Resolve for Fannie Mae 3596 3597 3598 3602 3615 3622 3644 Freddie DQC536 CRIT0245:
- For Prepaids, Prepaid Item Actual Payment Amount is required.
- When Prepaid Item Type is equal to 'PrepaidInterest', Prepaid Actual Payment Amount must be provided, even if a $0 value.
- For each Prepaid item, Prepaid Item Payment Paid By Type is required.
- For Prepaids, Prepaid Item Payment Paid By Type is required and must be a valid enumeration.
- For Prepaids, Prepaid Item Payment Paid By Type is required and must be a valid enumeration.
- Prepaid Item Paid From Date must be provided when Prepaid Item Actual Payment Amount for Prepaid Interest exists and does not equal $0.
- Prepaid Item Paid Through Date must be provided when Prepaid Item Actual Payment Amount for Prepaid Interest exists and does not equal $0.
- The Prepaid Interest item 'from' and 'to' dates are required when the sum of the Paid By amounts is not zero.
1. Open Loan File in Point.
2. Navigate to Closing Costs Worksheet.
3. Scroll down to section F. PREPAIDS.
4. Look for a Fee Type in the first column that is not accompanied by a Fee Amount in the 4th column.
5. Enter the Fee Amount by entering days.
6. Be sure the Paid By option is properly selected in the 5th column.
7. Enter Paid From and Paid Through dates.