How EODEM should be used to transfer data about a loan object from its lender’s database to its borrower’s database:
- Lender
- Object
- Entered in lender’s database
- Lender retrieves object in collections management system
- Lender presses EODEM export button
- EODEM file created
- Transfer
- Lender emails EODEM file to borrower
- Borrower
- Borrower receives EODEM file
- Borrower opens collections management system
- Borrower presses EODEM import button
- Object record stored in borrower’s database