Home >
Loans > Loans In Process > Parties To The Loan >
✉ 🖶

Adding Parties to the Loan

After the primary borrower is added, you can use this process to add additional parties.
  1. Select the Parties to the Loan node from the Loans In Process menu.
    The Existing tab appears.
  2. Select the Add New tab.
  3. Search for an existing customer by entering information into either the Short Name, Tax ID, Account Number, Telephone Number, or CIF Number fields.
    Note The system only allows you to search for an entity by name if the first name of the entity is entered in the Short Name field. You can search for individual customers by Last Name and First Name, but an entity search must always be performed by entering the first name of the entity in the Short Name field.
  4. Click Search or press the Enter key.
  5. Complete the following steps.
    Situation Steps
    When the customer is located
    1. Click the View icon next to a customer name.
    2. Review the customer's information.
      Note Click Return to Search to cancel the current inquiry and search for another customer.
    3. Select a Relationship Type.
    4. If the customer is set up as an Individual, but is a Sole Proprietorship, Trust, or LLC, select the Customer is a Sole Proprietorship, Trust, or LLC option.
      Tip A drop-down list appears if you select this option. To proceed to the Customer tab, you must select Sole Proprietorship, Trust, or Limited Liability Company from the list.
    5. Click Accept.
    When the customer is not located
    1. Click Add.
    2. Select a Customer Type (Individual or Entity).
      Note If Individual is selected, the Customer is a Sole Proprietorship, Trust, or LLC option is available. Select this option only if the customer is a Sole Proprietorship, Trust, or LLC. When selected, a drop-down list appears. To proceed to the Customer tab, you must select Sole Proprietorship, Trust, or Limited Liability Company from the list.
    3. Select a Relationship Type.
    4. Click Save.
      Note Click Return to Search to cancel the current process and search for another customer.
  6. Enter customer information in all or some of the following tabs. The information that appears is based on the transaction.
    Customer, Employer, Assets, Liabilities, and Housing
    Allows you to enter information related to the consumer application. The Employer Name also exports to the core system. The Employer, Assets, Liabilities, and Housing tabs are only available if the customer is an Individual.
    Doc Data

    Used to enter customer information to generate additional documents, when applicable. The information contained within this tab can expand based on the type of relationship.

    CAUTION
    Always review the Doc Data tab when completing a transaction.
    Signers
    The Signers tab is available for Entity customers or Individual customers established as a Sole Proprietorship, Trust, or LLC. This tab must be completed before you can proceed to the Characteristics node.
    Trustee
    This tab appears for a Trust or Revocable Trust, and is only available for relationship codes that are cross-referenced as Borrower. Data entered on the Trustee tab populates the Trustee tab in the Collateral node when the Borrower is the Owner of the Collateral option is selected on transactions set up for a Trust.
    Note The Parties to the Loan > Trustee tab only requires the Name field. However, if the collateral owner is the same as the borrower, and the CIF/Vendor icon was used to populate the Name field, then additional fields from the vendor file populate the applicable fields for records created on the Collateral > Owners > Trustee tab.
    CIF
    Houses secondary CIF fields and is completed based on bank policies.
    CIF Identification
    Information is entered such as driver's license, mother's maiden name, and foreign passport.
    CIF Messages
    CIF-level messages are entered for export to the core system.
    Note For a new customer, a CIF can be created by selecting Create CIF on the Customer tab. All tabs and fields that appear are customer-related. The majority of the fields are exported to the CIF. In addition, some of the fields are printed on documents.
  7. Select Save.
    Note When you select the Existing tab, the tab displays all relationships. The Additional Information section lists any relationships other than the primary account owner and is only used to export to the core system. When a CIF number exists, selecting Save exports the CIF information to core.
  8. Repeat this process to add additional parties.
    Note For all transactions, the number of parties in Parties to the Loan is limited to 20 borrowers, 20 cosigners, and 40 guarantors.
Parent topic: Parties To The Loan