Field

Description

Loan Funding Transactions list view table

This list view table at the top of this screen displays all funding transactions currently set up for your institution. This list view displays the Transaction Number, field mnemonic Name, and Description of each transaction.

Selecting a previously created loan transaction in this list view will populate the fields on this screen with that transaction's information. This information can then be edited for the selected transaction (with the exception of the Transaction Number field).

Click any column header to organize the list view by that column's information type.

Transaction Detail field group

Use this field group to view and edit information about loan funding transactions set up for your institution, as shown below:

Each transaction requires a debit from a field, G/L account, or Debits and credits can be made from either the loan account or a General Ledger account (G/L). Your institutions’ Autopost parameters are used in these transactions. Both Debit and Credit information must be entered for each loan funding transaction (for balancing purposes).

Loan funding transactions can be used individually or grouped together in sets. Sets are created on the Loans > System Setup > Loan Funding Sets screen.

Access to this screen should be restricted to individuals with a thorough knowledge of your institution's General Ledger, Autopost, and general accounting practices. See the field descriptions in the rest of the table below.

Transaction Number

Mnemonic: FNPOST

Use this field to indicate the institution-defined ID number of the loan funding transaction being created. This can be any number between 500 and 9999. Best practices match the Transaction Number and Loan Field Number (see below).

Description

Mnemonic: FNDSC

Use this field to indicate the institution-defined description of the loan funding transaction being created/edited. This should match the Description in the Debit and Credit Transaction field groups.

System Record/Field

Mnemonic: FNRTYP/FNFLD

Use these fields to indicate the system record and field mnemonic of the field affected by the loan funding transaction being created/edited. GOLDMiner lists all available system records in the Field Selection tab, then Main Record field, if you need help on what the four-letter code for a system record is. Also, you can search the Field Level Security help for the record.

Example

Debit Transaction Field Group

Use this field group to enter debit information for the loan funding transaction being created/edited, as shown below:

See field descriptions in the rest of the table below.

Debit Transaction Code

Mnemonic: FNTRAN

Use this field to indicate the debit transaction code being created/edited. The Debit and Credit Transaction Code fields allow you to enter a transaction code for the type of transactions the funding rule should process. You will generally need to enter transaction codes in both the Debit and Credit fields. The debit transaction will be offset automatically by a journal out and the credit transaction will be offset by a journal in.

Transaction code details

The following are common funding transactions. Not every institution uses the same transactions to open a loan. Consult your GOLDPoint Systems account manager for more details about the types of transactions needed to fund new loans. Also see Loan Transaction Codes in this help.   Tran # Description 680 Open New Loan 500 Field Debit 510 Field Credit 650 Prepaid Interest 1800 General Ledger Miscellaneous Debit 1810 General Ledger Miscellaneous Credit 430 LIP Disbursement 900 Amortizing Fee Debit 910 Amortizing Fee Credit   In the example below, the Open New Loan transaction (tran code 680) is offset by a Field Credit transaction (tran code 510) to the LIP undisbursed balance (field 98).     Note: The first funding transaction in every rule set is the Open New Loan transaction (tran code 680) in order to facilitate funding of the loan. Group the funding transactions together using the Loans > System Setup Screens > Loan Funding Sets screen.

Debit Loan Field Number

Mnemonic: FNFLD#

This field is used to identify which field in the Loan system should be posted to for the transaction code specified. Specific field numbers, when used with certain transaction codes, have been programmed to translate into designated loan fields.

Not all transaction codes require field numbers in order to post to loan amount fields (for example, tran codes 580 and 680 will automatically affect the principal balance and do not need to be designated with a field number to direct amounts to the principal balance field in the Loan system). However, some transaction codes must have a field number in order to identify which amount field in the Loan system should be affected (such as tran codes 500 and 510 which are simply field debits and credits).

For example, in the screen example below, "98" is entered in the Field Number field for transaction code 510. This translates into an increase (credit) to the LIP balance, found in the Undisbursed Balance field (LNLBAL). For a list of the field numbers, which loan amount fields they translate to, and their associated transaction codes, see Loan Field Numbers.

The second use for this field is to establish the purpose of the disbursements (tran code 430). Disbursement codes are set up on the Loans > System Setup Screens > Construction Budget Descriptions screen. When setting up tran code 430, you should set up the Transaction Number to be the same as the Loan Field Number (which should also match the disbursement code set up on the Construction Budge Description screen), as shown below:

Description

Mnemonic: FNTDSC

Use this field to indicate an institution-defined description of the loan funding transaction being created/edited. This should match the Credit and Transaction Descriptions.

G/L Account

Mnemonic: FNGLAC

If the transaction debits a General Ledger account, use this field to indicate the G/L number used by the loan funding transaction being created/edited. Not all transactions debit a G/L account number. Transaction codes 680 (Open Loan) and 1800 (G/L Debit) do require a G/L account number.

This field matches the format of the G/L account structure set up by your institution within the General Ledger system in GOLDVision. As you fill in each of the sub-fields of the G/L account number with the maximum number of characters, the cursor is automatically tabbed to the next field. The system will return an error provider if the account number you enter is not found or inactive in the General Ledger system. Valid G/L account numbers are established in the General Ledger system.

