Release Notes & iUpdates
Point of Sale
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.
4. Navigate to the Loan Estimate and the Loan Terms section.
5. View the Balloon Payment field to verify the data entry.