Loan Delivery User Guide

Transcription

Loan Delivery Application User Guide
Updated September 2016
© 2016 Fannie Mae. Trademarks of Fannie Mae.
Table of Contents
Chapter 1: Loan Delivery Overview ..................................................................................................................................... 4
Chapter 2: Getting Started ................................................................................................................................................. 12
Chapter 3: Loan Details Page ............................................................................................................................................ 22
Chapter 4: Delivering Whole Loan Commitments ........................................................................................................... 33
Managing Whole Loan Commitment Data ........................................................................................................................ 42
Submitting Whole Loan Commitments to Fannie Mae ...................................................................................................... 55
Correcting a Submitted Whole Loan ................................................................................................................................. 56
Deleting a Submitted Whole Loan ..................................................................................................................................... 57
Resubmitting Whole Loan Commitments .......................................................................................................................... 57
Generating Reports for Whole Loan Commitment Deliveries ........................................................................................... 57
Shipping Loan Documents ................................................................................................................................................ 60
Take the following steps to ship your loan documents: ..................................................................................................... 60
Retrieving the Purchase Advice ........................................................................................................................................ 61
Exporting Loan Data .......................................................................................................................................................... 61
Transferring Loans between Commitments ...................................................................................................................... 62
Chapter 5: Delivering MBS Pools ...................................................................................................................................... 65
Retrieving Pool and CUSIP Numbers ............................................................................................................................... 65
Importing Pool and Loan Data ........................................................................................................................................... 70
Managing Pools ................................................................................................................................................................. 77
Performing an Update of Data on Loans Within a Pool .................................................................................................... 90
Assigning a Custodian for a Pool ...................................................................................................................................... 95
Managing Wiring Instructions ............................................................................................................................................ 96
Deleting a Loan Within a Submitted Pool ........................................................................................................................ 108
Deleting a Submitted Pool ............................................................................................................................................... 110
Submitting Revised Wiring Instructions ........................................................................................................................... 112
Resubmitting a Pool ........................................................................................................................................................ 115
Shipping the MBS Loan Documents ............................................................................................................................... 115
Generating MBS Reports ................................................................................................................................................ 116
Tracking Certification Status ............................................................................................................................................ 120
Chapter 6: Loan Delivery Edit History Report ................................................................................................................ 122
Chapter 7: Additional Resources .................................................................................................................................... 124
Appendix A: Fields on the Commitment Details Page .................................................................................................. 125
Appendix B: Fields on the Loan Details Page ................................................................................................................ 127
Appendix C: Fields on the Pool Details Page ................................................................................................................ 172
2
Chapter 1: Loan Delivery Overview
Purpose
Loan Delivery is Fannie Mae’s official Web-based application that provides the ability to submit loans for Whole
Loan sale and Mortgage-Backed Security (MBS) pools to Fannie Mae. You can import or manually enter loan
and pool data, perform edits to facilitate error-free delivery, transfer loans between commitments or between
pools, track the status of loan deliveries, generate reports, and export loan and pool data for use elsewhere in
your organization.
Through the Loan Delivery application, you can:
■
Edit data against Fannie Mae business rules at the pool or loan level
■
Compare data submitted to Desktop Underwriter (DU) against your loan delivery data
■
Submit MBS corrections, wiring instructions and revisions, and request pool numbers
■
Retrieve Whole Loan commitment data
■
Search, filter, and sort data easily with enhanced capabilities for pool, commitment, and loan data
■
View the current certification status of pools, which is automatically updated (when your custodian uses
our Document Certification application).
Prerequisites
Before delivering loans to Fannie Mae via the Loan Delivery application, you should make sure that your
organization has:
■
One of the following web browsers: a minimum of Internet Explorer® 9.0 operating system, Mozilla
Firefox® Version 33, or Google Chrome™ Version 38.
■
Executed a custodial agreement with either Fannie Mae’s designated document custodian (the Bank of
New York Mellon) or other document custodian. Use Form 2010 for Bank of New York Mellon for Whole
Loan and/or MBS Form 2003 for all other document custodians when not using BNY Mellon for MBS.
■
Executed original Form 360 (Certificate Authority, Incumbency, and Specimen Signatures), which
designates the person(s) authorized to establish, change, or delete transfer instructions on your behalf
and a resolution.
■
Received 9-digit payee code(s) created by Fannie Mae. These will be assigned after Form 482 has
been executed.
■
Executed Form 1072 (Authorization for Automatic Transfer of Funds), which advises Fannie Mae that a
custodial account has been established in a depository institution that can be used for Fannie Mae’s
direct deposit of funds due to the lender, or direct withdrawal of funds due to Fannie Mae.
■
If the lender is servicing the loans or using a sub-servicer, the following forms are also required:
■
Form 1013 (Letter of Authorization for P&I Custodial Account)
■
Form 1014 (Letter of Authorization for T&I Custodial Account)
■
Data Access Authorization form (when using a sub-servicer)
Refer to the Fannie Mae Selling Guide for more details.
4
Registering for Loan Delivery
To obtain access to Loan Delivery for new users, contact your company's delegated Technology Manager
Administrator. Review the Technology Manager page on the web portal for more information on registration.
When you register for Loan Delivery, you automatically receive access to the Additional Data Elements (ADE)
application. Once you receive your user ID and password, you may begin using the Loan Delivery application.
For co-issue and third-party registrations, please contact your Fannie Mae Customer Account Team for details,
as additional forms may be required to establish appropriate access.
NOTE:
If you plan to carry out administrator responsibilities in Loan Delivery, visit the Technology Manager
page on FannieMae.com for more information.
Logging into Loan Delivery
To log into Loan Delivery:
1. On the FannieMae.com Home page, click Funding the Market and then select Single-Family
Business, followed by the Delivering tab. Select Loan Delivery under the Technology Applications &
Tools heading. The Loan Delivery Home page will appear.
2. Click LAUNCH APP. A new browser will open displaying the Loan Delivery Log In page. Hint: You may
want to bookmark this page in your browser.
3. Enter your Loan Delivery User Name and Password, and click Login. (To minimize risk, do not save
your password for security purposes.) The Loan Delivery Home page will appear.
4. If you have the Third-Party Deliverer user role in Loan Delivery, you can import or enter data on behalf
of a seller and manage that data within Loan Delivery. As a third-party deliverer you can view and
manage the data in which you import or enter on behalf of all of the sellers for whom you are authorized
to do business.
5.
Before you perform any actions on loans, pools, or commitments, please check to ensure you are
working with the correct data.
NOTE:
If you forget your password, go to the Loan Delivery Home page on FannieMae.com and select the
Need Help Logging In link to request a password reset.
5
Lender Contact Information
If you are a first-time user of the Loan Delivery application, you will be automatically directed to the Seller
Profile page to verify your contact information and select your Seller Number. Initially, Loan Delivery displays
the contact information you provided to Fannie Mae at the time of registration. If updates are required, you
change the information in the Fannie Mae database by contacting your Technology Manager Administrator.
To view your contact information:
1.
Click Seller Profile from the Loan Delivery application Home page.
2.
Select User Profile, Custodians, MBS Wiring Instructions, or Payee Codes to validate that your
information is accurate for each section. (This does not apply to new customers.)
6
Navigating the Loan Delivery Application
The following section describes some of the main features available on the Loan Delivery pages.
1. Search Options – Use this to search for a specific Lender Loan Number, Pool Number, Commitment
Number, or Fannie Mae Loan Number.
2. Search Criteria – After selecting which Search field you want, use this search tool to help you find
commitments, pools, and loans. (This field will auto-populate as you enter data.)
3. Main Navigation Area – This menu bar is used to access the Home page, Pool Management,
Commitment Management, Import Management, or Seller Profile sections.
4. Help Link – This area will navigate you to the Loan Delivery Business Rules Dictionary, User Guide,
New Loan Delivery Application page, Job Aids, and FAQs.
5. Important Banner Message – Provides important messages such as system enhancement or system
maintenance announcements.
6. Navigation Area – Each section will automatically navigate you to the area chosen.
NOTE:
If you click the FannieMae.com or UCD application links in the navigation area, a new window will
open for each.
Overview of Loan Delivery Buttons
Below is an overview of the basic buttons that appear on most pages throughout the application.
Button Name
Run Loan Edits
Description
Ability to save or open different reports, e.g. Edits CSV, MISMO® Data XML,
Loan Level Data CSV, or Fannie Mae Loans CSV.
View and/or save Schedule of Mortgages and Delivery Schedule Reports.
The user can run edits to ensure the business rules are applied.
Deletes the selected commitment, pool, or loan. When adding a new loan, the
Delete button is enabled after the loan is saved.
After all fatal edits are corrected, allows the end user to submit their pools or
commitments through the system to complete the transaction for loan delivery.
The business rules will run during the edit for loans under a pool or commitment.
Save and Run Loan Edits
Saves information entered on a page and initiates the running of edits.
Update All Loans
Allows you to make certain changes and apply the changes to all loans within a
pool or commitment.
Update
Allows you to make certain changes and apply the changes to selected loans
within a pool or commitment.
Export
Reports
Run Edits
Delete
Submit
7
Navigation Tips
Here are some pointers to keep in mind to help you navigate the Loan Delivery application:
■ The menu items in the main navigation bar will direct you to the Management page of each selected
tab. In addition, you may navigate to each menu option by clicking on the tabs from the Home page.
■
To return to a previous page, you can use the back button on your web browser or click one of the
menus at the top of the page.
■
From Pool Management, Commitment Management, or Import Management, you can use the Show
filter at the bottom of the screen to display up to 100 pools, commitments, or reports on the same
page (defaults to 15).
■
From each main screen you can use the page arrows at the bottom of the screen to navigate when
there are multiple pages available.
■
To sort items in a list by ascending or descending order, click the column headings with the blue
text. For example, from the Commitment Management page, you can sort commitments by
expiration date by clicking Expiration Date. Click Expiration Date again to sort in the opposite
order. Then, click Expiration Date a 3rd time to return to the original sort order.
■
Clicking items in blue allows you to navigate to related pages from the Commitment Management
page, i.e., you will be directed to the Commitment Details page for that commitment number.
■
You can use the Tab key on your keyboard to move forward through the fields. To move backward
through the fields, press and hold the Shift key, and press Tab.
Saving Information
The first time you manually enter a new loan, you must select Save. If you forget to click Save before leaving a
page, a message will be displayed prompting you to leave the page without saving the changes made. If you
do not want to save the information you entered, you can click Yes. Once the loan is in the system, you can
either save without running edits, or you can Save and Run Loan Edits which will also save the information.
Using the Search Tool
Loan Delivery provides a search method to help you to locate commitments, pools, and loans.
Search Function
Follow these steps to search using the Search function available at the top of the page.
1.
In the Search drop-down list, select Lender Loan Number, Pool Number, Commitment Number,
or Fannie Mae Loan Number.
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2.
In the next field, enter the applicable commitment, pool, or loan number and select Enter.
NOTE:
When searching, the field has an auto-find feature that will start to display any pools, commitments,
or loans with similar alphanumeric characters.
3.
You will be directed to the page containing the detailed information on the loan, pool, or
commitment you requested. If Loan Delivery does not find any results based on your search
criteria, a message will display stating “No Results Found.”
Filter Function
Follow these steps to filter certain criteria from the Pool Management, Loan Details, or Commitment
Management sections.
1.
In the Filter by area, you will have multiple options to filter by such as Amortization Type, Book
Entry Date, Certification Status, Closed Date, Closed Status, Wiring Instruction Status, etc. This
example is for MBS pools only. For Whole Loan commitments, the filter criteria options are
Commitment Type, Edit Status, Expiration Date, Fulfillment Status and Seller #.
2.
Choose the filter criteria you want (you can select up to 5 filters) and click Filter.
3.
To cancel or delete a filter, click on the “x” in the corner of the selected filter.
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County Code Information
In the unlikely event that Loan Delivery cannot match the property address to a valid loan limit, you must enter
a county code for the loan before you can submit the loan. If you need to locate a County Code, you can view
the list on the Loan Limits page on FannieMae.com under Resources and access the Loan Limit Look-Up
Table. The resulting comparison will determine if the loan is loan-limit eligible.
Additional Resources
For a list of frequently used codes and available drop-down values that are used throughout the Loan Delivery
application, visit the Loan Delivery page on FannieMae.com.
1.
On the FannieMae.com Home page, select Funding the Market and then select Single-Family
Business from the drop-down.
2.
Select the Delivering tab at the top of the page.
3.
Select Loan Delivery.
4.
If you have questions, please contact us in the following ways:
■
For help with Uniform Loan Delivery Dataset (ULDD), see ULDD page or Appendix D on
FannieMae.com.
■
For questions about the Uniform Closing Dataset (UCD), access the UCD page on
FannieMae.com including the UCD User Guide and getting started materials.
■
For technical problems with the application, call the Fannie Mae Single-Family Customer Contact
Center at 1-800-2FANNIE (1-800-232-6643), Option 1, Monday-Friday 9:00 a.m. to 8:00 p.m. ET
■
For questions about Whole Loan Commitments, extensions, and pair-offs, call the Capital
Markets Sales Desk at 1-800-752-0257.
■
For questions about MBS trading, contact the Capital Markets Sales Desk at 1-800-752-0257
■
For questions about Whole Loan Commitments and MBS shipping and delivery, contact the
Delivery and Custody Helpline at 1-800-2FANNIE (1-800-232-6643), Option 4.
10
Setting Up Print Preferences
To ensure the Fannie Mae logo prints in the top left-hand corner of your reports, follow these steps:
1. Open your browser. (This example applies to Internet Explorer® only. For Google Chrome™ or Mozilla
Firefox®, refer to your specific browser settings. )
2. Click Tools, then Internet Options.
3. Click the Advanced tab.
4. Scroll down to Printing and click the check box for Print background colors and images.
5. Click OK.
Logging Out
When you are finished using Loan Delivery, click Log Out in the upper-right corner of any page to exit the
application.
NOTE:
After a period of inactivity, the system will log you out for security reasons and your data will not be
saved. You must then log back in to continue using Loan Delivery.
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Chapter 2: Getting Started
Purpose
In this section you will find instructions for the steps you need to take after initial set-up and registration before
submitting loans to Fannie Mae. This chapter will show you how to create and manage your pre-defined
delivery selections, such as custodian information, wiring instructions, and payee codes.
Managing Custodial Information
Fannie Mae requires that certain documents relating to mortgage loans be held by Fannie Mae's designated
document custodian (DDC) or another custodian institution (called Document Custodians) that meet the
eligibility criteria established in the Fannie Mae Selling Guide.
If you (or an affiliate) have approval from Fannie Mae to act as a document custodian, you can set up and
maintain a list of frequently used custodians and their associated financial institution number (FIN) in the Loan
Delivery application.
NOTE:
Important: You must enter the custodian information into the system before you start to deliver to
Fannie Mae. This allows the selected custodian to receive copies of your data for certification.
Adding a Custodian
Follow these steps to enter a custodial institution into the application.
1. From the Loan Delivery application Home page, select Seller Profile, then select Custodians to be
directed to the Manage Custodial Information page. This page lists the custodial institutions which
you have stored in the application.
2. Click +Add.
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3. The Add Custodian page is displayed.
4. Enter the FIN (Financial Institution Number).
5. Select the appropriate Seller Number from the drop-down list.
6. Enter the Financial Institution Name of your custodian.
7. Select the Delivery Type from the drop-down list. The options are MBS, Whole Loan, or Both.
8. Click Save. Loan Delivery returns you to the Custodial Information Management page.
NOTE:
If your custodian is using Document Certification, you must use the assigned FIN to allow your
custodian to access and certify the pool.
Updating Custodial Information
Follow these steps to update information about a custodial institution.
1. From the Loan Delivery application Home page, select Seller Profile, and then select Custodians to
be directed to the Manage Custodial Information page.
2. Click Edit for the Financial Institution Number you want to update.
3. The Edit Custodian page is displayed.
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4. Make the applicable changes, and click Save. Loan Delivery returns you to the Manage Custodial
Information page.
NOTE:
After initial setup, you cannot edit the FIN or Seller number from this page. If this information is
incorrect, you must delete and re-add the custodian to Loan Delivery.
Deleting a Custodian
Follow these steps to delete a custodial institution.
1. From the Loan Delivery application Home page, select Seller Profile, and then select Custodians to
see the Manage Custodial Information page.
2. Click the box to the left of the Financial Institution Number you want to delete, then select
Delete at the far right.
3. The Delete Custodian page is displayed.
14
4. Click Yes to confirm the deletion. Loan Delivery returns you to the Manage Custodial Information
page.
Managing Wiring Instructions for MBS Pools
Loan Delivery provides two predefined wiring instructions to allow you to wire mortgage-backed securities
(MBS) to Fannie Mae. You cannot edit these predefined wiring instructions. However, if you want to have
MBS’s wired to institutions other than Fannie Mae, you can add up to 20 additional wiring instructions.
Adding Wiring Instructions
In addition to the two predefined wiring instructions, you may also enter user-defined wiring instructions that
you can assign to any of your pools. Follow these steps to add wiring instructions to the application:
1. From the Loan Delivery application Home page, select Seller Profile, then select MBS Wiring
Instructions to be directed to the Manage MBS Wiring Instructions page. This page lists the wiring
instructions that are stored in the application for you.
2. From the Manage MBS Wiring Instructions page, click +Add.
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3. Loan Delivery displays the Add MBS Wiring Instructions page.
4. Enter the Nickname, which can be anything you choose, such as lender Name and number, Dept.
Name, etc. (Required)
5. Enter the ABA Number (must be 9 digits). (Required)
6. Enter Telegraphic Abbreviation. (Required)
7. Select the appropriate Seller Number from the drop-down list. (Required)
8. Enter the Receiver Sub-Account. (Required)
9. Enter the Owner Account Name. (Optional)
10. Enter the Owner Account Number. (Optional)
11. Click Save. Loan Delivery returns you to the Manage MBS Wiring Instructions page.
Updating Wiring Instructions
Follow these steps to modify user-defined wiring instructions that are stored in the application:
1. From the Loan Delivery Home page, select Seller Profile, and then select Wiring Instructions to be
directed to the Manage MBS Wiring Instructions page.
2. Click Edit for the Wiring Instruction Number you want to update.
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3. Loan Delivery displays the Edit MBS Wiring Instruction page.
4. Make the applicable changes. You can modify any of the fields except for ABA Number,
Nickname and Seller Number. To make those changes you would have to delete and add
another, or simply add another Wiring Instruction.
5. Click Save. Loan Delivery returns you to the Manage MBS Wiring Instructions page.
Deleting Wiring Instructions
Follow these steps to delete a user-defined wiring instruction from Loan Delivery:
“
1. From the Loan Delivery application Home page, select Seller Profile, and then select Wiring
Instructions to be directed to the Manage MBS Wiring Instructions page.
2. Click the box to the left to select the Instructions you want to delete, then select Delete at the far
right.
17
3. The Delete MBS Wiring Instruction page is displayed.
4. Click Yes to confirm the deletion. Loan Delivery returns you to the Manage MBS Wiring
Instructions page.
Managing Payee Codes for Whole Loan Commitments
Payee codes tell Fannie Mae where to deliver your organization’s Whole Loan purchase proceeds. You can
assign payee codes at the loan level. For more information, see “Assigning Payee Codes” in Chapter 4.
You must use Loan Delivery’s Manage Whole Loan Payee Code feature to enter each payee code into the
application.
Adding a Payee Code
Follow these steps to enter a payee code into Loan Delivery:
1. From the Loan Delivery application Home page, select Seller Profile, and then select Payee
Codes to be directed to the Manage Whole Loan Payee Codes page. This page lists the payee
codes that are stored in the application for you.
2. From the Manage Whole Loan Payee Codes page, click +Add.
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3.
Loan Delivery displays the Add Whole Loan Payee Codes page.
4. Enter the Nickname which can be anything you choose, such as lender name and number,
Dept. Name, etc. (Required)
5. Enter the Payee Code. (Required)
6. Select the Seller Number from the drop-down list to which this payee code applies. (Required)
7. Click Save. Loan Delivery returns you to the Manage Whole Loan Payee Codes page.
8. Repeat this process as needed until you have entered all of the necessary payee codes.
Updating a Payee Code
Follow these steps to update a payee code:
1. From the Loan Delivery application Home page, select Seller Profile, then select Payee Codes
to be directed to the Manage Whole Loan Payee Codes page.
2. Click Edit for the Payee Code you want to update.
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3. Loan Delivery displays the Edit Payee Code page.
4. Make changes to Nickname and click Save. Loan Delivery returns you to the Manage Whole
Loan Payee Codes page.
NOTE:
Updating a payee code does not affect loans that are already stored in Loan Delivery. After initial
setup, the Payee Code and Seller Number are view only. To change that information, you must delete the
payee code and add it to the application again.
Deleting a Payee Code
Follow these steps to delete a payee code.
1. From the Loan Delivery application Home page, select Seller Profile, then select Payee Codes
to be directed to the Manage Whole Loan Payee Codes page.
2. Click the box to the left to select the Payee Code you want to delete and select Delete at the far
right.
20
3. The Delete Payee Codes page is displayed.
4. Click Yes to confirm the deletion. Loan Delivery returns you to the Manage Whole Loan Payee
Codes page.
