ADDENDUM TO MORTGAGE SELLING AND SERVICING CONTRACT (Early Advance Reimbursement Agreement)
EXHIBIT 10.1
Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.
ADDENDUM
TO
(Early Advance Reimbursement Agreement)
This Addendum (the “EAR Agreement”) to that Mortgage Selling and Servicing Contract dated March 23, 2005 (the "MSSC”) is made by and between Xxxxxx Xxx (“Xxxxxx Xxx”), a corporation organized and existing under the laws of the United States, and Green Tree Servicing LLC (“Servicer”), a Delaware limited liability company, and is effective April1, 2014.
WHEREAS, Servicer services, on behalf of Xxxxxx Mae, certain residential mortgage loans and real estate owned (REO) properties owned or securitized by Xxxxxx Xxx, in accordance with the MSSC and Xxxxxx Mae Servicing Guide; and
WHEREAS, Xxxxxx Xxx and Green Tree have entered into those certain servicing agreements (collectively, the “Agreements”) as follows:
a) Mortgage Loans Servicing Agreement dated June 30, 2008 (“Option One” portfolio);
b) Mortgage Loans Servicing Agreement dated July 31, 2008 (“Barclays” portfolio);
c) Interim Servicing Addendum to the Mortgage Selling and Servicing Contract dated March 19, 2009 (“Bank United” portfolio);
d) Green Tree Supplemental Servicing Agreement dated October 31, 2009 (“Nat City” portfolio);
e) Subservicing Addendum to the Mortgage Selling and Servicing Contract dated February 1, 2010 (“Xxxxxxxx” portfolio);
d) Mortgage Selling and Servicing Contract as applicable to loans transferred from Franklin Bank (“Franklin Bank” portfolio), and
WHEREAS, Xxxxxx Xxx has agreed to provide to Servicer early reimbursement of certain Advances;
NOW, THEREFORE, in consideration of the mutual premises, covenants and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:
I. Addendum to MSSC. Xxxxxx Mae agrees to provide to Servicer early reimbursement of certain advances relating to loans and REO properties serviced under the MSSC, any Master Agreement and Xxxxxx Xxx Servicing Guide and under the Agreements pursuant to and subject to the conditions of the attached Exhibit A. This EAR Agreement replaces and supersedes in its entirety that Addendum to Mortgage Selling and Servicing Contract dated effective July 1, 2012, as thereafter amended (the “EAF Agreement”)..
II. Applicable Laws. This EAR Agreement will be construed in accordance with federal law and the laws of New York, without reference to the choice of law principles under the laws of New York.
III. Entire Agreement. All other terms, conditions, provisions, and covenants in the Agreements, the MSSC and the Xxxxxx Mae Selling and Servicing Guides, as may be updated or amended from time to time, shall remain unaltered and in full force and effect, except as modified by this EAR Agreement.
IV. Counterparts. This EAR Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which when taken together shall constitute a single agreement.
IN WITNESS WHEREOF, each of the undersigned parties to this EAR Agreement has caused this EAR Agreement to be duly executed in its name by one of its duly authorized officers, all as of the date first above written.
Xxxxxx Xxx | Xxxxx Tree Servicing LLC (Servicer) | |||
By: | /s/ Xxxx Xxxxxx | By: | /s/ Xxxxxx Xxxxxxx | |
Name: | Xxxx Xxxxxx | Name: | Xxxxxx Xxxxxxx | |
Title: | Vice President | Title: | Senior Vice President and Treasurer | |
Date: | 3/31/14 | Date: | 3/31/14 | |
EXHBIT A
EARLY ADVANCE REIMBURSEMENT AGREEMENT
EARLY REIMBURSEMENT PERIOD: | The period (“Early Reimbursement Period”) during which Xxxxxx Mae will make payments of Periodic Early Reimbursement Amounts (as defined below) in respect of Eligible Advances (as defined below), which will commence on the Closing Date and end on the first to occur of: 1. March 31, 2015 (unless extended or renewed in writing by Xxxxxx Xxx and Servicer); or 2. a Stop Event that is not waived by Xxxxxx Mae During the Early Reimbursement Period, Xxxxxx Xxx will make payments of Periodic Early Reimbursement Amounts as provided herein. Upon termination of the Early Reimbursement Period, Xxxxxx Mae will no longer pay Periodic Early Reimbursement Amounts and the Recoupment Period will commence. |
ELIGIBLE ADVANCES FOR EARLY REIMBURSEMENT: | Except as provided below, “Eligible Advance” shall include all of the following advances required to be made by the Servicer with respect to mortgage loans and real estate owned (REO) serviced by the Servicer (“Mortgage Loans”) pursuant to the MSSC and Xxxxxx Xxx Servicing Guide (the “Guide”) and the Agreements for which Servicer has not been repaid or reimbursed as of such date and which relate to mortgage loans directly originated by Servicer, or mortgage loans the servicing or subservicing rights to which were acquired from a third party as identified in Schedule 1: 1. “P&I Delinquency Advances” which are advances of principal or interest payments, including a “Foreclosure Buyout”). A “Foreclosure Buyout” is an advance required to be remitted as the result of an action taken during the preceding month with respect to a property reported under Xxxxxx Mae Action Codes 70, 71 or 72 at the start of the month in which the advance is due. 2. “T&I Escrow Advances” which are advances for the payment of taxes, assessments, insurance premiums, ground rents, and other similar items and charges, and 3. “Corporate Servicing Advances” which are advances other than P&I Delinquency Advances and T&I Escrow Advances. Eligible Advances shall also include any outstanding P&I Delinquency Advances, T&I Escrow Advances and Corporate Servicing Advances previously paid or reimbursed by Servicer and identified on Schedule 2 in connection with a servicing transfer to the Servicer. Each such advance shall be deemed a “Legacy Servicing Advance”. Notwithstanding the foregoing and except as identified in Schedules 1 and 2, Eligible Advances shall not include advances paid or reimbursed by Servicer in connection with a servicing transfer to the Servicer, including servicing transfers after the date of this EAR Agreement. However, the parties may by written agreement add additional Eligible Advances to Schedules 1 and 2 (as applicable), which Eligible Advances shall be deemed incorporated into the EAR Agreement. Eligible Advances also shall not include advances applicable to the payment of any guaranty or excess servicing fees or lender paid mortgage insurance premiums. Eligible Advances must have been actually incurred by the Servicer, and T&I Escrow Advances and Corporate Servicing Advances must fall under one of the 571 Codes in the Xxxxxx Xxx 571 Claims Guide. Notwithstanding anything to the contrary herein, after the date on which the underlying real estate/collateral is sold or disposed, the loan or REO Property is otherwise “liquidated” (including as a result of an event reported as Xxxxxx Mae Action Code of 70, 71 or 72), or loans have a zero UPB as a result of an event reported as Xxxxxx Xxx Action Code of 60 or 65 (the “Final Liquidation Date”), no Periodic Early Reimbursement Amounts will be paid by Xxxxxx Mae for advances made by the Servicer after the Final Liquidation Date on that Mortgage Loan. In addition, all Periodic Early Reimbursement Amounts must be repaid within one-hundred twenty (120) days after the Final Liquidation Date of the related loan, regardless of whether recoveries have actually been collected. Servicer shall not draw on any third party financing or other facility funds for use to pay amounts attributable to Eligible Advances for which Xxxxxx Xxx has made payment to Servicer of Periodic Early Reimbursement Amounts unless Servicer reduces the applicable Periodic Early Reimbursement Amount by a commensurate amount. Any such amounts shall be considered a collection or reimbursement related to Eligible Advances and be immediately deposited by the Servicer into a Collections Account. |
PERIODIC EARLY REIMBURSEMENT AMOUNT: | For any Reporting Cycle (as defined below), an amount equal to the Funding Value (as defined below) of Eligible Advances, subject to the Early Reimbursement Amount Limit (as defined below). If the Early Reimbursement Amount Limit is reached in a particular Reporting Cycle, Xxxxxx Mae shall reimburse P&I Delinquency Advances before T&I Escrow Advances or Corporate Servicing Advances and, within each category, Eligible Advances applicable to Mortgage Loans held directly by Xxxxxx Xxx (“MRS Advances”) prior to those Mortgage Loans held in an MBS trust (“MBS Advances”.) |
AGGREGATE EARLY REIMBURSEMENT AMOUNT: | As of any date of determination, the excess, if any, of (i) the total Periodic Early Reimbursement Amounts previously paid to Servicer by Xxxxxx Mae prior to such date over (ii) the aggregate, cumulative amount of Collections (as defined below) recouped by Xxxxxx Xxx prior to such date. In no event shall Xxxxxx Mae be obligated to make payment of any Periodic Early Reimbursement Amount that would result in the Aggregate Early Reimbursement Amount exceeding the Early Reimbursement Amount Limit. |
FUNDING VALUE: | With respect to any Eligible Advance as of any date of determination, the product of (x) the outstanding balance of such Eligible Advance as of such date and (y) the applicable Early Reimbursement Rate. |
EARLY REIMBURSEMENT RATE: | P&I Delinquency Advances: [***]%. T&I Escrow Advances: [***]% Corporate Servicing Advances: [***]% Legacy Servicing Advances shall have an Early Reimbursement Rate as provided in Schedule 2. The Early Reimbursement Rate for T&I Escrow Advances, Corporate Servicing Advances and Legacy Servicing Advances (excluding Legacy Servicing Advances which xxxxxxxxxx X&X Delinquency Advances) will be recalculated on the first day of each calendar quarter and will be based on the average cumulative Aged Advance Utilization Rate for the immediately preceding three (3) calendar months as follows: For purposes of this calculation, “Aged Advance Utilization Rate” shall mean the percentage of 1) the total of Eligible Advances applicable to Mortgage Loans on which the underlying real estate/collateral is sold or disposed, the loan or REO Property is otherwise “liquidated” (including as a result of an event reported as Xxxxxx Xxx Action Code of 70, 71 or 72), or loans have a zero UPB as a result of an event reported as Xxxxxx Mae Action Code of 60 or 65, divided by 2) the amount of Eligible Advances applicable to such Mortgage Loans previously reimbursed by Xxxxxx Xxx to Servicer under this EAR Agreement or the EAF Agreement. An Aged Advance Utilization Rate of less than [***]% may be considered a Stop Event by Xxxxxx Mae. Any revised Early Reimbursement Rate shall become effective for the Periodic Early Reimbursement Amount applicable to the next Reporting Cycle ninety (90) days after the Servicer is notified in writing by Xxxxxx Xxx of any revision. With respect to Mortgage Loans where Xxxxxxxx Mortgage, Inc. or Bank United was the original advancing servicer, any Eligible Advances related to such servicing transfers will not be included in Aged Advance Utilization Rate calculations. |
