This course details the investor reporting requirements for Freddie Mac, Fannie Mae, Ginnie Mae, and private investors. The course identifies the role of the investor reporting specialist in the mortgage lending process. You will learn about the various communication methods used to report loan information to investors, what information is reported, and how often. Each type of investor has unique requirements dictated by public law and/or servicing agreements. Furthermore, the course outlines how funds are submitted to investors and how accounts are reconciled on a regular basis to identify and correct discrepancies.

Course Outline:

Lesson 1 - Freddie Mac Reporting Requirements

• Communication
• Reporting Frequency
• Reporting - How to Calculate Interest
• Reporting Guidelines and Requirements
• Remitting
• Remitting Options and Schedules
• Reconciliation
• Reconciliation Reports from Freddie Mac
• Reconciliation of Other Freddie Mac Reports
• Servicing Transfer

Lesson 2 - Fannie Mae Reporting Requirements

• Communication
• Reporting
• Reporting - Loan Activity Record (LAR)
• Reporting - Special Requirements
• Remitting
• Remitting - Calculations
• Reconciliation
• Reconciliation of Custodial Accounts
• Servicing Transfers

Lesson 3 - Ginnie Mae Reporting Requirements

• Communication
• Reporting Schedule of Pooled Mortgages
• Reporting Frequency and Requirements
• Reporting of Other Requirements
• Remitting
• Reconciliation
• Reconciliation of Custodial Accounts
• Servicing Transfers

Lesson 4 - Private Investor Reporting Requirements

• Private Investor Reporting and Remitting Guidelines
• General Remitting and Reconciliation Guidelines
• Actual/Actual
• Scheduled/Actual
• Scheduled/Scheduled
• Scheduled/Scheduled Payoffs

Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA's Mortgage Servicer, Financial Controls and Investor Administration Professional Certificate (CMS Level II).