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Chapter 3: Loan Details Page
Purpose
The Loan Details page allows you to manually enter and/or update and view your loan data after import. The
Loan Details page functions the same for both MBS Pool and Whole Loan deliveries, with minor differences.
This chapter provides some important information related to the Loan Details page.
Loan Details Sections
Whether delivering loans for MBS Pool or Whole Loan, the Loan Details page is essentially the same. There
are 10 different sections based on the loan characteristics. Depending on the loan characteristics, certain loan
sections as well as identified fields may or may not appear.
Below is a brief description of the sections and sub-sections in the Loan Details page. Refer to “Appendix B:
Fields on the Loan Details Page Listed in Order of Appearance” for a full description of each field on the Loan
Details page.
General Loan Information
This section contains general loan information, including Lender Loan Number, Seller Number, Servicer
Number, Fannie Mae Loan Number, Amortization Type, Mortgage Type, and DU Case Number (if applicable).
(See Fig. 1).
Indicators
This section contains the indicators for the loan. Indicators determine the required fields for a particular loan.
Some indicators will determine whether or not the Special Product section will be dynamically displayed at the
bottom of the screen. (See Fig. 1)
Fig. 1
Loan Terms
This section contains the fields related to the terms and balance, as well as the Special Feature Codes (SFCs)
of the loan being delivered. (See Fig. 2)
22
Special Feature Codes
Loan Delivery provides the ability to deliver up to 10 SFCs on a loan file either by manually entering the SFCs
or by updating the XML import file. (See Fig. 2)
■
Fannie Mae will send 6 SFCs downstream to the internal acquisitions systems. As such, Loan Delivery
will “prioritize” the SFCs.
■
In cases where more than 6 SFCs are submitted, Loan Delivery will prioritize the 6 that should be sent
downstream, based on importance and level of impact.
■
Loan Delivery will group SFCs into high priority categories (Charter, Trust, Pricing, Eligibility, etc.).
■
There are a number of auto-derived SFCs that will be automatically populated based on the root data.
Fig. 2
Underwriting
This section contains the fields related to the underwriting of the loan. (See Fig. 3)
Insurance
This section contains the fields related to the Mortgage Insurance for a conventional loan. (See Fig. 3)
23
Fig. 3
Property
This section contains the fields related to the subject property details. The section has many sub-sections. The
address is available in three views: (See Fig. 4)
■
Property Address: Up to 100-character Street Address, and up to 50-character City.
■
Scrubbed Address: System-generated, read-only. This is the United States Postal Service
(USPS) standardized address.
■
Abbreviated Address: System-generated, read-only. Up to 32-character Street Address, and up
to 15-character City.
Modifying a Property Address for Loan Limit Lookup
Loan Delivery looks up the property address and compares the returned loan limit to the Original Loan Amount
and Date of Mortgage Note to determine loan limit eligibility. The Loan Delivery application does not determine
final eligibility for jumbo-conforming mortgages or high-balance loans.
■
If the loan is loan-limit eligible, the loan will pass the loan-level loan-limit edits in Loan Delivery, and
will be available for submission barring any other fatal edits occurring.
■
If the loan is loan-limit ineligible, Loan Delivery displays a Fatal loan-limit error and you are not able
to submit the loan through Loan Delivery.
■
If the application is unable to look up the loan limit, you will get Edit 1007: County Code is needed.
The seller will need to call their Acquisition Operations Analyst.
County Code Lookup
If you need to locate a County Code, you can view the list on the Loan Limits page on FannieMae.com and
access the Loan Limit Look-Up Table. The resulting comparison will determine if the loan is loan-limit eligible.
Fig. 4
24
Appraisal Information
This section contains the fields related to the appraisal. If an appraisal is needed for the loan, these fields will
be required. (See Fig. 5)
Project Information
This section contains fields related to the project type. If the property is not a condominium or cooperative, this
section will not be required. This section contains fields related to the project if the Condo Project Manager™
(CPM™) system is not used. (See Fig. 5)
NOTE:
CPM is a web-based system that centralizes and documents condominium project reviews. For
more information, refer to the Condo Project Manager page on FannieMae.com in the Originating &
Underwriting section.
25
Fig. 5
Borrower(s)
This section contains fields related to the borrower(s). When there are more than two borrowers, Fannie Mae
encourages lenders to designate the borrowers with the highest and lowest representative credit scores as the
representative “Primary Borrower” and “Secondary Borrower.”
Primary Borrower Information
This section contains fields related to the primary borrower. The primary borrower can be an individual or a
legal entity. (See Fig. 6)
Borrower Mailing Address
This section is required only when the Primary Borrower’s mailing address is different from the property
address. This section appears when the “Mailing Address Same as Property” field is set to “No.”
26
Fig. 6
27
Secondary Borrower Information
This section contains fields related to the secondary borrower. The secondary borrower can be an individual or
a legal entity.
Co-Borrower Information
This section contains fields relating to the co-borrower. The co-borrower can be an individual or a legal entity. If
this section is not displayed return to the Borrower section and correct the Number of Borrowers.
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NOTE:
Loan Delivery allows up to four borrowers.
Contract/Commitment
This section is dynamically based on Whole Loan or MBS. (See Fig. 7)
Whole Loan Investor Information
This section contains fields related to the Commitments for Whole Loans.
MBS Investor Information
This section contains fields related to the Contract and Guaranty Fee Information.
ARM
This section contains fields related to Adjustable-Rate Mortgages (ARM). This section will not be displayed for
fixed-rate products. (See Fig. 7)
Other Financing
This section is dynamic based on the loan characteristics for the related loan. You will see either First Lien
Information when a second lien is being delivered, or Subordinate Financing when a first lien is delivered. (See
Fig. 7)
Subordinate Financing
Complete this section when there is a second lien in conjunction with the first lien being delivered. You can
deliver up to three second liens.
First Lien Information for Second Lien Loans
Complete this section when delivering a second lien. The first lien is the related loan.
Add Lien
This section contains the ability to add up to three subordinate liens.
If the field Lien Priority Type in General Loan Information section is “Second,” the First Lien
information for Second Lien Loans section is expanded.
NOTE:
29
Fig. 7
NOTE:
Format Errors - The Loan Details sections validate the format of the data as you move off the field.
Characters or values such as ñ, ú, and ü are not supported. If a formatting error is detected, an error
message will be displayed and you will not be able to tab to the next field/section/loan until the format error
has been corrected. You will not be able to save data with format errors.
Edits
Edit feedback messages based on the Loan Delivery business rules are displayed in the Edits section. These
messages can also be viewed on the Commitment and Pool Details Edit Results tabs. The edit number will be
displayed as well as the edit feedback message and severity. Severities are designated as red for Fatal and
yellow for Warning.
The edit results may change when data is modified and saved. The edits are displayed in order of severity,
with Fatal edits first.
The Loan Delivery Business Rules and Edit Dictionary provides information about the Loan Delivery business
rules featuring a complete listing of the edits within the application.
With the Save and Run Loan Edits option, you have the ability to run edits at the loan level to allow easier
confirmation of data changes and edit resolution. You have the option to save the data and wait to run edits
later.
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NOTE:
For information about the Loan Delivery edits, refer to the Loan Delivery Business Rules and Edit
Dictionary from the Loan Delivery Page on FannieMae.com.
DU Compare Tab
The DU Compare tab is read-only and is populated when a loan is delivered with a valid Desktop Underwriter®
(DU®) Casefile number, and there is a match with a loan in DU. To resolve DU edits, validate whether the loan
delivery data or the DU data is correct. If the DU data is correct, return to the Loan Details tab, make the
change(s) to the loan data, then run edits. If the DU data is incorrect, please consult with your underwriter.
When DU is updated, you will need to retrieve the updated DU data in the DU Compare tab.
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32
Chapter 4: Delivering Whole Loan Commitments
Purpose
This chapter explains how to use the Loan Delivery application to submit loans that meet the terms of your
organization’s Whole Loan Commitments.
Importing Commitment Data
The fastest, most efficient way to add commitment data to the Loan Delivery application is to import a data file
from your loan origination system. The file must be in loan delivery XML file format using the MISMO V3.0
2010-05 Reference Model, established under the Uniform Mortgage Data Program® (UMDP®).
For more information about the XML file format, refer to Fannie Mae Appendix A – Phase 2 XML Data
Requirements located on the Uniform Loan Delivery Dataset (ULDD) page on FannieMae.com, or refer to the
MISMO Version 3.0 Candidate Recommendation 2010-05 Reference Model at MISMO.org.
Follow these steps to import commitment and Whole Loan data:
1.
From the Loan Delivery application Home page, select Import.
2.
Select the Whole Loan Delivery tab (if not defaulted). The Whole Loan Delivery Import window is
displayed.
3.
If the commitment does not exist on your import file and you want to associate all of the loans in
the import file with the same commitment, enter your commitment number in the Commitment
Number field. (see figure below)
NOTE:
In the Commitment Number Override section, the number you enter will override any Commitment
Numbers that appear in the loan records in the import file. If you leave the Commitment Number field blank
33
on this screen, Loan Delivery will associate each imported loan with the commitment number in the loan
record. The Commitment Number must be valid or you will receive an error.
Select Click here to select file, then locate and select the file you wish to import from your
desktop or saved file storage area.
4.
NOTE:
Loan Delivery does not support characters or values such as ñ, ú, and ü on import. An error
message will be received indicating the particular field value has been made null (blank).
NOTE:
Troubleshooting File Import Issues
To troubleshoot a problem you encounter during the file import process:
Check to see if your web browser is set up properly for temporary files. If you use Internet Explorer®, follow
these steps:
1. In the menu bar in your browser, click Tools, then Internet Options. Ensure the General tab is selected.
2. Click the Settings button in the Browsing History section of the page.
3. Under Temporary Internet Files, make sure the Every time I visit the webpage button is selected.
4. Make sure the Current location shown for the Temporary Internet files folder matches the error message.
If not, click Move Folder and specify a new location for your Temporary Internet Files, then click OK.
5. Click OK to close the Settings window.
Once your browser is set up properly, clear the cache. Without closing the Internet Options window, follow
these steps:
1. Click the Delete Files button in the Browsing History section of the page.
2. Click the Temporary Internet files and Cookies check boxes.
3. Click Delete.
4. Click OK again to close the Internet Options window.
If you still have problems importing a file or if you are using Mozilla Firefox® or Google Chrome as your
web browser, please clear your cache. If you are still experiencing issues, call the Fannie Mae Technology
Support Center at 1-800-2FANNIE (1-800-232-6643), Option 1.
34
5.
NOTE:
6.
Click Import File.
At import, a schema check for file validations will run while edits are being checked.
When the system is running file validations, the Validating Data icon will display.
After the file validations are complete, the Import Report will be displayed.
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NOTE:
You can click on the commitment number to be directed to the Commitment Details page.
Below is a description of the Import icons.
Icon
Icon Definition
File successfully imported
File has errors; nothing was imported
File has errors; subset of pools/loans were imported
File schema is being validated
Edits are currently processing
NOTE:
Loan Delivery allows partial file imports. For example, if the file contains 100 loans and 3 validation
errors, the remaining 97 loans are imported. Therefore, you would only have to re-import the 3 loans that
failed after errors are corrected.
7.
To see a static view of the Import Report at any time, select Imports from the Loan Delivery
application Home page.
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8.
The Import Management page is displayed. Click on the desired report from the Reports column.
9.
The Import Report is displayed.
10.
To print or save an Import Status Report from the Import Management page, click on the Print
icon for the applicable report.
37
11.
NOTE:
The Import Status Report will be displayed in PDF format.
You can also import commitments from the Imports tab. Click +New Import and follow steps 2 – 7
above.
NOTE:
You can click the Commitment number hyperlink to be directed to the Commitment Details page.
Managing Whole Loan Commitments
To manage your Whole Loan Commitments, select Commitment Management from the Loan Delivery
application Home page or Commitments from the top menu bar.
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The following section provides the description of each field in the Commitment Management heading for Whole
Loan Commitments:
Commitment Detail
Description
Commitment Number
The identifier assigned when the lender obtained the commitment
Seller Number
The identifier Fannie Mae uses to identify the mortgage Seller that
is associated with the commitment
Expiration Date
The date of commitment expiration
Commitment Amount
Total amount of the commitment
Unsubmitted Loans and UPBs
Displays loans and their associated balances that have not been
submitted to Fannie Mae.
Entered Loans and UPBs
Submitted
Displays pending loans that are submitted and in process and
loans where processing is complete and funded
Remaining Balance
Displays remaining balance of the commitment
Remaining Balance %
Displays remaining balance percentage of the commitment
Edits
Displays loan-level edit
Status
Displays current status of commitment (e.g., Delivered, Processing)
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Commitment Management Tips
Here are a few important notes to keep in mind while managing your commitments:
■
Unfulfilled commitments that have recently expired or will expire within the next five calendar days
display the Remaining Commitment Balance and Expiration Date in red to alert you to take action.
■
On the Commitment Management page, you can sort your commitments in ascending or
descending order by clicking the associated blue column headings.
■
You can filter your commitments by Commitment Type, Edit Status, Expiration Date, Fulfillment
Status and Seller Number. You can filter up to 5 different levels.
■
Use the Search tool at the top of the page to locate a specific Commitment Number.
■
You have the ability to display up to 100 commitments on this page.
■
You can navigate forward and backwards to additional pages depending on the number of
commitments you selected to view on a page and where you are in the list.
Retrieving Commitments
In order to add a loan to a commitment, the commitment must exist in Commitment Management. If the
commitment is not available in Commitment Management, it must be retrieved.
1.
From the Loan Delivery application Home page, select the Commitment Management page,
and then select Retrieve Commitments to see the Retrieve Commitments page.
2.
On the Retrieve Commitments page, select the box next to the commitment number to be
retrieved and then click Retrieve Commitments. A message of “Success – Save of
Commitments Complete” is displayed.
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3.
The commitment will now be displayed on the Commitment Management page.
Correcting Commitment Data
Since Whole Loan Commitment data is automatically retrieved from the Pricing & Execution - Whole LoanTM
(PE – Whole Loan) system, you should not encounter any commitment-level errors. In the rare event that you
do, you will need to process the necessary changes in the PE - Whole Loan system.
Deleting Commitments
You can delete commitments that you decide not to submit to Fannie Mae.
NOTE:
When you delete a commitment, all of the unsubmitted loans associated with that commitment are
also deleted.
Loan Delivery checks to see if the commitment contains any submitted loans. Loan Delivery deletes the
loans that have not been submitted, leaving the submitted loans and the commitment intact.
The commitment is deleted from view. If it is still a valid commitment, you are able to retrieve it again if a
decision is made to deliver loans under it at a later date.
Follow these steps to delete a commitment:
1.
From the Commitment Management page, select the box next to the commitment number for
each commitment you want to delete and then click Delete at the top right of the page.
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2.
The Delete Commitment instruction page is displayed. Click Yes to confirm the deletion.
Managing Whole Loan Commitment Data
This section contains steps to help you manage your Whole Loan Commitment data.
Commitment Details Section
The Commitment Details section, located on the main navigation bar, displays information related to the
selected commitment.
The following are some of the main features available on the Commitment Details pages:
+Add Loan button – Provides the ability to manually enter a loan into Loan Delivery for a commitment.
Update All Loans button – Provides the ability to update the Payee Code on one or more loans in a
commitment.
Export button – Provides the ability to generate an exportable file with the following export options:
■
Edits CSV
■
MISMO Data XML
■
Loan Level Data CSV
■
Fannie Mae Loan Number CSV
■
Edit History CSV
Reports button – Provides the ability to request the Schedule of Mortgages and Edit reports.
Submit button – Provides the ability to submit one or more loans in a commitment.
Details tab – Provides the following Detail Information for the commitment (See “Appendix A – Fields on the
Commitment Details Page” for field definition):
■
Commitment Period
■
Commitment Type
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■
Remittance Type
■
Participation Percent
■
Plan Number
■
Mortgage Term
■
Required Yield
■
Required Margin
■
Servicing Fee
■
IRD Limit
■
IRD Percent
Loans tab – Lists all the loans for the commitment.
■
Provides options to Update loans, Run Loan Edits, Submit clean loans to Fannie Mae, and Delete
selected loans.
■
Provides the ability to Transfer loans from one commitment to another.
■
Sort your loans in ascending or descending order by clicking the column headings
■
Displays up to 100 loans on the page.
■
Provides the ability to navigate forward and backwards to additional pages depending on the
number of loans you selected to view and where you are in the list.
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Edit Results tab – Displays the total loan-level edit results for a commitment.
■
Features filtering options on Edit ID and Edit Severity.
■
Sort your edits in ascending or descending order by clicking the column heading topic.
■
Displays up to 100 edits on the page.
■
Provides the ability to navigate forward and backwards to additional pages depending on the
number of edits you selected to view and where you are in the list.
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Manually Entering Loans Into Commitment
To enter a loan manually into the Loan Delivery application for a commitment, follow these steps:
1.
From the Commitment Management page, click on the commitment number for the commitment
to which you want to add a loan.
2.
The Commitment Details page is displayed. Click +Add Loan.
3.
A blank Loan Details page is displayed. Enter the loan data that applies. See “Chapter 3 – Loan
Details Page” for a description of the sections and sub-sections in the Commitment Loan Details
page. Refer to “Appendix B: Fields on the Loan Details Page Listed in Order of Appearance,” for
a full description of each field on the Loan Details page. (Some fields will be defaulted values.
Please check for accuracy).
NOTE:
For a list of all available fields, refer to Appendix B: Fields on the Loan Detail Page Listed in Order
of Appearance.
4.
Click Save if you wish to save the data and continue to work on something else.
5.
Click Save and Run Loan Edits to save the loan and check if any potential business rules are
displayed.
6.
A list of edits will appear in the Edits box at the top of the page. This features the option to “pin”
the Edits box while scrolling through the Loan Details page by clicking the Pin icon at the top of
the page. This ensures that the Edits box remains visible as you scroll. Un-pin if you do not wish
to see the Edits box as you scroll.
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Data Entry Tips:
■
To expand or collapse the view of the sections, click either “Expand All” or “Collapse All” from the
top of the Loan Details page. Alternatively, you can expand or collapse individual sections. For
example, if you want to compare two sections, you can collapse the remaining sections, keeping
open only the sections you want to compare.
■
Use the “Tab” key to navigate to the next field or section.
■
Drop-down lists will include, when applicable, text values.
■
Loan-level edits will run when Save and Run Loan Edits is selected.
■
When adding a new loan, Lender Loan Number is a required field.
Correcting Loan Data
You must resolve any Fatal loan‐level errors before submitting your loans to Fannie Mae.
NOTE:
If you submit loans with an unresolved Warning error, Fannie Mae will infer that you have verified.
To correct a loan record, follow these steps:
1.
From the Commitment Management page, click on the desired commitment number.
2.
From the Commitment Details page, you can select the Edit Results tab, which displays the
complete list of edits for that commitment. Edits will be listed at the highest severity level initially.
You can click on the column header to change the sort by Edit ID, Severity, Loan Number or
Submit Status.
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NOTE:
The Edit Results tab allows you to view and resolve only the loans with edits, providing you greater
efficiency in navigating through edits and sorting by Lender Loan Number, Edit ID, or Severity sort.
3.
You can also select and resolve loans with edits from the Loans tab. From the Commitment
Details page, you can select the Loans tab which will display the loans for that commitment.
4.
Click the lender loan number if there is no date shown in the Submit Status column.
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5.
Loan Delivery displays the Loan Details page, where corrections are to be made. Click Save and
Run Loan Edits to save your changes.
A message will appear stating “Initiating Loan Eligibility.” If the edit process identifies errors in the
revised loan records, edits will appear in the Edits section.
NOTE:
6.
Continue to make corrections to the loan data until all edits have been resolved.
Deleting Individual Loans
You can delete unsubmitted loans from a commitment. To delete a loan without deleting the associated
commitment:
1.
From the Commitment Management page, click on the desired commitment number.
2.
The Commitment Details page appears. Select the Loans tab to display the list of loans.
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3.
Click the box beside the lender loan number(s) you want to delete, then click Delete.
4.
The Delete Commitment instruction page is displayed. Click Yes to confirm the deletion.
Assigning a Payee Code at the Loan Level
You can assign different Payee Codes to individual loans within a commitment. To assign (or reassign) a
Payee Code for an individual loan, follow these steps:
49
1.
From the Commitment Management page, click the commitment number containing the loan to
assign a Payee Code.
2.
The Commitment Details page is displayed. Select the Loans tab to display the list of loans.
3.
The Loans list is displayed. Click on the desired lender loan lumber.
4.
The Loan Details page is displayed. Select the desired payee code from the Payee Code drop
down feature, then click Save and Run Loan Edits.
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Performing an Update of Payee Code on Loans within a Commitment
You can use the Update All Loans feature on the Commitment Details page to perform an update to the payee
code for all the loans within a commitment. You can also perform an update to specific loans within a
commitment.
To perform an update for all loans in a commitment, follow these steps:
1.
From the Commitment Management page, click on the commitment number to be updated.
2.
The Commitment Details page is displayed. Click Update All Loans.
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3.
The Update Loans page is displayed. Select the desired payee code from the drop-down feature,
then click Save and Run Loan Edits. If you wish to cancel this process, click Cancel Updates.
To perform an update of specific loans within a commitment, follow these steps:
1.
