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Reporting Codes & Original Information tab

Navigation:  Loans > Loan Screens > Credit Reporting  > Credit Reporting Screen >

Reporting Codes & Original Information tab

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The Reporting Codes & Original Information tab on the Credit Reporting screen is used to enter Credit Bureau reporting codes and view Credit Bureau subscriber numbers.

 

See the following example of this tab, followed by field descriptions:

 

reportingcodesandoriginfotab

 

The fields on this tab are as follows:

 

Field

Description

Compliance Code

 

Mnemonic: BUCMCD

See Compliance Codes are more information.

Compliance Code Last Changed

 

Mnemonic: BUDT08

This field shows the date file maintenance was performed on the Compliance Code.

Special Comments

 

Mnemonic: BUSPCM

See Special Comment codes for more information.

Special Comments Last Changed

 

Mnemonic: BUDT09

This field shows the date file maintenance was performed on the Special Comment Code.

Portfolio Type

 

Mnemonic: BUPOTP

This drop-down list indicates the portfolio type and is determined by the payment method at monthend. See below for more information.

 

Consumer Tran Type

 

Mnemonic: BUCTTY

This field is no longer used in Credit Reporting. As of 2016, the Credit Reporting Resource Guide sent out by the Consumer Data Industry Association says the Consumer Transaction Type is obsolete. Remove any information in this field. If information is not removed, it will be ignored by the system when the Credit Report and transmission are generated.

 

The consumer transaction type is user-entered. The consumer transaction type provides a way to notify the repositories that a correction of name, address, or social security number was made on the account that month. This will allow the repositories to make file changes. These codes notify the credit repositories that changes are occurring to the file. File maintenance to this field writes to loan history.

 

Valid types on the drop-down list are as follows:

 

Consumer Transaction Type

Description

Blank

No customer information changes for this reporting cycle

1

Newly opened account, or new borrower associated with existing account

2

Name change

3

Address change

5

Social security number change

6

Name & address change

8

Name & social security number change

9

Address and social security number change

A

Name, address, and/or social security number change

 

If institution option OP28 CCTT (Clear Consumer Trn Type on Credit Report) is enabled, this field will be cleared. The transaction type will also not appear on the Credit Report (FPSRP184) and will therefore not be reported to Credit Bureaus.

Consumer Tran Type Last Changed

 

Mnemonic: BUDT11

This field shows the date file maintenance was last performed on the Consumer Tran Type (above).

Creditor Classification

 

Mnemonic: BUCRCL

This field identifies the type of lending institution that originated the loan. The default is “8” for the banking industry.

Original Information field group

See Original Information field group for more information.

Client Repository Subscriber Numbers field group

 

Mnemonic: BUEXPN, BUTUNN, BUEQFX, BUCCA

Use this field group to view your institution's subscriber numbers associated with the main four credit repositories. These numbers are entered through institution options set up by your GOLDPoint Systems account specialist. If the subscriber number field is blank, no information will be supplied to that credit repository. The four credit repositories represented in this field group are Experian (OPT EXPR), Trans Union (OPT TRNS), Equifax (OPT EQUI), and Innovis (OPT CCA3).

K2 Purchased From Sold To fields

See K2 Purchased From Sold To fields for more information.

Force Credit Reporting

 

Mnemonic: BUCRBO

When the Force Credit Reporting option is checked on charged-off accounts, those accounts will be included on the Credit Report and transmission (FPSRP184) sent to the credit bureaus to which your institution reports. The account will continue to be reported until you uncheck the box. See below for more information.

 

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