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Setting Up Loan Participants for CRC

To set up loan participants for CRC, use the Create CRC Loan Participants component (SFA_CRC_DEST_ID).

Participants in the loan process include lenders, guarantors, and loan servicers. To streamline the loan process, identify all loan participants and understand their electronic loan processing requirements and agreements with your institution. The loan participants tables are not institution or aid year specific.

This section discusses how to set up guarantors, lenders, and servicers.

Page Name

Definition Name

Navigation

Usage

CRC Loan Servicers

SFA_CRC_DEST_ID

select Set Up SACR, then select Product Related, then select Financial Aid, then select Loans, then select CR CommonLine, then select Create CRC Loan Participants, then select CRC Loan Servicers

View, update, or add guarantor, lender, or servicer information that process loan certification request records with your institution.

Edit Address

EO_ADDR_USA_SEC

Click the Edit Address link on the CRC Loan Servicers page.

Edit or view guarantor, lender, or servicer address information.

Lender Contact Information

SFA_CRC_DESTCT_SEC

Click the Contact Address link on the CRC Loan Servicers page.

Edit or view the country, mailing address, and email address.

Access the CRC Loan Servicers page (select Set Up SACR, then select Product Related, then select Financial Aid, then select Loans, then select CR CommonLine, then select Create CRC Loan Participants, then select CRC Loan Servicers).

Image: CRC Loan Servicers page

This example illustrates the fields and controls on the CRC Loan Servicers page. You can find definitions for the fields and controls later on this page.

CRC (Common Record CommonLine) Loan Servicers page

Use this page to add your guarantors, lenders, and servicers.

Field or Control

Definition
OPEID (office of postsecondary education identifier)

Displays an eight-digit alphanumeric identifier assigned to a federal student aid participant by the Department of Education.
OPEID Type (office of postsecondary education identifier)

Displays the type of lending participant (guarantor, lender, or servicer) for which you are adding information.
Select Servicer

Indicates whether the loan servicer is selected to be an active business partner with the school. Select Yes or No.

Preferred Lender

Select this check box to make this lender available for self-service lender selection by the student.
Certification RQST Participant (certification request participant)

Select if the lender or loan servicer agrees to process loans using certification request.
Edit Address

Click to access the Edit Address page to review or update address information.
Contact Address

Click to review or update contact information.