Navigation:  Loans > Loan Screens > Loan Assumption Screen >

Seller Information tab

Navigation:  Loans > Loan Screens > Loan Assumption Screen >

Seller Information tab

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Use this tab to view and edit information concerning the current owner (seller) of the loan account being assumed by the buyer.

 

The first two names associated with the loan will be displayed on this screen, along with their associated Social Security numbers (or EIN) as entered through CIF. The seller's mailing address and phone number will also be pulled from CIF. If either the Create 1098 Record or Create 1099-INT Record fields are marked, the system will use this information to create the applicable IRS records. These records can be viewed in the GOLD Services > IRS GOLD system.

 

If the loan assumption record has not been created, or it has been created but not yet Processed, this tab displays all current year-to-date fields pulled from the loan record. If the loan has been Processed, these fields will display the values of the year-to-date totals as they appeared at assumption.

 

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WARNING: Buyer Information must be set up before entering information on any other tabs on this screen.

 

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Loans > Loan Assumption Screen, Seller Information Tab

 

The field groups on this tab are as follows:

 

Seller Name & Address Information field group

 

Year-to-Date Totals field group

 

This Year for Last Year field group

 

Seller Information field group

 

This Year for Next Year field group

 

Life of Loan Totals field group

 

Hold Codes field group

 

Insurance Codes field group

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