View 6b: Related Loan Page/Original Loan Closing Info (Part Two)

Original Loan Closing Info

  • Loan Amortization Type [ID 497]

    Select the classification or description of the loan generally based on the changeability of the rate or payment over time. Options include:

    • Adjustable Rate

    • Fixed

    • Rate Improvement Mortgage

  • Balloon Indicator [ID 499]

    Select if a final balloon payment is required under the terms of the loan repayment schedule to fully pay off the loan.

  • Line Priority Type [ID 507]

    Select the priority of the lien against the subject property. 'First' is the option that displays.

  • Original Note Amount [ID 509]

    Enter the amount to be repaid as disclosed on the Note.

  • Loan Maturity Period Count [ID 503]

    Enter the scheduled number of periods (as defined by Loan Maturity Period Type) after which a debt will mature.

  • Maturity Period Type (Must be “Month”) [ID 504]

    Select the unit of time used for defining the period over which the loan matures.

  • Scheduled First Payment Date [ID 506]

    Enter the date of the first scheduled mortgage payment to be made by the borrower under the terms of the mortgage.

  • Closing Date [ID 501]

    Enter the Closing Date for the Related Loan.

Original Loan Current Info

  • Scheduled UPB Amount [ID 516]

    Enter the current unpaid principal balance of the closed-end subordinate mortgage.

  • Current Date [ID 514]

    Enter the date for the Loan State Type. The date the data is retrieved from your delivery system.