The Whole Asset Sales function is used to create and maintain pools of loans for investors. The user may select blocks of loans based on certain criteria and group them together in a pool. The pool of loans may then be sold to an investor while the loans are still maintained in Recovery Accounting.
The Whole Asset Sales option on the Navigation menu provides access to add, edit, view, and delete pools and investors. Once investors and pools have been established individual accounts may be associated with the pools using the Add/Remove Account From Pool transaction.
The Whole Asset Sale (Pool) view is displayed when the Whole Asset Sales option is selected. The Pool/Investor radio button toggles between the Whole Asset Sales (Pool) list view and the Whole Asset Sales (Investor) list view. If the Pool radio button is selected the Whole Asset Sales (Pool) view is displayed. This view is used to retrieve a list of pools for a specific bank and add, edit, view, or delete a pool. If the Investor radio button is selected the Whole Asset Sales (Investor) view is displayed. This view is used to retrieve a list of investors for a specific bank and add, edit, view, or delete an investor.