FHLB Boston Extract File Creation PS_FHLBBOS Application FHLB Boston Res Loan Listing Extract

Transcription

1 FHLB Boston Extract File Creation PS_FHLBBOS Application FHLB Boston Res Loan Listing Extract

2 2015, Inc. or its affiliates. All rights reserved. This work is confidential and its use is strictly limited. Use is permitted only in accordance with the terms of the agreement under which it was furnished. Any other use, duplication, or dissemination without the prior written consent of, Inc. or its affiliates is strictly prohibited. The information contained herein is subject to change without notice. Except as specified by the agreement under which the materials are furnished,, Inc. and its affiliates do not accept any liabilities with respect to the information contained herein and is not responsible for any direct, indirect, special, consequential or exemplary damages resulting from the use of this information. No warranties, either express or implied, are granted or extended by this document. is a registered trademark of, Inc. Other brands and their products are trademarks or registered trademarks of their respective holders and should be noted as such. PS_FHLBBOS 2

3 Overview: Single file format for FHLB Boston that is used to allow customers to submit the required data for pledging residential collateral to FHLB Boston. This is the One-to Four Family Residential Mortgage Input File Format layout designed by the FHLB Boston. Key Benefits: Financial Institutions who are members of the Federal Home Loan Bank of Boston (FHLB Boston) can pledge Owner-Occupied 1-4 Family Residential Collateral through the financial institution s listing service as opposed to using its Qualified Collateral Report (QCR). This DNAapp facilitates the listing process by automatically identifying eligible loans and extracting the required data from DNA into a file that can be submitted to FHLB Boston. The FHLB Boston Res Loan Listing Extract DNAapp eliminates the time required to manually identify eligible loans and assemble the necessary data for each, enabling users to take advantage of the financial institution s listing service more efficiently and accurately. Using this DNAapp to list residential loan collateral with FHLB Boston is simpler, faster and more reliable than manually completing the QCR. Automated process saves time and reduces the opportunity for error Allows FHLB Boston to derive collateral discounts based on the unique characteristics of your portfolio, which may result in lower collateral discounts (haircuts) and additional borrowing capacity Easier to submit than a QCR, allowing you to update your borrowing capacity more frequently More stable borrowing capacity based on more accurate and reliable information Can streamline your mandatory annual FHLB Boston audit review Inaccurate QCRs may overstate eligible collateral and values use this DNAapp to increase accuracy and save time by listing your Owner-Occupied 1-4 Family Residential Collateral with FHLB Boston whenever you want to update your borrowing capacity. Processing: The comma delimited Output file is placed in the path which is indicated by the Output File Path parameter. All output concerned with Borrower Name and Address is considered string data and be enclosed by double quotes ( ). The selection criteria are that the loan must be in a major within the Major Account Type Code parameter, the minor account must be in the Minor Account Type Code parameter. If the Major Account Type Code parameter is null, all MTG, CNS and CML loans are examined. It is recommended that these values be provided by the requesting financial institution. Parameter Appraisal Type Code contains the values of DNA Appraisal Type. The accounts Status Code is fetched from Current Acct Status Code Parameter. The Property Type Code parameter must be populated with the property type codes that the FHLB are looking for (Single Family residence, Planned Unit Developments (PUD), Two PS_FHLBBOS 3

4 Family, Condominium, Three/Four Family Residence). The current balance must be greater than or equals to the value of Minimum Balance to Qualify Parameter. Also, the original balance must not be less than the current balance. Account s credit score will be provided only if falls in the range of Borrower Credit Quality This field is calculated only if account s credit score is not available or not in the range of Future dated rows will not be reported unless otherwise indicated in the file layout or within this document. Account Exclusions Per the FHLB of Boston, accounts in the following conditions are not included in the extract because they are not eligible to be pledged: Accounts with a term in excess of 40 years based on the contract date and the maturity date Accounts with a maturity date less than 3 months in the future Accounts having no valid credit score and borrower credit quality Accounts having rate type is variable and Life of Loan Cap is 0.00 or blank Parameters: Parameter Code Description (how used) Required Default Major Account Type Code MJCD Comma-delimited list of major account type codes. No MTG,CML,CNS Minor Account Type Code MICD If left blank, MTG, CML, CNS majors are included. Comma-delimited list of minor account type codes. No <BLANK> Property Type Code PTCD If left blank, all applicable accounts are included, regardless of current minor account type. Comma-delimited list of Property type codes. Yes <BLANK> Output File Path COUP Complete path name where output file is to be located. The trailing backslash is optional (e.g. C:\TEMP\ ) No Batch Queue Output Directory PS_FHLBBOS 4