EARLY REIMBURSEMENT AMOUNT LIMIT: | Xxxxxx Mae's obligation to make payment of Periodic Early Reimbursement Amounts will not exceed a maximum Aggregate Early Reimbursement Amount of Nine-Hundred Fifty Million ($950,000,000) dollars. |
DEFICIENCY AMOUNT: | A Deficiency Amount shall exist on any date if, and to the extent that, on such date, the Aggregate Early Reimbursement Amount exceeds the Funding Value of all Eligible Advances. If a Deficiency Amount exists, the party that becomes aware of such event shall immediately notify the other party of the existence of any Deficiency Amount. Any such Deficiency Amount shall be cured by the Servicer within three business days of the Servicer becoming aware of the existence of a Deficiency Amount. Any Deficiency Amount attributable to the reduction of an Early Reimbursement Rate as provided herein shall be due and payable by Servicer within sixty (60) days. |
XXXXXX MAE DESIGNATED ACCOUNT: | “Designated Account” shall mean a Xxxxxx Xxx designated account created by Xxxxxx Mae in its name and under its control at a financial institution of Xxxxxx Mae’s choosing. A Designated Account may relate to either MBS Advances or MRS Advances but not both. The Servicer hereby acknowledges and agrees that it has no right, title, interest or claim in or to any Designated Account or any funds or other assets therein (whether or not deposited by the Servicer), or any interest earned or accrued on the foregoing (notwithstanding anything to the contrary contained in the Guide or in any other agreement), all of which shall be the exclusive property of Xxxxxx Mae. |
ONGOING RECONCILIATION PERIOD: | Anytime an Eligible Advance is requested by Servicer hereunder, Servicer shall provide Xxxxxx Xxx an Advance Request Form, a sample of which is attached hereto as Schedule 3, and shall deliver such request form via e-mail to “xxxxxxx_xxxxxxxxxx_xxxx@xxxxxxxxx.xxx”. Beginning in the month of the effective date of this EAR Agreement, Servicer shall deliver the Reports (as defined below) as required in the Data Dictionary The calendar month covered by a Report, as applicable, shall constitute a “Reporting Cycle.” P&I Delinquency Xxxxxxxx. Xx later than the second business day following the receipt by Xxxxxx Mae of the Report applicable to P&I Delinquency Advances, Xxxxxx Xxx will notify the Servicer of any discrepancies, including any discrepancies between the (a) the sum of all reported loan-level P&I Delinquency Advances and (b) the xxxxxxxxx X&X Delinquency Advances requested by the Servicer. On the business day each month prior to the draft date applicable to the standard Xxxxxx Mae MBS remittance cycle (the “Draft Date”) published in the Guide, the following actions shall occur: (i) to the extent a Periodic Early Reimbursement Amount is required to be distributed, Xxxxxx Xxx shall deposit (such deposit shall be contingent on the fact that no discrepancy regarding the requested P&I Delinquency Advances remains outstanding) into the Designated Account the Periodic Early Reimbursement Amount relating to the P&I Delinquency Advances for the related Reporting Cycle; and (ii) by 10:00 AM (Eastern Time) on such date, the Servicer shall deposit all remaining principal and interest required to be remitted on the Draft Date for all Xxxxxx Mae MBS Mortgage Loans serviced by the Servicer. On the Draft Date, Xxxxxx Xxx shall draft from the Designated Account, in lieu of the Servicer’s custodial account or accounts, the Required P&I and any amounts deposited by Xxxxxx Mae as Periodic Early Reimbursement Amounts. The Servicer shall deposit into the Collections Account on the Draft Date any principal and interest reported as “uncollected” on the Report, and received between the business day immediately preceding the Report Date and the Draft Date. T&I Escrow Advances and Corporate Servicing Advances. No later than the second business day following the Report Date applicable to T&I Escrow Advance and Corporate Servicing Advances, Xxxxxx Xxx will notify the Servicer of any discrepancies regarding T&I Escrow Advance and Corporate Servicing Advances. Servicer may also receive Periodic Early Reimbursement Amounts at month end by submitting to Xxxxxx Mae a Report applicable T&I Escrow Advance and Corporate Servicing Advances six business days prior to month end. No later than the second business day following receipt of this Report Xxxxxx Xxx will notify the Servicer of any discrepancies regarding T&I Escrow Advance and Corporate Servicing Advances On the business day immediately preceding both the Draft Date and the last business day of the month, Xxxxxx Mae shall fund (to the extent a Periodic Early Reimbursement Amount is required to be distributed) the Periodic Early Reimbursement Amount for T&I Escrow Advance and Corporate Servicing Advances (as requested by the Servicer on an Advance Request Form) to the Servicer. Such funding shall be contingent on the fact that no discrepancy regarding the requested T&I Escrow Advances and Corporate Servicing Advances remains outstanding. Subject to the conditions identified below, Xxxxxx Xxx additionally agrees that it will reimburse Servicer for T&I Escrow Advance and Corporate Servicing Advances on a daily basis as may be requested by Servicer and agreed to by Xxxxxx Mae. Therefore in addition to the reporting requirements identified herein, not later than the fifth (5th) business day prior to the business day on which Servicer requests that Xxxxxx Xxx make reimbursement to Servicer (or such other time period as mutually agreed to by the parties), Servicer shall deliver to Xxxxxx Mae or its designee a Report applicable to T&I Escrow Advance and Corporate Servicing Advances. Xxxxxx Xxx and/or its designee will reconcile the same within five (5) business days, and if it determines that an amount is due and owing by Xxxxxx Mae to Servicer, such amount shall be reimbursed to Servicer by Xxxxxx Xxx on the date requested by Servicer, or at such time as may otherwise be mutually agreed to by Xxxxxx Mae and Servicer. Applicable to each reimbursement of T&I Escrow Advances and Corporate Servicing Advances made by Xxxxxx Xxx herein, Servicer shall pay Xxxxxx Mae a fee equal to the greater of 1) $[***], or 2) the Compensation Rate divided by twenty-four (24), multiplied by the T&I Escrow Advance and Corporate Servicing Advances reimbursed by Xxxxxx Xxx. Servicer will not be required to pay such administrative fee for the reimbursements made 1) on the business day immediately preceding the Draft Date, and 2) one business day prior to the last business day of each calendar month. Xxxxxx Mae will provide to Servicer an invoice for such administrative fees on or about the tenth (10th) day of each calendar month, and within thirty days of receipt of the invoice Servicer agrees to wire to Xxxxxx Xxx such invoiced amount as directed in the invoice, or as otherwise directed by Xxxxxx Mae. At any time Xxxxxx Xxx may notify the Servicer of any material discrepancy between the P&I Delinquency Advances, T&I Escrow Advances or Corporate Servicing Advances as previously reported by the Servicer and the amounts reflected in Xxxxxx Mae’s internal systems of record. Such discrepancies shall constitute a material Due Diligence issue and the Servicer and Xxxxxx Xxx will work in good faith to resolve any such material discrepancies. |
REPORTS: | In addition to any required reporting obligations in the Guide, during the Ongoing Reconciliation Period and through the term of this Agreement Servicer shall deliver to Xxxxxx Mae or its designee reports and loan level listings (each a “Report”) in a format reasonably acceptable to Xxxxxx Xxx containing the data and within the time periods identified in Schedule 4 (“EAR Data Dictionary”) to this EAR Agreement (as such Attachment may be modified by Xxxxxx Mae in writing from time to time), including (i) such reason codes to conform to information and codes required by Xxxxxx Xxx Form 571 (Cash Disbursement Request) and (ii) upon request, reconciliations and supporting documentation (including invoices) of general ledger receivables applicable to Eligible Advances. The Servicer shall also provide to Xxxxxx Mae by the 25th day of each month (i) provided that a P&I Delinquency Advance was made, a completed Xxxxxx Xxx Form 496 (“Principal and Interest (P&I) Custodial Account Analysis”) including all applicable schedules, and (ii) Xxxxxx Mae Form 496a (“Taxes and Insurance (T&I) Custodial Account Analysis”), including all applicable schedules. |
COLLECTIONS ACCOUNT OVER COLLECTION: | All collections and reimbursements related to Eligible Advances, other than Foreclosure Buyouts, received on the related Mortgage Loans by the Servicer from Xxxxxx Xxx, mortgagors or as liquidation proceeds or other recoveries (in the aggregate, the “Collections”), must be deposited by the Servicer into a Collections Account established by Xxxxxx Mae and under Xxxxxx Mae's control no later than 6:00 pm ET on the second business day following Servicer’s receipt thereof, subject to the following: (i) During the Early Reimbursement Period the Servicer may retain any Collections in excess of the Periodic Early Reimbursement Amount outstanding with respect to the related Mortgage Loan; and (ii) During the period between the final disbursement of a Periodic Early Reimbursement Amount and the last day for recoupment as provided below, the Servicer may retain any Collections in excess of the Aggregate Early Reimbursement Amount. All Periodic Early Reimbursement Amounts related to Foreclosure Buyouts shall be repaid to the Collections Account within one business day after the Servicer receives a monthly reimbursement of foreclosure advances from Xxxxxx Mae, without regard to the amount actually reimbursed. Further, all Periodic Early Reimbursement Amounts for P&I Delinquency Advances and applicable to Mortgage Loans which have undergone a reclassification as provided in the Guide shall be repaid to the Collections Account within two business days of such reclassification. However, following the occurrence of, and during the continuance of, a Stop Event that has not been waived by Xxxxxx Xxx, clauses (i) and (ii) above shall not apply and further, all reimbursements of Eligible Advances due from Xxxxxx Mae shall be deposited directly into the Collections Account by Xxxxxx Xxx. Servicer shall notify Xxxxxx Mae in the event it determines that any Periodic Early Reimbursement Amount relates to an advance other than an Eligible Advance. In addition, Xxxxxx Xxx shall provide Servicer with a monthly report listing any Periodic Early Reimbursement Amounts outstanding on advances it has determined to be ineligible, including any relating to loans more than one hundred twenty (120) days past their Final Liquidation Date. Servicer shall deposit any such amounts into the Collections Account within 15 calendar days after the date of such determination or report, regardless of whether recoveries have actually been collected. If the amount in the Collections Account exceeds the Aggregate Early Reimbursement Amount (“Over Collection”), then simultaneously with the first to occur of the payment of the next Periodic Early Reimbursement Amount or the commencement of the Recoupment Period, the Over Collection amount shall be applied to reduce the Aggregate Early Reimbursement Amount outstanding. Any amount by which the Over Collection exceeds such Aggregate Early Reimbursement Amount will be returned to the Servicer within five business days following the date the Aggregate Early Reimbursement Amount is reduced to zero. |