From the Commitment Details page, select the Loans tab to display the list of loans.
2.
Click on the box beside the lender loan number, then click Update.
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3.
To perform an update of specific loans within a commitment, follow these steps:
1.
From the Commitment Details page, select the Loans tab to display the list of loans.
2.
Click on the box beside the lender loan number, then click Update.
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3.
NOTE:
If the Payee Code you need is not in the drop-down, you must manually enter it into Loan Delivery.
For details see “Managing Payee Codes for Whole Loans” in Chapter 2.
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Submitting Whole Loan Commitments to Fannie Mae
Loans entered into a Whole Loan commitment may be submitted to Fannie Mae in separate submissions until
the business day prior to the commitment expiration date. This task can be initiated at the commitment or loan
levels. Before you submit loans for processing, you should ensure that no Fatal errors remain. That is, the edit
status of all loans in the commitment must be “Passed” or “Warning” icons
To Submit a Loan to Fannie Mae
From the Commitment Management page, check the box beside the commitment number(s) you want to
submit and click Submit. A message of “Initiating Submission for Loans” is displayed.
1. The eligible loan was submitted successfully and has been assigned a Fannie Mae Loan Number.
The Commitment Management page displays a message confirming the submission and displays
updated information (Loans Submitted, Remaining Commitment Balance, etc.) for the submitted
commitments. The submission status on the Loan List page is also updated with the date and time of
submission for each loan submitted.
55
If the loan data is not successfully submitted, you will receive a message with details about why your
submission was unsuccessful.
Loan Delivery offers additional options for submitting one or more loans in the commitment to Fannie
Mae from the Commitment Details or Loan Details pages by clicking Submit.
NOTE:
An error message will be displayed if a loan contains an invalid Submit or Edit status.
Correcting a Submitted Whole Loan
On occasion, you may need to correct a loan in Loan Delivery that was already submitted to Fannie Mae.
Correcting Whole Loan data is a two-step process outlined as follows:
1. You must first make the correction to the data in Loan Delivery on the Loan Details page, then click
Save and Run Loan Edits.
2. After correcting the data on the submitted loan, you must send written instructions with your data
correction request via email to your Acquisitions Operations Analyst.
NOTE:
Be sure to include your Seller Number, Loan Number, and contact information in your request.
56
Deleting a Submitted Whole Loan
On occasion, you may need to delete a loan in Loan Delivery that was already submitted to Fannie Mae.
Deleting Whole Loan data is a two-step process outlined as follows:
1. To request a submitted loan to be deleted, you must send a written request via email to your
Acquisitions Operations Analyst.
2. Once your delete request has been completed by Acquisitions, your loan status in Loan Delivery will be
updated to “Approved for Resubmission.” Once the status has been updated, you may delete the loan
from Loan Delivery or modify the loan and resubmit. For more information, see “Deleting Individual
Loans” in Chapter 4.
NOTE:
Be sure to include your Seller Number, Loan Number, and contact information in your request.
Resubmitting Whole Loan Commitments
In certain circumstances, you may need to resubmit a loan in Loan Delivery. In these cases, you must first
obtain approval by a Fannie Mae Acquisitions Analyst. Follow these steps:
1.
Make the required changes to the loan data, if applicable, on the Loan Details page. The submission
status of the loan changes to “Data Modified After Submission.”
2.
Contact your Acquisitions Analyst; once he/she approves the loan for resubmission, the loan’s
submission status changes to “Approved for Resubmission.”
3.
Click Submit to confirm the submission. The loans submission status changes to “Submitted” with the
date and time in which the loan was resubmitted.
Generating Reports for Whole Loan Commitment Deliveries
You can use Loan Delivery to generate the Schedule of Mortgages and Edit reports from the Commitment
Management and Commitment Details pages. The following section reviews how to generate and display the
Schedule of Mortgages and Edit reports.
Generating the Schedule of Mortgages Report
Loan Delivery generates a PDF version of the Schedule of Mortgages report that provides the information with
the text values from Loan Delivery. The full Property Address as shown in the Property section of the
Commitment Details page will be displayed.
To generate the Schedule of Mortgages report, follow these steps:
1. On the Commitment Management page, click the box next to the commitment number for the report
being requested, then click Reports. A drop-down list will appear with the option “Schedule of
Mortgages” to select.
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2.
The Schedule of Mortgages report is displayed. Loan Delivery provides the option to open or
save the report as a PDF file.
Generating the Edit Report
To generate the Edit Report, follow these steps:
1. From the Commitment Management page, click on the commitment number for the report being
requested.
58
2. The Commitment Details page is displayed. Click Reports. A drop-down list will appear with the
option of “Edit Report” to select.
3. The Commitment Edit Report is displayed. Loan Delivery provides the option to open or save the
report as a PDF file.
59
NOTE:
For best results, print the report on legal size paper.
Shipping Loan Documents
Take the following steps to ship your loan documents:
1.
From the Loan Delivery application, submit the loans to be delivered.
2.
Send the entire document package. Refer to the Fannie Mae Selling Guide for a list of documents
you may need to include in the document package.
3.
To ensure timely funding, loan documents should be mailed in order of Lender Loan Number. In
addition, avoid the use of staples, folders, and paper clips to attach documents.
4.
If Fannie Mae’s document custodian receives the complete loan documentation package by 7:30
a.m. ET on the day following an error-free transmission of loan data, Fannie Mae will purchase
the loan and wire your proceeds by the next business day.
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Retrieving the Purchase Advice
The Purchase Advice includes your Whole Loan Commitment funding information. Fannie Mae will review your
loan data and loan documents to ensure that all loans are eligible under the terms of your commitment. Errors
and inconsistencies may cause delays while the information is corrected, or may result in the loans not being
purchased by Fannie Mae.
Once Fannie Mae’s designated document custodian has certified the loans and the loans have been
purchased by Fannie Mae, you will be able to retrieve the Purchase Advice the next day by using Fannie Mae
Connect.
NOTE:
After a loan has been purchased by Fannie Mae, the Loan List page will provide information about
the funding date and funding amount.
Exporting Loan Data
Exported loan data will be in XML and CSV format. There are five exporting options to generate a file: Edits
CSV, MISMO Data XML, Loan Level Data CSV, Fannie Mae Loan No. CSV, and Edit History CSV. To export
loan data for use in an in-house system, such as your investor reporting system, follow these steps:
1.
From the Commitment Management page, click the box beside the commitment number for each
commitment you want to export, then click Export and select either Edits CSV, MISMO Data XML, Loan
Level Data CSV, Fannie Mae Loan No. CSV, or Edit History CSV.
2.
The File Download page is displayed. Click Save File to save in Excel.
3.
Or click Open With for options to save in other formats.
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This function is also available from Commitment Details.
NOTE:
Important: If changes were made by your Acquisitions Analyst after submission, those changes
will not be reflected in Loan Delivery.
Transferring Loans between Commitments
You can use Loan Delivery to transfer loans from one Whole Loan commitment to another. Note that you
cannot use the Transfer Loans feature to transfer loans from a Whole Loan commitment into an MBS pool, or
vice versa. You also cannot transfer a loan that has already been submitted to Fannie Mae. If you have
submitted a loan and need to transfer it, you will need to work with your Acquisitions analyst to determine if the
loan is eligible to transfer and for resubmission.
NOTE:
Important: To transfer loans from a Whole Loan commitment into an MBS pool (or vice versa), you
must delete the loans from the system and then re-import them. You will need to work with your
Acquisitions analyst to determine if the loan is eligible to transfer.
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If you are a third-party deliverer, you should not transfer loans from one Seller’s portfolio into another
Seller’s portfolio. A Warning message will appear if you attempt to do this.
To transfer loans from one commitment to another, follow these steps:
1.
From the Commitment Management page, click the commitment number containing the loan to be
transferred.
2.
The Commitment Details page is displayed. Select the Loans tab to display the list of loans.
3.
The Loans list is displayed. Click the check box next to the lender loan lumber to be transferred and
click Transfer.
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4.
The Transfer page is displayed. Select the appropriate commitment number from the drop down list in
the Commitment for Loan Transfer field, and click Transfer.
5.
The Commitment Details page is displayed which now contains the transferred loan.
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Chapter 5: Delivering MBS Pools
Purpose
This chapter explains how to use Loan Delivery to submit MBS pools to Fannie Mae in fulfillment of your
organization’s pool purchase contracts.
Retrieving Pool and CUSIP Numbers
You must use the Loan Delivery application to obtain the pool and CUSIP for single-lender pools.
NOTE:
For Fannie Majors® the process is slightly different and follows in the next section.
Retrieving Pool and CUSIP Numbers for Single-Lender Pools
To request pool and CUSIP numbers for single-lender pools, follow these steps:
1.
Select Pools from the Loan Delivery Home page.
2.
Loan Delivery displays the Pools Management page. Select Pool Numbers to display the
Manage Pool Numbers page.
3.
The Manage Pool Number page is displayed. Click on the Retrieve Pool Numbers button.
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4.
The Request New Pool Numbers page is displayed. The data will default to the existing profile
information. You may modify the data as needed including the 9-digit Seller Number, Contact
Person and Number of Pools to be assigned. Click on the Get Pool Numbers button.
NOTE:
The system will default the Number of Pools to Assign to 1.You can modify the Number of Pools to
Assign field to request up to 99 pools. Updating the contact information on this page does not change the
user contact information stored in the system. For information about changing contact information, see
“Lender Contact Information” in Chapter 1.
5.
The Manage Pool Numbers page displays the newly assigned Pool Number Range.
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6.
Click the box next to the pool number(s) to export a text (.txt) file listing the pool and CUSIP
numbers.
7.
A pop-up box will be displayed with the exported pool and CUSIP numbers.
NOTE:
This example was is in Google Chrome™. Other browsers may require you to “Open with” or “Save
File.”
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Requesting Pool and CUSIP Numbers for Multiple-Lender Pools
If you are delivering loans into a Fannie Majors (multiple-lender pool), follow these steps to obtain pool and
CUSIP numbers from FannieMae.com.
1.
From the Loan Delivery Home page, select FannieMae.com.
2.
Select Funding the Market, then Single-Family. Then select the Pricing & Execution tab.
3.
The Pricing & Execution page is displayed. Click on the Pool and Deliver Loans for MBS link.
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4.
Click on the Fannie Majors Open Pools link in the Selling to Fannie Mae section.
5.
The Fannie Majors Open Pools page is displayed. Click the applicable pool description to see
pool and CUSIP numbers for open pools.
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Importing Pool and Loan Data
Once you have pool and CUSIP numbers assigned to a pool purchase contract, you can import pool and loan
data. The file must be in the loan delivery XML file format using the MISMO V3.0 2010-05 Reference Model,
established under the Uniform Mortgage Data Program® (UMDP®).
For more information about the XML file format, refer to Fannie Mae Appendix A – Phase 2 XML Data
Requirements, or refer to the MISMO Version 3.0 Candidate Recommendation 2010-05 Reference Model at
MISMO.org.
NOTE:
If your pool or loan information is not available electronically, you can enter it manually. For details,
see “Entering Pool Data Manually” in Chapter 5.
Follow these steps to import pool and loan data:
1.
Select Import from the Loan Delivery application Home page.
70
2.
Select the MBS Delivery tab (if not defaulted). The MBS Delivery Import window is displayed.
3.
If the pool number does not exist within your import file and you want to associate all of the loans
in the import file with the same pool number, enter your pool number in the Pool Number field.
NOTE:
The pool must exist in Loan Delivery before you can use the override option.
In the Pool Number Override section, the number you enter will override any Pool Numbers that appear
within the import file. If you leave the Pool Number field blank, Loan Delivery will associate each imported
loan with the pool number associated with the loan record in the import file. One of these two methods
must be used or you will receive an error message.
Pool numbers can include a suffix. The suffix, if any, should be specified immediately after the pool
number. If importing your loans the suffix is captured in a separate XML data point.
For more information on manually entering pool data, go to section “Entering Pool Data Manually” in
Chapter 5.
4.
Select Click here to select file, then locate and select the file you wish to import from your
desktop or saved file storage area.
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NOTE:
Loan Delivery does not support characters or values such as ñ, ú, and ü on import. An error
message will be received indicating the particular field value has been made null (blank).
NOTE:
Troubleshooting File Import Problems
To troubleshoot a problem you encounter during the file import process:
Check to see if your web browser is set up properly for temporary files. If you use Internet Explorer®, follow
these steps:
1. In the menu bar in your browser, click Tools, then Internet Options. Ensure the General tab is selected.
2. Click the Settings button in the Browsing History section of the page.
3. Under Temporary Internet Files, make sure the Every time I visit the webpage button is selected.
4. Make sure the Current location shown for the Temporary Internet files folder matches the error message.
If not, click Move Folder and specify a new location for your Temporary Internet Files, then click OK.
5. Click OK to close the Settings window.
Once your browser is set up properly, clear the cache. Without closing the Internet Options window, follow
these steps:
1. Click the Delete Files button in the Browsing History section of the page.
2. Click the Temporary Internet files and Cookies check boxes.
3. Click Delete.
4. Click OK again to close the Internet Options window.
If you still have problems importing a file or if you are using Mozilla Firefox® or Google Chrome as your
web browser, please clear your cache. If you are still experiencing issues, call the Fannie Mae Technology
Support Center at 1-800-2FANNIE (1-800-232-6643), Option 1.
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Click on Import File.
5.
NOTE:
You have the option of initiating another import of a file while the current import file is still
processing (known as ‘asynchronous processing’).
Once the system has completed running file validations, the Import Results and Validations report
will display as shown below:
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NOTE:
You can click on the Pool number to be directed to the Pool Details page.
Below is a description of the Import icons displayed on the Import Management page:
Icon
Icon Definition
File successfully imported
File has errors; nothing was imported
File has errors; subset of pools/loans were imported
File schema is being validated
Edits are currently processing
6.
To see a static view of the Import Report at anytime, select Imports from any page.
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7.
The Import Management page is displayed. Click on the desired Report from the Reports
column.
8.
The Import Report will be displayed.
9.
To Print or Save an Import Status Report from the Imports Management page, select the Print
icon for the applicable report.
10.
The Import Status Report will be displayed in PDF format.
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You can also import pools from the Imports tab using the +New Import button. Follow steps 2 – 6
after +New Import button is selected.
NOTE:
NOTE:
You can click on the Pool number to be directed to the Pool Details page.
File Import Tips
■
If numerous errors were found during the import process, it might be quicker to correct the data in
your own system and re-import the corrected loan file.
■
XML Import File Size: Loan Delivery will only accept a loan delivery XML import file with less than
10,000 loans or a total file size of 150 MB or less. Larger files can be compressed (i.e. zipped) prior
to import to improve upload time.
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■
If you imported a pool that already exists in Loan Delivery with a status of Submitted, the pool will
be rejected at import. The Import Status Report will indicate that the submitted pool must be
approved for resubmission before you can re-import the pool.
■
The Loan Delivery Import Report will indicate if your import file has passed or failed validations. It
will provide details as to why the file failed import. You must then correct the file and re-import.
Managing Pools
To manage your MBS Pools, select Pool Management from the Loan Delivery application Home page or
Pools from the menu bar at the top.
The following section provides a description of each field in the Pool Management heading:
Pool Management
Description
Pool Number
Number used to identity an MBS pool
Seller Number
The 9 digit number Fannie Mae uses to identify the mortgage seller
Issue Month
Month and Year of security issuance
Book Entry Date
Displays the date when you want the security to be issued
Loans
Displays number of loans in the pool. Loans in pools In Process and Not
Submitted as well as Submitted will be displayed in the column with an open
circle; and the closed pool information will be displayed in the column with the
closed circle.
Issues UPB (Unpaid
Principal Balance)
Displays the sum of the issue date of all mortgages included in the pool. Submitted
will be displayed in the column with an open circle; and the closed value will be
displayed in the column with the closed circle.
PTR (Pass Through Rate)
The rate at which interest paid by the borrower is passed through to the MBS
Investor (after deducting the lenders servicing fee and Fannie Mae’s guaranty fee).
Submitted will be displayed in the column with an open circle; and the closed value
will be displayed in the column with the closed circle.
Prfx (Prefix)
The two-character Fannie Mae prefix that identifies the type of mortgage product in
an MBS pool. The field only populates when the Pool is closed.
Edits
Displays the pool edit status
MBS Wiring Instructions
Displays the wiring status
Submit Status
Displays status of the pool submission
Cert. (Certification)
Displays status of pool certification from the Document Certification system
Closed
Processing complete by Fannie Mae
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Pool Details Section
The Pool Details section, located at the top of the page under the main navigation bar, displays information
related to the selected pool.
The following section describes the Pool Header information available on the Pool Details pages:
Pool Headers
Description
+Add Loan
Manually enter a loan into Loan Delivery for an MBS pool
Update All loans
Update certain fields for all loans within a selected pool
Use this drop-down feature to generate an exportable file with the format options
of Edits CSV, MISMO Data XML, Loan Level Data CSV, Fannie Mae Loan
Number CSV, and Edit History CSV
Use this drop-down feature to request the Schedule of Mortgages, Delivery
Schedule, and Pool Edits reports
Export
Reports
Save and Run Pool
Edits
Saves information entered on a page and initiated the running of pool and loan
edits
Submit
Allows submission of pools through Loan Delivery
Delete
Deletes the pool
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The following section describes the Details tab information available on the Pool Details pages:
Pool Details
Description
Save
Saves the information entered on the page
Cancel
Provides the ability to cancel updates to the pool
Pool Detail Information
Provides pool information including Pool Number, Seller Number, Servicer
Number, and Pool Type
ARM Information
Provides ARM information including Plan Number and Flex Indicator. Will
only be displayed if the Amortization Type is an ARM.

Pool Parameter
Add MBS Wiring Instructions: Provides the ability to add Predefined
 Save or Submit Revised MBS Wiring Instructions: Saves of submits
the wiring instruction
 Delete: Deletes the MBS Wiring Instructions
The default parameters are standard for the applicable product. If you
have a contract that allows different parameters, to modify, select the
Modify box and make changes and save.
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The following section reviews the main tab features available on the Pool Details pages. The GFeeBU/BD and Pool Corrections are dynamic in nature and will only display when applicable:
Pool Statistics – Displays the pool Statistics and Weighted Averages.
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GFee–BU/BD – Displays contracts, note rates, and net Guaranty Fee After BuyUp (BU)/BuyDown (BD) basis
points. For more information see, “Selecting Guaranty Fee BuyUp/BuyDown Options” section in Chapter 5.
■ Provides option to Save or Cancel.
■
Ability to select a BU/BD Option to calculate the applicable fee for every loan in the pool.
Loans – Displays a list of the loans in the pool.
■ Provides the ability to transfer a loan(s) to another pool.
■
Provides options to Update, Run Loan Edits, and Delete for all loans or selected loans.
■
Provides filtering options of Contract Number, Edit Status, or Note Rate.
■
Loans can be sorted in ascending or descending order by clicking the column headings; up to
100 loans will display.
■
You can navigate forwards or backwards to additional pages depending on the number of loans
you selected to view on a page and where you are in the list.
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Edit Results – Displays the total loan and pool level edit results.
■ Provides filtering options of Edit ID and Edit Severity.
■
Loans can be sorted in ascending or descending order by clicking the column headings; up to
100 loans will display.
■
You can navigate forwards or backwards to additional pages depending on the number of loans
you selected to view on a page and where you are in the list.
Pool Corrections – Provides the ability to add pool corrections for a pool that was previously submitted to
Fannie Mae. The Add button will only be displayed once the pool or loan data has been modified.
■ Displays the Correction Submitted Date, Submission Status, and Attention fields.
See “Chapter 5: Correcting a Submitted Pool” for detailed instructions on how to perform Pool
Corrections.
NOTE:
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Entering Pool Data Manually
If your pool data cannot be imported in an XML file, you can enter the information into the system manually. To
enter pool data manually into Loan Delivery, follow these steps:
1.
From the Pool Management page, click +Add Pool.
2. A new Pool Details page is displayed. Enter the necessary pool data, then click Save or Save and
Run Edits.
Selecting Guaranty Fee Buyup/Buydown Options
Loan level Guaranty Fee (or “GFee”) Buyups and Buydowns allow lenders to pool a wider range of note rates
under one MBS coupon. Lenders can buy up guaranty fees, meaning they agree to remit a guaranty fee higher
than the contractual fee in return for a one-time payment from Fannie Mae. Lenders can buy down or agree to
remit a lower guaranty fee than the applicable contract fee in exchange for a one-time, upfront payment to
Fannie Mae.
Fannie Mae offers two methods of selecting the amount of the buyup or buydown to accommodate various
business needs.
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Buyup/Buydown
Method
Automatic fit to
servicing fee
Customized
servicing Fee
NOTE:
When to Select
 You want Loan Delivery to calculate
automatically the guaranty fee rate
buyups or buydowns necessary to fit the
desired servicing fee rate you establish.
 You want to retain the same servicing
fee rate for all loans in a pool.
Select this option if you want to vary the
amount of servicing retained on different
note rates in the pool.
What to Provide Shippers







Copy of MBS pool purchase contract
Pool-Specific Information:
o Issue Date and Pass-Through Rate
Selection of ”automatic fit ” option
Desired servicing fee rate (at least the
required minimum servicing fee rate)
Copy of MBS pool purchase contract
Pool-Specific Information:
o Issue Date and Pass-Through Rate
Guaranty fee rate after buyup/buydown for
each mortgage note rate selected for
buyups/buydowns
The buyup/buydown functionality is limited to 20 contract IDs.