5 Parameter Code Description (how used) Required Default Output File COUF The name of the file to be created. No Name If left blank, default value (FAM1-4 Institution Option DOCK Value YYYYMMDD.CSV) will be used. e.g. FAM CSV Where = DOCK Value = Queue effective date formatted as YYYYMMDD FAM1-4 Institution Option DOCK Value YYYYMMDD.CSV Asset Verification User Field Documentation Type User Field Current Acct Status Code Minimum Balance to Qualify Appraisal Type Code 8AVF User Defined, FHLB Boston Asset Verification User Field. User has to create a similar User field having Appropriate Code whose value is to be set in this parameter. The user field values can be as following: Y = Yes N = No Yes <BLANK> 8DTF User Defined, FHLB Boston Yes <BLANK> Documentation Type User Field. User has to create a similar User field having Appropriate Code whose value is to be set in this parameter. The user field values can be as following: C = No Emp/Inc Verification V = Verbal Verification X = 11 months or less Emp/Inc Verification Y = months Emp/Inc Verification Z = 24 months or more Emp/Inc Verification CASC Account statuses to include Yes ACT,NPFM 8MBQ 8APP Minimum balance required to qualify for the account Comma-delimited list of Appraisal Type Code of property. Yes 1000 No <BLANK> All appraisal types are considered if left blank. External Interface Variables: External Interface Category Code FHLB Boston Format 8FLB PS_FHLBBOS 5

6 External Interface Code Category Code FHLB Boston Format 8FLB 8FLB External Interface Variable FHLB Boston Property Type FHLB Boston ARM Index Code FHLB Boston Loan Purpose FHLB Boston Owner Occupied Code 8FLP 8FLA 8FLL 8FOC Description (how used) Translates DNA Property Type Codes to FHLB Boston Property Type Translates DNA Calculation Schedule Number to FHLB Boston ARM Index Code. If not defined then FHLB Boston ARM Index Code is set to 35 Translates DNA Purpose Codes to FHLB Boston Loan Purpose. If not defined then FHLB Boston Loan Purpose is set to P Translates DNA Owner Occupied Codes to FHLB Boston Owner Occupied. If not defined then FHLB Boston Owner Occupied is set to P FHLB Boston PMI 8FPM Translates DNA Insuring Organization Number to FHLB Boston PMI. If not defined then FHLB Boston PMI is set to 00, if DNA Insuring Organization Number is blank then 20 FHLB Boston Appraisal Type FHLB Boston Calculation Period 8FAP 8FCP Translates DNA Appraisal Type Codes to FHLB Boston Appraisal Type. If not defined then FHLB Boston Appraisal Type is set to 09 Translates DNA Calculation Period to FHLB Boston Calculation Period. External Interface Variable 8FCP - FHLB Boston Calculation Period (From Value) MNTH 001 QUAT 003 SEMA 006 ANNU 012 2YR 024 3YR 036 4YR 048 5YR 060 6YR 072 7YR 084 8YR 096 9YR YR 120 Default Value (To Value) To modify the value of external interface variables go to Services>System>System Tables>C-G>External Interface CrossReference PS_FHLBBOS 6

7 Institution Option: Code Description Description (how used) Data Type DOCK Docket Number This is needed to populate the FHLB Docket number. STR Borrower Credit Quality: Statistic Type Code Statistic Type Formula Borrower Credit Quality PD90 Past Due 90 Days >= 1 D PD60 Past Due 60 Days >= 2 D PD30 Past Due 30 Days >= 5 D PD60 Past Due 60 Days = 1 C PD30 Past Due 30 Days = 4 C PD30 Past Due 30 Days = 3 B PD30 Past Due 30 Days <= 2 A Scheduling and re-run information: The batch job is non-updating and can be re-run whenever required. PS_FHLBBOS 7

8 Report(s): File Layout(s): Output File Layout Comma Separated Field Format Description Docket Number Value of Institution Option Docket Number Mortgage Number Account Number Original Amount Original Balance Unpaid Principal Current Balance Owner Occupancy Status FHLB Boston Owner Occupied code mapped to DNA Owner Occupied Code Property Type FHLB Boston Property Type mapped to DNA Property Type Code Borrower Name Name of the Property Owner Date of Mortgage YYYYMMDD Contract Date Difference between date of mortgage (Contract Date) and maturity date cannot exceed 40 years Otherwise this account will not be included to the file. Maturity Date YYYYMMDD Maturity Date. Loan cannot be maturing in less than 3 months. Otherwise this account will not be included to the file. Street Address Property Street Address City Property City Property County PS_FHLBBOS 8

