INTRODUCTION The Home Equity Conversion Mortgage Service Provider (HECM SP) has released version 5.2 of the Home Equity Reverse Mortgage Information Technology (HERMIT) software which consists of: Updates to Monthly Lender Reconciliation File Standardize HERMIT search screens to include City, State, ZIP, and County 3rd Party FCL Terminate Transaction Code Changes Update Logic for Funded Date Changes Activate Block #121c for Claim Type 24 to claim debenture interest instead of using Block #408 Release 2nd Timeline Auto-Create Changes New fields for HOA / Condo Assessments New Report for HOA / Condo Property Assessments Servicer MMIP batches over 20,000 records posted to HERMIT SFTP automatically If you have any questions regarding the functionality of the software release, please contact the HERMIT Help Desk at 561-899-2610 or at . If you have any policy related questions, please send an email to HUD at . Updates to Monthly Lender Reconciliation File Additional fields have been added to the Monthly Lender Reconciliation (MLR) file. An update has been made to the existing field Monthly Set-Aside to display all Tax and Insurance (T&I) “MO. SET-ASIDE” monthly set aside amounts. Previously, the was present but displayed zero for field “MO. SET-ASIDE” all loans. The 16 fields added to the MLR file are existing fields in HERMIT and increases the number of fields in the MLR file from 64 fields to 80 fields. See below for the list of fields that have been added: Field # Field Name 65 Round to 1/8th 66 ARM First Change Date 67 Credit Type 68 Loan Skey 69 Prop Charge-Pre D&P Balance 70 Payment Status 71 LESA Balance 72 LESA Type 73 Semi Annual Payment Amount 74 IDL Amount 75 IDL Expiration Date 76 HERMIT sub status 77 Current Principal Limit 78 NBS 79 Prior Loan Balance 80 CLOSE DT
INTRODUCTION The Home Equity Conversion Mortgage Service Provider (HECM SP) has released version 5.2 of the Home Equity Reverse Mortgage Information Technology (HERMIT) software which consists of: Updates to Monthly Lender Reconciliation File Standardize HERMIT search screens to include City, State, ZIP, and County 3rd Party FCL Terminate Transaction Code Changes Update Logic for Funded Date Changes Activate Block #121c for Claim Type 24 to claim debenture interest instead of using Block #408 Release 2nd Timeline Auto-Create Changes New fields for HOA / Condo Assessments New Report for HOA / Condo Property Assessments Servicer MMIP batches over 20,000 records posted to HERMIT SFTP automatically If you have any questions regarding the functionality of the software release, please contact the HERMIT Help Desk at 561-899-2610 or at . If you have any policy related questions, please send an email to HUD at . Updates to Monthly Lender Reconciliation File Additional fields have been added to the Monthly Lender Reconciliation (MLR) file. An update has been made to the existing field Monthly Set-Aside “MO. SET-ASIDE” to display all Tax and Insurance (T&I) monthly set aside amounts. Previously, the field “MO. SET-ASIDE” was present but displayed zero for all loans. The 16 fields added to the MLR file are existing fields in HERMIT and increases the number of fields in the MLR file from 64 fields to 80 fields. See below for the list of fields that have been added: Field # Field Name 65 Round to 1/8th 66 ARM First Change Date 67 Credit Type 68 Loan Skey 69 Prop Charge-Pre D&P Balance 70 Payment Status 71 LESA Balance 72 LESA Type 73 Semi Annual Payment Amount 74 IDL Amount 75 IDL Expiration Date 76 HERMIT sub status 77 Current Principal Limit 78 NBS 79 Prior Loan Balance 80 CLOSE DT