Navigation:  Loan Screens > Investor Reporting Screen Group > Loan Investor Fields Screen > Investor Loan Basics tab > Loan Pledged or Sold

Entry: User, drop-down list

F/M: Yes

Mnemonic: LNPLDG

Screen: Loans > Investor Reporting > Loan Investor Fields > Investor Loan Basics tab

 

Use this field to indicate whether the customer loan account has been pledged or sold to the investor. Leave this field blank to indicate that the customer loan is still owned by your institution.

 

If "Sold" is selected, the loan's investor information on this screen will be entered automatically when the loan is Service Released.

 

If “Pledged” is selected, the loan investor information may be changed on this screen, but the loan will not appear on any investor reports until its status is changed to "Sold." The Investor Collection Report (FPSRP046) and the LIP Investor Collection Report (FPSRP072) have options to include pledged loans.

 

SBA loans (as indicated in the Investor Identifier field on the Loans > Investor Reporting > Investor Master screen) that are not sold should have "Pledged" selected in this field.

 

For more information, see help for the Pledged for Collateral field on the Loans > Account Information > Additional Loan Fields screen.