9 Field Format Description Property State Property State Property Zip Code Property Zip Code Book Property Plate Book Number Page Property Plate Book Page Next Payment Date YYYYMMDD Due Date Monthly Principal Monthly P&I payment due between $100 and $40000 and Interest Payment Original Interest Original Interest Rate. Rate 1. Blank if not an ARM loan. 2. Original interest rate must match current interest rate if loan type = Interest rate cannot be less than Defaults to current interest rate if blank and loan type = 10. Current Interest Rate Current Interest Rate. Cost of Funds Index FHLB Boston ARM Index Code mapped to DNA Calculation Interest Rate Adjustment Frequency First Interest Rate Adjustment Lifetime Maximum Rate Schedule Number FHLB Boston Calculation Period mapped to DNA Calculation Period Lifetime Maximum Rate. 1. Blank if not an ARM 2. Cannot be <1. 3. Defaults to 12 if blank (when rate type is variable) Teaser Coupon Negative Amortization Ind Margin Margin Fixed Annual Payment Current Interest rate + 2 Cap Periodic Rate Cap Current Interest rate + 2 on First Adjustment Date Negative Amortization Limit Periodic Rate Cap Subsequent to First Adjustment Date Loan Type 10 - If Rate Type Code is FIX 40 - If Rate Type Code is FIX and Payment Type code is VINT Documentation Type Loan Purpose Primary Mortgage Insurer 16 - If Rate Type Code is VAR 26 - If Rate Type Code is VAR and Payment Type code is VINT User Field Documentation Type FHLB Boston Loan Purpose mapped to DNA Purpose Code To Value From External Interface Variable 8FPM - FHLB Boston PMI PS_FHLBBOS 9

10 Field Format Description Asset Verification User Field Asset Verification First Payment Date YYYYMMDD First Payment Due Date Original LTV Ratio Original LTV Ratio Original Term Original Term Mortgage Insurance Mortgage Insurance Coverage Coverage Borrower Credit Loan Quality(Account Level) Quality Current FICO Score 999 Credit Score NextGen FICO Score Second Lien Combined Original LTV Ratio Combined Current Loan Balance Simultaneous Second Appraised Value Appraised Value. Appraisal value should be greater than 0. Appraisal Type FHLB Boston Appraisal Type mapped to DNA Appraisal Type Codes Automated Valuation Model Self Employed Y if Occupation Code is SELF Borrower Prepayment Penalty Indicator Prepayment Penalty Term Prepayment Penalty Type Original Term to 999 Original Term to Amortize Amortize Next Rate YYYYMMDD Next Rate Adjustment Date. If the Rate type is fixed, this field Adjustment Date will be blank. First Floor Periodic Floor Periodic Floor. If the Rate type is fixed, this field will be blank Lifetime Floor Minimum Interest Rate Payment Adjustment Frequency Pledged by an Pledged by an Approved Approved Subsidiary Subsidiary(AcctLoanFHLB.PledgedYN) Additional Requirements: Requires DNA 3.0 or Higher PS_FHLBBOS 10

11 Configuration Checklist: Item Parameters External Interface Variables Account User Fields(Need to be mapped to the product to assign account level values) Institution Option Test Environment Production Environment Installation: Note: If you obtained this application from the DNAappstore, please disregard the installation instructions below. If you did not obtain this application from the DNAappstore, please complete the installation instructions below. Copy PS_FHLBBOS.SQT to the Batch Process to the PS batch application directory; this is typically G:\OSI\BANK\BAT_EXE\PS (or the location specified in the PS Batch Report Directory BATP Institution Option). This application requires the running of the script PS_FHLBBOS.SQL (Setup Script): Copy this file to any directory accessible to the applicable SQL application (SQL Developer, PL/SQL Developer, etc.) You need to run the setup script to register the application. This application requires an Authorization Key. After the primary installation instructions have been completed, you must apply the supplied Authorization Key for this application. To enter the Authorization Key, go to Services >> System >> Institution >> Applications >> Application Manager. Revisions: Date App Change Version # 12/ Application Created PS_FHLBBOS 11