Loans > Transactions

Transactions are initially set up in the CIM GOLD Loan system and then sent to GOLDTeller for final processing. Transactions are also processed automatically any time your customers make loan payments using your institution's website; afterhours transactions, such as amortization of fees and precomputed interest; or G/L balancing. The Loans > History screen records all transactions for a given account, as well as transaction origination information (TORCs). Transactions are recorded using a Transaction Code.

Many fields in CIM GOLD require transactions in order to update information. For example, the Principal Balance field is not file maintainable through CIM GOLD screens, but running a loan payment transaction causes the Principal Balance amount to decrease.

Important: Some loan transactions must be properly set up in the Loans > Transactions screen group before they can be used in CIM GOLD. See the CIM GOLDTeller User's Guide for further information about CIM GOLDTeller. See help for the History screen to learn more about viewing transaction history in CIM GOLD.

Transaction Codes

Transactions in CIM GOLD are recorded using a transaction (tran) code.

A report is available that shows all loan transactions processed on the date of the report. This report may also be set up as a "Teller Override" report, which shows transactions that were processed with a TOV (teller) or SOV (supervisor) override. For more information, see the Teller Posting Journal (FPSRP002) in the Loan Reports manual in DocsOnWeb.

Transactions can be run under any of the screens in Loans > Transactions. They can also be run directly through CIM GOLDTeller. See the following help topics for more information:

•Loan Transactions in CIM GOLD

•Loan Transactions in CIM GOLDTeller

TORCs

Accompanying many transactions is a Transaction Origination Code, or TORC. TORCs are how the system is able to automatically transfer loan payments, fees, etc., into the appropriate General Ledger acccount. TORCs signify where the payment is coming from, such as from an automatic, recurring loan payment, a Web payment, etc.

For example, tran code 600 signifies a loan payment, but the TORC may be different according to how the payment was made. TORC 4 is a Web payment by ACH. TORC 5 is a call-in payment by credit card. TORC 1 is a GOLDPhone payment by credit card. Each of those types of payments may be directed into different General Ledger accounts, according to the Autopost setup.

See the TORC help for more information.