Create Organization Page

The Create Organizations page allows you to create a new child organization.

Wolters Kluwer Financial Services Administrators have the ability to create organizations at a level directly beneath the Root Organization. Financial Institution administrators can create organizations that are children of the organization with which they are associated.



Create Organization page for Financial Institution Administrators

The following table describes the features of the Create Organization page.
Note: Required fields are indicated on the screen with an asterisk.
Feature Description
Expand All Clicking this button allows you to expand all sections of the page.
Collapse All Clicking this button allows you to collapse all sections of the page.
Expand/Collapse Arrow Clicking this arrow allows you to collapse or expand only the associated section.
Parent Organization
This section appears only when creating an organization that is not a child to the Root Organization, and will always appear for Financial Institution administrators. This information contains the following:
  • Customer Number - the customer number of the parent organization.
  • Short Name - the preferred short name for an organization. For example, a short name for Vesstar Financial East could be Vesstar FE.
  • Legal Name - the legal name of the organization.
Organization Info
Customer Name Enter the organization's customer number.
Legal Name Enter the legal name of the organization as it appears on documents, for instance, Vesstar Financial.
Short Name Enter a short name. This name is any name that you wish to view within Wolters Kluwer Financial Services Administration. This name is not included in any document. For example, a short name of Vesstar could be used for the fictitious legal name of Vesstar Financial.
Term for Organization in Loan Documents Select the Term for Organization in Loan Documents. Options are:
  • Bank
  • Lender
  • Other

If Other is selected, an additional text field labeled Other Description is available to enter the desired term. This commonly prints on the Promissory Note.

Address Enter the address of the organization. A second field is provided for use when necessary.
Phone Number Enter the phone number for the organization. The standard 10-digit number is required.
Fax Number Enter the fax number for the organization. The standard 10-digit number is required. This is only available to Wolters Kluwer Financial Services administrators.
City Enter the city in which the organization is located.
State Select the state in which the organization is located.
Postal Code Enter the postal code. The standard 5-digit or 5+4-digit configuration is required.
800 Number Enter the organizations toll free number, if applicable.
County Enter the county in which the organization is located.
Licensed Products

This section provides the ability for Wolters Kluwer Financial Services Administrators to configure the products that have been licensed to the organization.

Financial Institution Administrators can only view the products that are licensed to the selected organization.
Charter
Organization Type Select the type of organization. Options are:
  • Credit Union
  • National Bank (default Option)
  • State Member Bank
  • State Non-member Bank
  • Savings Association/Savings And Loan
  • Savings Bank
Charter Select the Organization's Charter type. The default value is Federal. This item must be updated as applicable to the given financial institution.
Organization Description Enter how the Organization should be described for the Lender Signatures on documents.
  • For a Federal Charter: the Lender Signature is a concatenation of "a/an" plus the Organization Description. For example: if the user entered "National Savings Bank" for Organization Description, the signature would read "a National Savings Bank".
  • For a State Charter: the Lender Signature is a concatenation of "a/an" plus the Established Under state plus the Organization Description. For example: if the user entered "Savings Institution" for Organization Description and chose "Ohio" as their Established Under state, the signature would read "an Ohio Savings Institution".
Established Under the Laws Of Contains a list of states in alphabetical order to indicate what state the organization was established in. This field is only available when Charter is set to State.
SBA Info
FIRS ID Enter the FIRS ID Number for the Lender as assigned by the SBA PIMS system.
750 Date Enter the date the SBA Form 750 Loan Guaranty Agreement between the Lender and the SBA was signed.
Lender Status Select the Lender program the Lender is approved for. This value defaults to Lender Type on the “Options Data Fill-in” screen. Options include:
  • Certified Lender Program (CLP)
  • General Program (GP)
  • Preferred Lender Program (PLP)
Service Fees Agent Select type of Agent which the Lender is acting as found on the SBA Form 159. Options include:
  • Lender
  • Loan Packager
  • Loan Broker
Agent Information Enter contact information for the agent.
Note: Lenders must type your information again in the Agent section as it may or may not be the same as the organization level data.
Default Contacts

Here you can add the default contacts for the organization that Wolters Kluwer Financial Services products use at transaction time. Contact Types available depend on the products the Financial Institution has licensed.

Sections available for edit appear based on the products that the user has access to and the products the customer has licensed with Wolters Kluwer Financial Services.
Authorizing Officer Allows you to view and edit the person assigned the role of Authorizing Officer.
Responsible Officer Allows you to view and edit the person assigned the role of Responsible Officer.
Document Return To Contact The default person in the organization who receives returned documents.