MONTHLY SETTLEMENTS / SETTLEMENT DATES: | On the third business day of each month, Xxxxxx Mae shall notify Servicer of the Early Reimbursement Compensation amount. On the fifth business day of each calendar month, Servicer shall fund to an account designated by Xxxxxx Xxx the Early Reimbursement Compensation. Such date shall be deemed a “Settlement Date.” In the event that Xxxxxx Mae does not timely receive such funding, on the following business day Xxxxxx Xxx may withdraw an amount equal to such unpaid Early Reimbursement Compensation directly from the Collections Account prior to the calculation of the Periodic Early Reimbursement Amount for that month. Such withdrawal will not avoid the occurrence of a Stop Event. Following the occurrence of, and during the continuance of, a Stop Event that has not been waived by Xxxxxx Mae, a Settlement Dates shall occur with such frequency (e.g., weekly or daily) as Xxxxxx Xxx shall direct. |
EARLY REIMBURSEMENT COMPENSATION: | In consideration of Xxxxxx Mae’s reimbursing to Servicer Eligible Advances earlier than as provided under the MSSC and Guide, the Servicer will pay Xxxxxx Xxx a monthly compensation amount equal to the aggregate amount obtained by daily application of the Compensation Rate to the amount of the Aggregate Early Reimbursement Amount on a 360 day per year basis for the actual number of days elapsed since the prior Settlement Date (or, with respect to the first Settlement Date following the Closing Date, since the Closing Date). The Servicer will pay the Early Reimbursement Compensation to Xxxxxx Mae on each Settlement Date. |
COMPENSATION RATE: | 250 basis points over One-Month LIBOR. LIBOR will be set as of the last business day of the second month preceding the month in which the Settlement Date occurs. (For example, if the Settlement Date is August 3rd, LIBOR will be as of the last business day in June.) Notwithstanding the foregoing, the Compensation Rate shall be 350 basis points over One-Month LIBOR on Eligible Advances related to those mortgage servicing rights acquired by Servicer from a) Bank of America, National Association on or about January 31, 2013 (including BANA Legacy Servicing Advances), and b) GMAC Mortgage, LLC on or about January 31, 2013 (including GMACM Legacy Servicing Advances). |
FACILITY RENEWAL/AMENDMENT FEE: | On the Closing Date Servicer shall pay [***]% per annum of the Early Reimbursement Amount Limit. If extended or renewed in writing by Xxxxxx Xxx and Servicer, [***]% per annum of the Early Reimbursement Amount Limit shall thereafter be payable as a renewal fee on the first business day after such renewal date. If the Early Reimbursement Amount Limit is increased, [***]% of the additional amount shall be payable as an Amendment Fee on the first business day following the effective date of the increase and pro rated from such effective date to the scheduled end of the Early Reimbursement Period. |
CLOSING DATE: | April 1, 2014 |
RECOUPMENT: | Periodic Early Reimbursement Amounts shall be recouped by Xxxxxx Mae primarily through Collections, however the Servicer can pay any or all outstanding amounts due at any time, and is obligated to pay, if applicable, the outstanding Aggregate Early Reimbursement Amount on or prior to the completion of an eighteen (18) month period starting on the earlier of (i) the first day of the month following the end of the Early Reimbursement Period or (ii) the occurrence of a Stop Event. Such eighteen (18) month period is referred to herein as the “Recoupment Period.” |
STOP EVENTS: | Unless otherwise waived by Xxxxxx Xxx, Stop Events are as follows: 1. Failure of Servicer to comply with the terms or conditions of this EAR Agreement and such failure continues for 1 business day, specifically including but not limited to, a. Failure of the Servicer to pay any Early Reimbursement Compensation amount or any Deficiency Amount when due. b. Failure of the Servicer to deposit Collections into the Collection Account by 6:00 pm ET on the second business day following the receipt thereof by Servicer. c. Failure of the Servicer to repay in a timely manner any portion of the Aggregate Early Reimbursement Amount relating to an advance that is not an Eligible Advance. 2. Failure of the Servicer to be an approved Xxxxxx Mae Servicer. 3. Occurrence of a change in the Servicer’s organization as described in the Part I, Chapter 2, Section 204 of the Guide. 4. Failure of the Servicer to resolve a material Due Diligence issue within 30 business days of notification, unless the parties mutually agree to extend such cure period, it being understood that (a) Xxxxxx Xxx has the option to suspend funding of Periodic Early Reimbursement Amounts while a material Due Diligence issue remains unresolved, even if no Stop Event has occurred, and (b) Xxxxxx Mae will act in good faith to determine materiality of Due Diligence issues. 5. Insolvency, Receivership or Bankruptcy of the Servicer, as established by a court of competent jurisdiction. 6. Failure of the Servicer to submit any required Reports or other reporting and such failure continues for 5 business days 7. The occurrence of an Event of Default by the Servicer under any Master Agreement or the MSSC, as applicable, which has not been waived or cured as may be allowed under such agreement or contract, if applicable. 8. Failure by the Servicer to deposit into the Designated Account all principal and interest as provided herein; provided, however, that such failure shall be subject to a cure period of one business day; provided, further, however, that such cure period shall be unavailable if such failure occurs more than once in any four-month period or more than twice in any twelve-month period. 9. The Aggregate Early Reimbursement Amount is zero. 10. 120 days after written notice by Xxxxxx Xxx. 11. The earlier of 120 days or such earlier date as set forth in such Proceeding following written notice by Xxxxxx Mae or Servicer, as applicable, that either Xxxxxx Xxx or Servicer, as applicable, becomes subject to any order, or litigation, claim, action, suit, arbitration, inquiry, proceeding, investigation or similar proceeding initiated by a governmental authority (a “Proceeding”) which impairs such party’s ability to discharge its obligations hereunder in any material respect. Upon occurrence of a Stop Event not waived by Xxxxxx Mae, the Early Reimbursement Period may be terminated. Upon the occurrence of a subsection 10 or 11 Stop Event, Xxxxxx Xxx shall cooperate in good faith and reasonably assist the Servicer should the Servicer elect to seek alternative financing for some or all of the (i) outstanding Periodic Early Reimbursement Amounts and (ii) future P&I Delinquency Advances, T&I Escrow Advances and Corporate Servicing Advances required to be made by the Servicer under each of the Agreements. |
DUE DILIGENCE REQUIREMENTS: | Xxxxxx Mae has the right to perform due diligence activities related to Eligible Advances and Periodic Early Reimbursement Amounts prior to the Closing Date and at any such time thereafter (“Due Diligence”). Promptly upon Xxxxxx Mae’s (or its agent’s) request, the Servicer is required to provide reasonable access to Servicer’s system’s and personnel, books and records whether stored in tangible or electronic form. Failure of the Servicer to provide such access will constitute a material Due Diligence issue and a Stop Event. Subject to an annual cap of $[***], Servicer shall bear all reasonable out-of-pocket costs and expenses of Xxxxxx Mae relating to a Due Diligence review of the Servicer’s activities hereunder, including without limitation third party vendor fees. Notwithstanding the foregoing, Servicer shall be responsible for all reasonable out-of-pocket costs and expenses of Xxxxxx Xxx, including without limitation third party vendor fees, relating to Due Diligence reviews applicable to the mortgage servicing rights which Servicer acquired from Bank of America, National Association on or about January 31, 2013, and such amounts shall not be subject to the annual cap. In the event non-material issues are discovered during the Due Diligence process, the Servicer will be notified in writing by Xxxxxx Mae or its agent and will have a reasonable amount of time to cure such issues. However, failure to cure will constitute a material Due Diligence event. |
SERVICING TRANSFER: | Unless consented to in a writing by Xxxxxx Xxx specifically referencing this EAR Agreement, no servicing of Mortgage Loans for which there exists any outstanding Periodic Early Reimbursement Amount shall be transferred to another servicer unless the Periodic Early Reimbursement Amount applicable to such Mortgage Loan is deposited into the Collections Account, or the Servicer otherwise makes a payment to Xxxxxx Mae in an amount equal to such Periodic Early Reimbursement Amount. |
XXXXXX XXX SERVICING REQUIREMENTS: | Except as specifically set forth herein, entering into this EAR Agreement does not alter or diminish any obligations or duties required of the Servicer according to the MSSC and the Xxxxxx Xxx Selling and Servicing Guides, as applicable. |
ASSIGNMENT: | Neither Xxxxxx Mae nor the Servicer may assign, transfer or participate its rights under this EAR Agreement. |
TERMINATION: | Xxxxxx Xxx may terminate this EAR Agreement: (i) after the Early Reimbursement Period is completed or ended; (ii) when the Aggregate Early Reimbursement Amount is zero; or (iii) on the occurrence of a Stop Event not waived by Xxxxxx Mae. Any termination hereunder shall be effective on the earlier of the expiration of any applicable Recoupment Period, or the date the Aggregate Early Reimbursement Amount is zero |
SCHEDULE 1
Original Advancing Servicer or Originator | SSID Number | Transfer Date |
Bank of America, N.A. | 261840154 261840197 261847000 261840200 261840812 | April 1, 2013 May 1, 2013 June 1, 2013 September 1, 2013 December 1, 2013 |
GMAC Mortgage, LLC | 261840111 261840120 261840138 261840146 261840804 261840855 | January 31, 2013 |
Flagstar Capital Markets Corporation | 261840103 | January 1, 2013 |
National City Bank and National City Mortgage Services | 261840057 | November 1, 2009 |
Bank United | 261840049 | Xxxxx 0, 0000 |
Xxxxxxxx Mortgage, Inc | 261840073 | February 1, 2010 |
Option One | 261840022 | July 1, 2008 |
Franklin Bank | 261840065 | December 1, 2009 |
Green Tree Servicing LLC | 261840006 | N/A |
Advances made by Servicer relating to Mortgage Loans in each of the above referenced acquired portfolios after the applicable Transfer Date shall be Eligible Advances.
