Mortgage Computer - (801) 621-3900

Loan Servicing
Operating Schedule Guide

WHAT TO DO Daily
1. Post Payments	(03.02)
a. Apply Payments Manually b. Sweep Teller Payments c. DDA, Payroll, ACH	(03.02) (12.05) (12.08), (03.04.02), and (03.04.04)
2. Run Proof Sheet	(03.06)
3. Update Transactions	(03.07)
4. Approve to Pay Escrows	(03.12.06)
a. As bills for disbursement are received
5. Interim Remittance	(03.09)
a. If set up to report, investor will be in the queue

WHAT TO DO 1st Working Day of the Month
1. Run Delinquency Update	(03.13.02.08)
2. Change Investor/Account Number (if any)	(03.24.01)
3. Cutoffs	(03.17.09)
4. Specialized Cutoff Reports	(03.17.10)
5. Interest Accrual Due	(03.17.12.03)
6. Interest Accrual Payable	(03.17.12.06)
a. Close Tran Group b. Update Tran Group	(03.06) (03.07)
7. FASB 91	(03.17.12.04)
a. Close Tran Group b. Update Tran Group c. Detail	(03.06) (03.07) (03.17.12.05)
8. Paid in Full Report	(03.19.11)
a. Escrow History b. Remove Loans	(03.12.21) (03.24.02) or (03.24.03)
9. Credit Bureau	(03.17.11)
10. Trial Balance	(03.17.06)
11. Ticklers	(03.12.03)
12. Monthly Interface Summary	(03.17.12.01)
13. Modify Audit	(03.23.12)
14. Management Reports-Exceptions	(03.21.01)
15. Delinquency Report	(03.21.02)

WHAT TO DO Monthly

1. Pay escrows that qualify on Thursday

(03.12.09) and (03.12.10)

2. 1st Late Notice

(03.13.06)

3. 2nd Late Notice

(03.13.07)

a. Update Transaction Group

(03.06) and (03.07)

4. PMI Cancellations/Terminations

a.	Tickler Reports (optional).	(03.12.05.01 - 07)
b.	For 80% Cancellation Requests honored, enter date and code in Field E-08 and remove constant (E-04).	(03.12.02)
c.	For those denied, send Grounds Not Cancel notice.	(03.12.05.10)
d.	Add or delete 77%, 78%, and midpoint exceptions from queues.	(03.12.05.09 - 11)
e.	Print all letters.	(03.12.05.08 - 11)
f.	Print PMI Termination Report	(03.12.05.14)
g.	Refund PMI balance.	(03.12.06.<E>)
i.	Delete PMI Record.	(03.12.02.<D>)

5. ARM Notices

(09.09)
(03.17.15.03.01)
(03.17.15.03.02)

6. Coupons/Debit Memos

(03.17.01) and (03.17.05)

7. FASB-107

(03.17.12.09)

WHAT TO DO Yearly

1. Escrow Exceptions

(03.12.18)

2. Verify Social Security Number

(03.17.17)

3. Escrow Analysis

(03.12.12)

(03.12.12.07) and (03.17.24)

4. Order Supplies

In August

5. Disclosure-FHA only

(03.17.19)

WHAT TO DO AT Year End (more detail in Year End Guide)
Year End Save Year End Statements 1098 to IRS 1099 to IRS Microfiche/Optical Storage	(03.17.20) (03.17.21) (03.17.22) (03.17.23) Year End Guide

Updated February 17, 2005 at 9:35 a.m.