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Loan Servicing Software Solutions  

Bottom Line Software, Inc.  

Rules for numbering loans and customer accounts.

 

Recommended Rules for loan and customer numbers

Make all customer numbers the same length. Make all loan numbers the same length.

If they are of different lengths, they not sort like you expect them to.

Loan numbers and customer numbers can be of different lengths.

Make loan numbers as small as possible to handle your needs but as long as necessary to handle your expected growth.

 If you have 100 loans and never expect to fund more than 999 loans use 1001 – 9999

If you have 1200 loans and expect to make a hundred loans a year for the next 20 years, use 10001 - 99999

 If you have a real need to you can prefix or suffix the numbers with one or two alpha characters.

You can also use completely alpha ‘numbers’. Example “ABCD”

Whatever you do, DO NOT use punctuation or spaces. 90% of support requests ‘lost’ loans or customers are caused by the user typing the wrong punctuation character or two spaces instead of one.

 

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