Date on the Deed of Sale Is Earlier Than the Date of Power of Attorney

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Date on the Deed of Sale Is Earlier Than the Date of Power of Attorney Powered By Docstoc
					                                                         U.S. Department of Veterans Affairs (VA)
                                                     VA Loan Electronic Reporting Interface (VALERI)
                                                             Servicer Reporting Requirements
                                                                     Event Definitions
                                                                                 Method of
Event
            Event Name                       Event Definition                  Submission to           Event Frequency              Event Applicability
  ID
                                                                                    VA
                               Servicer reports header information to
                               uniquely identify each loan and the event
  0     Header information     update.                                        Depends on event As per the event being reported   Reported with every event
                                                                                               Monthly (within seven calendar
        Monthly loan status    Servicer reports the monthly loan status       Servicing system days of the month for which the
  1     update                 update on all loans in its portfolio.              or portal    information applies)              Currant loans
                               When the loan obligation has been fully                         Monthly (within seven calendar
                               satisfied by receipt of funds and not a        Servicing system days of the month for which the   Currant and delinquent
  2     Loan paid in full      servicing transfer.                                or portal    information applies)              loans
                                                                                               Monthly (within seven calendar
        Transfer of                                                           Servicing system days of the month for which the   Currant and delinquent
  3     ownership              When the title holder of the property changes.     or portal    information applies)              loans
                                                                                               Monthly (within seven calendar
                               When an obligor has been released from         Servicing system days of the month for which the   Currant and delinquent
  4     Release of liability   liability.                                         or portal    information applies)              loans
                               When the holder has released the lien on a                      Monthly (within seven calendar
        Partial release of     part of the security for the loan pursuant to                   days of the month for which the   Currant and delinquent
  7     security               36.4324.                                          Portal only   information applies)              loans
        Servicing transfer                                                                     Monthly (within seven calendar
        (transferring                                                         Servicing system days of the month for which the
  9     servicer)              When a holder transfers the loan.                  or portal    information applies)              Delinquent loans
                                                                                               Monthly (within seven calendar
        Servicing transfer                                                    Servicing system days of the month for which the
 10     (receiving servicer)   When a holder boards the loan.                     or portal    information applies)              Delinquent loans
                                                                                               On event (within seven calendar
        Electronic default     When the loan becomes at least 61 days         Servicing system days of the date the event
 11     notification           delinquent.                                        or portal    occurred)                         Delinquent loans
                               When the holder notifies VA of any updates                      Monthly (within seven calendar
                               to the delinquency information on loans for    Servicing system days of the month for which the
 12     Delinquency status     which an EDN has been submitted                    or portal    information applies)              Delinquent loans
                               When there is a change to the contact                           Monthly (within seven calendar
        Contact information    information for current owners or a property   Servicing system days of the month for which the
 13     change                 or mailing address change.                         or portal    information applies)              Delinquent loans
                                                                                               Monthly (within seven calendar
        Occupancy status       When there is a change in property             Servicing system days of the month for which the
 14     change                 occupancy status                                   or portal    information applies)              Delinquent loans



  Prepared 07-27-2008                                                      Page 1 of 37           THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                        U.S. Department of Veterans Affairs (VA)
                                                    VA Loan Electronic Reporting Interface (VALERI)
                                                            Servicer Reporting Requirements
                                                                    Event Definitions
                                                                                Method of
Event
           Event Name                      Event Definition                   Submission to         Event Frequency              Event Applicability
  ID
                                                                                   VA
                                                                                            On event (within seven calendar
                              When any owner files a petition under the    Servicing system days of the date the event
 15     Bankruptcy filed      Bankruptcy Code                                  or portal    occurred)                         Delinquent loans
                                                                                            On event (within seven calendar
                              When a significant event related to the      Servicing system days of the date the event
 16     Bankruptcy update     bankruptcy has occurred                          or portal    occurred)                         Delinquent loans
                              When the holder sends the loss mitigation                     Monthly (within seven calendar
        Loss mitigation       letter to the borrower as required by        Servicing system days of the month for which the
 17     letter sent           36.4346(g)(1)(iv)                                or portal    information applies)              Delinquent loans
                                                                                            Monthly (within seven calendar
        Partial payment       When the holder returns a partial payment to                  days of the month for which the
 18     returned              the borrower                                    Portal only   information applies)              Delinquent loans
                                                                                            Monthly (within seven calendar
        Default cured/loan    When a previously reported default (i.e. an  Servicing system days of the month for which the
 19     reinstated            EDN was filed) has cured/loan reinstated         or portal    information applies)              Delinquent loans
                                                                                            Monthly (within seven calendar
        Default reported to   When the holder notifies the credit bureaus  Servicing system days of the month for which the
 21     credit bureau         of a defaulted loan or a loan termination        or portal    information applies)              Delinquent loans
                                                                                            Monthly (within seven calendar
        Repayment plan                                                     Servicing system days of the month for which the
 23     approved              When the holder approves a repayment plan        or portal    information applies)              Delinquent loans
                                                                                            Monthly (within seven calendar
        Special forbearance   When the holder approves a special           Servicing system days of the month for which the
 25     approved              forbearance agreement.                           or portal    information applies)              Delinquent loans
                                                                                            Monthly (within seven calendar
        Loan modification                                                  Servicing system days of the month for which the
 27     approved              When the holder approves a loan modification     or portal    information applies)              Delinquent loans
                              When both the holder and the owner(s) have
                              executed the modification agreement. Note                     Monthly (within seven calendar
        Loan modification     that the loan does not have to be reinstated Servicing system days of the month for which the
 28     complete              to report this event.                            or portal    information applies)              Delinquent loans
                                                                                            Monthly (within seven calendar
        Compromise sale                                                    Servicing system days of the month for which the
 31     complete              When a compromise sale closes.                   or portal    information applies)              Delinquent loans
                                                                                            Monthly (within seven calendar
        Deed-in-lieu          When the holder records the deed-in-lieu of  Servicing system days of the month for which the
 34     complete              foreclosure or submits for recordation.          or portal    information applies)              Delinquent loans


