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Reporting Mortgage Loan Occupancy and Property Usage Types

Once the necessary servicing data is available, the investor runs an occupancy property usage type report that details occupancy and property usage type statistics by seller. Occupancy and property usage type reports vary depending on the reporting needs of the investor. The occupancy and property usage type report detailed in this article is intended to fulfill an investor requirement to report a seller's month end overall occupancy and property usage type percentages.

Creating the Report...
Seller's Active Servicing Occupancy and Property Usage Types
The Seller's Active Servicing Occupancy and Property Usage Types are the seller's total active servicing dollar amount by occupancy or property usage type divided by the seller's total active servicing. The following steps generate a report of the seller's active servicing occupancy type and reports each occupancy type as a percentage of active servicing.

Step #1
The seller's total active servicing is calculated.

The seller's total active servicing is equal to the sum of the principal amount of all loans in the investor's servicing portfolio, for the seller, where the loan's status is Active, Repurchase, Bankruptcy, Foreclosure, Prepayment or Early Payoff. Typically, the only loans excluded by an investor when calculating the active servicing for a seller are those that have been sold servicing released by the investor and paid in full loans that are not considered early payoffs.

Step #2
The seller's active servicing by occupancy type is calculated.

The seller's active servicing by occupancy type is equal to the sum of the principal amount of all loans in the investor's servicing portfolio, for the seller, by the investor's occupancy type where the loan's status is Active, Repurchase, Bankruptcy, Foreclosure, or Early Payoff. For examples of loan purpose types see the Mortgage Loan Occupancy and Property Usage Type Overview section of this article.

Step #3
The seller's active servicing occupancy type percentages are calculated.

In this step, the report retrieves the seller's active servicing dollar amount from Step #1 and the seller's active servicing by occupancy type from Step #2. The report compares the total servicing amount from Step #1 to the servicing amount by occupancy type from Step #2 and reports the results as a percentage.

Step #4
Repeat Steps #1 thru #3 to report the seller's Property Usage Type percentages.

A Seller Active Servicing Occupancy and Property UsageType report similar to the Sample Mortgage Loan Occupancy and Property Usage Type Report in the Sample Mortgage Loan Occupancy and Property Usage Type Report section of this article can be generated by the investor for distribution to the seller.


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