Assigning Contract and Guaranty Fee Information

Scenario 2a:
Update All Loans with the Same Contract (Same Guaranty Fee per Contract)

NOTE: If all loans have the same guaranty fee after BU/BD, you can also assign during this step.

Step-by-Step Instructions:

1. On the Pool Details page, select the Update All Loans button.

2. The Update Loans page will be displayed, indicating that the update includes all the loans in the pool (5 of 5 loans). Go to the Investor Information section and assign the contract number. For demonstration purposes only, we assigned contract number “123456” to all the loans in this pool.

3. Scroll down to the Guarantee Information section and assign the guaranty fee and guaranty fee after APM information. Again, for demonstration purposes only, we assigned a 25.00 bps guaranty fee and guaranty fee after APM.

NOTE: Guaranty fee per contract and guaranty fee after APM should always be the same.

NOTE: If you know all loans will have the same guaranty fee after BU/BD, you can also assign this field during this step (see blue box below).

4. Click the Save & Run Pool Edits button.

5. Once the Save & Run Pool Edits function finishes processing, you should see the same contract number you just assigned now appear in this field for all loans in the pool (Contract No. “123456”).