1.1.6 Parties

This topic describes the information about the Parties stage.

The Party details are added for the application in the Entry Stage. The Parties stage screen is below.

Figure 1-15 Parties Screen

Description of Figure 1-15 follows
Description of "Figure 1-15 Parties Screen"

For information on the screen fields, refer to the field description table below.

Table 1-13 Parties - Field Description

Field Description
Party Type Select one of the options:
  • New - If selected, new party details can be captured as part of loan creation.
  • Existing - If selected, system defaults the party related details in the respective data segments.
Party Role Select the role the party is having during Loan creation.
Party Number Based on the Party selected, the information is auto populated.
Party Name Based on the Party Number selected, the party name is autopopulated.
Contact Role The Contact role added will have one of the Party roles mapped.

Parent topic: Loan Origination