Configure Participation Loan Types
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Screen ID: Screen Title: Panel Number: |
UPLCTRL-01 Configure Participation Loan Types 2653 |
Access this screen by selecting Tool #266: Configure Participation Loan Types.
This screen is used to configure Participation Loan Type codes. These codes are assigned to individual participation loan accounts to help identify groups of loans and to use when printing reports.
It is recommended to set up a unique participation loan type code for government investor loans (Fannie Mae, Freddie Mac, FHLB).
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To create a new code, use Add (F6). To modify an existing code, select it in the list and use the Change (2) option.
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To delete a code, select it in the list and use the Delete (4) option. Codes that are tied to any participation loans cannot be deleted.
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To print a list of participation loan type codes, use Print (F5).
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.
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Participation Lending: Fannie Mae Secondary Market Loan Servicing
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Participation Lending: Freddie Mac Secondary Market Loan Processing