Freddie Mac Payoff Report

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2 , Inc. or its affiliates. All rights reserved. This work is confidential and its use is strictly limited. Use is permitted only in accordance with the terms of the agreement under which it was furnished. Any other use, duplication, or dissemination without the prior written consent of, Inc. or its affiliates is strictly prohibited. The information contained herein is subject to change without notice. Except as specified by the agreement under which the materials are furnished,, Inc. and its affiliates do not accept any liabilities with respect to the information contained herein and is not responsible for any direct, indirect, special, consequential or exemplary damages resulting from the use of this information. No warranties, either express or implied, are granted or extended by this document. is a registered trademark of, Inc. Other brands and their products are trademarks or registered trademarks of their respective holders and should be noted as such. Freddie Mac Payoff Report 2

3 Overview: This report provides a listing of all Freddie Mac loans that have been paid off during a specified time period. This is an on-request report and can be executed daily or on the Investor Cutoff Date. Its primary purpose is to assist the institution with entering payoff data within the Freddie Mac Midanet loan servicing system. Key Benefits: This report provides the data on paid off loans sold to Freddie Mac including interest rates, balances, percent sold, and what amount is owed to the investor within three days. Processing: The AP_ILFRPYF Batch application is designed to gather and report information for Freddie Mac loans paid off during a specified time period. This report sorts by investor loan program and account number. The date parameters allow flexibility in deciding how frequently this application should be run to capture the paid off investor loan data. Parameters: Parameter Code Description (how used) Required Default Start Date SD Beginning of the date range Yes <Blank> used to search for paid off loans. Valid value would be Today/last cutoff date plus 1 day Thru Date TD The end of the date range used Yes <Blank> to search for paid off loans. Valid value would be Today Investor Remittance Cutoff Day CDAT The cutoff day defined on the investor program level, based on the institution request per MHFA No <Blank> Includes all codes Investor Loan Program Organization Number contract. ILP Loan program codes No <Blank> ORG System assigned organization number for MHFA No <Blank> Scheduling and re-run information (for batch applications): This report can be run at any time. Freddie Mac Payoff Report 3

4 Report: AP_ILFRPYF Totals section: File Layout: AP_ILFRPYF Field Description Tax Owner Name Tax owner on the loan Fed Mac Ln # The Freddie Mac loan number Account Number The loan number at the financial institution Group Number The investor loan program group number the loan is a part of Major Major Account Type Code Minor Minor Account Type Code IStat Current status of the loan Note Rt Annual interest rate assessed on the loan Invr Rt Annual interest rate paid to the investor Serv Rt Annual interest rate paid to the institution for servicing the loan DDLPI Due Date Last Paid Installment Date of regular payment Irate EffDt Interest rate effective date Excep Cd Freddie Mac exception code, if applicable Holdr Cd Note Holder 0 = Investor 1 = Institution 2 = Other Excep Date Effective date of the Freddie Mac exception, if applicable Remit Date Due date of payoff remittance to Freddie Mac (payoff date plus 3 business days) % Sold Percentage of the loan sold to the investor Prin Balance Principal balance of the loan at the time of payoff Invr Balance Principal balance owned by Freddie Mac Freddie Mac Payoff Report 4

5 Field Payoff Prin Due P&I Payment Int Due w/in 3 Days Int Due at Remit Totals for Investor Loan Program Principal (NOTE BAL) Due Within 3 Days Exception Interest Due Within 3 Days Total Due Within 3 Days Monthly Interest Due at Remittance Description Principal balance due to Freddie Mac at the time of payoff The principal and interest component of the monthly payment Amount of interest due within 3 days of the payoff Amount of interest due at the next remittance Totals The title of the Investor Loan Program Total principal balance due within 3 days for the program Total exception interest due within 3 days for the program Total amount due within 3 days for the program Total monthly interest due at remittance for the program Additional Requirements: DNA version 3.2 or newer Configuration Checklist: Item Parameters Test Environment Production Environment Revisions Date App Change Version # 09/ Documentation updated to meet new user guide template standards 05/ Application Created Freddie Mac Payoff Report 5