Potential Loans to be Sold (1)

Description

Total Investment

Enter a dollar amount. When you move to the next screen, loans of this dollar amount will be pre-selected to be included in a package.

CU*BASE will calculate the number of months to select loans with equal to or greater than this calculated number of months.

Select Yes to only view loans 100% owned by the credit union on the next screen.

Loan Size

Select loans with a balance within the range entered. (CU*BASE uses the current loan balance from the MEMBER record.)

A credit union may wish to include many smaller loans instead of fewer larger loans in the package or vice versa. This determines the size of the loans that are listed on the next screen. Either the smallest loans will appear at the top of the listing, or the larger ones will.

Loan Status

Enter the loan open date to select loans opened on or before that date, format MMDDYY.

Selects loans with an interest rate within the range.

CU*BASE checks to see if the loan exists on the PLLOAN file. (If it does not, then the loan is 100% owned by the credit union.)

Credit Worthiness

Determines if delinquent loans will appear on the next screen. If delinquent loans are included, they will appear highlighted on the next screen.

Enter the maximum number of days delinquent.  Defaults to 0.

Select loans with a credit score of this amount or greater. The most recent score from the credit score history file is used and all owners on the loan are reviewed for the lowest score.

• NOTE: For a business/organizational account, CU*BASE checks the all the co-signer (ADSL) records (record #1, then #2, etc.) and uses the lowest score.

Select loans with a maximum DTI. (This is calculated based on when the loan was created.)

Collateral

Select loans with a LTV in the range entered. (CU*BASE selects the Loan-to-Value percentage for the first collateral record on file for the loan.

• NOTE: If a combined loan-to-value exists on the collateral, that % is used.

Indicates whether to use the current or pledged value of the collateral in the LTV range.  Default  is current value.

Optionally select to include all or just selected  Medallion Types (collateral type). Use the Select button to view a list of items. Select an item or hold down the Ctrl key and select multiple items or use F9-Select All to select all selections. Then use the Select option to return to the report generation screen. Use the filters on the top of the screen to narrow your selection – see filter directions.

Loan Type

Optionally select to include all or just selected of the following (business unit, loan category, loan officer, purpose code, security code, CU risk level, or Membership Designation.  Use the Select button to view a list of items. Select an item or hold down the Ctrl key and select multiple items or use Select All (F9) to select all selections. Then use the Select option to return to the report generation screen. Use the filters on the top of the screen to narrow your selection – see filter directions.

• NOTE: Online credit card loans will no longer be available to select from in the Loan Category selection window. Additionally, if a Business Unit is selected, any online credit card categories attached to that unit will be ignored.

• NOTE:  Loan officer selection window is actually the Underwriter ID and must match the Approval ID in order to be selected.

(Relevant only if viewing an existing package’s selectors.) Lists the dollar amount of the balances of the loans that are currently included in a package.

Description

Accesses your listing of existing packages so you can view or edit them.

(Appears if viewing the selections used when working with an existing package.) Use this to leave the package and return the screen to allow for the entry of new selectors for a new package.