SCHEDULE 2
Original Advancing Servicer | Legacy Advance Type; Early Reimbursement rate | Transfer Date |
Bank of America, N.A. | P&I Delinquency Advance: [***]% T&I Escrow Advances: [***]% Corporate Servicing Advances: [***]% | April 1, 2013 May 1, 2013 June 1, 2013 September 1, 2013 December 1, 2013 |
GMAC Mortgage, LLC | P&I Delinquency Advance: [***]% T&I Escrow Advances: [***]% Corporate Servicing Advances: [***]% | January 31, 0000 |
Xxxxxxxx Xxxxxxx Xxxxxxx Xxxxxxxxxxx | X&X Delinquency Advance: [***]% T&I Escrow Advances: [***]% Corporate Servicing Advances: [***]% | January 1, 2013 |
National City Bank and National City Mortgage Services | P&I Delinquency Advance: [***]% T&I Escrow Advances: [***]% Corporate Servicing Advances: [***]% | November 1, 2009 |
SCHEDULE 3
(Advance Request Form)
For the [Month/Day/Year] [EAR/SUB] funding, ABC Mortgage Company submitted the following files. I certify that to the best of my knowledge these advances are all either borrower recoverable or 571 claimable expenses. Should it be determined that these advances are not recoverable or claimable, we will abide by the terms of the contract for repayment.
File Name | Number of Files Submitted | Total FNMA Advance Amount | Advance Dates From | Advance Dates To | Bank Name | Account# | Routing# |
P&I Advance Detail | |||||||
Corp/Escrow Advance Detail | |||||||
Total | |||||||
[Name]
[Title] (Must be an Officer of the company)
[Company]
SCHEDULE 4
(EAR Data Dictionary)
Advance Solution Data Dictionary
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 1
Advance Solutions Data Dictionary
Table of Contents
*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
SAAS Required Elements | Report Name | Event | Required Naming convention: |
65 | Corporate and Escrow Advance Detail - SRA X0 XX #0 | Legacy and On-going Fundings; withdrawals from Advance Reserve Account | CorpTIAdv_Daily_<Servicer Name>_<MMDDYYYY>.csv |
19 | Corporate and Escrow Recovery Detail - SRA X0 XX #0 | Reporting Recoveries/deposits | CorpTIRecovery_Daily_<Servicer Name>_<MMDDYYYY>.csv |
19 | P&I Advance Detail - SRA X0 XX #0 | Legacy and On-going Fundings; withdrawals from Gross Service Fee Account | AdvDetail_Daily_<Servicer Name>_<MMDDYYYY>.csv |
19 | P&I Recoveries Detail - SRA X0 XX #0 | Reporting Recoveries/deposits | Recovery_Daily_<Servicer Name>_<MMDDYYYY>.csv |
17 | P&I Loans Brought Current - SRA X0 XX #0 | Reporting | LoanCurrent_Monthly_<Servicer Name>_<MMDDYYYY>.csv |
17 | Trial Balance - SRA X0 XX #0 | Reporting | TrialBal_Weekly_<Servicer Name>_<MMDDYYYY>.csv |
11 | 571 Claims - SRA X0 XX #0 | Reporting | ClaimsFile_Daily_<Servicer Name>_<MMDDYYYY>.csv |
28 | Daily Collections Detail - SRA X0 XX #0 | Reporting | DailyCollection_Daily_<Servicer Name>_<MMDDYYYY>.csv |
20 | Delinquency Detail - SRA X0 XX #0 | Reporting | DeliDetail_Weekly_<Servicer Name>_<MMDDYYYY>.csv |
16 | Interest shortfall - SRA X0 XX #00 | Reporting | IntShortfall_Monthly_<Servicer Name>_<MMDDYYYY>.csv |
18 | Loan Population / Boarding File - SRA X0 XX #00 | Transfer Recon and Legacy Fundings | BoardingFile_Daily_<Servicer Name>_<MMDDYYYY>.csv |
12 | P&I Draft Summary - SRA X0 XX #00 | Reporting | DraftSummary_Weekly_<Servicer Name>_<MMDDYYYY>.csv |
32 | Remittance Detail - SRA X0 XX #00 | Reporting | RemitDetail_Daily_<Servicer Name>_<MMDDYYYY>.csv |
8 | Invoice Data - SRA X0 XX #00 | Reporting | Invoice_Daily_<Servicer Name>_<MMDDYYYY>.csv |
9 | Aged Balance Detailed Review - SRA X0 XX #00 | Reporting | Aged_Balance_Report_<Servicer Name>_<Program Type>_<MMDDYYYY>.csv |
293 | |||
*Files must be tab delimited.csv format or flat text format
*Header rows are not case sensitive
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 2
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Corporate and Escrow Advance Detail - SRA X0 XX #0 Additional Requirements:
File Type: Tab delimited csv file Escrow: One record per transaction
File Name: CorpTIAdv_Daily_<Servicer Name>_<MMDDYYYY>.csv Corp: One record per 571 code per transaction
*All variances to the Data Dictionary must be approved by the Xxxxxx Mae Relationship Exec
65 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be or SUB |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Advance Date Incurred | Date servicer required advance | <MM/DD/YYYY> | ||
X | FNMA Advance Date | Date Servicer is requesting funding for advance | <MM/DD/YYYY> | Reject | |
X | Advance Type | For allowable Advance/Recovery Types please refer to SRA Exhibit C10-2: Advance Types | <TEXT> | Reject | For allowable Advance/Recovery Types please refer to SRA Exhibit C10-2: Advance Types |
X | FNMA Trans Code | For allowable FNMA Trans Codes please refer to SRA Exhibit C10-1: Advance Reserve Account Allowed Transaction Types | <TEXT> | Reject | For allowable FNMA Trans Codes please refer to SRA Exhibit C10-1: Advance Reserve Account Allowed Transaction Types |
X | Servicer Trans Code | For allowable Servicer Trans Codes please refer to SRA Exhibit C10-1: Advance Reserve Account Allowed Transaction Types | <TEXT> | For allowable Servicer Trans Codes please refer to SRA Exhibit C10-1: Advance Reserve Account Allowed Transaction Types | |
X | Servicer Advance Amount | Total amount advanced within reporting cycle | <Number as Decimal> <#########.##> | Cannot be NULL or zero | |
X | Transaction Amount Advanced | Servicer advance amount Itemized by 571 code | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | FNMA Advance Rate | FNMA advance rate | <Number as Decimal> <#########.##> | Reject | Cannot exceed 100% Cannot be NULL or zero |
X | FNMA Advance Amount | ; | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 3
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Corporate and Escrow Recovery Detail - SRA X0 XX #0 Additional Requirements:
File Type: Tab delimited csv file Escrow: One record per transaction
File Name: CorpTIRecovery_Daily_<Servicer Name>_<MMDDYYYY>.csv Corp: One record per 571 code per transaction
*All variances to the Data Dictionary must be approved by the Xxxxxx Mae Relationship Exec
19 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | SUB | <TEXT> | Reject | Must be SUB |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Date Received Payment | Date servicer received payment | <MM/DD/YYYY> | ||
X | FNMA Recovery Date | Date the recovery is deposited into FNMA bank account | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Recovery Type | For allowable Advance/Recovery Types please refer to SRA Exhibit C10-2: Advance Types | <TEXT> | Reject | For allowable Advance/Recovery Types please refer to SRA Exhibit C10-2: Advance Types |
X | FNMA Trans Code | For allowable FNM Trans Codes please refer to SRA Exhibit C10-1: Advance Reserve Account Allowed Transaction Types | <TEXT> | Reject | For allowable FNM Trans Codes please refer to SRA Exhibit C10-1: Advance Reserve Account Allowed Transaction Types |
X | Servicer Trans Code | For allowable Servicer Trans Codes please refer to SRA Exhibit C10-1: Advance Reserve Account Allowed Transaction Types | <TEXT> | For allowable Servicer Trans Codes please refer to SRA Exhibit C10-1: Advance Reserve Account Allowed Transaction Types | |
X | Total Recovery Amount | Total amount of recovery - total for the date | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Servicer Amount Recovered | Total amount of the transaction itemized by 571 code | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | FNMA Advance Rate | FNMA advance rate | <Number as Decimal> <#########.##> | Reject | Cannot exceed 100% Cannot be NULL or zero |
X | FNMA Amount Recovered | Amount deposited into the Corp/Escrow Recoveries Account | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 4
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: P&I Advance Detail - SRA X0 XX #0 Additional Requirements:
File Type: Tab delimited csv file One record per advance type
File Name: AdvDetail_Daily_<Servicer Name>_<MMDDYYYY>.csv Fundings for SSPI, G Fees, Excess Svc Fee, LPMI, PPIS
*All variances to the Data Dictionary must be approved by the Xxxxxx Mae Relationship Exec
19 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | SUB | <TEXT> | Reject | Must SUB |
X | Advance Type | For allowable Advance/Recovery Types please refer to Data Dictionary Legend | <TEXT> | Reject | For allowable Advance/Recovery Types please refer to Data Dictionary Legend |
X | FNMA Status Code | Must be FNMA Status Code. See DD Legend | <TEXT> | Reject | Must be allowable FNMA Status Code. See DD |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Remittance type | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Last Paid Installment Date | Date last installment was paid through | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Advance Date | Date Servicer is requesting funding for advance | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Advance Amount | ; | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Scheduled P&I Payment | Scheduled Principal and Interest less Service fee due at Remittance | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
Interest Type | The type of interest rate structure used to amortize loan <Fixed / ARM / NegAm, IO, Balloon, Other> | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Interest Only in Reporting Month | Identify if loan is I/O loan; Y or N | TEXT | |||
X | Current Interest Rate | The decimal equivalent of the interest rate that is presently being used on the loan to calculate monthly payments | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Loan Term | The number of months used to fully amortize the loan | <Number> | Reject | Cannot be NULL or zero |
GFee Advance Amount | GFee Advance Amount | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Excess Service Fee Advance Amount | Excess Service Fee Advance Amount | <Number as Decimal> <#########.##> | |||
LPMI Advance Amount | LPMI Advance Amount | <Number as Decimal> <#########.##> | |||
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 5
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: P&I Recoveries Detail - SRA X0 XX #0 Additional Requirements:
File Type: Tab delimited csv file One record for each transaction posted
File Name: Recovery_Daily_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Mae Relationship Exec
19 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be Must be SUB |
X | FNMA Status Code | Must be FNMA Status Code. See DD Legend | <TEXT> | Reject | Must be allowable FNMA Status Code. See DD Legend |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Servicer Principal and Interest Remittance Schedule based on the Servicing Agreement | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Last Paid Installment Date | Date last installment was paid through | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Date Payment Received | Date payment was received by servicer | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Total Payment Received | Total transaction amount posted to the loan (ties to clearing account) | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Total P&I Collections | Per transaction, pays down advance (net interest) | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | FNMA Recovery Date | Date the recovery is deposited into FNMA bank account | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Recovery Type | For allowable Advance/Recovery Types please refer to Data Dictionary Legend | <TEXT> | Reject | Must be allowable Recovery Type. See DD Legend. |