Parameter substitutions can be used in these fields. For more about parameter substitutions, see the Parameter Substitutions topic in the Autopost.

Reference Number

Mnemonic: FNREF#

Use this field to indicate the reference number that will appear in history and reports to identify the loan funding transaction being created/edited.

Whatever data is entered in this 8-character field will be assigned to the teller transaction in the Reference Number field. Additionally, this data will be sent to the General Ledger history in the Reference Number field if no summarization is requested through the G/L Autopost Recap Report (FPSDR016). The default entry in this field is "LNXXXXXX." This entry will automatically place the loan account number into the G/L Reference Nbr field. In addition, "LNXXXXXX" on G/L debit and credit transactions (tran code 1800/1810) will carry the loan account number to the General Ledger Autopost Resolution Detail Report (FPSDR205).

Credit Transaction Field Group

Use this field group to enter credit information for the loan funding transaction being created/edited, as shown below:

See field descriptions in the rest of the table below.

Credit Transaction Code

Mnemonic: FNTRAN

Use this field to indicate the credit transaction code being created/edited. The Debit and Credit Transaction Code fields allow you to enter a transaction code for the type of transactions the funding rule should process. You will generally need to enter transaction codes in both the Debit and Credit fields. The debit transaction will be offset automatically by a journal out, and the credit transaction will be offset by a journal in.

Transaction code details

The following are common funding transactions. Not every institution uses the same transactions to open a loan. Consult your GOLDPoint Systems account manager for more details about the types of transactions needed to fund new loans. Also see Loan Transaction Codes in this help.   Tran # Description 680 Open New Loan 500 Field Debit 510 Field Credit 650 Prepaid Interest 1800 General Ledger Miscellaneous Debit 1810 General Ledger Miscellaneous Credit 430 LIP Disbursement 900 Amortizing Fee Debit 910 Amortizing Fee Credit   In the example below, the Open New Loan transaction (tran code 680) is offset by a Field Credit transaction (tran code 510) to the LIP undisbursed balance (field 98).     Note: The first funding transaction in every rule set is the Open New Loan transaction (tran code 680) in order to facilitate funding of the loan. Group the funding transactions together using the Loans > System Setup Screens > Loan Funding Sets screen.

Credit Loan Field Number

Mnemonic: FNFLD#

This field is used to identify which field in the Loan system should be posted to for the transaction code specified. Specific field numbers, when used with certain transaction codes, have been programmed to translate into designated loan fields.

Not all transaction codes require field numbers in order to post to loan amount fields (for example, tran codes 580 and 680 will automatically affect the principal balance and do not need to be designated with a field number to direct amounts to the principal balance field in the Loan system). However, some transaction codes must have a field number in order to identify which amount field in the Loan system should be affected (such as tran codes 500 and 510 which are simply field debits and credits).

For example, in the screen example below, "98" is entered in the Field Number field for transaction code 510. This translates into an increase (credit) to the LIP balance, found in the Undisbursed Balance field (LNLBAL). For a list of the field numbers, which loan amount fields they translate to, and their associated transaction codes, see Loan Field Numbers.

For transaction code 910 (Amortizing Fee Credit), the Loan Field Number will be the amortizing Fee Code field (F1FEEC; loan posting field #25) found on the Loans > Amortizing Fees and Costs in CIM GOLD. The amortizing fee code can be up to four digits long.

Description

Mnemonic: FNTDSC

Use this field to indicate an institution-defined description of the loan funding transaction being created/edited. This should match the Debit and Transaction Descriptions.

G/L Account

Mnemonic: FNGLAC

If the transaction credits a General Ledger account, use this field to indicate the G/L number used by the loan funding transaction being created/edited. Not all transactions credit a G/L account number. Transaction code 1810 (G/L Credit) does require a G/L account number.

This field matches the format of the G/L account structure set up by your institution within the General Ledger system in GOLDVision. As you fill in each of the sub-fields of the G/L account number with the maximum number of characters, the cursor is automatically tabbed to the next field. The system will return an error provider if the account number you enter is not found or inactive in the General Ledger system. Valid G/L account numbers are established in the General Ledger system.

Parameter substitutions can be used in these fields. For more about parameter substitutions, see the Parameter Substitutions topic in the Autopost.

Reference Number

Mnemonic: FNREF#

Use this field to indicate the reference number that will appear in history and reports to identify the loan funding transaction being created/edited.

Whatever data is entered in this 8-character field will be assigned to the teller transaction in the Reference Number field. Additionally, this data will be sent to the General Ledger history in the Reference Number field if no summarization is requested through the G/L Autopost Recap Report (FPSDR016). The default entry in this field is "LNXXXXXX." This entry will automatically place the loan account number into the G/L Reference Nbr field. In addition, "LNXXXXXX" on G/L debit and credit transactions (tran code 1800/1810) will carry the loan account number to the General Ledger Autopost Resolution Detail Report (FPSDR205).