  Prepared 07-27-2008                                                     Page 2 of 37          THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                          U.S. Department of Veterans Affairs (VA)
                                                      VA Loan Electronic Reporting Interface (VALERI)
                                                              Servicer Reporting Requirements
                                                                      Event Definitions
                                                                                  Method of
Event
           Event Name                        Event Definition                   Submission to             Event Frequency                Event Applicability
  ID
                                                                                     VA
                                                                                                 On event (within seven calendar
                               When the loan is referred to legal counsel for   Servicing system days of the date the event
 36     Foreclosure referral   foreclosure                                          or portal    occurred)                            Delinquent loans
                                                                                                 On event (within seven calendar
        Foreclosure sale                                                        Servicing system days of the date the event
 37     scheduled            When the foreclosure sale is scheduled                 or portal    occurred)                            Delinquent loans
                             When the foreclosure sale is complete, the                          On event (within seven calendar
                             holder reports the results of the foreclosure      Servicing system days of the date the event
 40     Results of sale      sale                                                   or portal    occurred)                            Delinquent loans
        Transfer of          When the holder notifies VA of the                                  Not more than 15 calendar
 41     custody              holder's intent to convey the property               Portal only    days from loan termination           Delinquent loans
                             When the holder discovers that the                                  On event (within seven calendar
        Improper transfer of conveyance of the property to VA was                                days of the date the event
 42     custody              improper                                              Portal only   occurred)                            Delinquent loans
                                                                                                 On event (within seven calendar
                                                                                                 days of the date the event
 43     Invalid sale results   When the foreclosure sale is invalid                Portal only   occurred)                            Delinquent loans
        Confirmed sale date    When loan is terminated, the property is not                      Monthly (within seven calendar
        with no transfer of    conveyed, and the property is located in a       Servicing system days of the month for which the
 45     custody                confirmation/ratification of sale state              or portal    information applies)                 Delinquent loans
                                                                                                 Within 365 calendar days of loan
                                                                                                 termination for non-refund claims;
                                                                                                 within 60 calendar days of the
        Basic claim                                                                              refund approval date for a refund
 46     information            When the holder files a claim under guaranty        Portal only   claim                                Delinquent loans
        Refunding              When VA refunds a loan and the holder                             Within 60 calendar days of the
 47     settlement             reports the tax and insurance information           Portal only   refund approval date                 Delinquent loans




  Prepared 07-27-2008                                                      Page 3 of 37              THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                  U.S. Department of Veterans Affairs (VA)
                                              VA Loan Electronic Reporting Interface (VALERI)
                                                      Servicer Reporting Requirements
                                                            Non-Claim Elements
Row Data     Event
                           Event Name         Elt. #      Data Elements                Business Definition of Data Element                  Data Type*
 # Elt. ID     #
                                                                              12 position unique identifier for each loan guaranteed by
                                                                              VA. The VA Loan Number consists of a two-position
                                                                              numeric code for the regional office which has
                                                                              jurisdiction over the loan (OJ), a two-position numeric
                                                                              code for the regional office which originated the loan
                                                                              (OO), a one-position code for the type of loan (T), and a
                                                                              seven position serial number or loan number
                                                                              (NNNNNNN). The format is OJOOTNNNNNNN. VALERI
                                                                              uses the twelve digit VA loan number as the primary
 1   0.1       0      Header information        1      VA loan number         means of identifying loan data.                           Alphanumeric
 2   0.2       0      Header information        2      Date of the loan       Month, day, & year that the loan originated               Date

                                                                             Total amount of principal owed on the mortgage at loan
 3   0.3       0      Header information        3      Original loan amount  origination before any payments are made on the loan          Numeric
                                                       Property state        The state abbreviation of the expanded property
 4   0.4       0      Header information        4      abbreviation          address.                                                      String
                                                                             Unique VA-issued number for the servicer location that
                                                                             is responsible for billing, collecting and disbursing
                                                                             payments, and filing reports on the VA loan. VALERI
                                                       Current servicer      also uses this as secondary loan identification data, as
 5   0.5       0      Header information        5      identification number needed, to identify records                                   Alphanumeric
                                                                             Unique servicer-issued number given to the VA loan for
                                                                             record keeping on the servicer system. VALERI also uses
                                                                             this as secondary loan identification data, as needed, to
 6   0.6       0      Header information        6      Servicer loan number identify records                                               Alphanumeric
                                                                             Unique event identification number for event the
 7   0.7       0      Header information        7      Unique event ID       servicer is reporting                                         Numeric
                      Monthly loan status              Unpaid principal      Present portion of the loan not yet repaid, exclusive of
 8   1.1       1      update                    1      balance               interest or other charges                                     Numeric
                                                       Payment due date      Month, day, & year of the earliest payment not fully
                      Monthly loan status              (a.k.a. date of first satisfied by the proper application of available credits or
 9   1.2       1      update                    2      uncured default)      deposits                                                      Date
                                                       Date loan was paid in Month, day, and year of full satisfaction of a guaranteed
 10 2.1        2      Loan paid in full         1      full                  loan                                                          Date
                                                       Date of transfer of   Month, day, & year that loan is assumed by another
 11 3.1        3      Transfer of ownership     1      ownership             party (date of settlement)                                    Date



