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This tab on the Investor Portal Loan Information screen displays basic credit reporting information for the customer. This information includes whether the account gets reported to the credit bureau, the account's current payment status, any special comments or compliance codes assigned to the account by the loan servicing institution, and the most recent date account information was changed.
Beneath the basic information fields, you'll see a 24 Month Payment Profile (see example above). A payment profile is basically a two-year calendar reported to credit repositories. It is updated automatically each monthend using information from the prior month. A code character is assigned to each month according to the account's status at the time of the update. A table is provided on this this screen, as well as on this help page below, explaining what each code represents in the payment profile:
Note For Loan Servicing Employees: This information is pulled from the Loans > Credit Reporting screen in CIM GOLD. |
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