Where are Action/Exception Codes Assigned in Fusion Servicing Director For Investor Reporting

Where are Action/Exception Codes Assigned in Fusion Servicing Director For Investor Reporting

When you report special actions on loans to Fannie Mae and Freddie Mac, you must use Action/Exception codes. Servicing Director assigns some of these codes automatically when the primary status is changed (Code 60, 61, 70, 71, and 72). The system will also automatically assign a principal balance correction (code 80) for a mortgage on which the ending UPB is higher than the beginning unpaid principal balance (UPB) for a reason other than negative amortization. (For example, a curtailment that was received in one accounting period and reversed in another accounting period.) You can manually change all of these codes in the Code field.
  • Select Investor Accounting
  • Select the latest cutoff for the Investor
  • Select Cutoffs then select the cutoff date
  • Select Loan detail enter the loan number
  • Select the Remittances tab

Environment:

Investor Accounting

ArticleNumber:

000054629

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