Configure Participation LN Types (2)
Screen ID: Screen Title: Panel Number: |
UPLCTRL-02 Configure Participation Loan Types 2650 |
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Access this screen by entering a type code on the previous screen and using Change.
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.
Field Descriptions
Field Name |
Description |
Code |
If adding a new code, enter any 2-character code (letters and numbers are allowed). For an existing code, this field cannot be changed. |
Description |
Enter a description for this group of loans, such as “real estate participation,” etc. |
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