PMI tab

The information on the PMI tab of the Account Delinquency screen is for use with delinquent accounts that have Private Mortgage Insurance attached to the loan. These fields are used specifically for the PMI/MILAR report (FPSRP100).

Field

Description

Removal Code

Mnemonic: PIWIRC

These codes indicate the loan status, loan status change or reason for removal from the report. The codes are as follows:

Code	Description
No code (space)	Performing Loan (Status) = less than 44 Days overdue
00	Delinquent Loan (Status) = more than 45 Days overdue (2 payments/billings overdue)
01	Reinstated - Loan brought current (Status change from Delinquent) = less than 44 Days overdue

Codes 02 through 99 should only be used when a loan is being removed from the MI Portfolio

Code	Description
02	Assumed - Date and Code when the loan was assumed.
03	Sold (or Servicing Transfer)
04	Paid in Full – NOT REO
05	Claim Paid, Date and Amount Received – This coincides with the 05 Claim Paid field on the Foreclosure & Repossession & Judgment Screen, which must also be marked with the date the claim was paid.
06	Charge off/Loan Uncollectable
99	MI Coverage Terminated

Workout Type

Mnemonic: PIWIWT

Select from one of the following values:

Type	Description
1	Standard Forbearance (Traditional or Standard Forbearance, including unemployment forbearance programs).
2	Trial Modification Forbearance (Trial Period Forbearance for HAMP or other Modification with a trial period).
3	Payment Plan
4	Loan Modification (Post Trial Period)
5	Pre-Foreclosure Sale
6	Deed-in-Lieu
7	Promise to Pay (Optional)

Workout Status

Mnemonic: PIWIWS

Select from one of the following values.

Status	Description
1	Under Review (The servicer has received a request for a workout and is evaluating the request.)
2	Approved (The servicer has approved a request for a workout; the workout has not yet been executed.
3	Closed (All documents have been signed, executed and/or recorded, and all requirements have been fulfilled.)
4	Denied (The servicer has denied a request for a workout.)
5	Failed (The borrower has failed to comply with the terms of a previously closed retention workout.)
6	Cancelled (The servicer and/or borrower have cancelled the request for a workout.)

Workout Status Date

Mnemonic: PIWISD

This is the date of most recent change in Workout Status. It may not be a future date

Workout Program Name

Mnemonic: PIWIPN

These numeric program codes apply to all servicers. For custom program codes, please contact the applicable mortgage insurance company.

Note: The program names listed in this drop-list are set up for you by FPS GOLD in the IMAC tables. If a workout name is not listed in this drop-list table, contact you FPS GOLD client service representative for any additions you want added.