Prepared 06-06-2007                                                 Page 4 of 37               THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                  U.S. Department of Veterans Affairs (VA)
                                              VA Loan Electronic Reporting Interface (VALERI)
                                                      Servicer Reporting Requirements
                                                            Non-Claim Elements
Row Data     Event
                          Event Name          Elt. #      Data Elements                Business Definition of Data Element                    Data Type*
 # Elt. ID     #
                                                       Last name of
                                                       transferee, if          Last name of individual assuming the loan; reported if
 12 3.2        3      Transfer of ownership     2      applicable              an individual is assuming the loan and not an entity          String
                                                       First name of
                                                       transferee, if          First name of individual assuming the loan; reported if
 13 3.3        3      Transfer of ownership     3      applicable              an individual is assuming the loan and not an entity          String
                                                       Middle initial of
                                                       transferee, if          Middle initial of individual assuming the loan; reported if
 14 3.4        3      Transfer of ownership     4      applicable              an individual is assuming the loan and not an entity          String
                                                       Surname of
                                                       transferee, if          Surname of individual assuming loan; reported if an
 15 3.5        3      Transfer of ownership     5      applicable              individual is assuming the loan and not an entity             String
                                                       Social security
                                                       number of               Social security number of individual assuming loan;
                                                       transferee, if          reported if an individual is assuming the loan and not an
 16 3.6        3      Transfer of ownership     6      applicable              entity                                                    Alphanumeric
                                                       Name of entity
                                                       assuming loan, if       Name of entity assuming loan, if applicable; reported is
 17 3.7        3      Transfer of ownership     7      applicable              an entity is assuming the loan and not an individual          String
                                                       Taxpayer                Taxpayer identification number of entity assuming the
                                                       identification          loan; reported is an entity is assuming the loan and not
 18 3.8        3      Transfer of ownership     8      number, if applicable   an individual                                                 Alphanumeric
                                                       Last name of co-
                                                       transferee, if          Last name of second individual assuming the loan;
 19 3.9        3      Transfer of ownership     9      applicable              reported if there is a co-transferee                          String
                                                       First name of co-
                                                       transferee, if          First name of second individual assuming the loan;
 20 3.10       3      Transfer of ownership    10      applicable              reported if there is a co-transferee                          String
                                                       Middle initial of co-
                                                       transferee, if          Middle initial of second individual assuming the loan;
 21 3.11       3      Transfer of ownership    11      applicable              reported if there is a co-transferee                          String
                                                       Surname of co-
                                                       transferee, if          Surname of second individual assuming loan; reported if
 22 3.12       3      Transfer of ownership    12      applicable              there is a co-transferee                                String
                                                       Social security
                                                       number of co-
                                                       transferee, if          Social security number of second individual assuming
 23 3.13       3      Transfer of ownership    13      applicable              loan; reported if there is a co-transferee                    Alphanumeric


Prepared 06-06-2007                                                 Page 5 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                    U.S. Department of Veterans Affairs (VA)
                                                VA Loan Electronic Reporting Interface (VALERI)
                                                        Servicer Reporting Requirements
                                                              Non-Claim Elements
Row Data     Event
                           Event Name           Elt. #      Data Elements                Business Definition of Data Element                  Data Type*
 # Elt. ID     #
                                                                                 Month, day, & year on which the former obligor is no
 24 4.1        4      Release of liability        1      Date of release         longer responsible for the loan                             Date

                                                         Date partial release
                      Partial release of                 of security document   Month, day, & year that the security document releasing
 29 7.1        7      security                    1      was executed           a portion of the secured property is executed                Date
                                                                                Month, day, & year that a servicer transfers
                      Servicing transfer                                        responsibility for servicing a guaranteed loan to another
 54 9.1        9      (transferring servicer)     1      Servicing release date servicer                                                     Date
                      Servicing transfer                                        Name of servicer receiving responsibility for servicing a
 55 9.2        9      (transferring servicer)     2      Name of new servicer guaranteed loan                                                String
                      Servicing transfer                                        Month, day, and year on which a servicer became
 56 10.1       10     (receiving servicer)        1      Date loan acquired     responsible for servicing a guaranteed loan                  Date
                      Servicing transfer                 Previous servicer loan Loan number associated with the loan on the previous
 57 10.2       10     (receiving servicer)        2      number                 servicer's system                                            Alphanumeric

                      Electronic default                 Date of first payment Month, day, and year of the first scheduled payment on
 58 11.1       11     notification                1      on the original loan  the loan (per the loan instruments)                           Date
                                                                               Month, day, & year of the earliest payment not fully
                      Electronic default                                       satisfied by the proper application of available credits or
 59 11.2       11     notification                2      Payment due date      deposits                                                      Dup
                      Electronic default                 Property address line Location of the security for the loan, including street,
 60 11.3       11     notification                3      1                     city, state, and zip code                                     String
                      Electronic default                 Property address line
 61 11.4       11     notification                4      2                     The second line of the expanded property address              String
                      Electronic default                 Property address unit
 62 11.6       11     notification                6      number                The unit number of the expanded property address              String
                      Electronic default
 63 11.7       11     notification                7      Property address city   The city name of the expanded property address              String
                      Electronic default                 Property address zip    A group of fields containing the zip code +4 of the
 64 11.8       11     notification                8      code                    expanded property address.                                  Numeric
                      Electronic default                 Property address
 65 11.5       11     notification                5      suffix                  The zip code suffix of the expanded property address        Numeric
                      Electronic default                 Property address        The state abbreviation of the expanded property
 66 11.9       11     notification                9      state abbreviation      address.                                                    String

