Full-file reporting means that the servicer must describe the exact status of each mortgage it is servicing as of the last business day of each month.
Full-file reporting means that the servicer must describe the exact status of each Mortgage Loan it is servicing as of the last business day of each month. The servicer may use a later cutoff date to allow time for payment corrections, returned checks and other adjustments to be processed. Statuses that must be reported include new origination, current, delinquent (30, 60, 90 days, etc.), foreclosed, and charged off.
Full-file reporting means that the servicer must describe the exact status of each mortgage loan it is servicing as of the last business day of each month. The Payment Rating code must be the code that properly identifies whether the account is current or past due within the activity period being reported prior to completion of the short sale or DIL transaction.