User Guide: Additional Features > Credit Bureau
NLS Interface
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Credit Bureau

NLS has the ability to create Metro 2 files for submission to credit bureaus. The reporting entity is defined in the loan setup. This entity can be associated with loan templates, loan groups, and loans. At the loan template and loan group, the reporting entity may be defined for all loans associated with those objects. For instance, if a reporting entity is defined at the loan group, all loans belonging to that loan group will report under that entity. Defining the reporting entity at the loan template allows for not only the reporting entity to be defined but also the Portfolio Type, Account Type, and Primary ECOA Code for all loans created with that template.

At the loan level, a user would add the loan to the reporting entity to be reported on a regular basis. The setup dialog, allows for the setting of the Portfolio Type, Account Type, and Primary ECOA code. These drop down lists include all available options that exist in the Metro 2 specifications.

In addition to the setup fields, the Loan View Credit Bureau dialog also contains the Special Comment and Account Status Codes that can manually be used to denote special situations like fraud or partial charge off. For ease of reading, the 24 Month Payment History is in a graphic representation showing what has been reported as of the last report date to the bureau. The override fields allow for the overriding of reported data for those special circumstances that may come up where correcting the transactional history is not possible.

Metro 2 files can be generated on cycles or months. When it is time to generate the file, select View > Processing > Transaction menu Processing > Transaction from the shortcut bar and generate the file. Once the file is generated it can then be uploaded directly to the credit bureau. All generated files will be saved in their entirety in the database for historical record. Any corrections or overrides will require a comment from the user making the correction along with the correction data elements.



Updated: 2018.03.26


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