X | FNMA Amount Recovered | Amount deposited into the P&I Recoveries Account | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
Total Gfee Collections | Total Gfee Collections | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Total Excess Service Fee Collections | Total Excess Service Fee Collections | <Number as Decimal> <#########.##> | |||
GFee Recovered | Total amount of Gfee recovered within reporting cycle | <Number as Decimal> <#########.##> | |||
Excess Service Fee Recovered | Total amount of Excess Service Fee recovered within reporting cycle | <Number as Decimal> <#########.##> | |||
Posted Date | Posted Date | <MM/DD/YYYY> | |||
LPMI Recovered | LPMI Recovered | <Number as Decimal> <#########.##> | |||
Foreclosure Reimbursements | Foreclosure Reimbursements | <Number as Decimal> <#########.##> | |||
P&I Price Adjusments | P&I Price Adjusments | <Number as Decimal> <#########.##> | |||
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 6
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: P&I Loans Brought Current - SRA X0 XX #0 Additional Requirements: File Type: Tab delimited csv file One record per loan File Name: LoanCurrent_Monthly_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Mae Relationship Exec
17 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB or SUB | <TEXT> | Reject | Must be SUB |
X | FNMA Status Code | Must be FNMA Status Code. See DD Legend | <TEXT> | Reject | Must be allowable FNMA Status Code. See DD Legend |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Servicer Principal and Interest Remittance Schedule based on the Servicing Agreement | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Last Paid Installment Date | Date last installment was paid through | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Date Payment Received | Date payment was received by servicer | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | P&I Recovered | Total amount of P&I recovered within reporting cycle | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Principal Recovered | Total amount of principal recovered within reporting cycle | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Interest Recovered | Total amount of interest recovered within reporting cycle | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
Gfee Recovered | Total amount of Gfee recovered within reporting cycle | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Service Fee Recovered | Service Fee Recovered | <Number as Decimal> <#########.##> | |||
Excess Service Fee Recovered | Total amount of Excess Service Fee recovered within reporting cycle | <Number as Decimal> <#########.##> | |||
LPMI Recovered | LPMI Recovered | <Number as Decimal> <#########.##> | |||
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 7
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Trial Balance - SRA X0 XX #0 Additional Requirements: File Type: Tab delimited csv file One record per loan File Name: TrialBal_Weekly_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Mae Relationship Exec
17 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be Must be SUB |
X | FNMA Status Code | Must be FNMA Status Code. See DD Legend | <TEXT> | Reject | Must be allowable FNMA Status Code. See DD Legend |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Servicer Principal and Interest Remittance Schedule based on the Servicing Agreement | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Last Paid Installment Date | Date last installment was paid through | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | P&I Advance Balance | Total outstanding P&I advance balance (net interest) | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Corp Advance Balance | Total outstanding corp advance balance | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Escrow Advance Balance | Total outstanding Escrow advance balance | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Total Advance Balance | + | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Excess Service Fee Advance Balance | Total Excess Service Fee Advance Amount | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Gfee Advance Balance | Total outstanding Gfee advance balance | <Number as Decimal> <#########.##> | |||
Service Fee Advance Balance | Total outstanding Service Fee advance balance | <Number as Decimal> <#########.##> | |||
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 8
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: 571 Claims - SRA X0 XX #0 Additional Requirements:
File Type: Tab delimited csv file One record per claim filed
File Name: ClaimsFile_Daily_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Mae Relationship Exec
11 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be Must be SUB |
X | FNMA Status Code | Must be FNMA Status Code. See DD Legend | <TEXT> | Reject | Must be allowable FNMA Status Code. See DD Legend |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Servicer Principal and Interest Remittance Schedule based on the Servicing Agreement | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | Claim Amount | Total Amount of the claim submitted to AMN | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 9
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Daily Collections Detail - SRA X0 XX #0 Additional Requirements:
File Type: Tab delimited csv file One record per transaction posted, reversals are negative
File Name: DailyCollection_Daily_<Servicer Name>_<MMDDYYYY>.csv *Report balances to bank activity (Clearing, P&I, T&I)
*All variances to the Data Dictionary must be approved by the Xxxxxx Mae Relationship Exec
28 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be Must be SUB |
X | FNMA Status Code | Must be FNMA Status Code. See DD Legend | <TEXT> | Reject | Must be allowable FNMA Status Code. See DD Legend |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Servicer Principal and Interest Remittance Schedule based on the Servicing Agreement | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Last Paid Installment Date | Date last installment was paid through | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Date Payment Received | Date payment was received by servicer | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Total Payment Received | Transaction amount posted (ties to clearing account) | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Total P&I Collections | Total Principal and Net Interest Collected (ties to custodial account) | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Total T&I Collections | Escrow amount posted for transaction (ties to T&I custodial account) | <Number as Decimal> <#########.##> | Cannot be NULL | ||
Suspense Amount | Payment received from borrower that is short of expected payment and not applied to the loan | <Number as Decimal> <#########.##> | Cannot be NULL | ||
Late Charges | Late charges applied to loan for transaction | <Number as Decimal> <#########.##> | Cannot be NULL | ||
X | Gross Interest | Gross interest amount collected for transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL; Can be zero |
X | Net Interest | Current month's interest due less Servicing Fees | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Service Fee Rate | Decimal equivalent of the service fee rate based on the servicing agreement | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Service Fee Amount | GROSS Service Fee amount collected for transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Pre-Paid Principal | Pre-paid principal collected for transaction | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Pre-Paid Interest | Pre-paid interest collected for transaction | <Number as Decimal> <#########.##> | |||
Pre-Paid Service Fee | Pre-paid service fee collected for transaction | <Number as Decimal> <#########.##> | |||
Paid In Full Principal | Principal applied on paid in full loan for the current reporting period | <Number as Decimal> <#########.##> | |||
X | Paid In Full Interest | Interest applied on paid in full loan for transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL; Can be zero |
X | Curtailment | Unscheduled prin applied to reduce UPB for transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 10
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Daily Collections Detail - SRA X0 XX #0 CONT'D
SAAS Required | Business Name | Description | Allowable Values | SAAS Action | Data Quality Check |
Excess Service Fee Rate | Decimal equivalent of excess fee that servicer is charging FNMA. (Service Fee rate -FNMA agreed Service Fee rate) | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Excess Service Fee Amount | Excess Service Fee Amount | <Number as Decimal> <#########.##> | Cannot be Null | |
IO Strip | IO Strip | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Gfee Rate | Decimal equivalent of fee FNMA charges investor to guarantee the performance of the loans in a given pool | <Number as Decimal> <#########.##> | |||
Gfee Amount | Guarantee fee amount remitted or due to FNMA | <Number as Decimal> <#########.##> | |||
Delinquent Excess Service Fee | Excess Service Fee amount due per payment | <Number as Decimal> <#########.##> | |||
Delinquent Gfee | Guarantee Fee amount due per payment | <Number as Decimal> <#########.##> | |||
LPMI Amount | Dollar amount of lender paid insurance | <Number as Decimal> <#########.##> | |||
LPMI Rate | Decimal percentage of portion of mortgage insurance paid by the lender | <Number as Decimal> <#########.##> | |||
Paid In Full Excess Service Fee | Paid In Full Excess Service Fee collected for transaction | <Number as Decimal> <#########.##> | |||
Paid In Full Gfee | Paid In Full Gfee collected for transaction | <Number as Decimal> <#########.##> | |||
Paid In Full Service Fee | Paid In Full Service Fee collected for transaction | <Number as Decimal> <#########.##> | |||
Pre-Paid Excess Service Fee | Pre-Paid Excess Service Fee collected for transaction | <Number as Decimal> <#########.##> | |||
Pre-Paid Gfee | Pre-Paid GFee Fee collected for transaction | <Number as Decimal> <#########.##> | |||
Loan Repurchases | Loan Repurchases | <Number as Decimal> <#########.##> | |||
X | Interest on Curtailment Adj | <Number as Decimal> <#########.##> | Cannot be Null | ||
X | Paid In Full Interest Adjustment | <Number as Decimal> <#########.##> | Cannot be Null | ||
X | Principal | <Number as Decimal> <#########.##> | Cannot be Null | ||
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 11
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Delinquency Detail - SRA X0 XX #0 Additional Requirements:
File Type: Tab delimited csv file One record for each delinquent payment
File Name: DeliDetail_Weekly_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Xxx Relationship Exec
20 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | |
