Streamlined Review Service:
Investor Loan Recons
Are you confident in your investor accounting reconciliations? Is your sign-off certifying completeness or accuracy? Let SCA bring you peace of mind when it comes to satisfying investor accounting requirements.
Why Should I Consider This Evaluation?
Avoid compensatory fees from reporting or reconciliation errors
Recapture potentially unreconciled surplus funds
Validate that a non-disputable, thorough process is in place
Ensure GSE relationship stays intact
Review Packages Include:
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The Fannie Mae streamlined reconciliation review takes a look at three (3) consecutive months of completed recon packages including supporting documentation, assessing completeness, accuracy, and opportunities for streamlined efficiencies.
Documents Reviewed Include:
✓ Form 496 P&I Recon
✓ Form 496A T&I Recon
✓ Schedule 1 Mortgage Portfolio Recon
✓ Schedule 2 Interest Rate Recon
✓ Schedule 3 Shortage/Surplus Recon
Documentation Requirements:1. Three (3) consecutive months completed recon packages including supporting documentation.
2. View only access to FNMA platforms:
a. Cash Remittance System
b. LSDU (Loan Servicing Data Utility)
c. Master Servicing Portfolio Manager
d. FNMA Connect
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The Freddie Mac streamlined reconciliation review takes a look at three (3) consecutive months of completed recon packages including supporting documentation, assessing completeness, accuracy, and opportunities for streamlined efficiencies.
Documents Reviewed Include:✓Form 59 P&I Recon
✓ Form 59E T&I Recon
✓ Current Cycle Variance Log
✓ Cumulative Cycle Variance Log
Documentation Requirements:1. Three (3) consecutive months completed recon packages including supporting documentation.
2. View only access to FHLMC platforms:
a. Cash Manager
b. Loan Level Reporting
c. Servicer Performance Profile
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An assessment checklist and summary report will be provided, outlining observations, highlights of the current process successes, and potential areas of concern or improvement opportunities.