NOTE:
The Automatic fit and Customized options require that all the loans in the pool have the Contract
Number, Guaranty Fee Per Contract, and Guaranty Fee After APM entered in order for these options to be
enabled. To enter your Guaranty Fee After Buyup/Buydown Calculation option, follow these steps:
1. From the Pool Management page, click on the pool number for the pool that you want to enter the
Guaranty Fee After Buyup/Buydown Calculation.
2. The Pools Details page is displayed. Select the GFee - BU/BD tab. This tab will only display if there
is at least one loan allocated to the pool.
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3. The Guaranty Fee After Buy Up/Buy Down Calculation section is displayed. Select from the BUBD
Option drop-down feature to calculate the applicable guaranty fee for every loan in the pool.
4. If choosing “Automatic Fit”, the defaults of Min Guaranty Fee After Buydown (0 basis points) and
Max BuyUp (25 basis points) will be displayed. Click Save.
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NOTE:
For the Automatic Fit, all contracts in the pool will be listed. The lender would change the Min and
Max BUBD only if their contract allowed a different Min/Max.
5. If selecting Customized Fit, the unique Contract Guaranty Fee combinations of loans in the Pool
will be displayed. Within each Contract/GFee combination, the Note Rates from the loans in the
pool will be displayed. Enter the desired GFee after BU/BD for each Contract/Note Rate. Click
Save.
Correcting Pool-Level Data
To correct pool-level data, follow these steps:
1. From the Pool Management page, click on the pool number to see the associated Pool Details
page.
2. The Pool Details page is displayed.
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3. Enter your changes, then click Save and Run Edits.
NOTE:
Important: If any pool or loan data is changed after import (except for wiring instructions), the edit
status for the pool changes to “Not Edited,” and you must re-run the edits before the pool can be submitted
to Fannie Mae.
Deleting a Pool
You should only delete pools that you have decided not to submit. When you delete a pool, all of the loans
associated with that pool are also deleted from the system. If the pool has been submitted and you want to
delete the entire pool, you must contact your Acquisitions Operations Analyst.
To delete a pool (and its associated loans):
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1. From the Pool Management screen, click the check box beside the pool number for the pool you
want to delete and then click Delete.
2. The Delete Pool instruction page is displayed. Click Yes to confirm the deletion.
Reviewing and Customizing the Pool Parameters
You can use the Pool Parameter section on the Pool Details page to view and customize the default
parameters for a pool.
To review and customize the pool parameter values, follow these steps:
1. From the Pool Management page, select a pool number to see the associated Pool Details page.
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2. The Pool Details page is displayed. Review the information in the Pool Detail Information section to
ensure the proper amortization type is displayed. Click the box to the left of Modify in the Pool
Parameter – Fixed Rate section.
NOTE:
If you change the data on either the Pool Parameter or Pool Details page and attempt to exit
without saving, you will see a pop-up window asking “Are you sure you want to leave the page? Changes
will not be saved.” Click Yes to abandon your changes, or click No to resume your work.
3. Enter any necessary changes, then click Save and Run Edits to save your changes.
NOTE:
The pool parameters that display will vary based on the pool characteristics.
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Performing an Update of Data on Loans Within a Pool
You can use the Update All Loans feature on the Pool Details page to perform an update on certain fields for
all loans within a pool. You can also perform an update on specific loans within a pool. The changes you apply
on the Update All Loans tab will also appear on the MBS Loan Details page for all of the loans within the pool.
To update all loans for a pool, follow these steps:
1. From the Pool Management page, select the pool number to be updated.
2. The Pool Details page is displayed. Click Update All Loans.
3. The Update Loans page is displayed. Input changes in the applicable fields and click Save and
Run Pool Edits.
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Fields on the Update All Loans Page
Field Name
Description
Financial Inst. No.
Institution that maintains custody of mortgage documents for the loan. Select the
financial institution number from the drop down feature.
Lien Priority Type
Priority of the lien against the subject property. Select the lien priority type from
the drop-down feature.
Mortgage Type
The mortgage type for a loan; select from the drop-down feature.
Interest Accrual Method
Length of time of the interest accrual period. Select the interest accrual method
from the drop-down feature. (Month, Day, Biweekly)
Interest Calculation Type
Method used to calculate the interest of the loan. Select the interest calculation
type from the drop-down feature.
Calculated Issue Date UPB
Scheduled balance for MBS loans as of the issue date of the pool. Select “Yes” if
you want the system to calculate the Issue UPB for all loans in the pool.
Add Special Feature Code
(SFC)
Loan Delivery appends the SFC(s) you added to the end of the list of SFCs you
already specified for the pool. It does not overwrite any SFCs that currently exist.
To apply more than one SFC, you must add them one at a time. You can apply up
to 10 SFCs to any loan within Loan Delivery. Select the SFC from the drop-down.
Contract Number
Enter the contract number for the pool.
Remittance Day
Enter the day of the month the servicer will remit to Fannie Mae.
Default Loss Party
Party that bears the default loss for the loan. Select the default loss party from the
drop-down feature.
REO Marketing Party
Designates who owns or serves the property. Select the REO marketing party
from the drop-down feature (Investor, Lender).
Guaranty Fee Per Contract
Enter the base Guaranty Fee Per Contract.
Guaranty Fee After APM
Enter the Guaranty Fee After APM (Alternative Payment Method)
Guaranty Fee After BU/BD
Enter the Guaranty Fee After BuyUp/BuyDown.
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Use the fields on the Update All Loans page to make any necessary global changes to the pool. A
description of each field on this page is provided below:
4. You can verify the loans have been updated by selecting the Loans tab and viewing all loans.
To perform an update of specific loans within a pool, follow these steps:
1. From the Pool Management page, select the pool number.
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2. The Pool Details page is displayed. Select the Loans tab to display the list of loans.
3. Click on the box beside the lender loan number(s) for the loans to be updated, then click Update.
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4. The Update Loans page is displayed. Input changes in theapplicable fields and click Save and Run
Loan Edits.
5. You can verify the loans have been updated by selecting the Loans tab and viewing each loan
individually.
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Assigning a Custodian for a Pool
To assign a document custodian for a pool, follow these steps:
1. From the Pool Management page, click on the pool number to view the associated Pool Details page.
2. The Pool Details page is displayed. Select the appropriate financial institution number (or “FIN”) from
the Financial Inst. No. drop-down feature.
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3. Click Save.
If the custodian you want is not available, refer to “Adding a Custodian” in Chapter 2 for more
information.
NOTE:
Managing Wiring Instructions
Before you submit a pool, you can Create New Wiring Instructions or Add Additional Wiring Instructions for the
pool to tell Fannie Mae where to deliver the MBS upon issuance. (To add a user-defined wiring instruction, see
“Adding Wiring Instructions” in Chapter 2).
Loan Delivery includes two Fannie Mae default wiring instructions that cannot be edited:
■ Fannie Mae As Soon As Pooled (ASAP)
■
Fannie Mae CSTD
The MBS Wiring Instructions status column on the Pool Management page shows the wiring status for each
pool. Before you can submit a pool, the wiring status must be “Entered.”
Add Additional Wiring Instructions to a Pool
Follow these steps to add additional wiring instructions to a pool:
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1. From the Pool Management page, click on the pool number.
2. The Pool Details page is displayed. Click on +Add MBS Wiring Instruction.
3. The MBS Wiring Instruction section is displayed. Select the applicable wiring instruction from the
MBS Wiring Instruction drop-down feature, enter an amount in the Amount ($) field, then click
Save.
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4. A message will appear stating “Pool Successfully Saved.”
NOTE:
If the wiring instruction you want to assign to this pool is not included in the Wiring Instruction Nickname
drop-down list, you must first add it to Loan Delivery. For instructions on entering, editing, and deleting userdefined wiring instructions, refer to “Managing Wiring Instructions for MBS Pools” in Chapter 2.
NOTE:
If the MBS associated with this pool will be wired to more than one institution or account, the
system will keep a running total of the amounts assigned vs. amounts remaining and default the applicable
dollar amount for these accounts in the Wiring Instruction Amount field. For example, if the Total Pool
Issue UPB is $50,000; Wiring Instruction 1 will default to $50,000, which you can change. If the amount is
changed to $30,000, however, the 2nd wiring instruction will default to $20,000.
NOTE:
When adding or deleting a wiring instruction, the Edit Status of the pool does not change.
Deleting an Assigned Wiring Instruction
To delete (unassign) a wiring instruction from a pool, follow these steps:
2. The Pool Details page is displayed. Click Delete, then click Save.
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3. A message will appear stating “Pool Successfully Saved” This action deletes the wiring instruction
from the pool – not from your list of pre-defined wiring instructions set up in Loan Delivery.
Managing Loan-Level Data for a Pool
This section contains information to help you manage your MBS Pool data.
Entering Loan-Level Data Manually
If your loan-level data is not available as an electronic file, you can enter the information into the system
manually. If you imported your loan-level data into Loan Delivery, you also can manually correct the data.
To add loans to an existing pool by entering the loan data manually, follow these steps:
1. From the Pool Management page, select the pool number for the pool in which you want to add a
loan.
2. The Pool Details page is displayed. Click +Add Loan.
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3. A new Loan Details page is displayed. Enter the loan data that applies. See “Chapter 3 – Loan
Details Page” for a description of the sections and sub-sections in the Loan Details page. Refer to
“Appendix B: Fields on the Loan Details Page Listed in Order of Appearance,” for a full description
of each field on the Loan Details page. (Some fields will be defaulted values. Please check for
accuracy).
4. Click Save.
5. Click Save and Run Loan Edits.
6. A list of edits will appear in the Edits box at the top of the page.
Correcting Loan-Level Data in a Pool
To view and correct loan-level data with Fatal or Warning edits, you must first locate the loan and then enter
the necessary changes into the Loan Details page.
To correct a loan record, follow these steps:
1.
From the Pool Management page, select the pool number.
2.
From the Pool Details page, you can select either the Edit Results or Loans tab. The Edit Results
tab will display the total edits for the pool. Edits will be listed at the highest severity level initially.
You can click on the column header to change the sort by Edit ID and Severity.
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NOTE:
The Edit Results tab allows you to view and resolve only the loans that contain edits.
3.
From the Pool Details page, you can select the Loans tab, then click on the desired lender loan
number.
4.
The Loan Details page is displayed. Once corrections are made, click Save and Run Loan
Edits to save your changes. By selecting this option, the business rules will only be run on the
selected loan. (You can click Save and Run Pool Edits if you wish to run edits on the entire
Pool). Refer to the “Overview of Loan Delivery Buttons” section in Chapter 1 for a description of
the save, run, and edit options.
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A message will appear stating “Initiating Loan Eligibility.” A list of edits will appear in the Edits box
at the top of the page. This features the option to “pin” the Edits box while scrolling through the Loan
Details page by clicking the Pin icon at the top of the page. This ensures that the Edits box remains visible
as you scroll. Un-pin if you do not wish to see the Edits box as you scroll.
NOTE:
5.
Continue to make corrections to the loan data until all edits have been resolved.
Deleting Loans From a Pool
To delete loans from a pool, follow these steps:
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3. Click the box next to the lender loan number(s) you want to delete and select Delete at the top right
of the page.
4. The Delete Pool instruction page is displayed. Click Yes to confirm the deletion.
NOTE:
If you are deleting a loan on a submitted pool, an MBS correction is required. See section
“Correcting a Submitted Pool” for further information.
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Transferring Loans Between Pools
You can transfer loans from one MBS pool to another. However, you cannot transfer loans from a submitted
pool that has closed and received an MBS Closing Statement. Instead of transferring a loan, you will need to
add the loan by importing the loan or manually entering the data.
NOTE:
To transfer loans from a Whole Loan commitment into an MBS pool (or vice versa), you must
delete the loans from the system and then re-import them.
If you are a third-party deliverer, you should not transfer loans from one Seller’s portfolio into
another Seller’s portfolio. A Warning message will appear if you attempt to do this.
NOTE:
To transfer loans from one MBS pool to another, follow these steps:
1. From the Pool Management page, click the pool number of the loan to be transferred.
3. The Loans list is displayed. Click the box beside the lender loan number to be transferred, then click
Transfer.
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4. The Transfer page is displayed. Select the appropriate unsubmitted pool from the Select the Pool
for Loan Transfer drop-down list and click Transfer.
Submitting MBS Pools to Fannie Mae
Before you submit a pool to Fannie Mae for processing, ensure that all of the following requirements have
been met:
■
The pool includes at least one loan and satisfies Fannie Mae’s Good Delivery requirement, as
described in the Fannie Mae Selling Guide.
■
You have run edits since the last time you made any changes to the pool or loan information.
■
All Fatal errors have been resolved.
■
You have assigned wiring instructions to the pool.
■
You have designated a document custodian by selecting the proper Financial Inst. No. for the loans in
the pool.
To Submit a Pool of Loans to Fannie Mae
1. From the Pool Management or Pool Details page, click on the box next to pool number(s) to be
submitted and click Submit.
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A message will appear stating “Initiating Submission for Pools.” If the edit process identifies errors,
a pop-up will appear with the associated error message(s).
NOTE:
2. The Submission Status field on the Pool Management and Pool Details pages displays the date and
time of the submission.
NOTE:
You cannot submit a pool that has already been submitted. If you attempt to do so, Loan Delivery
will instruct you not to resubmit the pool unless advised to do so by a Fannie Mae Acquisitions analyst. For
details, see “Resubmitting a Pool” in Chapter 5.
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Correcting a Submitted Pool
On occasion, you may need to correct a pool, or loan within a pool, that is already submitted to Fannie Mae.
You may need to make one (or both) of the following types of changes:
■
You must first make the correction to the data in the Loan Delivery application on the Loan or Pool Details
page, click Save, then click Save and Run Pool Edits. This will enable the Add button on the Pool
Correction tab. The Add button will be disabled until you make a data change(s).
■
You must submit revised wiring instructions for the submitted pool in the event you want the MBS to be
sent to a different institution, change the delivery date (settlement date) or UPB for the pool. For more
information, see “Submitting Revised Wiring Instructions” in Chapter 5.
NOTE:
When changing root data, any Special Feature Codes associated with the loan that are autoderived may also be updated.
After correcting the data in a submitted pool, you must create the correction request from the Pool Corrections
tab using the following steps:
1. From the Pool Management page, select the pool number to be corrected.
2. The Pool Details page is displayed. After a change is made to either loan data or pool details, select
the Pool Corrections tab and click Add.
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NOTE:
If you have previously submitted corrections for this pool, you will see the Pool Corrections listed
on this page.
3. The Add Pool Correction window is displayed. Enter the requested information. In the Attention field,
enter the name of the Acquisitions Analyst. In the Correction Message, briefly describe the correction
you are making. Click Submit.
4. The Pool Correction details are displayed.
Deleting a Loan Within a Submitted Pool
On occasion, you may need to delete a loan within a pool that was already submitted to Fannie Mae. To
request a loan be deleted from a submitted pool, you must complete a Pool Correction. Refer to the
“Correcting a Submitted Pool” section above for a description of the pool correction.
To delete loans from a submitted pool, follow these steps:
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2. The Pool Details page is displayed. Select the Loans tab, the click on the box next to the lender
loan number to be deleted and click Delete.
3. Another option would be to delete the loan from the Loan Details page.
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4. With either selection, the Delete Loan instruction page is displayed. Click Yes to confirm the
deletion.
5. Complete a Pool Correction as described in the “Correcting a Submitted Pool” section.
Deleting a Submitted Pool
On occasion, you may need to delete a pool already submitted to Fannie Mae. To request a submitted pool be
deleted, you must complete a Pool Correction. Then, contact your Acquisitions analyst to request that the
submitted pool be deleted.
To request a previously submitted pool be deleted/collapsed, follow these steps:
1. From the Pool Management page, click on the pool number to be deleted/collapsed.
2. The Pool Details page is displayed. Select the Pool Corrections tab, check Initiate Delete and
click +Add.
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3. The Add Pool Correction window is displayed. In the Attention field, enter the name of the
Acquisitions Analyst. In the Corrections Message you will see the default of “Delete Pool.” Click
Submit.
NOTE:
All other data in the Add Pool Correction window is not editable.
4. The Pool Correction details are displayed.
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Submitting Revised Wiring Instructions
Since the delivery date does not appear in the MBS Wiring Instructions section, you must take the following
actions to ensure issuance of the pool on the revised delivery date. Be sure to update the delivery date from
the pool level. For demonstration purposes only, we will change the delivery date on a submitted pool.
1. You must first make the correction to the data in the Loan Delivery application on the Pool Details
page. This will enable the Add button on the Pool Corrections tab.
2. Locate the pool you want to correct from the Pool Management page, then click on the pool
number to access the Pool Details page.
3. In the Pool Details section, change the Delivery Date from the drop-down calendar.
4. Click the Save and Run Edits button.
5. From the Edits Results tab, make sure the correction did not trigger any new Fatal edits. (If your
correction did trigger new Fatal edits, you must resolve them and click the Save and Run Edits
again).
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6. After you have successfully resolved all Fatal edits, return to the Pool Details page and click on the
Pool Corrections tab.
7. Click the +Add button.
8. The Add Pool Corrections pop-up page will appear. From here provide the information for the
Attention field (i.e., your Acquisitions Analyst) and the Correction Message field.
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9. Click the Submit button.
10. Reference the Submission Status on the Pool Corrections tab to verify the correction has been
successfully submitted.
11. After you have successfully completed the Pool Correction, return to the Pool Details page.
114
12. Click the Submit Revised MBS Wiring Instructions button.
NOTE:
If the wiring instructions you need are not included in the drop-down list, you must first add it to
Loan Delivery. For details, see “Adding Wiring Instructions” in Chapter 2.
Resubmitting a Pool
In certain circumstances, you may need to resubmit a pool. If your Fannie Mae Acquisitions Analyst instructs
you to resubmit a pool, follow these steps:
1. Navigate to the Pool Details page from the Search Options or Pool Management page.
2. Make any necessary pool or loan level corrections, including adding or deleting loans.
3. If required, ensure wiring instructions have been revised to reflect the proper value.
4. Click Save and Run Edits.
5. The pool submission status changes to “Data Modified After Submission.”
6. When your Fannie Mae Acquisitions Analyst has approved the resubmission, the pool submission
status changes to “Approved for Resubmission.”
7. Click Submit to confirm the submission. The pool submissions status changes to “Submitted,” with
the date and time the pool was resubmitted.
Shipping the MBS Loan Documents
On the same day that you submit pool data to Fannie Mae, your shipper must ship the related loan documents
to the designated document custodian for certification and retention from that point forward.
Take the following steps to ship your loan documents:
1. From the Loan Delivery application, submit the loans to be delivered.
2. Send the entire document package to the document custodian. Refer to the Selling Guide for a list
of documents you may need to include in the document package.
115
Generating MBS Reports
You can use Loan Delivery to generate the Delivery Schedule and Schedule of Mortgages from the Pool
Management page and the Edit report from the Pool Details page that will assist with your MBS deliveries. The
following section shows you how to generate and display a PDF version of these reports.
Generating the Delivery Schedule Report
To generate the Delivery Schedule report, follow these steps:
1.
From the Pool Management page, click the box beside the pool number for the report being
requested, then click Reports. A drop-down list will appear with the option to select “Delivery
Schedule.”
2.
Loan Delivery provides the option to open or save the report as a PDF file. The Delivery
Schedule Report is displayed if you select “Open.”
NOTE:
If the wiring instruction status is Missing, you must assign a wiring instruction before you can
generate the Delivery Schedule report.
116
Generating the MBS Schedule of Mortgages Report
Loan Delivery generates a PDF version of the Schedule of Mortgages report that provides the information with
the text values from Loan Delivery. The full Property Address as shown in the Property section of the MBS
Loan Details page will be displayed.
To generate the Schedule of Mortgages report, follow these steps:
1.
On the Pool Management page, click the box beside the pool number for the report being
requested, then click Reports. A drop-down list will appear with the option of “Schedule of
Mortgages” to select.
117
2.
The Schedule of Mortgages Report is displayed. Loan Delivery provides the option to open or
save the report as a PDF file.
Generating the Edit Report
To generate the Edit Report, follow these steps:
1. From the Pool Management page, click on the pool number for the report being requested.
118
2. The Pool Details page is displayed. Click Reports. A drop-down list will appear with the option
of “Edit Report” to select.
3. Loan Delivery provides the option to open or save the report as a PDF file. The Pool Edit
Report is displayed if you select “Open.”
119
NOTE:
For best results, print the report on legal size paper.
Tracking Certification Status
When you submit a pool to Fannie Mae, the pool data is also transmitted to the selected document custodian
for certification (based on the Financial Institution Number shown on the Pool Details page). If the custodian’s
review of the documentation identifies any errors or inconsistencies, these issues must be resolved before the
MBS pool can be certified and before Fannie Mae will issue the related securities. (Refer to Chapter 7:
Additional Resources for more information).
Exporting Pool Data
Exported loan data will be available in XML and CSV format. There are five export options to generate a file:
Edits CSV, MISMO Data XML, Loan Level Data CSV, Fannie Mae Loans CSV, and Edit History CSV. To
export pool data for use in your in-house system, such as your investor reporting system, follow these steps:
1.
