Reason code list: (Part A/Block 27) Hazard Insurance/Loss Draft Funds – (Part A/Block 27) Property Damage Adjustment – (Part C) Disbursements for Protection & Preservation – Part D/Block 305 Hazard Insurance Premiums – Part D/Block 305 Taxes – Part D/Block 305 Utilities – Part D/Block 305 Servicing Fees – Part D/Block 305 Forced Place Insurance – Part D/Block 305 HOA Fees – Part D/Block 305 Eviction Fees & Costs – Part D/Block 305 Other – Part D/Block 306 Attorney/Trustee Fees – Part D/Block 307 - Recording Fees Part D/Block 307 Sheriff Fees – Part D/Block 307 Clerk Costs – Part D/Block 307 - Publication Fees Part D/Block 307 - Foreclosure and/or Acquisition, Conveyance Costs Other – Part D/Block 311 - Mortgage Insurance Premiums Part E/Block 407 - Taxes Owed to Buyer at Closing Part E/Block 407 - Water Rates Owed to Buyer at Closing Part E/Block 407 - Special Assessments Owed to Buyer at Closing Part E/Block 407 - Amount Owed to Buyer at Closing Other – Part E/Block 408 - Sales Commission Part E/Block 408 Recording Fees – Part E/Block 408 Title Insurance Policy – Part E/Block 408 Additional Closing Costs at Settlement Other – – Part E/Block 409 Appraisal Fees – Note Interest Back to HUD Debenture Interest Back to HUD Erroneous Duplicate Payment Other The Reason Code has been added to the Batch Details page of the Accounting Transmittal Screen and is included in the to from the Batch Details page. “Export Excel” feature The total of the Over Claim transaction amounts cannot exceed the claim amount on the original claim that was paid. This total is measured at the claim level, not the loan level. The Over Claim transaction type that is selected will determine which claim is checked. For a loan with both a CT21 and a CT24 supplemental were paid, if the Type 21 Over transaction is “Claim – Claim” selected, HERMIT will check against the claim total from the Claim Type 21. No Authorizations will be needed for the collection to be processed. An adjustment icon will be displayed on the transaction on the transaction Claims until the transaction is batched and sent over to the Accounting Module at the end of the day.
Reason code list: (Part A/Block 27) – Hazard Insurance/Loss Draft Funds (Part A/Block 27) – Property Damage Adjustment (Part C) – Disbursements for Protection & Preservation Part D/Block 305 – Hazard Insurance Premiums Part D/Block 305 – Taxes Part D/Block 305 – Utilities Part D/Block 305 – Servicing Fees Part D/Block 305 – Forced Place Insurance Part D/Block 305 – HOA Fees Part D/Block 305 – Eviction Fees & Costs Part D/Block 305 – Other Part D/Block 306 – Attorney/Trustee Fees Part D/Block 307 - Recording Fees Part D/Block 307 – Sheriff Fees Part D/Block 307 – Clerk Costs Part D/Block 307 - Publication Fees Part D/Block 307 - Foreclosure and/or Acquisition, Conveyance Costs – Other Part D/Block 311 - Mortgage Insurance Premiums Part E/Block 407 - Taxes Owed to Buyer at Closing Part E/Block 407 - Water Rates Owed to Buyer at Closing Part E/Block 407 - Special Assessments Owed to Buyer at Closing Part E/Block 407 - Amount Owed to Buyer at Closing – Other Part E/Block 408 - Sales Commission Part E/Block 408 – Recording Fees Part E/Block 408 – Title Insurance Policy Part E/Block 408 – Additional Closing Costs at Settlement – Other Part E/Block 409 – Appraisal Fees Note Interest Back to HUD Debenture Interest Back to HUD Erroneous Duplicate Payment Other The Reason Code has been added to the Batch Details page of the Accounting Transmittal Screen and is included in the “Export to Excel” feature from the Batch Details page. The total of the Over Claim transaction amounts cannot exceed the claim amount on the original claim that was paid. This total is measured at the claim level, not the loan level. The Over Claim transaction type that is selected will determine which claim is checked. For a loan with both a CT21 and a CT24 supplemental were paid, if the “Claim Type 21 – Over Claim” transaction is selected, HERMIT will check against the claim total from the Claim Type 21. No Authorizations will be needed for the collection to be processed. An adjustment icon will be displayed on the transaction on the transaction Claims until the transaction is batched and sent over to the Accounting Module at the end of the day.
HERMIT%20Release%20Notes%20-%20Release%205.5.docx