User Guide: Additional Features > Pools
NLS Interface
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Pools

A pool is an aggregation of the loans of different borrowers, which have been combined for a specific purpose, such as to be resold into the secondary market.

The diagram below shows how pools fit into the structure and hierarchy of NLS.

In the example shown above, Mary’s Mortgage and John’s Mortgage have been placed in a pool for eventual sale to the ABC Lending Company. This pool exists under the contact for ABC Lending Company. Each loan is linked to the contact under which it was created (as normal) as well as the pool into which it has been placed.



Updated: 2018.01.04


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