From the Pool Management page, click the box beside the pool number for each pool you want to export,
and then click Export and select either: Edits CSV, MISMO Data XML, Loan Level Data CSV, Fannie
Mae Loan No. CSV, or Edit History CSV.
120
2.
The File Download page is displayed. Click Save File to save in Excel.
3.
Or click Open With to save in other formats.
4.
This function is also available from Pool Details.
NOTE:
If changes were made by your Acquisitions analyst after submission, those changes will not be
reflected in Loan Delivery.
121
Chapter 6: Loan Delivery Edit History Report
You can generate a report of import edits issued on submitted loans. You have the option of requesting the
Edit History Report by Pool, Commitment or Both. The report can be generated from both the Pool or
Commitment Management pages.
All edit severities are included in the Edit History Report (Fatal, Warning, and Informational). To access the
Edit History Report from the Pool Level, follow these steps:
1. From the Pool Management page, click on the Export button. A drop-down list will appear with the option
to select the Edit History CSV.
2. The Edit History Report page is displayed. Select Pool, Commitment, or Both, then select the month of
the report, and click on the Export button.
122
3. The File Download page is displayed. Click the Open With or Save File to save in Excel.
4. The Edit History Report, when displayed, is a spreadsheet. Edits are shown at Pool Level, then the
Commitment Level.
Below is a description of each column heading on the Edit History Report:
Column Name
Description
Seller Number
Applicable 9-digit number assigned by Fannie Mae to identify the mortgage seller
Execution Type
Distinguishes between pool or commitment level
Pool Number
Six character number used to identify a single pool or piece of a multiple pool
Commitment Number
Six character number that identifies the commitment
Lender Loan Number
Identifier (up to 15 characters) assigned by the seller to the loan
Fannie Mae Loan Number
11 character number assigned by Fannie Mae after a loan has been submitted
Edit ID
Unique number that identifies the edit
Fatal Date
Date in which the Warning severity will become Fatal
Severity
Current severity level of the edit (Fatal, Warning and Informational)
Description
Detailed description of edit
Loan Last Edited Date
Date the loan was last edited in Loan Delivery
Submitted Date
Date the pool, commitment, or loan was submitted in Loan Delivery
123
Chapter 7: Additional Resources
You may need to access additional resources outside of the Loan Delivery application to complete your loan
delivery process. Below is a list of additional resources available on FannieMae.com to assist you:
■
Loan Delivery home page – The Loan Delivery launch page offers several helpful resources.
■
ULDD page – The Uniform Loan Delivery Dataset (ULDD) is the set of data elements required by
Fannie Mae in the Loan Delivery application. Reference the Appendix D for a list of data requirements.
■
Single-Family Forms and Documents – Search for Single-Family forms and documents.
■
Fannie Mae Connect – Web-based application that gives users access to certain seller and servicer
reports.
■
Fannie Mae Selling Guide – Fannie Mae's Single-Family Selling and Servicing Guides provide our
policies and procedures related to mortgages secured by one- to four-family properties. The guides are
updated periodically through the issuance of Lender Announcements, which introduce new or revised
policies and provide clarifications or special guidance.
124
Appendix A: Fields on the Commitment Details Page
The table in this appendix explains the purpose of each field on the Commitment Details page. These fields
cannot be edited as they are READ-ONLY. For any updates to be made, you can go to the commitment
sections to input the necessary data.
Commitment Details Information
Field
Number
1
Field Name
Purpose of the Field
Commitment Number
The Fannie Mae-assigned commitment number.
2
Seller Number
Applicable seller number assigned to your organization by Fannie Mae.
3
Seller Name
The seller name assigned to your organization.
4
Commitment Date
The date on which the commitment was executed.
5
Expiration Date
The date on which the commitment expires.
6
Total Commitment
The total dollar amount of loans that must be delivered under the commitment.
7
Status
8
Unsubmitted
This section displays the status of the commitment by unpaid balance and
number of loans.
The total unpaid balance and number of loans that have not yet been submitted.
9
Submitted Pending Funding
The total unpaid balance and number of loans that have been submitted and are
not yet funded.
10
Funded
The total unpaid balance and number of loans that are funded.
11
Remaining
The total unpaid balance and number of loans that are remaining.
12
Commitment Period
The value that identifies the number of days the commitment is valid.
13
Commitment Type
The value that identifies the type of loans to be delivered under the commitment.
14
Remittance Type
The value that identifies the remittance type for the loans to be delivered under
the commitment.
15
Participation Percent
The percentage interest of the participation certificate being sold to Fannie Mae.
The field defaults to 100% for Whole Loans.
16
Plan Number
The plan number that identifies the type of ARM to be delivered under this
commitment. Plan numbers are required for amortization types GPM, GEM,
ARM, GPARM and Step Rate/Reverse.
125
Field
Number
17
Mortgage Term
The maximum Mortgage Term required for delivered loans.
18
Required Yield
The rate of return Fannie Mae expects to obtain when purchasing a mortgage, as
stated in the commitment. This is our posted, or net, yield (not including the
lender’s servicing fee).
19
Required Margin
20
Servicing Fee
The required spread (number of percentage points, not to exceed 3.0) between
Fannie Mae’s posted yield on an ARM or GPARM and the maximum interest rate
the lender can charge the borrower, as stated in the commitment. This is also
called posted net margin.
A percentage of each mortgage payment made by a borrower to a mortgage
servicer as compensation for keeping a record of payments, collecting and
making escrow payments, passing principal and interest payments along to the
note holder.
21
IRD Limit
22
IRD Percent
Field Name
Purpose of the Field
The Interest Rate Differential (IRD) difference between the net note rate of the
ARM loans to be delivered under the commitment and the required yield to
Fannie Mae.
The fee percentage that applies to this commitment. This is used to calculate the
amount to be deducted at purchase for ARM loans when the net mortgage rate is
below the required yield.
126
Appendix B: Fields on the Loan Details Page
Loan Details Page
This provides a list of the fields that appear on the Loan Details page.
Refer to the Appendix D available on FannieMae.com to determine conditionality for required data elements.
Use the following instructions to navigate:

The Loan Details page will be presented in different sections. Depending on the loan characteristics,
certain loan sections may not be displayed, and certain identified fields within each section may not be
displayed. The Loan Details page contains the Collapse All and Expand All functionality with the option of
viewing all fields on the page or only listing the section headings.

The fields that trigger additional sections and fields, based on loan characteristics which may be displayed,
are highlighted in yellow.

Allowable Drop-Down Values
1. For fields that appear when you select the value from the drop-down list, the applicable values are
displayed.
2. When entering a value, if the format is incorrect, a prompt will appear informing you of the valid format
for that field.
Field
Number
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
A1
402
Y
Y
Lender Loan Number
Enter the number (up to 15
characters) that your company
uses to identify this loan. Lender
Loan No. is a required field
needed to save the loan.
A2
639
Y
Y
Seller Number
The Seller Number for the loan
must be the same for all loans in
the pool. The Seller Number will
default from the Seller Number
from the Pool or Commitment
Details.
This field auto-populates based
Allowable Drop-Down
Values
Values are 15 characters.
There must be at least
one digit or letter within
the field and the following
special characters may
not be present +, ‘, &, #,
<, >, “, %, ^
9 digits
127
Field
Number
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
on the seller number on the
commitment for the user login.
A3
620
Y
Y
Financial Institution
Number
Select the Financial Institution
Number (FIN) that will maintain
custody of the mortgage
documents for the loan. At this
time the only reasonable values
are 11 characters long. If the
lender’s Document Custodian is
BNY Mellon, supply 99999398668
as the FIN for Whole loan/cash
deliveries. If the lender
participates in the ASAP+
program, supply 99999398668 as
the FIN Number for all deliveries
(Cash and MBS). Otherwise, use
the lender’s designated 11-digit
BNY Mellon FIN for MBS
deliveries 20000398668. Lenders
that use a Document Custodian
other than BNY Mellon should
enter the Document Custodian's
11- character FIN number.
11 characters. Custom
based on the data stored
in the Custodial
Information screen.
A4
138
Y
Y
Amortization Type
1 - Fixed Rate
3 - GPM
4 - GEM
6 - ARM
7 - GPARM
9 - Step Rate
A5
320
Y
Y
A6
N/A
Y
Y
Date of Mortgage
Note
FM Loan Number
A7
645
Y
Y
Servicer Number
A8
401
Y
Y
MERS Min
Select the value that indicates the
amortization type for this loan.
When Amortization Type is not
equal to Fixed Rate (i.e., ARM)
the ARM section will be
displayed. For MBS, all loans in
the pool must have the same
Loan Amortization Type.
The date on the mortgage or
Note.
Read-Only. The Fannie Mae
Loan Number is populated after
the loan has been submitted. The
status will display as ‘Pending’
until the loan is submitted.
The Servicer Number defaults to
the seller number; if the seller is
also the servicer, do not change
this field. However, certain
products may require special
branch numbers (digits 6-8).
Referred to as the Mortgage
Identification Number (MIN).
Enter the mortgage ID number
(MIN) used to identify a loan that
is registered in the Mortgage
Electronic Registration System
(MERS®).
A9
317
Y
Y
Mortgage Type
Select the value that identifies the
mortgage type for this loan. For
MBS, all loans in the pool must
have the same Mortgage Type.
1 - FHA
2 - VA
3 - Conventional
USDA Rural Housing
User can select from the
calendar icon.
N/A
9 digits
18 characters
128
Field
Number
Sort
ID
MBS
Whole
Loan
A10
224
Y
Y
Application Received
Date
A11
313
Y
Y
Lien Priority Type
A12
315
Y
Y
A13
215
Y
A14
214
A15
Field Name
Purpose of Field
Allowable Drop-Down
Values
Enter the Application Date this
loan. This is the date on which
receipt of the borrower's financial
information first triggers the
federal Truth-in-Lending
disclosure requirements to the
borrower in association with the
mortgage. This is NOT the date
the lender received the
application from the
Correspondent or Broker.
Specifies the priority of the lien
against the subject property. This
field will vary depending upon the
lien position.
MM/DD/YYYY
calendar icon.
Loan Purpose
Specifies the purpose for which
the loan proceeds will be used.
Purchase
Refinance
Y
Interest Calculation
Type
Simple
Y
Y
Interest Accrual
Method
270
Y
Y
Payment Frequency
Defines the method used to
calculate the interest on the loan.
This field, in combination with the
Interest Accrual Method field, will
trigger the Daily Simple Interest
fields on the Special Products
section.
Describes the length of the
interest accrual period. This field,
in combination with the Interest
Calculation Type, will trigger the
Daily Simple Interest fields on the
Special Products section.
Specifies the frequency of the
mortgage payment.
A16
322
Y
Y
DU Case ID
Enter a value (Casefile ID) used
to identify the unique number that
Desktop Underwriter® (DU®)
assigned to the mortgage when it
was submitted for an underwriting
evaluation, which is used for
tracking subsequent activity
related to the mortgage. If no DU
Casefile ID exists, do not provide
this field.
Note: For a DU loan, Special
Feature Code 127 must be
specified. DU Case ID must be
entered to display the DU
Compare section.
10 characters
A17
393
Y
Y
Loan Comment
Enter a comment notifying your
Acquisitions Analyst of any
special information about the
loan. A comment is not required if
entering more than 6 Special
Feature Codes.
60 characters
The following special
characters cannot be
present <, >, “, %
First
Second
01 – Month
02 – Day
03 – Biweekly
Monthly
129
B. Indicators
Field
Number
Sort
ID
MBS
Whole
Loan
B1
238
Y
Y
Affordable
B2
225
Y
Y
Assumability
B3
226
Y
Y
Balloon
B4
394
Y
Y
Balloon Reset
B5
228
Y
Y
Buydown Temporary
Subsidy
B6
229
Y
Y
Capitalized Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
Select “No” or “Yes”. Indicates the
loan qualifies for a Fannie Mae
Affordable Product.
MyCommunityMortgageTM
(MCMTM) is the only standard
Fannie Mae Selling Guide product
that is considered an affordable
program. The lender's Master
Agreement may contain variances
for other affordable products. The
lender must contact their Fannie
Mae Account Manager or Credit
Account Risk Manager (CARM)
with questions about specific
variances.
Select “No” or “Yes.” Indicates the
loan has assumable
characteristics. For MBS, all loans
in the pool must have the same
Assumability indicator.
No
Yes
Select “No” or “Yes”. Indicates the
loan has balloon characteristics.
Selecting "Yes," indicates that the
Balloon loan has been reset.
Select “No” or “Yes.” Indicates
whether there is a temporary
buydown subsidy. A subsidy is
money paid by the borrower or
third party for the purpose of
paying down the interest rate or
reducing monthly payments.
When “Yes,” the buydown related
fields will be displayed within the
Special Products section.
Select “No” or “Yes.” Indicates that
accrued interest, taxes, hazard
insurance premiums and/or late
charges were added to the unpaid
principal balance (UPB) of the
loan. This applies when a loan has
been modified or is an Adjustable
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
130
B7
231
Y
Y
Construction Loan
B8
232
Y
Y
Convertible
B9
234
Y
Y
Escrow
B10
207
Y
Y
HOEPA
B11
237
B12
397
Y
Y
Modification
B13
240
Y
Y
Prepayment Penalty
B14
49
Y
Y
PUD
B15
241
Y
Y
Relocation
Y
Y
Interest Only
Rate Mortgage (ARM) with an
option for negative amortization
(Neg Am or Option ARM). Deliver
this field as "No" if the loan had
not been modified or was not a
Neg Am or Option ARM.
Select “No.” construction loan
indicator should always equal
"No." When “Yes,” the
construction related fields will be
displayed within the Special
Products section.
the loan has a convertible
characteristic.
whether or not escrows are
associated with this loan.
Required even if Seller is not
covered by HMDA. Identifies loans
that are designated as "high-cost"
mortgages under the Home
Ownership and Equity Protection
Act (HOEPA).
loan has interest only
characteristics. When Yes, the
interest only related fields will be
displayed within the Special
Products section. For MBS, all
loans in the pool must have the
same Interest Only indicator.
Select “No” or “Yes.” If a
modification has been made to the
loan, then the Modification must
equal “Yes.” Post-closing
corrections are not considered
loan modifications. When “Yes,”
the pre-modification related fields
will be displayed within the Special
Products section.
Select “No” or “Yes”. Indicates
whether there is a premium
charged to the borrower in the
event of prepayment.
the project in which the subject
property is located is a Planned
Unit Development (PUD). A PUD
is a project or subdivision that
consists of common property
and/or improvements that are
owned and maintained by an
owners’ association for the benefit
and use of the individual unit
owners.
Select “No” or “Yes.” Indicates if
the loan is a restricted relocation
mortgage.
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
131
B16
243
Y
Y
Shared Equity
mortgage is for resale-restricted,
owner-occupied housing in which
the rights, responsibilities, and
benefits of residential property
ownership are shared between
individual homeowners and
another party representing the
interests of a larger community.
No
Yes
C. Loan Terms
Field
Number
Sort
ID
MBS
Whole
Loan
C1
257
Y
Y
Field Name
Original Term
Purpose of Field
For a Whole Loan delivery of a
biweekly payment mortgage,
indicate the biweekly amortization
term. If the final biweekly payment
falls on a day other than the first of
the month, the entire month must
be included in the term.
Allowable Drop-Down
Values
3 digits
For an MBS pool delivery of a
132
Field
Number
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
indicate the term over which the
mortgage will be amortized rather
than the biweekly term.
balloon mortgage, indicate the term
of the balloon (for example, a 30year mortgage with a seven-year
balloon payment should reflect 84
months, not 360).
C2
258
Y
Y
Original Term
Period
C3
136
Y
Y
Amortization Term
C4
137
Y
Y
Amortization Period
C5
135
Y
Y
Maximum Term
C6
272
Y
Y
1st Payment Date
C7
319
Y
Y
Original Loan
Amount
C8
395
Y
Y
Note Rate
For a Modified loan provide the
Original Term at the time of
modification.
Select the value that identifies
original term period. Original Term
Period must = "Month."
Enter the Amortization Term in
months.
Select the value for Amortization
Period. Amortization Period must
equal "Month."
Enter the maximum number of
months over which balloon
mortgage may be amortized.
Enter the due date of the first loan
payment, as shown on the related
mortgage note.
For a biweekly payment mortgage,
indicate the actual date the first
biweekly payment is due. For an
MBS pool delivery only, the system
will convert a first payment date
that is any day other than the first
day of the month, as the first day of
the following month before it
performs any calculation. This is for
editing purposes only - the date is
not physically modified.
Enter the principal balance of the
mortgage at origination. For a
modified loan, enter the modified
loan amount. The amount to be
repaid as disclosed on the Note.
Enter the current interest accrual
rate for the mortgage.
Month
3 digits
Month
3 digits
MM/DD/YYYY
calendar icon.
Amount
XXXXXXXXX.XX (up to
9 digits prior to the
decimal)
Percent XX.XXXX (up to
decimal)
133
Field
Number
Sort
ID
MBS
Whole
Loan
C9
440
Y
Y
Last Paid
Installment Date
C10
438
Y
Y
Aggregate
Curtailment Amount
C11
N/A
Y
Y
Calculated
Remaining Term
C12
436
Y
Y
P&I
Field Name
Purpose of Field
Allowable Drop-Down
Values
Enter the date of the last paid
installment that had been collected
for the mortgage at the time of
delivery. The Last Paid Installment
Date (LPI) is the interest due
date. If you are a lender who
typically delivers new loans to
Fannie Mae, you may encounter a
situation where a first payment has
not yet occurred. In these
situations, you would supply a Last
Paid Installment (LPI) date of one
month prior to the first payment
date. For example, a loan with a
May 1, 2015 first payment date
(with no payments) would have an
LPI of April 1, 2015.
Enter the total amount of principal
that has been paid from origination
to date over and above the
scheduled principal amount.
MM/DD/YYYY
Read-Only. This is a Loan Delivery
field generated from the data you
have provided.
Enter the current principal and
interest (P&I) on the loan. Must be
within $1.00 of the amount that we
calculate by using the amortization
term, note rate, and original loan
amount.
N/A
Amount
XXXXXXXXX.XX (up to
decimal)
Amount XXXXXXX.XX
(up to 7 digits prior to the
decimal)
biweekly payment mortgage, use
the full monthly payment amount.
For an MBS pool delivery, use the
biweekly payment amount, not the
full monthly payment.
For a modified loan provide the
Initial P&I Payment Amount at the
time of modification.
C13
385
Y
Y
Issue Date UPB
The Issue Date UPB is the
scheduled balance for an MBS loan
as of the issue date for the pool. If
the payment is due on the first of
the month, indicate the balance
after application of the principal
portion of the payment due in the
issue month (otherwise, indicate
the balance after application of the
principal portion of the payment
due in the month preceding the
issue date). If left blank, the system
will calculate this value.
Amount
XXXXXXXXX.XX (up to
decimal)
134
Field
Number
Sort
ID
MBS
Whole
Loan
C14
442
Y
Y
Field Name
Current UPB
Purpose of Field
Enter the current unpaid principal
balance (UPB) on the loan.
An 11-digit numeric value greater
than zero (with no more than two
digits to the right of the decimal)
that indicates the actual balance of
the mortgage as of the last paid
installment date (as reflected on
the lender’s trial balance) or the
original loan amount, if no
payments have been applied; for
cash deliveries, must fall in a
tolerance range of +/-.03% times
(X) the computed unpaid principal
balance.
Allowable Drop-Down
Values
Amount
XXXXXXXXX.XX (up to
decimal)
For MBS deliveries, refer to the
Appendix D for calculation.
C15
256
Y
Y
Maturity Date
C16
N/A
Y
Y
Calculated Stated
Term
C17
N/A
Y
Y
Calculated P&I
C18
N/A
Y
Y
Calculated Issue
Date UPB
C19
N/A
Y
Y
Calculated Maturity
Date
C20
294
Y
Y
Refi Cash - Out
Determination
C21
293
Y
Y
Cash – Out Amount
C22
451
Y
Y
Refi Program ID
C23
221
Y
Y
FM Loan No. on
Original Loan
C24
222
Y
Y
Related Loan
Investor
Enter the date when the loan is
scheduled to be paid in full as
reflected on the Note.
have provided.
have provided.
have provided.
have provided.
"No Cash Out" is only valid for
FHA, VA, and USDA Rural Housing
loans. Conventional loans with no
cash out need to be submitted as
"Limited Cash Out." Refer to the
Fannie Mae Selling Guide for
specific guidance.
Enter the amount of cash the
borrower will receive at the closing
of the loan on a refinance
transaction.
Identifies the refinance program
associated with the loan as
identified by a specific entity.
Identifier of a loan from a related or
original transaction. May be used
for modifications and conversion of
existing loans.
Specifies the investor of the
associated loan.
MM/DD/YYYY
calendar icon.
N/A
N/A
N/A
N/A
Cash Out
Limited Cash Out
No Cash Out
Amount
XXXXXXXXX.XX (up to
decimal)
Disaster Response
DU Refi Plus
Refi Plus
10 characters
Fannie Mae
135
Field
Number
Sort
ID
MBS
Whole
Loan
C25
368
Y
Y
Special Feature
Codes (10)
Select up to ten codes to identify
special characteristics of the loan, as
specified in the loan commitment or
pool purchase contract. If no Special
Feature Codes apply, leave these
fields blank. There is a limit of 10
Special Feature Codes at the loan
level. Values must be numeric.
