Monthly Premiums
Menu |
Menu Option |
Description |
Pay Periodic (Monthly) Premium |
Update or View Payment |
Retrieves a list of lender's cases
that were billed for monthly mortgage insurance premium. Only a lender with a portfolio of 3,000 cases or less is provided with a list of billed cases. Cases
can be selected for payment and amounts can be updated. Only the total amount billed for each case if provided and a breakdown of the premium and late charges is not included. Cases that are not on the list of billed cases can be added to the list using Add Cases to Payment. For payments with 10,000 cases or less, a Microsoft® Excel® file can be downloaded containing
the details of the payment. A new list of billed cases is available
on or about the 17th day of each month.
Note: Update or View Payment only provides
a list of billed cases for a servicing lender with 3,000 or less
cases. A servicing lender with over 3,000 cases (high volume lender)
is not provided with a list online. Instead, the lender uses the
Billing report file to determine the cases to be paid and sends
a payment by transmitting a batch file to HUD, CPU to CPU. |
Add Cases to Payment |
Used to add
cases to the payment list provided by Update or View Payment (i.e.,
cases that were not included in the Billing report file). Examples
are a nonendorsed case for which amortization has begun or an endorsed
case that was transferred to the lender's portfolio after the bill
was created. A high volume lender can use Add Cases to Payment to
make online payments for billed and/or non-billed cases. A case
that is added and, according to HUD's records, is not in the lender's
portfolio, is transferred to the lender's portfolio when the payment
is settled by Pay.gov. |
Submit
Payment |
Used to submit payments for all cases specified through the Update
or View Payment and Add Cases to Payment functions. A HUD tracking
ID is provided for the payment and a receipt can be printed. For payments with 10,000 cases or less, a
Microsoft® Excel® spreadsheet file can be downloaded containing the
details of the payment. |
View Payment History |
Used to track
the status of an online payment or CPU to CPU batch file payment and view payment details. For a payment submitted with less than 100,000 cases, payment information can be downloaded to a
Microsoft® Excel® spreadsheet file. Also provided are details on all payments submitted for a case included in a payment. |
View
Batch File Transmissions |
Used to view a list of batch files sent
within the current billing period, CPU to CPU, for the payment of
periodic premium. It includes files that were rejected due to formatting
errors and the reason for the rejection. |
Create a Refund |
Used to create a refund request of paid monthly mortgage insurance premium. |
Refund Status |
Used to track the status of a refund request as it progresses through the refund process or cancel (reject) a refund request. |
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Monthly Premium Report Files |
Portfolio |
Provides a
detailed report on case(s) currently being serviced, including case
information such as monthly premium, bill type, and servicer transfer
date. |
Lender Notification |
Provides information on unexpected monthly
premium payments, e.g., a monthly premium payment that was:
• |
remitted
for another lender's case by you or remitted
on your case by another lender |
• |
a case
that was not billed, e.g., a nonendorsed case or one not requiring
monthly premium payments |
|
Case
Detail |
Case Detail is not provided in a file
format. Requests are processed immediately and viewed online between
the hours of 8 a.m. and 8 p.m. Eastern Time Monday through Friday,
excluding holidays. Information is provided online (via your browser)
from the FHA Connection and may be printed using your browser's
print command(s). Case Detail includes case status and monthly
mortgage insurance premium payment information for endorsed and
nonendorsed cases. |
Advance Notices
(available by the 10th day of each month) |
Pregenerated
file that provides information about monthly premium changes for
cases in the servicing lender's portfolio having an annual premium
anniversary due date the following month. The Advance Notices function
also includes cases endorsed the month before the report file was
created, cases that were transferred to the lender's portfolio the
month before the file was created, and cases that will no longer
be assessed a monthly premium (provided in a one-time report that
indicates 0.00 premium due). Use the View Schedule option on the
Monthly Premiums menu page to see when each file type was last processed
and will next be available. |
Billing (available
by the 17th day of each month) |
Pregenerated
file that provides the amounts of the monthly premium, late charges,
and interest charges for cases in the servicing lender's portfolio
that require monthly premium payments. Use the View Schedule option
on the Monthly Premiums menu page to see when each report file type
was last processed and will next be available. |
Reconciliation
(available by the 17th day of each month) |
Pregenerated
file that provides the discrepancies between what was billed in
the prior billing period and what was paid (or is still owed) as
of the current billing period. It also includes current period billing
information, e.g., any premium, late charges, and interest charges
assessed in the current billing period, as well as charges assessed
in the last billing period. Use the View Schedule option on the
Monthly Premiums menu page to see when each file type was last processed
and will be next available. |
Refund Transactions |
Pregenerated
file that provides information about case refunds that were created
or had a change in status during the current month. It is cumulative
and is updated weekly (available every Monday). The complete Refund
Transactions report file for the month is available on the second
day of the following month. Use the View Schedule option on the
Monthly Premiums menu page to see when each file type was last processed
and will next be available. |
Reallocation
Transactions |
Pregenerated
file that provides information about funds that were reallocated
to and/or from a servicing lender's cases. Funds from one case (source
case) may be redistributed to up to three cases (target cases) per
reallocation transaction. The Reallocation Transactions report file
is cumulative and is updated weekly (available every Monday). The
complete Reallocation Transactions report file for the month is
available on the second day of the following month. Use the View
Schedule option on the Monthly Premiums menu page to see when each
file type was last processed and will next be available. |
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