Loans > Loan Screens > Credit Reporting > Credit Reporting Screen > Reporting Codes & Original Information tab

The fields in the Original Information field group on the Reporting Codes & Original Information tab on the Credit Reporting screen display the information of the institution that originated this loan. If you have proper security clearance, you can change information in these fields.

OriginalInformationlcr

The fields in this field group are as follows:

Field

Description

Original Creditor

Mnemonic: BUOCNM

This field can be one of two things.

•The first time the credit reporting record is created, if the Originated radio button on the Loans > Account Information > Additional Loan Fields screen, Origination/Maturity tab is selected, at monthend, your institution name is entered in this field.

•If the Purchased radio button is selected, you can manually enter the original creditor’s name in this field. (This would be used if you acquired the loan from another institution.)

See also: K2 Purchased From Sold To

Old Account Number

Mnemonic: BUOACC

This file-maintainable field contains the old account number for converted or acquired loans. The first time the credit reporting record is created, the old account number is pulled from LNOLD#. (The old account number (LNOLD#) is a field which is used at conversion or acquisition time. This field is displayed as Converted Account # on the Loans > Account Information > Account Detail screen, Account tab.

Prior Service Bureau Account Number

Mnemonic: BUCMSC

This field contains the old identification number from the previous loan servicing data center as it was reported to the credit bureau. See below for more information.

The first time the credit reporting record is created, the old account number from the prior service center is pulled from MLCMSC. (The old reporting identification number (MLCMSC) is a field that is used at conversion or acquisition time. It is not displayed on any screen, but once the new credit reporting record is created, it will be pulled into this field.)

Note: If you purchase a loan that was previously reported to a credit repository, you must enter the account number exactly as was used for reporting. The first time GOLDPoint Systems sends a tape, the loan is reported under the “old” loan number (using the L1 segment). The L1 segment notifies the credit repository that the loan will be reported under the “new” loan number in the future. The credit repository then updates its file so it won’t look like the borrower has two loans.

	WARNING: If the number is not entered correctly, the credit report could show 2 loans for the borrower.

If you purchase a loan that was not previously reported to a credit repository, you should leave this field blank.