This is a pre-defined list
based on the SFCs
available.
*Data input allowed on
this field
C26
254
Y
Y
Base LTV
Enter the Base Loan-To-Value
(Base LTV) ratio. The result of
dividing the difference of the original
unpaid principal balance (UPB)
(UPB) minus the financed mortgage
insurance premium by the value of
the subject property.
3 digits
C27
255
Y
Y
LTV
Enter the Loan-To-Value (LTV) ratio.
The ratio of the current UPB amount
to the appraised value, estimated
value or purchase price of the
property.
3 digits
C28
91
Y
Y
CLTV
Enter the Combined Loan-To-Value
(CLTV) ratio. The result of dividing
the combined unpaid principal
balance (UPB) amounts of the first
and all subordinate mortgages,
excluding undrawn home equity
lines of credit amounts, by the value
of the subject property.
3 digits
C29
92
Y
Y
HCLTV
Enter the HELOC Loan-To-Value
(HLTV) ratio. The result of dividing
the sum of the unpaid principal
balance (UPB) of the first mortgage,
the full amount of any home equity
line of credit (whether drawn or
undrawn), and the balance of any
other subordinate financing by the
value of the subject property.
3 digits
C30
635
Y
Y
Loan Originator
C31
634
Y
Y
Loan Originator
Identifier
type of party who originated the
loan.
Enter the loan originator's unique
identifier as assigned by the
Nationwide Mortgage License
System (NMLS) and Registry. This
field is associated with Title V
requirements mandated by FHFA
and as such is conditional based
on those requirements.
Broker
Correspondent
Lender
12 digits
Field Name
Purpose of Field
Allowable Drop-Down
Values
136
Field
Number
Sort
ID
MBS
Whole
Loan
C32
627
Y
C33
641.
1
C34
198
Allowable Drop-Down
Values
Field Name
Purpose of Field
Y
Loan Origination
Company Identifier
12 digits
Y
Y
Mortgage Funder
Enter the loan origination
company’s unique identifier as
assigned by the Nationwide
Mortgage Licensing System and
Registry (NMLS). The loan
origination company is the
company the loan originator is
employed by or is representing as
an independent contractor. This
field is associated with Title V
requirements mandated by FHFA
and as such is conditional based
on those requirements.
Enter the company name of the
entity funding the applicable loan,
as stated on the Note. Enter the
entity that is listed on the Note,
even if it conflicts with the actual
funder of the loan. Required for all
loans effective November 26, 2015,
for loan applications dated on or
after August 1, 2015.
Y
Y
Section of the Act
Section of the Act. For government
loans only. If an FHA graduatedpayment mortgage is insured under
Section 245, one of the following
special codes must be indicated
instead of Section 245.
See the table below for
full list of allowable
values*
For a Whole Loan delivery of an
FHA Title I loan:
 201s (for secured direct loan)
 201sd (for secured dealer loan)
 201u (for unsecured direct loan)
 201ud (for unsecured dealer
loan)
For an MBS pool delivery of an
FHA Title I loan:
 201s (for secured direct loan)
 201sd (for secured dealer loan)
Eligible VA-Guaranteed Mortgages:
If a VA loan, the acceptable values
are Section 3710 of Title 38 for
fixed-payment mortgages, and
Section 3703(d) of Title 38 for
graduated-payment mortgages.
Refer to the Fannie Mae Selling
Guide for additional information.
C35
208
Y
Y
APR Spread
Enter the APR Spread. Any loan
with an Annual Percentage Rate
(APR) that is "greater than or equal
to 1.5 percentage points above the
applicable average prime offer rate
Percent XX.XX (up to 2
digits prior to the
decimal)
137
Field
Number
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
for first lien loans," or "greater than
or equal to 3.5 percentage points
above the applicable average
prime offer rate for subordinate lien
loans" must be reported.
C36
311
Y
Y
Price Lock Date
Fannie Mae will only process data
attributes in this field if there is in
fact a spread greater than or equal
to 1.5 or 3.5 percentage points; any
reported value less than 1.5 or 3.5,
respectively, will be ignored.
Enter the date on which the interest
rate reflected on the note was
locked.
MM/DD/YYYY
calendar icon.
D. Underwriting
Field
Number
Sort
ID
MBS
Whole
Loan
D1
404
Y
Y
Loan 1st Time
Homebuyer
D2
292
Y
Y
Monthly Housing
Expense
D3
291
Y
Y
Monthly Income
D4
290
Y
Y
Monthly Debt
Expense
Field Name
Purpose of Field
Select the value that indicates this
loan qualifies as first time
homebuyer.
The total monthly proposed
housing expense for all borrowers
on the loan. The monthly housing
expense must be equal to or
greater than the P&I payment.
Enter the combined monthly
income of all borrowers whose
income is used in qualifying for
the mortgage.
The total monthly liabilities for all
borrowers on the loan including
housing expenses.
Allowable Drop-Down
Values
Loan 1st Time
Homebuyer
5 digits
6 digits
5 digits
138
Field
Number
Sort
ID
MBS
Whole
Loan
D5
328
Y
Y
Loan Manual
Underwriting
Indicator
D6
326
Y
Y
Automated
Underwriting System
D7
325
Y
Y
D8
452
Y
Y
Field Name
Purpose of Field
Allowable Drop-Down
Values
Select “No” or “Yes.” Select “Yes”
if the loan underwriting decision is
based on manual underwriting
and not the recommendation from
an automated underwriting
system.
automated underwriting system
used to evaluate the loan.
USDA loans use the Guaranteed
Underwriting System
No
Yes
Automated
Underwriting
Recommendation
Select the Automated
Underwriting Recommendation.
This field only applies if a DU
Casefile ID exists.
Delinquent Past 12
Mos.
Enter the Delinquent Past 12
months if applicable; otherwise
enter "0" for a loan with no
delinquencies. A mortgage is
considered delinquent when all or
part of the borrower's monthly
installment of principal, interest,
and, where applicable, escrow
remain unpaid:
Approve Eligible
Approve Ineligible
EA I Eligible
EA II Eligible
EA III Eligible
EA I Ineligible
EA II Ineligible
EA Ill Ineligible
Error
Out of Scope
Refer Eligible
Refer Ineligible
Refer With Caution IV
Unknown
2 digits
D9
194
Y
Y
Paid Discount Points
Amount
D10
244
Y
Y
Total Mortgaged
Properties
• As of the close-of-business on
the last business day of the
month, if the due date for the
payment is the first day of the
month, or
• 30 or more actual calendar days
as of the close-of-business on the
last business day of the month, if
the due date for the payment is
not the first day of the month.
The total dollar amount of
discount points that are paid by
the borrower.
Enter the total number of financed
1-4 unit residential properties
owned by all borrowers on the
loan. If multiple borrowers own the
same property, it only needs to be
counted once.
Desktop Underwriter
Guaranteed Underwriting
System
this field
Amount
XXXXXXXXX.XX (up to 9
digits prior to the
decimal)
2 digits
139
Field
Number
Sort
ID
MBS
Whole
Loan
D11
251
Y
D12
287
Y
Field Name
Purpose of Field
Y
Loan Representative
Credit Score
Y
Monthly Reserves
Count
The one credit score value that
represents the overall credit risk
on the loan. This value is
determined using credit score
values for each qualifying
borrower. It also cannot be null, it
must be “0” if applicable.
Enter the total months of verified
liquid financial reserves that are
available from all borrowers after
closing the loan. In cases where
the reserves are not represented
in whole months (i.e. 1.5 months)
number should be rounded down
and delivered as 1. Value can be
'0' in some instances but cannot
be null.
Allowable Drop-Down
Values
4 digits
3 digits
E. Insurance
Field
Number
E1
Sort
ID
429
E2
413
Y
Whole
Loan
Y
Y
Y
MBS
Field Name
Purpose of Field
MI Absence Reason
Select the reason that the primary
mortgage insurance is not
required or provided.
MI Company
Fannie Mae-approved mortgage
insurer of this loan.
Allowable Drop-Down
Values
95 - No MI Based On
Original LTV
97 - MI Canceled Based
On Current LTV
this field
01 - Genworth
06 - MGIC
11 - PMI
12 - UGI
13 - RMIC
14 - MD Housing
24 - Triad
31 - CAHLIF
33 - Radian
37 - MIF
38 - CMG
40 - SONYMA
43 - Essent
44 - NMI
this field
140
Field
Number
E3
Sort
ID
412
Y
Whole
Loan
Y
E4
E5
416
423
Y
Y
E6
422
E7
E8
MBS
Field Name
Purpose of Field
Allowable Drop-Down
Values
10 characters
present <, >, “, %
3 digits
No
Yes
MI Certificate No.
Enter the certificate number of the
conventional mortgage insurance
policy.
Y
Y
MI % Coverage
MI Financed
Indicator
Enter the MI Percent Coverage.
whether the mortgage insurance
(MI) premium has been added to
loan amount. This field is only
required if conventional MI exists.
Y
Y
Financed MI
Amount
Amount XXXXX.XX (up to
decimal)
411
Y
Y
MI Lender Paid
Rate %
Enter the amount of any single
mortgage insurance premium that
is financed as part of the original
loan amount.
Enter the percentage added to the
mortgage interest rate to provide
for the payment of renewal
premiums on lender-purchased MI
coverage, if applicable.
426
Y
Y
MI Source
If the mortgage insurance
premiums for the mortgage are
either paid monthly or paid up
front, select the source
("Borrower" or "Lender") for the
payment of the premium(s). If the
premiums are paid both monthly
and upfront, select the source of
the monthly premium payment
only.
Borrower
Lender
Percent X.XX (up to 1
digit prior to the decimal)
141
F. Property
Field
No
Sort
ID
MBS
Whole
Loan
F1
10
Y
Y
Street Address
F2
14
Y
Y
City
Field Name
Purpose of Field
Enter the property Street
Address. The Subject Property
address must accurately reflect
the subject property address
(including unit, if applicable)
documented on the Note
associated with the specified
mortgage loan.
Enter the property City. The city
name submitted should exactly
match how it is recorded on the
Note.
Allowable Drop-Down
Values
100 characters
present <, >, “, %
50 characters
present <, >, “, %
142
Field
No
Sort
ID
MBS
Whole
Loan
F3
18
Y
Y
State
Enter the property State.
Reference the USPS list of twocharacter codes.
2 characters
F4
16
Y
Y
Zip Code
Enter the property Zip Code. The
Postal Code submitted should
exactly match how it is recorded
on the note. The Postal Code
can be either five- or nine-digits.
Do not include dashes.
5 or 9 characters
F5
N/A
Y
Y
Abbreviated Property
Address - Street
Address
Read-Only. This is a system
generated, not editable field.
Abbreviated to 32 characters.
N/A
F6
N/A
Y
Y
Address - City
Abbreviated to 15 characters.
N/A
F7
N/A
Y
Y
Address - State
N/A
F8
N/A
Y
Y
Address - Zip Code
N/A
F9
N/A
Y
Y
Scrubbed Property
Address - Street
Address
N/A
F10
N/A
Y
Y
N/A
Y
Y
N/A
F11
Scrubbed Property
Address - City
Scrubbed Property
Address - State
F12
N/A
Y
Y
Scrubbed Property
Address - Zip Code
N/A
F13
63
Y
Y
Property Estate Type
Select the value that indicates
the ownership interest in the
property.
Fee Simple
Leasehold
Life Estate
F14
69
Y
Y
Property Usage Type
the property usage intention if
the borrower for the property.
1 – Primary Residence
2 – Second Home
3 – Investment
F15
57
Y
Y
No. of Units
2 digits
F16
42
Y
Y
Project Type
Enter the number of dwelling
units on the property. For a
single-family dwelling unit, the
number must generally be four or
less.
Identifies the type of project
review. Specify “G – Not in
Development” if the property is in
a subdivision or is not part of an
organized development.
Field Name
Purpose of Field
Allowable Drop-Down
Values
N/A
1 - Established Co-op
2 - Fannie Mae Approved
Co-op
E - Established PUD
F - New PUD
G - Not In Development
P - Limited Review New
Project
Q - Limited Review
Established Project
R - Expedited Review New
Project
143
Field
No
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
S - Expedited Review
Established Project
T - Fannie Mae 1028
Review
U - FHA Approved Project
V - Condo - Refi Plus
F17
195
Y
Y
Purchase Price
F18
24
Y
Y
Special Flood Hazard
Area Indicator
F19
65
Y
Y
Flood Ins. Indicator
F20
67
Y
Y
F21
78
Y
F22
77
Y
The total dollar amount paid by
the borrower for the property
pledged as security for the
mortgage, net of any
adjustments for sales or
financing concessions. The
purchase price is presented on
the offer to purchase.
When "Yes" indicates if the
residence or any residential
detached structures are in an
identified Special Flood Hazard
Area.
whether the property securing
the mortgage has flood
insurance.
9 digits
Year Built
Enter the year during which the
structure on the property was
completed. If this data is not
available from property valuation
documents, the borrower’s input
is an acceptable source for the
data.
YYYY
Y
Unit 1 Rents
5 digits
Y
Bedrooms
Enter the value indicating the
current actual monthly rent for a
one-family investment property
or for a unit of a two-family to
four-family property (rounded to
the nearest dollar) or the
estimated market rent (rounded
to the nearest dollar). The only
value supported is up to five
numeric digits at this time. There
are four occurrences of Rent,
one for each unit.
A numeric value indicating the
total number of bedrooms in a
one-family property or in a unit of
a two to four-family property. The
only reasonable values
supported are 0-9. In the case of
studios/efficiencies supply "0" for
the number of bedrooms.
Because the format is Numeric 1,
a value that is greater than 9 for
Bedroom Count is not allowed.
No
Yes
No
Yes
1 digit
144
Field
No
Sort
ID
MBS
Whole
Loan
F23
78
Y
Y
Unit 2 Rents
or for a unit of a two-family
property (rounded to the nearest
dollar) or the estimated market
rent (rounded to the nearest
dollar). The only value supported
is up to five numeric digits at this
time. There are four occurrences
of Rent, one for each unit.
5 digits
F24
77
Y
Y
Bedrooms
1 digit
F25
78
Y
Y
Unit 3 Rents
F26
77
Y
Y
Bedrooms
F27
78
Y
Y
Unit 4 Rents
Y
Y
Bedrooms
Y
Y
Appraisal Amount
Enter the total number of
bedrooms for a single family
investment property or for
dwelling unit 2 of a two- to fourfamily property.
or for a unit of a three-family
or for a unit of a four-family
Enter the appraised value of the
property, rounded to the nearest
dollar. If no appraisal is required
in association with a refinance
transaction, indicate the amount
of the original appraisal that is in
the loan file. If Fannie Mae
waived the requirement for an
F28
F29
77
83
Field Name
Purpose of Field
Allowable Drop-Down
Values
5 digits
1 digit
5 digits
1 digit
9 digits
145
Field
No
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
appraisal for a Desktop
Underwriter® loan casefile,
indicate the "sales price"
submitted to Desktop
Underwriter (for a purchase
money transaction) or the
lender's estimated value (for a
refinance transaction).
F30
82
Y
Y
Appraisal Document
File ID
F31
84
Y
Y
Appraisal Effective Date
F32
50
Y
Y
Attachment Type
Enter the "Document File
Identifier" from the Uniform
Collateral Data Portal® (UCDP).
Referred to as the "Document
File Identifier" in UCDP. Lender
obtains the "Document File
Identifier" from UCDP and
transmits it in the "Appraisal
Document File ID" field in Loan
Delivery. This field associates
the appraisal data transmitted by
the lender to UCDP with the
Loan Delivery record.
Enter the inspection date
(effective date of the appraisal)
for mortgages with appraisals.
For mortgages using any other
property valuation method type,
enter the effective date of the
most recent inspection, feedback
or estimate.
the Attachment Type for the
property (i.e. to describe an
individual dwelling.) For projects,
Attachment Type is used to
describe how the buildings in the
project are attached to each
other. For all other housing it is
used to describe an individual
dwelling. As specified by Fannie
Mae, the valid value definitions
are:
o Attached: A dwelling unit that
shares a common wall with
two dwelling units on both
sides of the subject unit.
10 characters
MM/DD/YYYY
calendar icon.
Attached
Detached
Semi Detached
o Detached: A dwelling unit that
does not have a common wall
with another dwelling unit.
o Semi Detached: An attached
dwelling sharing a common
wall with another dwelling unit
on one side.
F33
51
Y
Y
Construction Method
the construction process for the
main dwelling unit of the subject
Manufactured
Site Built
146
Field
No
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
property. Valid value definitions
are:
o Site Built: Describes the
construction process,
indicating that most elements
are created at the home’s
permanent site and may
include some prefabricated
components.
o Manufactured: A factory-built
dwelling built in compliance
with the Federal Manufactured
Home Construction & Safety
Standards in effect at the time
the home was manufactured,
as evidenced by the HUD
label (HUD Code Home).
F34
33
Y
Y
Manufactured Home
Width
Select the width of the
manufactured home.
Multi Wide
Single Wide
F35
89
Y
Y
Appraisal Method
the appraisal method used. If
property inspection has been
waived, select "None" and
populate the field Investor
Collateral Program Identifier.
When a Field Review or Desk
Review is used, refer to the
following fields and guidance to
supply these values:
o Appraisal Document File ID:
Provide the Document File
Identifier of the original
appraisal that was uploaded
to the Uniform Collateral
Data Portal® (UCDP).
Automated Valuation
Model
Desktop Appraisal
Drive By
Full Appraisal
None
Prior Appraisal Used
o Appraisal Amount: Provide
the Field Review Valuation
Amount.
o Appraisal Method: Provide
the value that captures the
original appraisal.
F36
85
Y
Y
Property Valuation
Form
Select the name of the property
valuation form used to provide
the property value upon which
the loan underwriting decision
was based.
FNM 1004 = Uniform
Residential Appraisal
Report
FNM 1004C
Manufactured Home
Appraisal Report
FNM 1004D = Appraisal
Update And Or Completion
Report
FNM 1025 = Small
Residential Income
Property Appraisal Report
FNM 1073 = Individual
147
Field
No
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
Condominium Unit
Appraisal Report
FNM 1075 = Exterior Only
Inspection Individual
Condominium Unit
Appraisal Report
FNM 2000 = One Unit
Residential Appraisal Field
Review Report
FNM 2000A = Two To
Four Unit Residential
Appraisal
FNM 2055= Exterior Only
Inspection Residential
Appraisal Report
FNM 2090 = Individual
Cooperative Interest
Appraisal Report
FNM 2095 = Exterior Only
inspection Individual
Cooperative Interest
Appraisal Report
DU Form 2075 - Desktop
Underwriter Property
Inspection Report
F37
376
Y
Y
Investor Collateral
Program Identifier
the collateral program associated
with the loan as identified by a
specific entity.
F38
525
Y
Y
Appraiser’s State
License Number
Enter the field appraiser's state
license number (or state
certification number in the
absence of a license number)
issued by the state in which the
subject property is located.
F39
534
Y
Y
Supervisory Appraiser’s
State License Number
Enter the supervisors appraiser's
state license number (or state
certification number in the
absence of a license number)
issued by the state in which the
subject property is located.
50 characters
present <, >, “, %
F40
80
Y
Y
AVM Model Name
the AVM Model used.
See below for full list of
allowable values*
F41
39
Y
Y
CPM ID
Enter only if Fannie Mae's Condo
Project Manager™ (CPM™)
system was used for this loan.
Numeric data only. If you use
CPM™, the CPM ID must be
delivered. When CPM ID is
provided, the project related
fields will not be displayed.
10 digits
DU Form 2075
DU Refi Plus Property
Fieldwork Waiver
Level 1 PIW
this field
50 characters
present <, >, “, %
148
Field
No
Sort
ID
MBS
Whole
Loan
F42
47
Y
Y
Legal Structure
F43
48
Y
Y
Project Name
F44
38
Y
Y
Condo Status
F45
41
Y
Y
Attachment Type
F46
43
Y
Y
F47
45
Y
F48
46
Y
Field Name
Purpose of Field
Allowable Drop-Down
Values
the form of ownership that
defines the quality and quantity
of ownership and rights to the
individual unit owner.
Enter the name of the project in
which subject property is located.
This is the complete Association/
Corporation Legal Name.
Condominium
Cooperative
the condo status. Only provide if
Condo Project Manager (CPM™)
system was not used for this
loan.
the project's attachment type.
Only provide if Fannie Mae’s
loan.
If project contains a mix of
attached and detached then
specify the predominant type. If
Project Attachment Type cannot
be determined, then use the
same attachment type as the
Unit. If the unit is Semi Detached
provide Attached.
Established
New
Design Type
the design type of the project.
Only provide if Fannie Mae’s
loan. The Fannie Mae supported
valid value definitions for Project
Design Type are:
- Garden Project: 1 to 3 stories
- Midrise Project: 4 to 7 stories
- High rise Project: 8+ Stories
- Townhouse/Row house: One in
a row of identical houses or
having a common wall; attached
to another unit via a common
wall (e.g., a brownstone).
If project is classified as Low
Rise, specify "Garden Project."
