deferment: Authorized period during which a borrower is not required to make monthly payments.

PreOrig –Awaiting Signature: The application process has been completed but the contract has not yet been signed or e-signed.

PreOrig – Missing Disclosures: Required documents for compliance have been received by CONNECT. Contact CONNECT or your lender as soon as possible.

PreOrig – ESigned: The note has been e-signed and is in the process of being originated and open.

PreOrig – Cancelled: The note has been closed prior to signature. Contact your lender for more information.

PreOrig – Denied: Due to optional underwriting requirements set by your lender, this application has been denied. Contact your lender for more information.

Post Repayment: The account is delinquent and due for an outstanding balance. Contact CONNECT immediately to review your account.

Paid In Full: The note has been paid in full and no further payments are due.

Pre-Paid In Full: The note has been paid in full and no further payments are due.

Pending Cancellation: The note may or may not be due for payment. Contact CONNECT immediately to review your account.

Repay Cancelled: The note is closed and no payments are due. Contact your lender for more information about your account.