Navigation:  Loans > Loan Screens > Credit Reporting  > Beginning Credit Reporting

In order to start reporting to a credit repository, you must complete the following steps.

1.Your institution must have a contract with each credit repository that you want to report to. Your GOLDPoint Systems account manager will enter the information in required institution options.

2.Several weeks before you want to begin reporting, submit a work order to GOLDPoint Systems requesting that Credit Reporting be activated. Include the following information:

•Request GOLDPoint Systems to set up your institution for credit reporting. Identify which credit repository to send the transmission to. You must supply GOLDPoint Systems with your subscriber number for each credit repository. This information is added to the reporting transmission, identifying your institution to the credit repositories.

•Include the name and phone number of your contact at the credit repositories, if possible.

3.Identify each loan that your institution wants reported by checking the Report To Credit Bureau field on the Loans > Account Information > Signature Loan Details screen, the Loans > Misc Secured F/M Data screen, or the Credit Reporting screen. (This can be accomplished manually or via a work order.) Only those loans that are checked will be reported. Usually, this box is checked as part of the Loan Pattern setup.

4.Set up employee security for the Credit Reporting screen in the Security > Setup screen, CIM GOLD tab. Set the Loans > Credit Reporting item to Maintain.