                      Electronic default                 Last name of current    Surname of the individual who currently owns the
 67 11.10      11     notification               10      owner, if applicable    property; if owner is an individual and not an entity       String


Prepared 06-06-2007                                                   Page 6 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                               U.S. Department of Veterans Affairs (VA)
                                           VA Loan Electronic Reporting Interface (VALERI)
                                                   Servicer Reporting Requirements
                                                         Non-Claim Elements
Row Data     Event
                           Event Name      Elt. #      Data Elements                  Business Definition of Data Element                   Data Type*
 # Elt. ID     #

                      Electronic default            First name of current    First name of the individual who currently owns the
 68 11.11      11     notification          11      owner, if applicable     property                                                      String
                                                    Middle initial of        First letter of the middle name, if any, of the individual
                      Electronic default            current owner, if        who currently owns the property; if owner is an
 69 11.12      11     notification          12      applicable               individual and not an entity                                  String
                                                                             Suffix (Jr., Sr., III, etc.), if any, of the individual who
                      Electronic default            Suffix of current        currently owns the property; if owner is an individual
 70 11.13      11     notification          13      owner, if applicable     and not an entity                                             String

                                                    Social security
                                                    number of current        Unique SSA-issued number assigned to the individual
                      Electronic default            owner; if current        who currently owns the property; if owner is an
 71 11.14      11     notification          14      owner is an individual   individual and not an entity                                  Alphanumeric
                                                    Last name of current
                      Electronic default            co-owner, if             Surname of the individual who currently co-owns the
 72 11.15      11     notification          15      applicable               property, if applicable                                       String
                                                    First name of current
                      Electronic default            co-owner, if             First name of the individual who currently co-owns the
 73 11.16      11     notification          16      applicable               property, if applicable                                       String
                                                    Middle initial of
                      Electronic default            current co-owner, if     First letter of the middle name, if any, of the individual
 74 11.17      11     notification          17      applicable               who currently co-owns the property, if applicable             String
                      Electronic default            Suffix of current co-    Suffix (Jr., Sr., III, etc.), if any, of the individual who
 75 11.18      11     notification          18      owner, if applicable     currently co-owns the property, if applicable                 String

                                                    Social security
                      Electronic default            number of current co-    Unique SSA-issued number assigned to the individual
 76 11.19      11     notification          19      owner; if applicable     who currently co-owns the property, if applicable             Alphanumeric
                                                    Name of entity that is
                      Electronic default            current owner, if        Name of entity that currently owns the property, if
 77 11.20      11     notification          20      applicable               owner is an entity and not an individual                      String
                                                    Taxpayer
                                                    identification           Unique IRS-issued number assigned to the entity who
                      Electronic default            number, if current       currently owns the property, if owner is an entity and
 78 11.21      11     notification          21      owner is an entity       not an individual                                             Alphanumeric
                                                    Mailing address line 1
                      Electronic default            (if different from
 79 11.22      11     notification          22      property address)        First line of the mailing address of current owners           String

Prepared 06-06-2007                                              Page 7 of 37                  THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                               U.S. Department of Veterans Affairs (VA)
                                           VA Loan Electronic Reporting Interface (VALERI)
                                                   Servicer Reporting Requirements
                                                         Non-Claim Elements
Row Data     Event
                           Event Name      Elt. #      Data Elements                 Business Definition of Data Element              Data Type*
 # Elt. ID     #
                                                    Mailing address line 2
                      Electronic default            (if different from
 80 11.23      11     notification          23      property address)      Second line of the mailing address of current owners      String

                                                    Mailing address suffix
                      Electronic default            (if different from
 81 11.24      11     notification          24      property address)        The zip code suffix of the mailing address              Numeric
                                                    Mailing address unit
                                                    number (if different
                      Electronic default            from property
 82 11.25      11     notification          25      address)                 The unit number of the expanded mailing address         String
                                                    Mailing address city
                      Electronic default            (if different from
 83 11.26      11     notification          26      property address)        The city name of the expanded mailing address           String
                                                    Mailing address zip
                                                    code (if different
                      Electronic default            from property            A group of fields containing the zip code +4 of the
 84 11.27      11     notification          27      address)                 expanded mailing address.                               Numeric
                                                    Mailing address state
                                                    abbreviation (if
                      Electronic default            different from
 85 11.28      11     notification          28      property address)        The state abbreviation of the expanded mailing address. String
                      Electronic default                                     Rate of interest charged on the loan, expressed as a
 86 11.29      11     notification          29      Interest rate on loan    percentage, per the loan instruments                     Numeric
                      Electronic default            Unpaid principal         Present portion of the loan not yet repaid, exclusive of
 87 11.30      11     notification          30      balance                  interest or other charges                                Dup

                                                    Principal and interest
                      Electronic default            (P&I) portion of         Amount of principal & interest due monthly under the
 88 11.31      11     notification          31      monthly installment      terms of the loan agreement                             Numeric

                                                    Taxes and insurance      Amount of the tax & insurance deposit due monthly
                      Electronic default            (T&I) portion of         under the terms of the loan agreement and determined
 89 11.32      11     notification          32      monthly installment      by the servicer IAW RESPA                               Numeric
                                                                             Amount due monthly that does not pertain to principal
                                                                             and interest, taxes & insurance, or late charges due
                      Electronic default            Other portion of         under the terms of the obligation as of notice date
 90 11.33      11     notification          33      monthly installment      (example is HOA fees)                                   Numeric


