Loan/process Types for Lines of Credit with Comml R/E

[Carol Spannagel]

I am wondering what loan types other JH users are booking your LOC’s that have real estate as collateral under? Are you using the revolving loan type or choosing something specific as owner occupied or investor. Do you only use the LOC loan types for working capital non-real estate. Thanks

[Monica Eppler]

Carol, We have a loan type for commercial lines of credit, not specific to real estate. But if the loan is a LOC and Real Estate secured, we would have a LOC loan type with the call code and collateral code as real estate. We use our commercial real estate loan type for term loans.

[Patty Birdsong]

We have separate commercial real estate and commercial non-real estate loan type codes for revolvers. It’s our collateral code that identifies type of real estate, including whether owner occupied or investor.

[Alaine O Williams]

Carol,

We do not use an LOC loan type for our commercial real estate lines. Instead, we book them all under a real estate loan type directly tied to the call code and collateral code and attach a standard LOC record as needed. The same is true for our commercial non-real estate term and LOCs.

[Carol Konold Murray]

No special loan types are used for LOC. We just attach a line of credit to the loan.

We only use owner occupied on consumer real estate loans.

[Donna Bergeron]

We have specific loan types for open end lines of credit that are commercial purpose and RE secured, we use a user defined field to reflect owner occupied or non. For our closed end commercial purpose RE secured loans, we use loan types to indicate.

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