Adding Issue information for a New Pool

Adding Issue information for a New Pool

The Issue Information screen is the second screen in the process to create a new pool. The pool number and description that you added on the New Pool screen appear in the Pool Number and Description fields.
 
To add issue information for a new pool
  • Access the Pool Reporting Application
  • Select the pool detail tab
  • Enter the tax identification number for the investor for this pool in the Tax ID # field
  • Enter the original balance of this pool in the Original Bal field
  • Enter the total monthly amount expected from principal and interest payments for this pool in the Original PI Constant field
  • Enter the original number of loans in this pool in the Original Num Loans field
  • Select the type of issue for this pool from the drop-down list for the Type of Issue field
  • Select the type of program for this pool from the drop-down list for the Program Type field
  • Enter the pool margin for this pool if it is a GNMA ARM pool in the Pool Margin field
  • Select the pooling method for this pool. (Only GNMA I pools use the IR pooling method
Select CD if the pool uses the Concurrent Date pooling method. (The Concurrent Date pooling method means that if payments to the service r are due on the first of the month and remittance to the investor is due on the 15th, the remittance to the investor is due on the 15th of the same month.)

Select IR if the pool uses the Internal Reserve pooling method. (The Internal Reserve pooling method means that if payments to the service r are due on the first of the month and remittance to the investor is due on the 15th, the remittance to the investor is due on the 15th of the next month.) Only select this option for GNMA I pools.
  • Enter the date that this pool was issued in the Pool Issue Date field
  • Enter the date that the first remittance to the investor is due in the Initial Payment Date field
  • Enter the date that this pool matures in the Maturity Date field
  • Enter the date you purchase this pool in the Date Purchased field
  • Enter the date that this pool is sold or paid off in the Date Sold/Paid Off field. As of the date you enter in this field, this pool is removed from reports produced in Pool Reporting
  • Select next (the Current Information screen appears)
     

ArticleNumber:

000051161

    • Related Articles

    • Adding a New Employee

      Complete the steps below to create a new teller for EZTeller. Environment: EZTeller For EZTeller Enterprise Note: An SQL Login must be created on the SQL Server first. Open Superview and select your role. Note: Superview access is defined under ...

    • Reconciling Pool Security Balances

      You can use the Security Balance Reconciliation view to help reconcile pool security balances. You can also run the following reports, which provide more detail: The Security Balance Reconciliation report (which corresponds to the Security Balance ...

    • Adding IRS 1099 A/C Information to Servicing Director

      You can add 1099-A and 1099-C records for a loan. You are required to submit 1099-A forms to borrowers where the property has been abandoned or foreclosed. You are required to submit 1099-C forms to borrowers where there has been a cancellation of ...

    • Viewing Servicing Director Pool Reporting Certificate Information

      Use the Servicing Director Pool Reporting application to view Certificate information. Open Pool Reporting. Select the investor you want to view, and click OK. Select the pool number in question. Click the Pool Certificate button. ArticleNumber: ...

    • Adding an Escrow Balance After New Loan Set to Active in Servicing Director

      Adding an escrow balance after a loan has been set to active. There are two resolution options for this issue: 1) you can make a payment to escrow, or 2) do an escrow adjustment. Make a Payment to Escrow Open Payment Processing. Select New to create ...