Additional Underwriting Fields

The purpose of this job aid is to give additional information on three important fields in the Underwriting section on the Loan Details page.

NOTE: This does not include all the fields available in the Underwriting section on the Loan Details page in the Loan Delivery application.

Paid Discount Points Amount

Paid Discount Points Amount (Sort ID 194) is optional for all loans. Deliver only the amounts paid by the borrower. If the amount is zero or negative, enter zero. This data can be sourced from the Closing Disclosure.

Total Mortgaged Properties

Total Mortgaged Properties (Sort ID 244) is required for all loans. Deliver the total number of financed 1-4 unit residential properties owned by all borrowers on the loan. Do not include commercial properties or timeshares. If multiple borrowers own the same property, count it once. Include the subject property in the Total Mortgaged Properties count.

Monthly Reserves Count

Monthly Reserves Count (Sort ID 287) is required for all loans. Deliver the total months of verified liquid financial reserves that are available from all borrowers after closing the loan. Liquid financial reserves are those liquid or near liquid assets that are available to a borrower. Reserves are measured by the number of months of the qualifying payment amount for the subject mortgage (based on PITIA) that a borrower could pay using his or her financial assets. This data can be sourced from the Desktop Underwriter® (DU®) response.

In cases where the reserves determined to be collected is not a whole number, the lender should round down (e.g., -1.5 months would be delivered as 1). This value could be zero (0) in some instances.