Prepared 06-06-2007                                              Page 8 of 37                 THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                               U.S. Department of Veterans Affairs (VA)
                                           VA Loan Electronic Reporting Interface (VALERI)
                                                   Servicer Reporting Requirements
                                                         Non-Claim Elements
Row Data      Event
                           Event Name      Elt. #     Data Elements                  Business Definition of Data Element             Data Type*
 # Elt. ID      #
                                                                          Amount due as a result of penalties imposed by the
                                                                          servicer that a borrower must pay when a payment is
                      Electronic default                                  missed or made after the due date under the terms of
 91 11.34      11     notification          34      Late charges due      the obligation as of notice date                          Numeric

                      Electronic default                                 Status of who currently resides in the property securing
 92 11.35      11     notification          35      Occupant of property the loan obligation, or reason why no one resides there    List
                      Electronic default                                 Individual who signed the loan documents and
 93 11.35.1    11     notification          35.1        Original veteran originated the loan                                        List Value
                      Electronic default                                 Individual who rents or leases the property securing the
 94 11.35.2    11     notification          35.2        Tenant           loan obligation                                            List Value
                      Electronic default                                 Individual who purchased the property and may have
 95 11.35.3    11     notification          35.3        Transferee       assumed the loan                                           List Value
                      Electronic default                                 Property is not occupied by anyone but appears to be
 96 11.35.4    11     notification          35.4        Vacant           maintained & is secure                                     List Value
                                                                         Property is vacant, is not being maintained, is not
                      Electronic default                                 offered for sale or rent, and there has been no contact
 97 11.35.5    11     notification          35.5        Abandoned        with the current owner                                     List Value
                      Electronic default            First phone number
 98 11.36      11     notification          36      (obligor 1)          First phone number (obligor 1)                             Numeric
                                                    Phone number type
                      Electronic default            for first phone
 99 11.37      11     notification          37      number (obligor 1)   Phone number type for first phone number (obligor 1)       List
                      Electronic default
100 11.37.1    11     notification          37.1       Home                   Home                                                  List Value
                      Electronic default
101 11.37.2    11     notification          37.2       Work                   Work                                                  List Value
                      Electronic default
102 11.37.3    11     notification          37.3        Cell                  Cell                                                  List Value
                      Electronic default            Second phone
103 11.38      11     notification          38      number (obligor 1)    Second phone number (obligor 1)                           Numeric
                                                    Phone number type
                      Electronic default            for second phone
104 11.39      11     notification          39      number (obligor 1)    Phone number type for second phone number (obligor 1) List
                      Electronic default
105 11.39.1    11     notification          39.1       Home                   Home                                                  List Value
                      Electronic default
106 11.39.2    11     notification          39.2       Work                   Work                                                  List Value


Prepared 06-06-2007                                             Page 9 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                               U.S. Department of Veterans Affairs (VA)
                                           VA Loan Electronic Reporting Interface (VALERI)
                                                   Servicer Reporting Requirements
                                                         Non-Claim Elements
Row Data      Event
                           Event Name      Elt. #     Data Elements                  Business Definition of Data Element              Data Type*
 # Elt. ID      #
                      Electronic default
107 11.39.3    11     notification          39.3        Cell                  Cell                                                   List Value
                      Electronic default            Phone number
108 11.40      11     notification          40      (obligor 2)           Phone number (obligor 2)                                   Numeric
                      Electronic default            Phone number type
109 11.41      11     notification          41      (obligor 2)           Phone number type (obligor 2)                              List
                      Electronic default
110 11.41.1    11     notification          41.1       Home                   Home                                                   List Value
                      Electronic default
111 11.41.2    11     notification          41.2       Work                   Work                                                   List Value
                      Electronic default
112 11.41.3    11     notification          41.3     Cell                  Cell                                                      List Value
                                                 Phone number 1
                      Electronic default         (other authorized
113 11.42      11     notification           42 party)                 Phone number 1 (other authorized party)                       Numeric
                                                 Primary reason for
                      Electronic default         default (servicer may Reason obligor is unable to or did not remit monthly
114 11.43      11     notification           43 report only one)       payments                                                      List
                                                                       Reason for default is the occupation, work, or trade in
                      Electronic default                               which obligor is engaged could not meet its financial
115 11.43.1    11     notification          43.1     Business failure  obligations                                                   List Value
                                                                       Reason for default is the damage to the property as a
                      Electronic default                               result of a fire, storm, accident, flood, earthquake, or
116 11.43.2    11     notification          43.2     Casualty loss     other catastrophic event                                      List Value
                                                                       Reason for default is a reduction or the curtailment of
                      Electronic default             Curtailment of    obligor's income from employment, investment, or other
117 11.43.3    11     notification          43.3     income            sources                                                       List Value
                      Electronic default
118 11.43.4    11     notification          43.4       Death of borrower Reason for default is that the obligor died                 List Value
                                                                         Reason for default is the death of obligor's relative who
                                                       Death of          is contributing towards the loan (directly or indirectly)
                      Electronic default               borrower's family and/or that obligor has incurred extraordinary expenses
119 11.43.5    11     notification          43.5       member            as a result                                                 List Value
                                                       Distant
                      Electronic default               employment        Reason for default is the result of the borrower being
120 11.43.6    11     notification          43.6       transfer          transferred or relocated to a distant job location.         List Value




