The reports included in the hosted ODP Manager software should be used to support and encourage strong Overdraft Privilege program performance and compliance. By reviewing each report at the recommended interval, users can monitor and compare performance metrics over time.
On a daily basis, reports that address the addition and removal of overdraft limits should be reviewed. New accounts are included in the New Accounts Report to assess qualifying criteria for assignment of an OD Limit. The Overdraft Aging Report shows overdrawn accounts so that overdraft privileges can be suspended when an account meets the designated number of days overdrawn.
A monthly review of reports should focus on analyzing performance and maintaining adequate reserves. The Summary Report combines both a summary of overdrawn accounts and recommended reserves and a trend of overdraft limits and usage over time. Trends in NSF and OD fees and refunds are also displayed. Additional reserve reporting is included on the Overdraft Detail and Overdraft Aging Reports. Major metrics related to ODP program performance are summarized in the Utilization Analysis and Opt-In Impact Reports. The Utilization Analysis Report allows monitoring of the percent of accounts with an assigned overdraft limit. The Opt-In Impact Report allows users to review the percent of accounts opted in for Reg E both by branch and by product.
ODP Manager includes some reports that are used for less frequent reviews on a quarterly or as needed basis. Status Tracking and Heavy OD User Reports will assist your users in requalifying accounts not currently in the Overdraft Privilege program. Consistent usage of these reports may help make sure that accounts that now meet your qualifying criteria are reassigned limits and may improve the percentage of accounts that qualify for ODP. The Fresh Start Loan Tracking Report lists all accounts currently in a Fresh Start repayment plan status. The Letters Printed YTD Report can help your users assess the total volume of letters generated by template, month, and year.
Hosted ODP Manager reports can be viewed in the browser, exported to PDF, or to Excel. The data is updated each day after the daily extract file is imported. In addition to the most recently imported data, users can also access reports from the most recent seven As of Dates. Strunk can also set up reports to be archived in the hosted software automatically after each import.
Please contact Strunk Support at firstname.lastname@example.org with any questions or to find out more about using the reports included in ODP Manager.