Navigation:  Teller System > Transactions > Loan Transactions > Loan Transaction Codes

This section lists all possible loan transactions in GOLDPoint Systems. Transactions are how the system changes amounts for loans. For example, loan payments require transactions, as do assessing fees and insurance premiums. Special security may be required in order to perform certain transactions, such as changing the amount of principal on a loan due to a fee charge.

 

The supervisor responsible for setting up CIM GOLDTeller for your institution needs to add any of the transactions your institution uses to the Transaction Menu in CIM GOLDTeller, as described in the Menu Design section in the CIM GOLDTeller User's Guide.

 

Corrections/Reversals

 

When processing a correction or reversal transaction, the tran code will have an "8" at the end. For example, if you processed a loan payment (tran code 600), a reversal or correction would be tran code 608, a field credit (tran code 510) would be 518, etc.

 

When reversals are processed, the system reads the history to determine the dollar amounts for each part of the transaction. For example, if a loan payment credited money to principal, interest, reserves, and late charges, the system reads the history to reverse everything exactly the way it was posted. It also requires items to be reversed in the exact order they were posted.

 

This is true for field credits and debits also (500 and 510 tran codes).

 

 

A report is available that shows all loan transactions that were processed on the date of the report. This report may also be set up as a "Teller Override" report, which shows transactions that were processed with a TOV (teller) or SOV (supervisor) override. For more information, see the Teller Posting Journal (FPSRP002) in the Loan Reports manual in DocsOnWeb.

 

Transactions are processed on accounts in three ways:

 

1.Through CIM GOLDTeller or the Transactions screens in CIM GOLD.

2.Automatically by the system in the afterhours.

3.Customer-directed account activity through your website or GOLDPhone.

 

If you would like information concerning Deposit tran codes or Other tran codes, see Deposit Transactions and Other Transactions.

 

Once a transaction is run, the Loans > History screen displays details concerning that transaction. Each transaction is recorded with a tran code, as shown in the following example:

 

 

The tran code, TORC (if applicable), amount fields (if applicable), and the correction tran code are listed in the following table. Amount fields are used in the Autopost, as explained in Financials > GOLD Services in CIM GOLD > General Ledger > General Ledger Autopost Overview.

 

Click the tran code link in the following table, when available, to learn more about fields on the transaction or other detailed information concerning each transaction.

 

 

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