Configure Company Codes (1)
|
Screen ID: Screen Title: Panel Number: |
UPLCOMP-01 Configure Company Codes 4106 |
|
Access this screen by selecting Tool #264: Configure Particip. Loan Company Codes.
This record is used to define companies that service a credit union’s participation loans. An example would be a mortgage CUSO. If your credit union services its own participation loans, then no Company Codes need to be configured.
The Company Code is entered as a 3-digit alphanumeric code along with a description.
To create a new company, use Add (F6). To modify an existing company code, select the name in the list and use the Change (2) option. The screen below will appear. To delete a code, select it in the list and use the Delete (4) option. Company Codes that are tied to any participation loans cannot be deleted.
For complete details on the PL system, including configuring the necessary codes, creating participation loan records, processing investor settlement and using various reports, refer to the appropriate booklet.
-
Participation Lending: Fannie Mae Secondary Market Loan Servicing
-
Participation Lending: Freddie Mac Secondary Market Loan Processing