Forbs
What workout template would we use on an FHA loan when the RFD is unemployment, short term, with no ability to pay?
FHA Unemployment Forb
What is the docs out date this month for a BO trial plan?
5/16/25
GSE Final mod- What LOSS WORK task do we need to complete if the loan is in FCL?
1033
What “Program Type” do we use for a disaster deferral
Deferral
If we are extending a disaster forbearance, what would the extended forb start date be? Scenario: current date: 5/21/25, loan next due: 11/1/24, current forb end date: 5/31/25.
6/1/25
What is the docs out date this month for a GSE trial in New York?
5/30/25
For a Bank owned flip, what collum in the LPM do we put the past due interest after unapplied funds have been applied in the calc?
deferred
What is the docs out date for disaster deferrals?
5/30/25
BAU Forb (not a VA)- What LOSS WORK tasks need to be completed?
5, 6
Where can you request a FNMA initial QR review?
the FNMA review chat
For a FNMA flip, where would we check to see if the loan needs a copy of the reclass report?
Rul inv acc. Pool number &/or document something
What is the docs out date for standard deferrals?
5/15/25
If we have not received any intentions from the bwr by the end of the forb period, when must the forb she shut down?
by the end of the 1st business day of the month after the forb ends
What would the net servicing fee be on a GSE trial?
.25%
On a FNMA Final mod, where do the Unapplied funds get applied to in the LPM?
Interest
Standard Deferral- Under 90DD- What would the waterfall dispositions be down to and including the deferral? (you don’t have to list the disposition reasons)
Reinstatement- Denied, Repay- Denied, Forb- Denied, Deferral exercised
What workout template would we use on a GSE loan when the RFD is curtailment of income, short term, with no ability to pay?
Special Forb
For a FNMA non-delegated flex trial with a prior deferred amount, where is the prior deferred amount showing in the BITB calc?
Piggy back
for a Freddie flip where the trial case was cancelled for some reason (like a solicitation going out in error, shutting down our case), what process would we use to reopen the case with resolve if possible.
Mod appeal process
If todays day was 5/19/25, what would the 1st payment due date be for a standard deferral?
7/1/25