When booking a HELOC or an unsecured LOC, it is imperitive to use only the following purpose codes for each product:
Product |
Purpose code on LoansPQ |
Purpose code on CUnify |
HELOC |
HELOC |
RL |
Unsecured LOC |
Line of Credit Unsecured |
L |
OD LOC |
OD Line of Credit |
O |
Business LOC |
Commercial Line of Credit |
CL |
The highlighted purpose codes below are the only ones that should be used when booking a line of credit. If you use a difference purpose code from the ones listed below, the member will not have access to their line of credit on e-teller.
