Fannie Mae 3024 Freddie DQC117 CRIT0048 A balloon indicator is required

Resolve for Fannie 3024 Freddie DQC117 CRIT0048:

- Balloon Indicator is required. Provide the data as True or False.

- A balloon indicator is required.


1. Open the loan 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 Balloon Payment box and field as appropriate.

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4. Navigate to the Loan Estimate and the Loan Terms section.

5. View the Balloon Payment field to verify the data entry.

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