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Certifiable Fields

Revisions handled with Custodian Data Revision Process in Loan Delivery

The data revision process only applies to fields certified by document custodians. The table below lists all fields that may receive a data revision in Loan Delivery:

Address

Original loan Amount

Cap Down Percentage

City

Note Rate

Cap Up Percentage

Stage

Principal and Interest

1st Rate Change Date

Maturity Date

Minimum Mtg Interest Rate

1st Payment Change Date

1st Payment Date

Maximum Mtg Interest Rate

Interest Only End Date

Mortgage Margin

 

 

Revisions Handled Outside of Custodian Data Revisions Process, Using Cancel Certification

The fields below are not editable by the custodian and any data revisions would be handled as described in the Resolution column below:

Loan Delivery Field Name Sort ID MISMO Field Name Resolution
Rounding Type 118 InterestRateRoundingType
  • Custodian will flag issue as Doc Failure.
  • Lender will be notified in Loan Delivery of Doc Failure.
  • For both whole loans and MBS loans, the lender should select the Cancel Cert button in Loan Delivery to bring the loan back to Draft status.
  • Lender applies data revision and resubmits the loan for certification.
Rounding % 117 InterestRateRoundingPercent
Standard Lookback Days 113 InterestAndPaymentAdjustmentindexLeadDaysCount
Special Features Codes 368 InvestorFeatureIndentifier
MERS MIN Number 401 MERS_MINIdentifier

For corrections to warehouse lender related information, review the Loan Delivery Bailee Correction Reminders. 

For detailed instructions on how to Cancel Certification for MBS, please see the MBS Cancel Certification Job Aid.