Garden Project
High rise Project
Midrise Project
Townhouse Row house
Y
Project Total Units
5 digits
Y
Units Sold
Enter Project Total Units. Only
provide if Fannie Mae’s Condo
Project Manager (CPM™) was
not used for this loan.
Enter the Units Sold. Only
provide if Fannie Mae’s Condo
Project Manager (CPM™) was
not used for this loan.
50 characters
present <,>,”, %
Attached
Detached
5 digits
149
G: Borrower
Field
Number
G1
Sort
ID
227
Y
Whole
Loan
Y
G2
541
Y
G3
540
G4
542
MBS
Field Name
Purpose of Field
Allowable Drop-Down
Values
2 digits
Number of Borrowers
individuals who submitted an
application and signed the
mortgage note. When value is
greater than 1 the related CoBorrower fields will display within
this Borrower section.
Y
Last Name
Enter Borrower Last Name. If the
borrower's name is a single name
(instead of first name and last
name), provide the single name
in the Borrower Last Name field.
35 characters
Y
Y
First Name
Enter Borrower First Name. If the
borrower's name is a single name
(instead of first name and last
name), provide the text "Not
Applicable" in the Borrower First
Name field. Only 25 characters
are supported at this time.
25 characters
Y
Y
Middle Initial
Enter the Borrower Middle Initial.
Only one-character middle initial
is supported at this time.
1 character
150
Field
Number
G5
Sort
ID
543
Y
Whole
Loan
Y
G6
567
Y
G7
608
G8
MBS
Field Name
Purpose of Field
Allowable Drop-Down
Values
4 characters
Suffix
Enter the Borrower Suffix. Use
abbreviations.
Y
Age
Enter the Borrower's Age.
2 digits
Y
Y
Gender
borrower's gender. Select "Not
Applicable" if the borrower is a
legal entity. If the borrower is a
living trust, select the gender of
the individual who established the
trust.
1 - Male
2 - Female
3 - Information Not
Provided Unknown
4 - Entity
610
Y
Y
Race (5)
borrower's race. Use "Not
living trust, select the race of the
individual who established the
trust. Up to 5 Race types may be
included per borrower.
G9
609
Y
Y
Ethnicity
borrower's ethnicity. Use "Not
living trust, select the ethnicity of
the individual who established the
trust.
G10
572
Y
Y
Mailing Address Same
As Property
Select “No” or “Yes.” Select
“Yes” when the mailing address
for the borrower is the same as
the property address. When “No,”
the Borrower Mailing Address will
display within this section.
1 - American Indian or
Alaskan Native
2 - Asian
3 - Black or African
American
4 - Native Hawaiian Or
Other Pacific Islander
5 - White
6 - Information Not
Provided By Borrower in
Mail, Internet or
Telephone Application
7 - Not Applicable (Use
when a borrower is an
entity not an individual)
1 - Hispanic or Latino
2 - Not Hispanic or Latino
3 - Information Not
Mail, Internet or
No
Yes
G11
598
Y
Y
Citizenship Residency
Type
borrower's U.S. citizenship or
alien status, as collected on the
Uniform Residential Loan
Application (URLA) (Section VIII,
lines j. and k.).
Non-Permanent Resident
Alien
Permanent Resident Alien
US Citizen
this field
G12
568
Y
Y
Date of Birth
Enter the Borrower’s date of birth.
G13
544
Y
Y
Entity Full Name
Enter the Entity full name for
Borrower.
MM/DD/YYYY
calendar icon.
35 characters
present <, >, “, %
151
Field
Number
G14
Sort
ID
545
Y
Whole
Loan
Y
Legal Entity Type
entity type of the party or
organization.
G15
613
Y
Y
Taxpayer ID Type
type of identification number used
by the Internal Revenue Service
(IRS) in the administration of tax
laws. It is issued either by the
Social Security Administration
(SSA) or the IRS. A Social
Security Number (SSN) is issued
by the SSA; all other taxpayer
identification numbers are issued
by the IRS.
Employer ID No.
Individual Taxpayer ID
No.
Social Security No.
G16
614
Y
Y
Taxpayer ID
9 characters
G17
590
Y
Y
Credit Score
Enter the Borrower Taxpayer ID
number. Numeric data only.
Enter value indicating the
representative credit score
assigned to the borrower.
G18
580
Y
Y
Credit Report ID
Enter the credit reference number
associated with the Borrower
credit report used to underwrite
the delivered loan. This field is
not applicable for legal entities.
30 characters
present <, >, “, %
G19
582
Y
Y
Credit Repository
Source Indicator
Select “No” or “Yes.” Select “No”
when the borrower is relying on
nontraditional credit.
No
Yes
G20
583
Y
Y
Credit Score Source
credit bureau associated with the
decision credit score. This field is
used in conjunction with Credit
Repository Source Indicator.
01- Equifax
02 - Trans Union
03 - Experian
G21
573
Y
Y
Qualifying Income
9 digits
G22
597
Y
Y
1st Time Homebuyer
Enter the borrower monthly
income that was used to qualify
for the mortgage loan. The
combined monthly income of all
borrowers whose income was
used to qualify for the mortgage
should be provided in Monthly
Income field located in the
Indicates the borrower qualifies
as a first time homebuyer as
determined by lender and/or
investor.
(Note: Info provided by borrower
in Section VIII, line m of URLA
regarding ownership of a property
in the past three years, may not
be relied upon for this
information.)
MBS
Field Name
Purpose of Field
Allowable Drop-Down
Values
Corporation
Government Entity
Joint Venture
Limited Liability Company
Limited Partnership
Nonprofit Corporation
Partnership
4 digits
No
Yes
152
Field
Number
G23
Sort
ID
576
Y
Whole
Loan
Y
G24
578
Y
G25
596
G26
G27
MBS
Field Name
Purpose of Field
Allowable Drop-Down
Values
Borrower Did Not
Participate
Government Agency
HUD Approved
Counseling Agency
Lender Trained
Counseling
Mortgage Insurance
Company
No Borrower Counseling
Non-Profit Organization
Counseling
Confirmation Type
type of mortgage counseling or
education program attended by
one or more of the borrowers.
Y
Counseling Format
Type
educational setting of the formal
borrower homeownership
program in which the borrower
participated as a requirement of a
special mortgage program.
Borrower Did Not
Participate
Borrower Education Not
Required
Classroom
Home Study
Individual
Y
Y
Bankruptcy Indicator
Select “Yes” if the Uniform
Residential Loan Application
(URLA), credit report, or other
loan documents indicate that the
Borrower has declared
bankruptcy within the past 7
years. Provide as applicable for
legal entities.
No
Yes
599
Y
Y
Foreclosure or
Judgement Indicator
loan documents indicate the
Borrower has been directly or
indirectly obligated on a loan that
resulted in foreclosure, transfer of
title in lieu of foreclosure, or
judgment. Provide as applicable
for legal entities.
No
Yes
600
Y
Y
Self-Employed
Indicator
Select “Yes” if the referenced
income being used to qualify the
Borrower is from selfemployment. This is not
applicable for legal entities.
No
Yes
153
G. Borrower Section Continued for Secondary Borrower(s)
Field
Number
Sort
ID
MBS
Whole
Loan
G28
541
Y
Y
Last Name
Enter co-borrower Last Name. If
the co-borrower's name is a
single name (instead of first
name and last name), provide
the single name in the CoBorrower Last Name field.
35 characters
G29
540
Y
Y
First Name
Enter co-borrower First Name. If
the co-borrower's name is a
single name (instead of first
name and last name), provide
the text "Not Applicable" in the
Borrower First Name field.
25 characters
G30
542
Y
Y
Middle Initial
1 character
G31
543
Y
Y
Suffix
G32
567
Y
Y
Age
Enter the co-borrower Middle
Initial. Only middle initial is
supported at this time.
Enter the co-borrower Suffix. Use
abbreviations.
Enter the co-borrower's age.
G33
608
Y
Y
Gender
Field Name
Purpose of Field
the co-borrower's gender. Select
"Not Applicable" if the coborrower is a legal entity. If the
co-borrower is a living trust,
select the gender of the
Allowable Drop-Down
Values
4 characters
2 characters
1 - Male
2 - Female
3 - Information Not
Provided Unknown
4 – Entity
154
Field
Number
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
trust.
G34
610
Y
Y
Race (5)
the co-borrower's race. Use "Not
legal entity. If the co-borrower is
a living trust, select the race of
the individual who established
the trust. Up to 5 Race types may
be included per borrower.
1 - American Indian or
Alaskan Native
2 - Asian
3 - Black or African
American
4 - Native Hawaiian Or
Other Pacific Islander
5 - White
6 - Information Not
Mail, Internet or
G35
609
Y
Y
Ethnicity
the co-borrower's ethnicity. Use
"Not Applicable" if the coborrower is a legal entity. If the
co-borrower is a living trust,
select the ethnicity of the
trust.
1 - Hispanic or Latino
2 - Not Hispanic or Latino
3 - Information Not
Mail, Internet or
G36
598
Y
Y
Citizenship Residency
Type
the co-borrower's U.S. citizenship
or alien status, as collected on
the Uniform Residential Loan
Application (URLA ) (Section VIII,
lines j. and k.).
Non-Permanent Resident
Alien
Permanent Resident
Alien
US Citizen
G37
568
Y
Y
Date of Birth
Enter the co-borrower’s date of
birth.
MM/DD/YYYY
calendar icon.
G38
544
Y
Y
Entity Full Name
Enter the Entity full name for coborrower.
35 characters
present <, >, “, %
G39
545
Y
Y
Legal Entity Type
the entity type of the party or
organization.
Corporation
Government Entity
Joint Venture
Land Trust And
Beneficiary Is Individual
Limited Liability Company
Limited Partnership
Nonprofit Corporation
Partnership
155
Field
Number
Sort
ID
MBS
Whole
Loan
G40
613
Y
Y
Taxpayer ID Type
G41
614
Y
Y
Taxpayer ID
G42
590
Y
Y
G43
580
Y
G44
582
G45
Field Name
Purpose of Field
Allowable Drop-Down
Values
the type of identification number
used by the Internal Revenue
Service (IRS) in the
administration of tax laws. It is
issued either by the Social
Security Administration (SSA) or
the IRS. A Social Security
Number (SSN) is issued by the
SSA; all other taxpayer
identification numbers are issued
by the IRS.
Enter the co-borrower Taxpayer
ID number. Numeric data only.
Employer ID No.
Individual Taxpayer ID
No.
Social Security No.
Credit Score
Enter value indicating the
representative credit score
assigned to the co-borrower.
4 characters
Y
Credit Report ID
Enter the credit reference
number associated with the
Borrower credit report used to
underwrite the delivered loan.
This field is not applicable for
legal entities.
30 characters
Y
Y
Credit Repository
Source Indicator
Select “No” or “Yes.” Select “No”
when the co-borrower is relying
on nontraditional credit.
No
Yes
583
Y
Y
Credit Score Source
the credit bureau associated with
the decision credit score. This
field is used in conjunction with
Credit Repository Source
Indicator.
01- Equifax
02 - Trans Union
03 - Experian
G46
573
Y
Y
Qualifying Income
Enter the co-borrower monthly
income that was used to qualify
for the mortgage loan. The
combined monthly income of all
borrowers whose income was
used to qualify for the mortgage
should be provided in Monthly
Income field located in the
9 numeric digits
G47
597
Y
Y
1st Time Homebuyer
Indicates that the borrower
qualifies as a first time
homebuyer as determined by the
lender and/or the investor. (Note:
Information provided by the
borrower in Section VIII, line m,
of the URLA, regarding
ownership of a property in the
past three years, may not be
relied upon for this information.)
No
Yes
9 characters
156
Field
Number
Sort
ID
MBS
Whole
Loan
G48
576
Y
Y
Counseling Confirmation
Type
the type of mortgage counseling
or education program attended
by one or more of the coborrowers.
Borrower Did Not
Participate
Government Agency
HUD Approved
Counseling Agency
Lender Trained
Counseling
Mortgage Insurance
Company
No Borrower Counseling
Non-Profit Organization
G49
578
Y
Y
Counseling Format Type
the educational setting of the
formal borrower homeownership
program in which the coborrower participated as a
requirement of a special
mortgage program.
Borrower Did Not
Participate
Borrower Education Not
Required
Classroom
Home Study
Individual
G50
596
Y
Y
Bankruptcy Indicator
loan documents indicate that the
Secondary Borrower has
declared bankruptcy within the
past 7 years. Provide as
No
Yes
G51
599
Y
Y
Foreclosure or
Judgement Indicator
loan documents indicate the
Secondary Borrower has been
directly or indirectly obligated on
a loan that resulted in
foreclosure, transfer of title in lieu
of foreclosure, or judgment.
Provide as applicable for legal
entities.
No
Yes
G52
600
Y
Y
Self-Employed Indicator
Select “Yes” if the referenced
income being used to qualify the
Secondary Borrower is from selfemployment. This is not
No
Yes
Field Name
Purpose of Field
Allowable Drop-Down
Values
157
H. Contract/Commitment
Field
Number
H1
Sort
ID
399
H2
642
H3
378
H4
381
MBS
Whole
Loan
Y
Field Name
Purpose of Field
Allowable Drop-Down
Values
N/A
Commitment Number
Read-Only. The Fannie Mae
commitment number cannot be
changed on the Loan Details
screen.
Y
Payee Code
Select a payee code from the
drop-down list. Used to indicate
where the purchase proceeds for
a Whole Loan delivery are to be
sent. The only reasonable values
supported at this time are ninecharacters long.
Custom based on the
data stored in the Payee
Code Management
screen.
Y
Y
Ownership Percent
Enter the contractual percent of
interest that we will be
purchasing for a Whole Loan
(cash) delivery or an MBS pool of
participation interests. If no
contractual ownership
arrangement exists, this value
should equal 100. All loans in the
pool or commitment must have
the same Ownership Percent.
3 digits
Y
Y
Remittance Type
Remittance Type specified on
your Commitment for a Whole
Loan. MBS loan Remittance
Type must always equal
Scheduled/Scheduled.
1 - Actual/Actual
2 - Scheduled/Actual
3 - Scheduled/
Scheduled
158
Field
Number
H5
Sort
ID
MBS
400
Y
H6
378
Y
H7
389
Y
Whole
Loan
Y
Field Name
Purpose of Field
Allowable Drop-Down
Values
Contract Number
On the Loan Details you must enter
the contract number. If there are
multiple contract numbers you can
specify each different contract on the
Loan Details screen.
6 characters
Ownership Percent
interest that we will be purchasing for
a cash delivery or an MBS pool of
contractual ownership arrangement
exists, this value should equal 100. All
loans in the pool or commitment must
have the same Ownership Percent.
3 digits
Default Loss Party
party that bears the default loss for
the loan. Used in conjunction with
REO Marketing Party to determine
Foreclosure Loss Risk Code.
Maps to Foreclosure Loss Risk Code
as follows:
F=
LoanDefaultLossPartyType="Investor"
and
REOMarketingPartyType="Investor"
L=
LoanDefaultLossPartyType="Lender"
and
REOMarketingPartyType="Lender"
S=
LoanDefaultLossPartyType="Shared"
and
M=
and
Investor
Lender
Shared
159
Field
Number
H8
Sort
ID
MBS
391
H9
Whole
Loan
Allowable Drop-Down
Values
Field Name
Purpose of Field
Y
REO Marketing Party
party responsible for marketing the
property in case of default.
Used in conjunction with Loan Default
Loss Party to determine Foreclosure
Loss Risk Code.
Maps to Foreclosure Loss Risk Code
as follows:
F=
LoanDefaultLossPartyType="Investor"
and
L=
LoanDefaultLossPartyType="Lender"
and
S=
and
M=
and
Investor
Lender
380
Y
Remittance Day
Enter the day of the month the
servicer will remit to Fannie Mae. The
standard Remittance Day is day 18 of
the month. For an MBS Express®
pool, indicate four even though the
remittances can actually take place
on two different dates.
--DD
H10
381
Y
Remittance Type
Remittance Type specified on your
Commitment for a Whole Loan.
1 - Actual/Actual
2 - Schedule/Actual
3 - Scheduled/Scheduled
H11
N/A
Y
Same Month Pooling
Read-Only. This field is read-only and
based on the data provided.
N/A
H12
369
Y
Guaranty Fee Per
Contract
Enter the Base Guaranty Fee. Base
Guaranty Fee does not include any
adjustment to reflect the Alternative
Payment Method (APM) remittance
cycle or a buyup/buydown of the
guaranty fee.
3 numeric
H13
374
Y
Guaranty Fee After
APM
Enter the Guaranty Fee After APM as
basis points.
3 numeric
H14
375
Y
Guaranty Fee After
Buyup/Buydown
Enter the Guaranty Fee After
Buyup/Buydown. This field is
displayed and entered as basis
points.
3 numeric
Y
160
I. ARM
Field
Number
I1
Sort
ID
MBS
Whole
Loan
379
Y
Y
Plan Number
Enter the Plan Number for the
loan. For MBS, all loans in the
pool must have the same Plan
Number.
5 digits
I2
111
Y
Y
Index
Select the index for the ARM loan.
See below for the
complete list of allowable
values*
I3
312
Y
Y
Disclosed Index Rate
Enter the index value used to
calculate the disclosed interest
rate on the final Truth-in-Lending
(TILA) Disclosure statement.
Enter the value of the index.
Percent XXX.XXXX (up to
decimal)
I4
321
Y
Y
Original Note Rate
Enter the actual interest rate as
disclosed on the Note.
decimal)
I5
119
Y
Y
Mortgage Margin
Enter the number of percentage
points to be added to the index to
arrive at the new interest rate.
decimal)
I6
116
Y
Y
Minimum Mtg Interest
Rate
Enter the stated minimum rate to
which the interest rate can
decrease to over the life of the
loan.
decimal)
I7
355
Y
Y
Next Rate Adjustment
Date
Enter the next interest change
date occurring after the mortgage
is delivered to the GSE.
MM/DD/YYYY
calendar icon.
I8
117
Y
Y
Rounding %
Enter the Rounding Percent.
Used in conjunction with Interest
Rate Rounding Type. All loans in
the pool must have the same
Interest Rate Rounding Percent.
decimal)
Field Name
Purpose of Field
Allowable Drop-Down
Values
161
Field
Number
I9
Sort
ID
MBS
Whole
Loan
236
Y
Y
Initial Fixed Period
Enter the number of months from
the First Payment to the First Rate
Change Date.
3 digits
I10
114
Y
Y
Maximum Mtg Interest
Rate
Enter the stated maximum
percentage to which the interest
rate can increase over the life of
the loan.
decimal)
I11
115
Y
Y
1st Payment Change
Date
Enter the due date of the payment
at the first calculated interest rate
change. To arrive at the actual
(true) date that interest begins to
accrue at the changed rate, one
payment period is subtracted if
interest is paid in arrears.
MM/DD/YYYY
calendar icon.
I12
118
Y
Y
Rounding Type
Select the value that indicate how
the interest rate is rounded when
a new interest rate is calculated
for an ARM change. This field is
used in conjunction with Interest
Rate Rounding Percent, which
indicates the percentage to which
the rounding occurs.
Down
Nearest
No Rounding
Up
I13
113
Y
Y
Standard Lookback
Days
Enter the Standard Lookback
Days. The lookback period for a
standard ARM. For MBS, all loans
in the pool must have the same
Interest and Standard Lookback
Days.
3 digits
I14
131
Y
Y
% of Increase
Enter the number of percentage
points by which the principal and
interest payment adjusts.
decimal)
I15
268
Y
Y
Initial P&I
This refers to the principal and
interest portions of the monthly
mortgage payment.
Amount XXXXXXX.XX
decimal)
I16
122
Y
Y
1st Rate Change
Cap Up %
percentage points by which the
rate can increase from the
previous interest rate.
decimal)
I17
121
Y
Y
1st Rate Change
Cap Down %
Enter The maximum number of
rate can decrease from the
decimal)
I18
123
Y
Y
1st Rate Change
Rate Change Date
Enter the date when the Interest
Rate Per Change Adjustment
Rule first becomes applicable.
The Interest Rate Per Change
Adjustment Rule remains in effect
unless another Interest Rate Per
Change Adjustment Rule with a
later date is present on the loan.
YYYY/MM/DD
calendar icon.
I19
124
Y
Y
1st Rate Change
Rate Adjustment
Frequency
Enter the number of months
between rate adjustments, if the
interest rate on the subject loan
can change.
3 digits
Field Name
Purpose of Field
Allowable Drop-Down
Values
162
Field
Number
I20
Sort
ID
MBS
Whole
Loan
Field Name
122
Y
Y
Subsequent Cap Up %
rate can increase from the
decimal)
I21
121
Y
Y
Subsequent
Cap Down %
Enter The maximum number of
rate can decrease from the
decimal)
I22
123
Y
Y
Subsequent
Rate Change Date
Enter the date when the Interest
Rate Per Change Adjustment
Rule first becomes applicable.
The Interest Rate Per Change
Adjustment Rule remains in effect
unless another Interest Rate Per
Change Adjustment Rule with a
later date is present on the loan.
YYYY/MM/DD
calendar icon.
I23
124
Y
Y
Subsequent
Rate Adjustment
Frequency
interest rate on the subject loan
can change.
