Every loan is created under and attached to a single contact. Other contacts may be linked to an existing loan by using a Contact-Loan Relationship. The Contact-Loan Relationship codes are added from the Contact-Loan Relationships sub-category under Contact Setup. Each Contact-Loan relationship contains 16 user-defined fields, and these may be defined differently for each relationship code. Once the relationship code has been added, the code’s user-defined fields can be configured.

There is a checkbox in the Contact-Loan Relationship setup to indicate if the relationship represents co-borrower. A relationship code that represents a co-borrower will often be handled differently by the Credit Bureau reporting functions.

Credit Bureau Tab

Select the ECOA description, if any, to associate with the contact-loan relationship.