X | FNMA Status Code | Must be FNMA Status Code. See DD Legend | <TEXT> | Reject | Must be allowable FNMA Status Code. See DD Legend |
Branch ID | FNMA Branch ID identifier | <TEXT> | |||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Servicer Principal and Interest Remittance Schedule based on the Servicing Agreement | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Last Paid Installment Date | Date last installment was paid through | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Delinquent P&I | Cumulative delinquent principal & interest | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Delinquent Principal | Cumulative delinquent principal | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Delinquent Interest | Net Interest due per payment | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Delinquent Service Fee | Cumulative service fee that is delinquent | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Delinquent Months | Number of months of delinquent | <Number> | Reject | Cannot be NULL |
Interest Type | The type of interest rate structure used to amortize the loan <Fixed / ARM / NegAm, IO, Balloon, Other> | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Interest Only in Reporting Month | Identify if loan is I/O loan; Y or N | TEXT | |||
X | Current Interest Rate | The decimal equivalent of the interest rate that is presently being used on the loan to calculate monthly payments. | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Loan Term | The number of months used to fully amortize the loan | <Number> | Reject | Cannot be NULL |
Excess Service Fee Rate | Decimal equivalent of excess fee that servicer is charging FNMA. (Servicer Fee rate -FNMA agreeed Servicer Fee rate) | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
IO Strip | IO Strip | <Number as Decimal> <#########.##> | |||
Delinquent Excess Service Fee | Excess Service Fee amount due per payment | <Number as Decimal> <#########.##> | |||
Delinquent Gfee | Guarantee Fee Amount due per payment | <Number as Decimal> <#########.##> | |||
Delinquent LPMI | Delinquent LPMI | <Number as Decimal> <#########.##> | |||
Loan Modified | Loan Modified | <TEXT> | |||
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 12
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Interest shortfall - SRA X0 XX #00 Additional Requirements:
File Type: Tab delimited csv file One record per loan
File Name: IntShortfall_Monthly_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Xxx Relationship Exec
16 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be Must be SUB |
X | FNMA Status Code | Must be FNMA Status Code. See DD Legend | <TEXT> | Must be allowable FNMA Status Code. See DD Legend | |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Servicer Principal and Interest Remittance Schedule based on the Servicing Agreement | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | Curtailment Adjustment | Interest shortfall caused from scheduled vs. actual interest collected | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Curtailment | Unscheduled prin applied to reduce UPB for transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Scheduled P&I Payment | Scheduled amount of P&I due at remit | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Scheduled Principal | Scheduled amount of principal due at remit | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Scheduled Interest | Scheduled amount of interest due at remit | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Interest Type | The type of interest rate structure used to amortize the loan <Fixed / ARM / NegAm, IO, Balloon, Other> | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Current Interest Rate | The decimal equivalent of the interest rate that is presently being used on the loan to calculate monthly payments | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
PPIS | Pre-Paid Interest Shortfall | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject | ||
Payoff Effective Date | Payoff Effective Date | <MM/DD/YYYY> | |||
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 13
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Loan Population / Boarding File - SRA X0 XX #00 Additional Requirements
File Type: Tab delimited csv file One record per loan
File Name: BoardingFile_Daily_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Xxx Relationship Exec
18 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be Must be SUB |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Servicer Principal and Interest Remittance Schedule based on the Servicing Agreement | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Delinquent Principal | Cumulative delinquent principal at transfer | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Delinquent Interest | Interest due on loan at transfer | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Delinquent Service Fee | Cumulative service fee that is delinquent at transfer | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Last Paid Installment Date | Date last installment was paid through | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | P&I Advance Balance | Legacy P&I advance balance at transfer | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Corp Advance Balance | Legacy Corp advance balance at transfer | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Escrow Advance Balance | Legacy Escrow advance balance at transfer | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Total Advance Balance | + | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Gfee Rate | Decimal equivalent of fee FNMA charges investor to guarantee the performance of the loans in a given pool | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
LPMI Rate | Decimal percentage of portion of mortgage insurance paid by the lender | <Number as Decimal> <#########.##> | |||
Excess Service Fee Rate | Decimal equivalent of excess fee that servicer is charging FNMA. (Servicer Fee rate -FNMA agreeed Servicer Fee rate) | <Number as Decimal> <#########.##> | |||
Transfer Date | Date Loan was Transferred from Legacy Servicer to New Servicer | <MM/DD/YYYY> | Cannot be NULL | ||
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 14
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: P&I Draft Summary - SRA E3 ID #12
File Type: Tab delimited csv file
File Name: DraftSummary_Weekly_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Xxx Relationship Exec
12 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be Must be SUB |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Draft Date | Date FNMA drafts remittance amount | <MM/DD/YYYY> | Reject | Cannot be NULL |
Reclass DLRS Credits | Reclass DLRS Credits | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | MBS P&I Draft Amount | Total MBS Draft Amount | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | MRS P&I Draft Amount | Total MRS Draft Amount | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | MBS P&I Advance Amount | Total MBS Advance Amount | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | MRS P&I Advance Amount | Total MRS Advance Amount | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | MBS Trust Acct Balance | Total MBS Collections | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | MRS Trust Acct Balance | Total MRS Collections | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Excess Service Fee Advance Amount | Total Excess Service Fee Advance Amount | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Excess Service Fee Collections | Total Excess Service Fee Collections | <Number as Decimal> <#########.##> | |||
Excess Service Fee Draft Amount | Total Excess Service Fee Draft Amount | <Number as Decimal> <#########.##> | |||
Excess Service Fee Pool/Loan Level Variance | Variance between loan level remittance detail and draft total (<1%) | <Number as Decimal> <#########.##> | |||
Gfee Advance Amount | Total Gfee Advance Amount | <Number as Decimal> <#########.##> | |||
Gfee Collections | Total Gfee Collections | <Number as Decimal> <#########.##> | |||
Gfee Draft Amount | Total Gfee Draft Amount | <Number as Decimal> <#########.##> | |||
Gfee Pool/Loan Level Variance | Variance between loan level remittance detail and draft total (<1%) | <Number as Decimal> <#########.##> | |||
MRS Pool/Loan Level Variance | Variance between loan level remittance detail and draft total (<1%) | <Number as Decimal> <#########.##> | |||
MBS Pool/Loan Level Variance | Variance between loan level remittance detail and draft total (<1%) | <Number as Decimal> <#########.##> | |||
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 15
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Remittance Detail - SRA X0 XX #00 Additional Requirements:
File Type: Tab delimited csv file One record per loan as of FNMA reporting cycle cut off
File Name: RemitDetail_Daily_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Xxx Relationship Exec
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 16
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
32 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Master Servicer Number | 9 digit Master Servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Previous Servicer Number | Legacy servicer's FNMA seller/servicer ID | <TEXT> | Reject | Must be nine digits; Cannot be NULL |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be SUB |
X | FNMA Status Code | Must be FNMA Status Code. See DD Legend | <TEXT> | Reject | Must be allowable FNMA Status Code. See DD Legend |
Branch ID | FNMA Branch ID identifier | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Investor Number | Number used to associate pool of loans with an investor | <TEXT> | Reject | Cannot be NULL |
X | Effective Date | As of date - indicating when data was generated | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | Servicer Loan Number | Loan number assigned by servicer | <TEXT> | ||
X | FNMA Remittance Type | Servicer Principal and Interest Remittance Schedule based on the Servicing Agreement | <TEXT> | Reject | Must be allowable FNMA Remiitance Type. See DD Legend |
X | FNMA Remittance Amount | Loan level amount remitted to FNMA | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Beginning UPB | UPB prior to transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Current UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Last Paid Installment Date | Date last installment was paid through | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | P&I Constant | Monthly Principal and Gross Interest Due | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Principal | Principal remitted or due | <Number as Decimal> <#########.##> | Reject | Cannot be NULL; Can be zero |
X | Net Interest | Current month's interest due less Servicing Fees | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Service Fee Rate | Decimal equivalent of the service fee rate based on the servicing agreement | <Number as Decimal> <#####.#####> | Reject | Cannot be NULL |
