Edit Resolution

Edit 469

Issue Date UPB must be less than Original Loan Amount when Pool Issue Date equals 1st Payment Date.

Solution: The Pool Issue Date and 1st Payment Date are both November 1, 2020. The Issue Date UPB must be reduced by the November principal payment amount.

Edit 1749

For fixed-rate and unadjusted ARM loans, the Issue Date UPB and the calculated Actual Issue Date UPB must be the same (or within a $1 tolerance).

Solution: 
Check the First Payment Date, LPI Date and Current UPB:

• If the 1st Payment Date is equal to the Pool Issue Date, make sure the Issue Date UPB has been reduced by the November Principal Payment amount. 
• When the Pool Issue Date and LPI Date are the same, the Issue Date UPB and the Current UPB must be equal. The $1.00 tolerance is due to different rounding standards being applied.

Edit 1756

For fixed-rate loans, the Current UPB must equal the Issue Date UPB when the LPI Date is the same month/year as the Pool Issue Date.

Solution: If the 1st Payment Date is equal to the Pool Issue Date, make sure the Issue Date UPB has been reduced by the November Principal Payment amount as well as any principal curtailments.

Edit 1758

For fixed-rate Same Month Pooling loans, the Current UPB must equal the Issue Date UPB when the LPI Date is one month after the Pool Issue Date.