3 digits
Purpose of Field
Allowable Drop-Down
Values
163
J. Other Financing – First Lien Property Type
Field
Number
J1
Sort
ID
517
Y
Whole
Loan
Y
Lien Priority Type
priority of the lien against the
subject property. When a second
is being delivered, this is the
related loan (first lien).
J2
513
Y
Y
HELOC Indicator
second lien is a HELOC.
No
Yes
J3
519
Y
Y
Mortgage Type
type of mortgage being applied for,
or that has been granted.
J4
516
Y
Y
Current UPB
balance (UPB) for the related loan.
1 - FHA
2 - VA
3 - Conventional
USDA Rural Housing
Amount
XXXXXXXXX.XX (up to
decimal)
J5
511
Y
Y
HELOC Max Credit
Line
Enter the total dollar amount of the
Home Equity Line of Credit
(HELOC) as of the date reported.
Amount
XXXXXXXXX.XX (up to
decimal)
J6
512
Y
Y
HELOC Outstanding
Balance
Enter outstanding balance of the
Home Equity Line of Credit
(HELOC).
Amount
XXXXXXXXX.XX (up to
decimal)
MBS
Field Name
Purpose of Field
Allowable Drop-Down
Values
Second
Third
Fourth
164
J. Other Financing – Second Lien Property Type
Field
Number
J7
Sort
ID
507
Y
Whole
Loan
Y
J8
519
Y
J9
497
J10
MBS
Field Name
Purpose of Field
Allowable Drop-Down
Values
First
Lien Priority Type
subject property. When a second
is being delivered, this is the
related loan (first lien).
Y
Mortgage Type
type of mortgage being applied
for, or that has been granted.
1 - FHA
2 - VA
3 - Conventional
USDA Rural Housing
Y
Y
Amortization Type
amortization type for this loan.
When Amortization Type is not
equal to Fixed Rate (i.e., ARM)
the ARM section will be displayed.
For MBS, all loans in the pool
must have the same Loan
Amortization Type.
1 - Fixed Rate
3 - GPM
4 - GEM
6 - ARM
7 - GPARM
9 - Step Rate
499
Y
Y
Balloon
J11
509
Y
Y
Original Loan Amount
loan has balloon characteristics.
Enter the amount to be repaid as
disclosed on the original Note.
No
Yes
Amount XXXXXXXXX.XX
decimal)
J12
516
Y
Y
Current UPB
balance (UPB) for the related
loan.
Amount XXXXXXXXX.XX
decimal)
J13
506
Y
Y
1st Payment Date
Enter the due date of the first loan
payment, as shown on the related
mortgage note.
MM/DD/YYYY
calendar icon.
For a biweekly payment
mortgage, indicate the actual date
the first biweekly payment is due.
For an MBS pool delivery only,
the system will convert a first
payment date that is any day
other than the first day of the
month, as the first day of the
following month before it performs
any calculation. This is for editing
165
Field
Number
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
purposes only - the date is not
physically modified.
J14
503
Y
Y
Original Term
indicate the biweekly amortization
term. If the final biweekly payment
falls on a day other than the first
of the month, the entire month
must be included in the term.
3 digits
For an MBS pool delivery of a
indicate the term over which the
mortgage will be amortized rather
than the biweekly term.
balloon mortgage, indicate the
term of the balloon (for example, a
30-year mortgage with a sevenyear balloon payment should
reflect 84 months, not 360).
For a Modified loan provide the
Original Term at the time of
modification.
J15
504
Y
Y
Original Term Period
original term period. Original Term
Period must = "Month."
Month
166
K. Special Products
Field
Number
MBS
Whole
Loan
K1
Sort
ID
145
Y
Y
Contributor
K2
147
Y
Y
Frequency
K3
148
Y
Y
Duration
K4
149
Y
Y
Increase Rate %
Field Name
Purpose of Field
Allowable Drop-Down
Values
the buydown contributor. Enter
"Lender" for temporary buydowns
funded with premium financing.
Enter "Borrower" for all other
temporary buydown contributors.
If it is not a temporary buydown
(i.e., permanent buydown) this
field does not apply.
Enter the number of months that
represents the time interval in
months between interest rate
increases during the buydown
period. For example, if the
interest rate increases annually
during a two year buydown, the
frequency of interest rate change
is 12 months.
Enter the duration of the
buydown temporary subsidy.
Borrower
Interested Third Party
Lender
Enter the percentage by which
the interest rate can increase at
each adjustment period within the
buydown duration. For example,
if the interest rate increases 1%
annually during a two year
buydown, the percentage
increase is 1.0.
Percent XXX.XXXX (up
to 3 digits prior to the
decimal)
3 digits
3 digits
167
Field
Number
MBS
Whole
Loan
K5
Sort
ID
150
Y
Y
Initial Discount %
Include for all sources
(Borrower/Seller/Lender/Builder).
If the subject loan is a nonmodified loan and that loan has a
buydown feature, enter the
difference between the Note Rate
and the 'bought down' rate that
goes into effect as of closing.
If the subject loan is a modified
loan, and that loan has a
buydown feature, enter the
difference between the Note Rate
and 'bought down' rate that goes
into effect as of the modification
date.
For example, if the Note Rate is
4% on a 3-2-1 buydown, the
number delivered is 3.0.
If the source
(Borrower/Seller/Builder)
contributed an amount as part of
a concession, this amount must
be converted to a percentage.
decimal)
K6
218
Y
Y
Interest Only End Date
Enter the date on which interestonly payments end.
MM/DD/YYYY
calendar icon.
K7
162
Y
Y
Loan Type
Specifies the specific type of
construction loan.
K8
165
Y
Y
C2P Closing Type
Specifies the type of closing for
the Construction to Permanent
loan.
Construction Only
Construction To
Permanent
One Closing
Two Closing
K9
163
Y
Y
C2P Closing Feature
Specifies the type of feature
associated with closing for the
Construction To Permanent loan.
Automatic Conversion
Modification Agreement
New Note
K10
167
Y
Y
C2P 1st Payment Date
The due date of the first payment
of the permanent mortgage
phase of a construction to
permanent loan.
MM/DD/YYYY
calendar icon.
K11
259
Y
Y
Modification Date
Enter the date on which the
change in the terms of the Note
go into effect.
MM/DD/YYYY
calendar icon.
K12
344
Y
Y
1st Payment Date
Enter the date of the first
scheduled mortgage payment to
be made by the borrower under
the terms of the mortgage.
MM/DD/YYYY
calendar icon.
K13
337
Y
Y
Balloon
the loan (pre-modification) has
balloon characteristics. Balloon
is no longer a valid Loan
Amortization value. If the loan is
a balloon the Balloon Indicator
must equal "Yes."
No
Yes
Field Name
Purpose of Field
Allowable Drop-Down
Values
168
Field
Number
MBS
Whole
Loan
K14
Sort
ID
337.2
Y
Y
Interest Only
the loan (pre-modification) has
interest only characteristics.
No
Yes
K15
333
Y
Y
Amortization Type
the amortization type for the
related loan. When a loan has
been modified, this is the
amortization type of the original
loan. Balloon is no longer a valid
Loan Amortization value. If the
loan is a balloon the Balloon
Indicator must equal "Yes."
1 - Fixed Rate
3 - GPM
4 - GEM
6 - ARM
7 - GPARM
9 - Step Rate
K16
349
Y
Y
Original Loan Amount
Enter the amount to be repaid as
disclosed on the original Note.
Amount
XXXXXXXXX.XX (up to 9
digits prior to the
decimal)
K17
332.2
Y
Y
1st Rate Adj Frequency
interest rate on the loan being
delivered can change.
3 digits
K18
347
Y
Y
Mortgage Type
the type of mortgage before the
modification.
1 - FHA
2 - VA
3 - Conventional
USDA Rural Housing
K19
340
Y
Y
Maturity Date
Enter the date when the loan is
scheduled to be paid in full as
reflected on the Note.
MM/DD/YYYY
calendar icon.
K20
342
Y
Y
Payment Frequency
Monthly
K21
351
Y
Y
Note Rate
the payment frequency.
Payment Frequency must =
"Monthly."
Enter the actual interest rate as
disclosed on the Note.
K22
124
Y
Y
Subsequent Rate Adj
Frequency
Enter the adjustment to be made
to the interest rate amount.
K23
335
Y
Y
Interest Calculation Type
K24
337.1
Y
Y
Initial Fixed Period
K25
450
Y
Y
HIP Product Code
the method used to calculate the
interest on the loan. When a
loan has been modified, this is
the interest calculation type of the
original loan.
the initial fixed period of an ARM
is in effect.
the Fannie Mae-specific home
improvement product. This is the
existing HIP Product Code, and
should be delivered under the
terms of your negotiated contract.
Field Name
Purpose of Field
Allowable Drop-Down
Values
decimal)
Simple
3 digits
001 - Title I
003 - Construction
to Perm
005 - Conventional DSI Whole Loans
006 - DSI - MBS
007 - A/A Biweekly
169
Field
Number
MBS
Whole
Loan
K26
Sort
ID
269
Y
Y
Lead Days
Enter the number of days
between the billing date and
payment due date.
2 digits
K27
209
Y
Y
Interest Accrual Type
K28
211
Y
Y
Interest Calculation
Basis Type
the formula used to calculate
interest accrued since the
previous payment.
the loan balance upon which the
interest is calculated.
02 - Daily Interest
Accrual
03 - Average Daily
Interest Accrual
01 - End of Period
02 - Daily Loan Balance
03 - Average Balance
K29
367
Y
Y
Accrued Interest
Enter the remaining interest that
is due from the prior period.
Amount XXXXXXX.XX
decimal)
K30
217
Y
Y
Interest Accrual Start
Date
Enter the date that interest
begins to accrue for a loan.
MM/DD/YYYY
calendar icon.
K31
210
Y
Y
Basis Year
360
365
366
K32
213
Y
Y
Duration of Interest
Formula
K33
441
Y
Y
Last Payment Received
Date
the number of days in a year to
be used for a loan’s interest
calculation. Commonly used for
daily simple interest and other
loans for which interest due is
calculated monthly.
the Interest Determination
formula is in effect.
Enter the actual date the last
payment by the borrower was
received by the lender.
Field Name
Purpose of Field
Allowable Drop-Down
Values
3 digits
MM/DD/YYYY
calendar icon.
170
L. DU Compare
This section is Read-Only and only displays when a DU Casefile ID has been provided in the General Information section.
171
Appendix C: Fields on the Pool Details Page
The table in this appendix explains the purpose of each field on the Pool Details page and provides guidance
for entering the necessary data in the fields.
Pool Details Page
Pool Detail Information
Field
Number
1
Sort
ID
667
2
3
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
6 characters
Y
Pool Number
Enter the Fannie Mae pool
number you obtained from the
pool number request function in
Loan Delivery. If you are
delivering into a Fannie Majors,
enter a suffix to identify this
piece of the pool.
685
Y
Suffix
Enter the unique, three-digit
alphanumeric code used to
identify an individual MBS pool
submission that will be part of a
Fannie Majors multiple pool. The
suffix will allow a lender to
update and transmit each part of
the pool separately.
3 characters
674
Y
Pool Issue Date
Enter the issue date of the
securities for an MBS pool
delivery. The date must be the
first day of either the current or
next month. User can select
from the calendar icon.
MM/DD/YYYY
calendar icon.
172
Field
Number
4
Sort
ID
682
5
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
decimal)
Y
Pass-Through Rate
Enter the coupon rate of the
securities as of the issue date of
the MBS pool. For weightedaverage pools, the system
calculates the pass-through rate.
652
Y
Financial Institution
Number
Select the 11-digit, Fannie Maeassigned identification number
of the financial institution that will
maintain custody of the
mortgage documents for the
loans in this pool. Loan Delivery
will transmit your pool
information to this document
custodian for certification.
11 characters
6
655
Y
Seller Number
Select the nine-digit
identification number assigned
to your organization by Fannie
Mae.
Drop-down value based
on your login
7
686
Y
Delivery Date
Enter the date that the security
will be delivered to the
designated book entry account.
calendar icon.
MM/DD/YYYY
calendar icon.
8
666
Y
Minimum Servicing Fee
(Basis Points)
Enter the Servicing Fee due to
the Servicer. Must be greater
than 0.00.
N/A
9
681
Y
Remittance Day
Enter the day of the month the
servicer will remit to Fannie
Mae. The Standard Remittance
Day is day 18 of the month. For
an MBS Express® pool, indicate
"four" even though the
remittances can actually take
place on two different dates.
---DD
10
658
Y
Servicer Number
Enter the nine-digit identification
number assigned to your
servicer by Fannie Mae.
9 digits
11
662
Y
Amortization Type
the amortization type for this
pool.
12
661
Y
Accrual Rate Method
Specifies the structure used to
determine the accrual interest
rate for the pool.
1 - Fixed Rate
3 - GPM
4 - GEM
6 - ARM
7 - GPARM
9 - Step Rate
S - Simple
W - Weighted
13
680
Y
Ownership %
interest that we will be
purchasing for a MBS pool of
contractual ownership
arrangement exists, this value
3 digits
173
Field
Number
Sort
ID
MBS
Whole
Loan
Field Name
Purpose of Field
Allowable Drop-Down
Values
should equal 100. All loans in
the pool or commitment must
have the same Ownership
Percent.
14
683
Y
Pool Type
whether the pool is a singlelender pool or a Fannie Majors
(multiple-lender) pool.
M - Fannie Major
M - Lender Initiated
Multiplex
S - Single
15
678
Y
Mortgage Type
the Mortgage Type.
1 - FHA
2 - VA
3 - Conventional
USDA Rural Housing
16
651
Y
Pool Feature Codes (3)
Select up to three codes from
the drop-down list to describe
special characteristics of the
pool.
3 digits
17
670
Y
Interest Only Indicator
Select No or Yes. Indicates all
the loans in the Pool have
interest only characteristics.
No
Yes
18
665
Y
Balloon Indicator
balloon characteristics.
No
Yes
19
664
Y
Assumability Indicator
assumable characteristics.
No
Yes
20
Y
MBS Wiring Instruction
Provides the ability to add
predefined wiring instructions.
21
Y
Amount ($)
Pre-populated amount of the
issue balance of a pool.
174
Pool Parameter
Field
Number
22
23
Field Name
Purpose of Field
Pass-Through Rate
Divisor
Enter the coupon rate of the securities as of the
issue date of the MBS pool. For weighted-average
pools, the system calculates the pass-through rate.
Percent XX.XXXX (up to 2 digits
prior to the decimal)
Maximum Original
Term
For a Whole Loan delivery of a biweekly payment
mortgage, indicate the biweekly amortization term. If
the final biweekly payment falls on a day other than
the first of the month, the entire month must be
included in the term.
3 digits
For an MBS pool delivery of a biweekly payment
mortgage, indicate the term over which the
mortgage will be amortized rather than the biweekly
term.
For a Whole Loan delivery of a balloon mortgage,
indicate the term of the balloon (for example, a 30year mortgage with a seven-year balloon payment
should reflect 84 months, not 360).
24
Max Note Rate
Spread (bps)
For a Modified loan provide the Original Term at the
time of modification.
Maximum basis points a lender can charge a
customer.
Percent XX.XXXX (up to 2 digits
prior to the decimal)
175
ARM Information
This section is displayed when the amortization type is an Adjustable Rate Mortgage.
Field
Number
25
Field Name
Plan Number
Purpose of Field
For MBS, all loans in the pool must have the same
Plan Number. The only reasonable values at this
time are five numeric digits.
For ARM pools, enter the number of days to count
back from the interest rate change date to
determine the index value to be used for
establishing the new interest rate for the loans in
this pool.
Enter the Fixed Servicing Fee.
5 digits
26
Standard Lookback
Days
27
Fixed Servicing Fee
(Basis Points)
28
Rounding %
For ARM pools, enter rounding percent (i.e., 0.125
or 0.25, etc.) that identifies the rounding accuracy
applied to the interest rate in ARM pools after an
interest rate change.
Percent XXX.XXXX (up to 3 digits prior to
the decimal)
29
Flex Indicator
N/A
30
MBS Margin
Check the box when utilizing the pooling option for
pools with varying rate adjustment dates and an
unlimited range of coupons, margins and life caps
into the same ARM MBS.
Indicates the amount to be added to the index
value for an adjustable-rate mortgage to develop
the MBS pool accrual rate or the weighted-average
MBS pool accrual rate; must be divisible by .125;
enter zeroes, if the MBS pool has a weightedaverage structure based on a "fixed servicing fee."
The only reasonable values supported at this time
are restricted to a format of Percent 2.4.
31
Weighted MBS
Margin
Read-Only. This is a Loan Delivery field generated
from the data you have provided. The weighted
average of the margins of the mortgages in a pool.
The margin is the number of percentage points that
is added to the current Index value to establish the
new note rate at each interest change date.
N/A
32
Rounding Type
Select the value that indicates the rounding method
applied to the interest rate in ARM pools after an
interest rate change.
33
Pool Accrual Rate
Minimum
For an ARM pool, enter the minimum rate
(expressed as a percentage) at which interest
could accrue on the pool.
Down
Nearest
No Rounding
Up
Percent XX.XXXX (up to 2 digits prior to
the decimal)
34
Pool Accrual Rate
Maximum
For an ARM pool, enter the maximum rate
(expressed as a percentage) at which interest
could accrue on the pool.
3 digits
the decimal)
the decimal)
the decimal)
176
GFee – BU/BD
This section is displayed when there are loans within a pool.
Field
Number
Field Name
Purpose of Field
Automatic Fit
Select when you want Loan Delivery to calculate
automatically the guaranty fee rate buyups or
buydowns necessary to fit the desired servicing fee
rate you establish, and you want to retain the same
servicing fee rate for all loans in a pool.
Customized Fit
Select when there is a Customized Fit for the
Guaranty Fee After Buyup/Buydown. Note when
select, additional fields are required. Select when you
want Loan Delivery to use the guaranty fee information
on each loan record.
177
Automatic Fit
Field
Number
35
Field Name
Purpose of Field
Automatic Fit
Select when you want Loan Delivery to calculate
automatically the guaranty fee rate buyups or
buydowns necessary to fit the desired servicing
fee rate you establish, and you want to retain the
same servicing fee rate for all loans in a pool.
36
Contract Number
Read-Only. This field is read-only and based on
the data provided.
N/A
37
Min Guaranty Fee After
BuyDown (Basis Points)
The minimum number of basis points the contract
allows you to buydown the guaranty fee. Only
change the default if the contract specifies a
different amount.
Amount XXXX.XX (up to 4 digits prior
to decimal)
38
Max BuyUp (Basis
Points)
The maximum number of basis points the
contract allows you to buyup the guaranty fee.
Only change the default if the contract specifies a
different amount.
to decimal)
178
Customized Fit
Field
Number
39
Field Name
Customized Fit
Purpose of Field
Select when there is a Customized Fit for the
Guaranty Fee After Buyup/Buydown. Note when
select, additional fields are required. Select when
you want Loan Delivery to use the guaranty fee
information on each loan record.
Read-Only. This field is read-only and based on the
data provided.
40
Contract Number
41
Guaranty Fee
Read-Only. This field is based on the amount
specified in the MBS contract.
N/A
42
Note Rate
Read-Only. This field is read-only and based on the
data provided.
N/A
43
Guaranty Fee After
BU/BD (Basis Points)
Enter the desired Guaranty Fee After BU/BD for
each Contract/Note Rate.
to decimal)
N/A
179
Appendix D: Fields on the MBS Wiring Instruction Page
This appendix explains the purpose of the fields on the MBS Wiring Instruction page for adding new wiring
instruction and provides guidance for entering the necessary data in the fields. To access this page from the
Seller Profile tab on the Home page, select MBS Wiring Instructions, then click on the Add button.
Adding MBS Wiring Instructions Page
Field
Number
1
Field Name
Purpose of Field
Nickname
Unique word assigned as nickname.
Up to 30-character alphanumeric value.
Once wiring instructions have been created and
saved, the nickname field cannot be changed.
2
ABA Number
A routing number assigned to banking
institutions by the Federal Reserve Board.
Nine-digit numeric value.
3
Telegraphic
Abbreviation
The exact name (short form) assigned by
the Federal Reserve Bank of New York for
the depository institution to which the
security is being wired.
Up to 18-character alphanumeric value. Not all
financial institutions have been assigned a
telegraphic abbreviation.
4
Seller Number
Choose the seller number that you want to
associate with a new wiring instruction.
Note: You cannot change the seller
number that is associated with an existing
wiring instruction.
Nine-digit numeric value.
Once wiring instructions have been created and
saved, the Seller Number field cannot be changed.
5
Receiver SubAccount
The short name that identifies the account
at the depository institution to which the
MBS will be wired.
Enter up to 20 characters
180
Field
Number
6
7
Field Name
Purpose of Field
Owner Account
Name
Name of lender’s account at the
depository institution where the securities
are being wired.
Name of the correspondent bank when a
correspondent relationship exists between
the holder and the depository institution.
Up to 40-character alphanumeric value.
This field may indicate special processing to Fannie
Mae, such as entering SOON to indicate that a pool
is being entered under an As Soon As Pooled®
agreement.
Owner Account
Number
The lender’s account number at the
depository institution where the securities
will be wired.
Up to 20-digit numeric value.
181

Loan Delivery User Guide

Transcription

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