Prepared 06-06-2007                                            Page 10 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                U.S. Department of Veterans Affairs (VA)
                                            VA Loan Electronic Reporting Interface (VALERI)
                                                    Servicer Reporting Requirements
                                                          Non-Claim Elements
Row Data       Event
                            Event Name      Elt. #   Data Elements                Business Definition of Data Element                     Data Type*
 # Elt. ID       #
                                                                      reason for default is the result of the borrower incurring
                                                                      excessive energy related costs or costs associated with
                       Electronic default            Energy/environme removal of an environmental hazard in or near the
121 11.43.7     11     notification          43.7    ntal cost        property.                                                          List Value
                                                                      Reason for default is obligor(s) incurred excessive debt
                       Electronic default            Excessive        in addition to the mortgage obligation or the mortgage
122 11.43.8     11     notification          43.8    obligations      payment has increased significantly                                List Value

                                                                          Reason for default is a legal dispute arising out of a
                       Electronic default                                 fraudulent or illegal action that occurred in connection
123 11.43.9     11     notification          43.9    Fraud                with the origination of the mortgage or at a later date.       List Value
                                                                          Reason for default is a serious illness that keeps the
                                                                          borrower from working and generating income, and/or
                       Electronic default            Illness of           the borrower has incurred extraordinary expenses as a
124 11.43.10    11     notification         43.10    borrower             result of the illness.                                         List Value
                                                                          Reason for default is the result of obligor(s) incurring
                       Electronic default            Illness of           extraordinary expenses as the result of the illness of a
125 11.43.11    11     notification         43.11    borrower's family family member                                                     List Value
                                                                          Reason for default is obligor has insufficient income
                       Electronic default            Inability to rent    and/or assets to make the monthly mortgage payment
126 11.43.12    11     notification         43.12    property             and the rental property is vacant                              List Value
                                                                          Reason for default is obligor has insufficient income
                       Electronic default            Inability to sell    and/or assets to make the monthly mortgage payment
127 11.43.13    11     notification         43.13    property             and is unable to sell the property                             List Value
                                                                          Reason for default is the result of obligor being jailed or
                       Electronic default                                 imprisoned, regardless of whether obligor is still
128 11.43.14    11     notification         43.14    Incarceration        incarcerated                                                   List Value
                                                                          Reason for default is problems associated with
                                                                          separation or divorce including dispute over payments
                       Electronic default                                 during divorce settlement, reduction in income available
129 11.43.15    11     notification         43.15    Marital difficulties to pay the mortgage debt, etc.                                 List Value
                                                                          Reason for default is the result of obligor being called
                       Electronic default                                 into active duty status and the military pay is insufficient
130 11.43.16    11     notification         43.16    Military service     to make the monthly mortgage payment.                          List Value
                                                                          Reason for default is the result of the borrower being
                       Electronic default            Payment              unable to make new payments that resulted from an
131 11.43.17    11     notification         43.17    adjustment           increase in their monthly payment.                             List Value



Prepared 06-06-2007                                           Page 11 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                U.S. Department of Veterans Affairs (VA)
                                            VA Loan Electronic Reporting Interface (VALERI)
                                                    Servicer Reporting Requirements
                                                          Non-Claim Elements
Row Data       Event
                            Event Name      Elt. #      Data Elements              Business Definition of Data Element                       Data Type*
 # Elt. ID       #
                                                                          Reason for default is the result of a disagreement
                                                                          between obligor and the mortgage servicer about the
                                                                          amount of the mortgage payment, the acceptance of a
                                                                          partial payment, the application of previous payments,
                       Electronic default                                 etc. that result in obligor refusing to make payments
132 11.43.18    11     notification         43.18       Payment dispute until the dispute is resolved                                       List Value
                                                                          Reason for default is the result of the condition of the
                       Electronic default                                 property such as substandard construction, expensive
133 11.43.19    11     notification         43.19       Property problems and extensive repairs required, etc.                              List Value

                                                                          Reason for default is the result of obligor being
                       Electronic default               Servicing         dissatisfied with the Servicer of the loan or with the fact
134 11.43.20    11     notification         43.20       problems          that servicing has been transferred to a new Servicer             List Value
                       Electronic default                                 Reason for default is the result of the obligor's tenant
135 11.43.21    11     notification         43.21       Tenant not paying not paying rent.                                                  List Value

                       Electronic default             Transfer of             Reason for default is the result of the obligor not making
136 11.43.22    11     notification         43.22     ownership               payments while sale of the property is pending             List Value
                       Electronic default             Unemployment            Reason for default is the result of a reduction in
137 11.43.23    11     notification         43.23     notification            obligor's income due to loss of job                        List Value
                                                      Borrower never
                       Electronic default             responded to            Reason for deafult is unknown (unable to get contact or
138 11.43.24    11     notification         43.24     outreach                or unable to determine the reason)                            List Value
                                                  Unpaid principal            Amount of principal due under the terms of the
139 12.1        12     Delinquency status     1   balance (UPB)               obligation as of payment due date                             Dup
                                                                              Month, day, & year of the earliest payment not fully
                                                                              satisfied by the proper application of available credits or
140 12.2        12     Delinquency status     2      Payment due date         deposits                                                      Dup

                                                     Principal and interest
                                                     (P&I) portion of
                                                     monthly installment,     Amount of principal & interest due monthly under the
141 12.3        12     Delinquency status     3      if changed               terms of the loan agreement, if changed from last report Dup

                                                     Taxes and insurance
                                                     (T&I) portion of
                                                     monthly installment,     Amount of taxes and insurance due monthly under the
142 12.4        12     Delinquency status     4      if changed               terms of the loan agreement, if changed from last report Dup


