New warning edits related to Unpaid Principle Balance (UPB), Mortgage Insurance (MI), Original Term, and DU Compare.
Edits related to Unpaid Principle Balance, Mortgage Insurance, Loan to Value – Combined Loan-to-Value (LTV-CLTV), Borrower, Payment, Servicing Marketplace® (SMP®), and Property-Project Type changing from warning to fatal severity.
Edits related to Interest Rate, Original Term, Servicing Marketplace® (SMP®), Credit Score, Property-Project Type, and Underwriting changing from warning to fatal severity
New warning edits related to Unpaid Principle Balance (UPB), Mortgage Insurance (MI), Address, Borrower, Reference Data, Commitment, DU Compare, Debt-To-Income
Per Selling Guide announcement, SEL-2020-07, all eligible loans secured by a single-width manufactured home must be delivered with Special Feature Codes (SFC) 235 and 791. The following data elements must also be included in Loan Delivery:
ConstructionMethodType (Sort ID 51): Manufactured
ManufacturedHomeWidthType (Sort ID 33): SingleWide
Loan Delivery will auto-derive both SFC 235 and 791 based on the above delivered data elements and implement edits to support the Feb. 1 delivery date of loans secured by single-width manufactured homes.
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