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Event 39, Insurance Letter (on expiration date)

Navigation:  Appendix A - Merge Field Descriptions (Loans) >

Event 39, Insurance Letter (on expiration date)

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This event will automatically generate letters on the expiration date for disbursement types 20-28 and 40-49. A separate letter is created for each reserve disbursement item. Note: This event cannot be manually requested.

 

Options:

There is not an option that controls when the letter is automatically generated; it will always generate on the expiration date.

 

Institution options RDEX and RDE2 are available to store the disbursement types for which the bank would like letters to be automatically generated. For example, if you only want letters for disbursement types 20-25 or 40-45.

 

Information used in the letters is pulled from Loans > Account Information > Escrow/Reserve > Escrow & Reserve Detail screen. This event must be requested through a work order.

 

Also see events 32, 51, and 52.

 

Merge Field

Field Mnemonic/ Calculation

Description

AMOUNT TO BE DISBURSED

RDAMNT

Amount that will be disbursed on the escrow/reserve

COMPANY ADDRESS 1

CAA401

Payee address line 1

COMPANY ADDRESS 2

CAA402

Payee address line 2

COMPANY ADDRESS 3

CAA403

Payee address line 3

COMPANY CITY STATE ZIP

CACT40, CASTAB, CAZIP5

Payee’s city, state, and ZIP

COMPANY CONTACT

CACCON

Contact name for the payee

COMPANY NAME

CACOMP

Payee’s name

FLOOD_INSURANCE_EXPIRATION_DATE

LOFEXD

Date the flood insurance expired.

FLOOD_INSURANCE_EXPIRATION_DATE_ALPHA


Date the flood insurance expired in alphanumeric format.

FLOOD_MAP

LOFMAP

This is the flood map number.

FLOOD_MAP_SUFFIX

LOFMAS

This is the suffix to the flood map.

FLOOD_MAP_DATE

LOFDAT

This is the date of the flood map.

FLOOD_MAP_DATE_ALPHA


This is date of the flood map written out.

FLOOD_ZONE

LOFZON

This is the flood zone.

FLOOD_PANEL

LOFPNL

This is the flood panel.

FLOOD_PANEL_DATE

LOFPDT

This is the flood panel date.

FLOOD_PANEL_DATE_ALPHA


This is the flood panel date written out.

FLOOD_CERTIFICATE

LOFCRT

This is the flood certificate.

FLOOD_DETERMINATION

LOFDTR

This is the flood determination.

COMPANY NUMBER

RDCONO

Number assigned to payee information

COMPANY PHONE NUMBER

CAPHNE

Payee’s phone number

DISBURSE EXPIRATION DATE

RDSEXP

Escrow/Reserve disbursement expiration date

INVESTOR ADDRESS 1

IMA11

Investor address 1

INVESTOR ADDRESS 2

IMA12

Investor address 2

INVESTOR ADDRESS 3

IMA13

Investor address 3

INVESTOR ADDRESS 4

IMA14

Investor address 4

INVESTOR ADDRESS 5

IMA15

Investor address 5

POLICY COVERAGE AMOUNT

RDPCVR

Amount of the policy or coverage on the property

POLICY NUMBER

RDPLCY

Insurance policy number

AMOUNT TO BE DISBURSED

RDAMNT

Amount that will be disbursed on the reserve

COMPANY ADDRESS 1

CAA401

Payee address line 1

COMPANY ADDRESS 2

CAA402

Payee address line 2

COMPANY ADDRESS 3

CAA403

Payee address line 3

COMPANY CITY STATE ZIP

CACT40, CASTAB, CAZIP5

Payee’s city, state, and ZIP

COMPANY CONTACT

CACCON

Contact for the payee

COMPANY NAME

CACOMP

Payee’s name

COMPANY NUMBER

RDCONO

Number assigned to payee information

COMPANY PHONE NUMBER

CAPHNE

Payee’s phone number

DISBURSE EXPIRATION DATE

RDSEXP

Escrow/Reserve disbursement expiration date

INVESTOR ADDRESS 1

IMA11

Investor address 1

INVESTOR ADDRESS 2

IMA12

Investor address 2

INVESTOR ADDRESS 3

IMA13

Investor address 3

INVESTOR ADDRESS 4

IMA14

Investor address 4

INVESTOR ADDRESS 5

IMA15

Investor address 5

POLICY COVERAGE AMOUNT

RDPCVR

Amount of the policy or coverage on the property

POLICY NUMBER

RDPLCY

Insurance policy number

 

 

See also:

Appendix A

Common Fields (All Events)

CIS Fields

Basic Loan Fields

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