Prepared 06-06-2007                                              Page 12 of 37                 THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                U.S. Department of Veterans Affairs (VA)
                                            VA Loan Electronic Reporting Interface (VALERI)
                                                    Servicer Reporting Requirements
                                                          Non-Claim Elements
Row Data     Event
                          Event Name        Elt. #     Data Elements                Business Definition of Data Element                Data Type*
 # Elt. ID     #
                                                                            Amount due that does not pertain to principal and
                                                     Other portion of       interest and/or taxes & insurance, due under the terms
                                                     monthly installment,   of the obligation (example is HOA fees), if changed from
143 12.5       12     Delinquency status      5      if changed             last report                                              Dup
                                                                            Amount due as a result of penalties imposed by the
                                                                            servicer that a borrower must pay when a payment is
                                                                            missed or made after the due date under the terms of
144 12.6       12     Delinquency status      6      Late charges due       the obligation as of notice date                         Dup
                                                     Expenses incurred to   Any costs that have been paid by the servicer and can
145 12.7       12     Delinquency status      7      date                   be charged to the loan                                   Numeric
                                                     Updated mailing
                                                     address line 1 (if
                      Contact information            different from         First line of the mailing address of current owners, if
146 13.1       13     change                  1      property address)      changed from last report                                   Dup
                                                     Updated mailing
                                                     address line 2 (if
                      Contact information            different from         Second line of the mailing address of current owners, if
147 13.2       13     change                  2      property address)      changed from last report                                   Dup

                                                     Updated mailing
                                                     address unit number
                      Contact information            (if different from     The unit number of the expanded mailing address, if
148 13.4       13     change                  4      property address)      changed from last report                                   Dup
                                                     Updated mailing
                                                     address city (if
                      Contact information            different from         The city name of the expanded mailing address, if
149 13.5       13     change                  5      property address)      changed from last report                                   Dup
                                                     Updated mailing
                                                     address zip code (if
                      Contact information            different from         A group of fields containing the zip code +4 of the
150 13.6       13     change                  6      property address)      expanded mailing address, if changed from last report      Dup
                                                     Updated mailing
                                                     address suffix (if
                      Contact information            different from         The zip code suffix of the mailing address, if changed
151 13.3       13     change                  3      property address)      from last report                                           Dup




Prepared 06-06-2007                                              Page 13 of 37               THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                  U.S. Department of Veterans Affairs (VA)
                                              VA Loan Electronic Reporting Interface (VALERI)
                                                      Servicer Reporting Requirements
                                                            Non-Claim Elements
Row Data      Event
                          Event Name          Elt. #      Data Elements                  Business Definition of Data Element           Data Type*
 # Elt. ID      #
                                                       Updated mailing
                                                       address state
                                                       abbreviation (if
                      Contact information              different from          The state abbreviation of the expanded mailing address,
152 13.7       13     change                    7      property address)       if changed from last report                             Dup
                      Contact information              Updated first phone
153 13.8       13     change                    8      number (obligor 1)      First phone number (obligor 1)                         Dup
                                                       Updated phone
                                                       number type for first
                      Contact   information            phone number
154 13.9       13     change                    9      (obligor 1)             Phone number type for first phone number (obligor 1)   Dup
                      Contact   information
155 13.9.1     13     change                   9.1        Home                    Home                                                Dup
                      Contact   information
156 13.9.2     13     change                   9.2        Work                    Work                                                Dup
                      Contact   information
157 13.9.3     13     change                   9.3         Cell                   Cell                                                Dup
                                                       Updated second
                      Contact information              phone number
158 13.10      13     change                   10      (obligor 1)             Second phone number (obligor 1)                        Dup
                                                       Updated phone
                                                       number type for
                      Contact   information            second phone
159 13.11      13     change                   11      number (obligor 1)      Phone number type for second phone number (obligor 1) Dup
                      Contact   information
160 13.11.1    13     change                   11.1       Home                    Home                                                Dup
                      Contact   information
161 13.11.2    13     change                   11.2       Work                    Work                                                Dup
                      Contact   information
162 13.11.3    13     change                   11.3       Cell                 Cell                                                   Dup
                      Contact   information            Updated phone
163 13.12      13     change                   12      number (obligor 2)   Phone number (obligor 2)                                  Dup
                                                       Updated phone
                      Contact information              number type (obligor
164 13.13      13     change                   13      2)                   Phone number type (obligor 2)                             Dup
                      Contact information
165 13.13.1    13     change                   13.1       Home                    Home                                                Dup
                      Contact information
166 13.13.2    13     change                   13.2       Work                    Work                                                Dup

Prepared 06-06-2007                                                Page 14 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                U.S. Department of Veterans Affairs (VA)
                                            VA Loan Electronic Reporting Interface (VALERI)
                                                    Servicer Reporting Requirements
                                                          Non-Claim Elements
Row Data      Event
                           Event Name       Elt. #      Data Elements                  Business Definition of Data Element               Data Type*
 # Elt. ID      #
                      Contact information
167 13.13.3    13     change                 13.3       Cell                    Cell                                                    Dup
                                                     Updated phone
                      Contact information            number 1 (other
168 13.14      13     change                 14      authorized party)      Phone number 1 (other authorized party)                     Dup

                                                     Date the change in
                      Occupancy status               occupancy status is    Month, day, and year that occupancy status change was
169 14.1       14     change                  1      discovered by servicer discovered by the servicer                            Date