X | Service Fee Amount | Amount due to Servicer as fee based on servicing agreement | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Gfee Rate | Decimal equivalent of fee FNMA charges investor to guarantee the performance of the loans in a given pool | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Gfee Amount | Guarantee fee amount remitted or due to fnma | <Number as Decimal> <#########.##> | |||
X | LPMI | Decimal percentage of portion of mortgage insurance paid by the lender | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Interest on Curtailment Adj | Adjustment applied to curtailment | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Paid In Full Principal | Principal applied on paid in full loan for the current reporting period | <Number as Decimal> <#########.##> | Reject | Cannot be NULL; Can be zero |
X | Paid In Full Interest | Paid in full interest remitted or due | <Number as Decimal> <#########.##> | Reject | Cannot be NULL; Can be zero |
X | Paid In Full Interest Adjustment | Shortage in expected interest due to loan being paid in full | <Number as Decimal> <#########.##> | Reject | Cannot be NULL; Can be zero |
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 17
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Remittance Detail - SRA E3 ID #13 CONT'D
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Curtailment | Unscheduled principal applied to reduce UPB for transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | FNMA Remittance Date | Date Servicer remits funds to FNMA | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Current Scheduled UPB | Scheduled UPB after transaction | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Scheduled P&I Payment | Scheduled amount of P&I due at remit | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
Interest Type | The type of interest rate structure used to amortize the loan <Fixed / ARM / NegAm, IO, Balloon, Other> | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Interest Only in Reporting Month | Identify if loan is I/O loan; Y or N | TEXT | |||
X | Current Interest Rate | The decimal equivalent of the interest rate that is presently being used on the loan to calculate monthly payments. | <Number as Decimal> <#########.##> | Reject | Cannot be NULL or zero |
X | Loan Term | The number of months used to fully amortize the loan | <Number> | Reject | Cannot be NULL |
Excess Service Fee Rate | Decimal equivalent of excess fee that servicer is charging FNMA. (Servicer Fee rate -FNMA agreeed Servicer Fee rate) | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Excess Service Fee Amount | Excess Service Fee Amount | <Number as Decimal> <#########.##> | |||
IO Strip | IO Strip | <Number as Decimal> <#########.##> | |||
FNMA Status Code Effective Date | FNMA Status Code Effective Date | <MM/DD/YYYY> | |||
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 18
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Invoice Data - SRA E3 ID #20 Additional Raquirements:
File Type: Tab delimited csv file One record per loan
File Name: Invoice_Daily_<Servicer Name>_<MMDDYYYY>.csv
*All variances to the Data Dictionary Dictionary must be approved by the Xxxxxx Xxx Relationship Exec
9 | LOAN LEVEL INVOICE FILE | ||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Program Type | Must be SUB | <TEXT> | Reject | Must be allowable Program type SUB |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Must be 9 digits Cannot be NULL | |
Servicer Loan Number | Loan number assigned by servicer | <TEXT> | Veri | If FNMA loan Number not NULL then validate servicer loan number against ADW.If no match then Veri If FNMA loan number is Null, then no DQ check | |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
X | FNMA Invoice Type | Must be allowable Invoice Type. Only 1 Invoice Type per file. See Invoice Type Legend | <TEXT> | Reject | Cannot be NULL. Must be one Invoice Type per file. Must be allowable Invoice Type. See Invoice Type Legend. |
X | Servicer Invoice Number | Servicer assigned unique number. Only 1 Invoice Number per file. | <TEXT> | Reject | Cannot be NULL. Must be one invoice # per file |
Borrower Next Payment Due Date | Borrower's scheduled next due date | <MM/DD/YYYY> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Borrower LPI Date | Borrower's Last Paid Installment date | <MM/DD/YYYY> | |||
X | Servicer Expense Incurred Date | Date that the Servicer incurred the expense | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Servicer Expense Reimbursement Request Date | Date Servicer is requesting reimbursement for expense. Only 1 Reimbursement Request Date per file. | <MM/DD/YYYY> | Reject | Cannot be NULL Cannot be multiple dates per file |
X | FNMA Expense Code | Must be allowable FNMA Expense Code. See Expense Code Legend | <TEXT> | Reject | Cannot be NULL. Must be allowable Expense Code. See Expense Code Legend. |
Servicer Transaction Code | Servicer code assigned to identify transaction | <TEXT> | |||
X | Servicer Transaction Expense Amount | Servicer expense amount Itemized by FNMA Expense Code | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Servicer Transaction Requested Amount | Servicer requested expense amount itemized by FNMA Expense Code | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Servicer Transaction Check Number | Servicer check number used to disburse transactions | <TEXT> | |||
X | Servicer Data file Type | Type of data contained in invoice file. Allowable values are 'L' for Loan Level or 'S' for Non-Loan Level | <TEXT> | Reject | Cannot be NULL Value must be 'L' or 'S' Cannot be multiple values per file |
Servicer Notes | Servicer comments | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 19
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Invoice Data - SRA X0 XX #00 CONT'D
8 | NON-LOAN LEVELINVOICE FILE | ||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | Program Type | INV | <TEXT> | Reject | Must be allowable Program type (INV) |
X | Sub-servicer Number | 9 digit Sub-servicer number assigned by FNMA | <TEXT> | Reject | Must be 9 digits Cannot be NULL |
X | FNMA Invoice Type | Must be allowable Invoice Type. Only 1 Invoice Type per file. See Invoice Type Legend | <TEXT> | Reject | Cannot be NULL. Must be one Invoice Type per file. Must be allowable Invoice Type. See Invoice Type Legend. |
X | Servicer Invoice Number | Servicer assigned unique number. Only 1 Invoice Number per file. | <TEXT> | Reject | Cannot be NULL. Must be one invoice # per file |
X | Servicer Expense Incurred Date | Date that the Servicer incurred the expense | <MM/DD/YYYY> | Reject | Cannot be NULL |
X | Servicer Expense Reimbursement Request Date | Date Servicer is requesting reimbursement for expense. Only 1 Reimbursement Request Date per file. | <MM/DD/YYYY> | Reject | Cannot be NULL Cannot be multiple dates per file |
X | FNMA Expense Code | Must be allowable FNMA Expense Code. See Expense Code Legend | <TEXT> | Reject | Cannot be NULL. Must be allowable Expense Code. See Expense Code Legend. |
Servicer Transaction Code | Servicer code assigned to identify transaction | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Servicer Transaction Expense Amount | Servicer expense amount Itemized by FNMA Expense Code | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
Servicer Transaction Requested Amount | Servicer requested expense amount itemized by FNMA Expense Code | <Number as Decimal> <#########.##> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Servicer Transaction Check Number | Servicer check number used to disburse transactions | <TEXT> | |||
X | Servicer Data file Type | Type of data contained in invoice file. Allowable values are 'L' for Loan Level or 'S' for Non-Loan Level | <TEXT> | Reject | Cannot be NULL Value must be 'L' or 'S' Cannot be multiple values per file |
Servicer Notes | Servicer comments | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 20
Advance Solution Data Dictionary*Due Date and Frequency are defined in the Third Amended and Restated Strategic Relationship Agreement, SCHEDULE E3 Advance Solution Reporting and Certification Requirements
Report Name: Aged Balance Detailed Review - SRA X0 XX #00 Additional Requirements:
File Type: Tab delimited csv file One record per loan
File Name: Aged_Balance_Report_<Servicer Name>_<Program Type>_<MMDDYYYY>.csv
*All variances to the Data Dictionary must be approved by the Xxxxxx Mae Relationship Exec
9 | |||||
SAAS Required | Business Name | Business Description | SAAS Allowable Values | SAAS Action | SAAS Data Quality Check |
X | FNMA Loan Number | Unique 10 digit loan number assigned by FNMA | <TEXT> | Reject | Must be valid FNMA loan number and must be in the transfer population |
Seller Servicer Number | 9 digit Seller Servicer Number assigned by FNMA | <TEXT> | Veri | Must be 9 digits Cannot be NULL | |
Portfolio | Seller Servicer Name associated with Seller Servicer Number | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
X | Loan Status | Must be FNMA Status Code. See DD Legend | <TEXT> | Veri | Cannot be NULL |
Liquidation Date | Date the loan liquidated | <MM/DD/YYYY> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
REO Disposition Date | Date the REO disposition occurred | <MM/DD/YYYY> | |||
X | Property State | State the property is located within | <TEXT> | Veri | Cannot be NULL. |
X | Aging Category | Must be allowable Aging Category. See DD Legend | <TEXT> | Reject | Cannot be NULL. Must be allowable Aging Category. See Aging Description Legend. |
X | Aged Balance Amount | Amount that is considered Aged and due for repayment | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Trial Balance Amount | Amount that is currently the total Trial Balance | <Number as Decimal> <#########.##> | Reject | Cannot be NULL |
X | Category | Must be allowable Category. See DD Legend | <TEXT> | Reject | Cannot be NULL. Must be allowable Category. See Aging Description Legend. |
X | Reason Description | Must be allowabe Reason Description. See DD Legend | <TEXT> | Reject | Cannot be NULL. Must be allowable Reason Description. See Reason Description Legend. |
X | Reason Code | Must be allowable Reason Code. See DD Legend | Reject | Cannot be NULL. Must be allowable Reason Code. See Reason Description Legend. | |
Comments | Servicer comments | <TEXT> | This data element is not required by SAAS but can be populated without causing the file to reject the SAAS import process | ||
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 21
Advance Solution Data DictionaryData Dictionary Legend - SAAS Allowable Values
FNMA Status Codes | |
Code | Description |
0 | Current/Active/Standard Default |
0 | Current/Active/Standard Default |
12 | Relief provisions |
15 | Bankruptcy/litigation |
20 | Referred for deed-in-lieu or assignment |
30 | Referred for foreclosure |
59 | Out of Portfolio (OOPs) repurchases |
60 | Liquidated - Payoff |
65 | Liquidated - Xxxxxxxxxx |
00 | Liquidated - MBS substitution |
70 | Liquidated - Held for sale |
71 | Liquidated - 3rd party sale/condemnation |
72 | Liquidated - Pending conveyance |
74 | Assigned to Federal Housing Administration (FHA)/ Veterans Administration (VA) |
80 | Liquidated - Sold to Private Label Security |
