Servicing Director Fannie Mae MI Discontinuance Export Or Report Does Not Include Expected Loans And Activity

Servicing Director Fannie Mae MI Discontinuance Export Or Report Does Not Include Expected Loans And Activity

You may find that the Fannie Mae MI Discontinuance Export or Report does not include all of the loans and activity that you are expecting to see.

Environment:

Fannie Mae MI Discontinuance

Workaround:

The problem may be that the Fannie Mae MI Discontinuance Export and Report events, by design, will only select loans and activity based on specific investor reporting types, specific escrow record sub types, as well as being dependent on insurance cancel dates investor last cutoff dates.
These may not be set up correctly in your system, or your dates may not sync up to the selection requirements.

This is the selection criteria and field descriptions for the Fannie Mae MI Discontinuance Export and Report :
Records are selected where Investor.ReportingType IN (2, 3, 4, 5, 10), EscrowType.EscRecordSubType IN (2, 3, 4, 5) and Insurance.CancelDate > Investor.PriorLastCutoffDate and Insurance.CancelDate < = Investor.LastCutoffDate.

Escrow Record Sub Types :
2=MI
3=FHA Risk Based
4=FHA Section 530
5=FHA Other

Investor Reporting Types
2=LASER - AA
3=LASER - SA
4=MBS - Obsolete
5=LASER - SS
10=MBS Bi-Weekly - Obsolete

ArticleNumber:

000070025