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The credit bureau (CB) Account Type is determined first by identifying what Portfolio Type the account is which is based on Payment Method. Certain account types are only valid within certain portfolio types. Then, we look at the classification of the account, if Portfolio Type is M, then we look at the Insurer Code then General Category and lastly Collateral Code. All other Portfolio Types we look at Collateral Code only. These classification fields are found on the Loans > Account Information > Account Detail screen, Classification tab.

 

Explanation of Portfolio Type:

 

 

 

 

For example:

 

If the account is determined to be a Portfolio Type - M “Mortgage” and the FPS Insurer Code is 01 – FHA, the Account Type will be 19 – FHA.

•Else if the account is Portfolio Type - M “Mortgage” and there is NO FPS Insurer Code, but the FPS General Category is 1 – Real Estate First Mortgage, then Account Type will be 26 - CONVENTIONAL MORTGAGE.  

•Lastly, if the account is Portfolio Type - M “Mortgage” and there is NO FPS Insurer Code and the FPS GOLD General Category isn’t 1, 2, 10 or 11 but the Collateral Code is 001 – Single Family New, the Account Type will be 26 - CONVENTIONAL MORTGAGE.  

 

If the account is determined to be a Portfolio Type is I “Installment” and the FPS GOLD Collateral Code is 001 – Single Family New, the Account Type will be 02 – SECURED.  

 

Refer to the CDIA documentation for valid Account Types within Portfolio Type.

 

See below matrix for each Account Type within Portfolio Type:

 

If Portfolio Type = M “only”

 

 

ELSE

 

 

ELSE