90 | Loan liquidated in error and read to book of business source system. Not representing an actual loan liquidation. |
91 | Dissolution. Loan erroneously entered on source system and required to be liquidated to remove from source systems. |
99 | Other/error |
Corp/Escrow Advance/Recovery Types are defined in SRA Exhibit C10-2: Advance Types | |
Corp/Escrow FNM Trans Codes are defined in SRA Exhibit C10-1: Advance Reserve Account Allowed Transaction Types | |
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 21
Advance Solution Data DictionaryData Dictionary Legend - SAAS Allowable Values
Other Advance & Recovery Types (loan-level data) | ||
Code | Report Type | Description |
ADMIN | Other | Intentifies Admin Fees paid by Sub-servicer |
AGED | Other | Identifies Aged Advance Balances paid by Sub-servicer |
INCT | Other | Incentive |
INV | Other | Invoice |
REF | Other | Refund |
DELMOD | PI | Delinquent modifications |
DLRS | PI | Delinquent Loan Reclass - MBS |
ESFEE | PI | Excess Service Fee transactions |
ESFEES | PI | Excess Service Fee interest shortfall |
FBO | PI | Foreclosure buy out |
GFEE | PI | GFEE transactions |
GFEES | PI | GFEE interest shortfall |
LEGP | PI | Legacy Servicer P&I Advances |
LPMI | PI | LPMI transactions |
PPIS | PI | Prepaid Interest Shortfall |
SCRA | PI | Soldiers and Sailors Buydown expenses |
SSPI | PI | Description to be utilized on the SUB P&I Advance Detail Reports |
FNMA Remittance Type | |
Code | Description |
AA | Actual/Actual |
SS | Scheduled/Scheduled |
SA | Scheduled/Actual |
MBS | Mortgage Backed Security |
MRS | Mortgage Remittance System |
RPM | Rapid Payment Method |
EXP | Express |
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 22
Advance Solution Data DictionaryData Dictionary Legend - SAAS Allowable Values
FNMA Invoice Expense Codes | ||
FNMA Expense Code | Expense Name | Invoice Type |
101 | Loan boarding Fee | Self-Pay (Sub-Servicing Fees) |
102 | Subservicing Fees - Current Loans | Self-Pay (Sub-Servicing Fees) |
103 | Subservicing Fees - 30 to 59 days past due | Self-Pay (Sub-Servicing Fees) |
120 | Subservicing Fees – 60-539 days past due | Self-Pay (Sub-Servicing Fees) |
125 | Subservicing Fees – 540+ days past due | Self-Pay (Sub-Servicing Fees) |
202 | Interest on Escrow | Self-Pay |
203 | Interest on Hazard Insurance | Self-Pay |
309 | HARP Operational Expenses | Self-Pay |
339 | HAMP-Like Incentives | Self-Pay |
340 | Prior Servicer Claimable Expense – Not Collectible | Self-Pay |
350 | Terminated Lenders – Not Collectible | Self-Pay |
360 | Prior Servicer Claimed Expense - Collectible | Self-Pay |
400 | Incentive Compensation | Incentive Compensation |
FNM Invoice Types | |
Invoice Type | Frequency |
Self-Pay (Sub-Servicing Fees) | Monthly |
Self-Pay | Monthly |
Incentive Compensation | Quarterly |
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 23
Advance Solution Data DictionaryData Dictionary Legend - SAAS Allowable Values
Aged Advances Reason Codes | ||
Reason Code | Reason Description | Definition |
1000 | 1000 - Claim in Submitted Status | Servicer has submitted the claim but the claim is still in submitted or acknowledged status. |
2000 | 2000 - Supplemental Claim in Submitted Status | The initial claim was rejected or curtailed and the servicer has re-submitted . |
3000 | 3000 - Servicer Expense | The servicer acknowledges this as a servicer expense and should be taking immediate action to repay Xxxxxx Mae through recovery process. |
4000 | 4000 - Pending NSO Review | No action can be taken to close the balance due to an issue that requires attention of Xxxxxx Xxx to resolve. (Examples of this include but are not limited to loans that may have issues with the cases in HSSN or where certain transaction are awaiting a decision.) These should be documented and reported to Xxxxxx Mae Servicing Management for resolution. |
5000 | 5000 - Legacy Servicer Expense | The aged advance is due to a prior servicer balance that transferred or an expense that was incurred due to servicing error. These items should be identified with the proper transaction code. |
6000 | 6000 - Approved Aged Balance | Servicer has been granted a waiver or extension in writing by the NSO at Xxxxxx Xxx. |
7000 | 7000 - Xxxxxx Mae Expense | This aged advance has been identified as an item that should paid through the invoice billing process at Xxxxxx Xxx and should be paid back as a recovery by the servicer. |
8000 | 8000 - Redemption Period Pending | Loan is in redemption state and servicer cannot file claim until the redemption period has expired. |
9000 | 9000 - Approved Claim Pending Posting | The submitted claim that will close the aged balance has been approved or paid but the servicer has not had the ability to post the paid transactions to their system and therefore has not been able to record the recovery. |
10000 | 10000 - Active Loan Status | The aged balance is for a loan that has been reactivated or the servicer is showing the loan in active status. |
11000 | 11000 - Zero Aged Balance Loan | The servicer is not showing aged advances on their side and is disputing the amount. All items will be reviewed. |
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 24
Advance Solution Data DictionaryData Dictionary Legend - SAAS Aged Balance Categories
Aging Description | ||
Aging Category | Category | Period |
AA Loan <=90 Days | AA Balances | <=90 |
AA Loan 1 Year | AA Balances | 1 year |
AA Loan 151-180 Days | AA Balances | 151-180 |
AA Loan 181-365 Days | AA Balances | 181-365 |
AA Loan 2 Years | AA Balances | 2 years |
AA Loan 3 Years | AA Balances | 3 years |
AA Loan 91-150 Days | AA Balances | 00-000 |
XX Loan 31-60 Days | AA Balances | 31-60 |
AA Loan 61-90 Days | AA Balances | 61-90 |
AA Loan <=30 Days | AA Balances | <=30 |
Liq 30 Days | Liquidated Balances | 30 |
Liq 31-60 Days | Liquidated Balances | 31-60 |
Liq 61-90 Days | Liquidated Balances | 61-90 |
Liq 91-120 Days | Liquidated Balances | 91-120 |
Liq 121-150 Days | Liquidated Balances | 121-150 |
Liq 151-180 Days | Liquidated Balances | 151-180 |
Liq 181-365 Days | Liquidated Balances | 181-365 |
Liq 1 Year | Liquidated Balances | 1 year |
Liq 2 Years | Liquidated Balances | 2 years |
Liq 3 Years | Liquidated Balances | 3 years |
QC - Liq 00-00 Xxxx | XX Xxxxxxxxxx Balances | 61-90 |
QC - Liq 30 Days | QC Repurchase Balances | 30 |
QC - Liq 3 Years | QC Repurchase Balances | 3 years |
QC - Liq 2 Years | QC Repurchase Balances | 2 years |
QC - Liq 181-365 Days | QC Repurchase Balances | 181-365 |
QC - AA Loan <=90 Days | QC Repurchase Balances | <=90 |
QC - Liq 121-150 Days | QC Repurchase Balances | 121-150 |
QC - Liq 91-120 Days | QC Xxxxxxxxxx Xxxxxxxx | 00-000 |
XX - XX Loan 91-150 Days | QC Repurchase Balances | 91-150 |
QC - AA Loan 3 Years | QC Repurchase Balances | 3 years |
QC - AA Loan 2 Years | QC Repurchase Balances | 2 years |
QC - AA Loan 181-365 Days | QC Xxxxxxxxxx Xxxxxxxx | 000-000 |
XX - XX Loan 151-180 Days | QC Repurchase Balances | 151-180 |
QC - Liq/REO 00 Xxxx | XX Xxxxxxxxxx Balances | 30 |
QC - AA Loan 1 Year | QC Repurchase Balances | 1 year |
QC - Liq 151-180 Days | QC Repurchase Balances | 151-180 |
QC - Liq 1 Year | QC Repurchase Balances | 1 year |
QC - Liq/REO 00-00 Xxxx | XX Xxxxxxxxxx Balances | 61-90 |
Confidential Xxxxxx Xxx Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 25
Advance Solution Data DictionaryData Dictionary Legend - SAAS Aged Balance Categories
Aging Description | ||
Aging Category | Category | Period |
QC - Zero UPB 3 Years | QC Repurchase Balances | 3 years |
QC - Zero UPB 2 Years | QC Repurchase Balances | 2 years |
QC - Zero UPB 181-365 Days | QC Repurchase Balances | 181-365 |
QC - Zero XXX 000-000 Xxxx | XX Xxxxxxxxxx Balances | 151-180 |
QC - Zero UPB 1 Year | QC Repurchase Balances | 1 year |
QC - Zero UPB <=90 Days | QC Repurchase Balances | <=90 |
QC - Liq/REO 91-120 Days | QC Repurchase Balances | 91-120 |
QC - Liq/REO 1 Year | QC Repurchase Balances | 1 year |
QC - Liq/REO 00-00 Xxxx | XX Xxxxxxxxxx Balances | 31-60 |
QC - Zero XXX 00-000 Xxxx | XX Xxxxxxxxxx Balances | 91-150 |
QC - Liq/REO 3 Years | QC Repurchase Balances | 3 years |
QC - Liq/REO 2 Years | QC Repurchase Balances | 2 years |
QC - Liq/REO 181-365 Days | QC Repurchase Balances | 181-365 |
QC - Liq/REO 151-180 Days | QC Repurchase Balances | 151-180 |
QC - Liq/REO 121-150 Days | QC Repurchase Balances | 121-150 |
QC - Liq 00-00 Xxxx | XX Xxxxxxxxxx Balances | 31-60 |
Liq/REO 181-365 Days | REO Balances | 181-365 |
Liq/REO 31-60 Days | REO Balances | 31-60 |
Liq/REO 61-90 Days | REO Balances | 61-90 |
Liq/REO 91-120 Days | REO Balances | 91-120 |
Liq/REO 121-150 Days | REO Balances | 121-150 |
Liq/REO 151-180 Days | REO Balances | 151-180 |
Liq/REO 30 Days | REO Balances | 30 |
Liq/REO 1 Year | REO Balances | 1 year |
Liq/REO 3 Years | REO Balances | 3 years |
Liq/REO 2 Years | REO Balances | 2 years |
Zero UPB 121-150 Days | Zero UPB Balances | 121-150 |
Zero UPB 31-60 Days | Zero UPB Balances | 31-60 |
Zero UPB 61-90 Days | Zero UPB Balances | 61-90 |
Zero UPB 91-120 Days | Zero UPB Balances | 91-120 |
Zero UPB 1 Year | Zero UPB Balances | 1 year |
Zero UPB 3 Years | Zero UPB Balances | 3 years |
Zero UPB 181-365 Days | Zero UPB Balances | 181-365 |
Zero UPB 2 Years | Zero UPB Balances | 2 years |
Zero UPB 151-180 Days | Zero UPB Balances | 151-180 |
Zero UPB 91-150 Days | Zero UPB Balances | 91-150 |
Zero UPB <=90 Days | Zero UPB Balances | <=90 |
Confidential Xxxxxx Mae Document, Please Obtain Approval for Distributing
The purpose of the Data Dictionary is to define the reporting templates and not the eligible Advance and/or invoicing criteria 26
Advance Solutions Data Dictionary
Subservicing Summary
Servicer: | IBM ‐ Seterus 0000 Xxxxxxxxxx Xxxx Xxxxxxxx Xxxxxxxx Xxxx, XX. 27709 | Invoice To: | Xxxxxx Xxx 00000 Xxxxxx Xxxxxxx, Xxxxx 0000 Xxxxxx, XX 75254 Customer 7324875 Contract LBAAAAF |
Servicer Contact: | Xxxx Xxxxxxx Financial Analyst Phone: 720‐396‐7471 Email: xxxx.x.xxxxxxx@xx.xxx.xxx | Xxxxxx Mae Contact: | Xxxx Shively 972‐656‐2986 |
Invoice Submitted To: | xxxxxxx_xxxxxx_xxxxxxxxx@xxxxxxxxx.xxx | ||
CC: | xxxx_xxxxxxx@xxxxxxxxx.xxx | ||
Invoice Date: MM/DD/YYYY
Invoice Number: XXX
Services Period: MM,YYYY
PO # N/A
Payment Terms XXX
EXPENSE AMOUNT | ||
FEES | SUB‐SERVICING FEES | |
See Data Dictionary | $ ‐ $ ‐ $ ‐ $ ‐ | |
Sub‐Total | $ ‐ | |
REIMBURSEMENTS | SELF‐PAY FEES | |
See Data Dictionary | $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ | |
INCENTIVE COMPENSATION | $ ‐ | |
See Data Dictionary | $ ‐ | |
TOTAL DUE Servicer / (FNMA) (Non‐Taxable Charges) | $ ‐ | |
I certify that to the best of my knowledge these expenses are all eligible under the sub‐servicing agreement (SRA) and are accurate in their amounts. Should it be determined that these expenses are not eligible under the agreement, we will abide by the terms of the contract for repayment.
Approver (Vice President) Date
WIRING INSTRUCTIONS |
Bank Name: Account Name:
ABA/Routing Number (Wire): ABA/Routing Number (ACH): Account Number:
*The purpose of this document is to define the data reporting requirements and does not represent the eligible advance and/or eligible invoice criteria.
