Loans > Loan Screens > Credit Reporting > Beginning Credit Reporting

•OPT CBYT identifies the credit repositories to send the transmission to. You must supply GOLDPoint Systems with your subscriber (client) number for each credit repository. This information is used in the reporting transmission to identify your institution on the transmission sent to the credit repositories.

•OPT EXPR, TRNS, EQUI, and CCA3 store the subscriber number.

•The report of loans reported (FPSRP184) must be set up.

•OPT LTCB allows you to delay 60 days prior to reporting acquired loans to the credit repositories.

•OP02 MLSR allows you to report each branch using a different subscriber number instead of reporting all branches under the same subscriber number on the Credit Reporting Report and Transmission.

•Afterhours Update Function 73 must be set to "daily." Afterhours Update Function 73 automatically adds or deletes an action code and date in the Action Code and Action Date fields for delinquent loans. It also updates the Credit Bureau Account Status. This function only runs the business night before the due date day and at monthend. For more information, see Coding of Derogatory Credit Status.

See the Options tab for more information.