Collateral Core Code
Symitar, a software system powering hundreds of credit unions, uses collateral codes for all loan types regardless of whether they are secured or unsecured. In an effort to comply with industry standards, we needed a Symitar integration to provide options to allow the user to supply a collateral core code for every loan type defined in their system. The newly defined collateral code can now be sent to the Symitar core on loan approval, thus allowing banks another way to distinguish loan types.