Release Notes & iUpdates
Point of Sale
Fannie Mae 3023 Freddie DQC109 CRIT0046 A Payment Penalty Indicator is required.
Resolve for Fannie 3023 Freddie DQC109 CRIT0046:
- Prepayment Penalty Indicator is required. Provide the data as True or False.
- A payment penalty indicator is required.
1. Open the file in Point.
2. Navigate to Forms > Good Faith Estimate from the top menu.
3. In the Summary of Loan section complete the Loan has a Prepayment Penalty box and field as appropriate.
4. Navigate to the Loan Estimate and Loan Terms section.
5. View the Payment Penalty field to verify the data entry.