If Rate Type Annual: 1st of the month AND >12 months and <=18 months from Closing Date String(1); Credit Type Type of credit = Open; Yes 8 ‘O’ = Closed; ‘C’ Integer(1); Round to Interest rate = Will not be rounded; Yes 9 ‘0’ 1/8th rounding indicator = Will be rounded to 1/8th percent; ‘1’ Lender Loan String (20); Lender loan number No 10 # HUD assigned Integer; mortgagee number Must be > 0; Yes 11 of assigned servicer FHA Mortgagee Number HUD assigned Investor Integer; mortgagee number Yes 12 Name Must be > 0; of investor Date(10); Format: YYYY-MM-DD; Must be <=Today’s date; Mortgage Closing Closing Date must be a Business Day; Closing Date Yes 13 Date and CANNOT be a Sunday or a Federal Holiday (Exceptions for Federal Holidays: MLK Day, Day, Columbus Day, President’s Veterans Day); Date(10); Format: YYYY-MM-DD; Must be >=Closing Date and Date; <=Today’s Funded Date must be within 30 days from the Closing Date; Funded Date Funded Date Yes 14 Funded Date must be a Business Day; and CANNOT be a Sunday or a Federal Holiday (Exceptions for Federal Holidays: MLK Day, Day, Columbus Day, President’s Veterans Day); Date(10); Application Loan Application Format: YYYY-MM-DD; No 15 Date Date Must be <=Closing Date; Conditional; on Date(10); Index date for availability of Exp. Rate Format: YYYY-MM-DD; Expected Interest data field Exp. 16 Index Date Must be <=Closing Date and >= Rate Rate Index Application Date - 14 days; Date Exp. Rate Loan Rate lock Integer(1); Conditional; on 17 Locked status - No; availability of ‘0’
If Rate Type Annual: 1st of the month AND >12 months and <=18 months from Closing Date Credit Type Type of credit String(1); ‘O’ = Open; ‘C’ = Closed; Yes 8 Round to 1/8th Interest rate rounding indicator Integer(1); ‘0’ = Will not be rounded; ‘1’ = Will be rounded to 1/8th percent; Yes 9 Lender Loan # Lender loan number String (20); No 10 HUD assigned mortgagee number of assigned servicer Integer; Must be > 0; FHA Mortgagee Number Yes 11 Investor Name HUD assigned mortgagee number of investor Integer; Must be > 0; Yes 12 Closing Date Mortgage Closing Date Date(10); Format: YYYY-MM-DD; Must be <=Today’s date; Closing Date must be a Business Day; and CANNOT be a Sunday or a Federal Holiday (Exceptions for Federal Holidays: MLK Day, President’s Day, Columbus Day, Veterans Day); Yes 13 Funded Date Funded Date Date(10); Format: YYYY-MM-DD; Must be >=Closing Date and <=Today’s Date; Funded Date must be within 30 days from the Closing Date; Funded Date must be a Business Day; and CANNOT be a Sunday or a Federal Holiday (Exceptions for Federal Holidays: MLK Day, President’s Day, Columbus Day, Veterans Day); Yes 14 Application Date Loan Application Date Date(10); Format: YYYY-MM-DD; Must be <=Closing Date; No 15 Exp. Rate Index Date Index date for Expected Interest Rate Date(10); Format: YYYY-MM-DD; Must be <=Closing Date and >= Application Date - 14 days; Conditional; on availability of data field Exp. Rate Index Date 16 Exp. Rate Locked Loan Rate lock status Integer(1); ‘0’ - No; Conditional; on availability of 17
HECMB2GUPRECLAY0917.DOCX