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Origination Code |
  
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Navigation: Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab >
Origination Code
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Origination Code |
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Entry: System, list icon
F/M: Yes
Mnemonic: LNORIG
Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab
This field displays the code used to define the origination of a loan. The following are available codes:
Code |
Description of Origination Code |
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00 |
Origination code not used |
01 |
Construction - one year |
02 |
Construction - permanent |
03 |
Construction loan purchased - serviced by others - will not create statements, report to the IRS, or create loan event letters. |
04 |
Construction bridge (single family 1-4). These are loans to a builder for the construction of a pre-sold, 1-4 family residence. |
05 |
Construction speculation (single family 1-4). These are residential construction loans, except those to individuals to fund construction of their own home and construction bridge loans. |
10 |
Permanent |
15 |
Loan participations purchased - serviced by others -will not create statements, report to the IRS, or create loan event letters. |
16 |
Loan purchased - serviced by others - will not create statements, report to the IRS, or create loan event letters. |
20 |
Refinance - inside |
21 |
Refinance - outside |
30 |
Land acquisition development |
50 |
Other |