                      Occupancy status                                     Status of who currently resides in the property securing
170 14.2       14     change                  2      Occupancy status      the loan obligation, or reason why no one resides there      Dup
                      Occupancy status                                     Original veteran currently resides in the property
171 14.2.1     14     change                 2.1        Original veteran   securing the loan obligation                                 Dup
                      Occupancy status                                     Individual rents or leases the property securing the loan
172 14.2.2     14     change                 2.2        Tenant             obligation                                                   Dup
                                                                           A conveyance was made and an individual/entity
                      Occupancy status                                     currently resides in the property securing the loan
173 14.2.3     14     change                 2.3        Transferee         obligation                                                   Dup
                      Occupancy status                                     Property is not occupied by anyone but appears to be
174 14.2.4     14     change                 2.4        Vacant             maintained & is secure                                       Dup
                      Occupancy status                                     Property is vacant, is not being maintained, and is not
175 14.2.5     14     change                 2.5        Abandoned          offered for sale or rent.                                    Dup
                                                                           Month, day, & year that obligor filed for protection
176 15.1       15     Bankruptcy filed        1      Date bankruptcy filed under US bankruptcy codes.                                   Date
                                                                           Type of bankruptcy (chapter number) under which the
177 15.2       15     Bankruptcy filed        2      Type of bankruptcy    obligor filed for protection                                 List
                                                                           Chapter of the U.S. bankruptcy code providing for the
                                                                           sale of an obligor's nonexempt property and assets and
178 15.2.1     15     Bankruptcy filed       2.1        Chapter 7          the distribution of the proceeds to creditors                List Value
                                                                           Chapter of the U.S. bankruptcy code providing obligor or
                                                                           their failing firm protection against all creditors while
179 15.2.2     15     Bankruptcy filed       2.2        Chapter 11         being reorganized to pay off debts                           List Value
                                                                           Chapter of the U.S. bankruptcy code designed to give
                                                                           special relief to obligor if they are a family farmer with
180 15.2.3     15     Bankruptcy filed       2.3        Chapter 12         seasonal income                                              List Value
                                                                           Chapter of the U.S. bankruptcy code allowing obligor to
181 15.2.4     15     Bankruptcy filed       2.4        Chapter 13         begin debt repayment without forfeiting property.            List Value


Prepared 06-06-2007                                              Page 15 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                   U.S. Department of Veterans Affairs (VA)
                                               VA Loan Electronic Reporting Interface (VALERI)
                                                       Servicer Reporting Requirements
                                                             Non-Claim Elements
Row Data     Event
                           Event Name          Elt. #      Data Elements                Business Definition of Data Element                   Data Type*
 # Elt. ID     #
                                                        Bankruptcy case
182 15.3       15     Bankruptcy filed           3      number                 Case number assigned by the bankruptcy court           Alphanumeric
                                                                               Indicates whether the mortgagor, co-mortgagor, or both
183 15.4       15     Bankruptcy filed           4      Bankruptcy code        are filing bankruptcy.                                 List
                                                           Only the obligor
184 15.4.1     15     Bankruptcy filed          4.1        has filed           Indicates that only the obligor has filed for bankruptcy      List Value
                                                           Only the co-
185 15.4.2     15     Bankruptcy filed          4.2        obligor has filed   Indicates that only the co-obligor has filed for bankruptcy List Value
                                                           Both the obligor
                                                           and co-obligor      Indicates that both obligor and co-oblogir have filed for
186 15.4.3     15     Bankruptcy filed          4.3        have filed          bankruptcy                                                    List Value

                                                        Name(s) of debtor(s) Name of obligor(s) that filed petition for relief under the
187 15.5       15     Bankruptcy filed           5      - report all applicable U.S. bankruptcy code - report all applicable                 String
                                                                                This field indicates the second alternate debtor (if any)
188 15.6       15     Bankruptcy filed           6      Alternate debtor        for the loan.                                                String
                                                        Social security         Unique SSA-issued number or unique IRS-issued number
                                                        number (SSN)(s) of      (TIN) of the obligor(s) that filed a petition for relief
189 15.7       15     Bankruptcy filed           7      debtor(s)               under the U.S. bankruptcy code                               Alphanumeric
                                                        Alternate debtor
                                                        social security         This field indicates the second alternate debtor social
190 15.8       15     Bankruptcy filed           8      number (SSN)            security number (if any) for the loan.                       Alphanumeric
                                                                                Any significant action taken during the bankruptcy
191 16.1       16     Bankruptcy update          1      Bankruptcy event        process as defined in the eight following items              List
                                                            Date relief of stay Date a petition was filed by servicer requesting relief
192 16.1.1     16     Bankruptcy update         1.1         filed               from the stay to terminate the loan                          Date
                                                                                Date of the court order terminating bankruptcy
                                                                                proceedings, usually relieving the obligor of his/her
193 16.1.2     16     Bankruptcy update         1.2         Date of discharge obligation                                                     Date
                                                                                Date of the court order terminating the case without
                                                                                either the entry of a discharge or a denial of discharge;
                                                                                after the case is dismissed, the obligor and the creditors
                                                                                have the same rights as they had before the
194 16.1.3     16     Bankruptcy update         1.3         Date of dismissal bankruptcy case was commenced                                  Date
                                                                                Date of the court order permitting collection/termination
                                                                                actions against the obligor and/or the property that
195 16.1.4     16     Bankruptcy update         1.4         Date stay lifted    secures the loan                                             Date
                      Loss mitigation letter            Date that the letter    Month, day, & year loss mitigation (foreclosure
196 17.1       17     sent                       1      was sent                avoidance) notice sent by the servicer                       Date

Prepared 06-06-2007                                                 Page 16 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                U.S. Department of Veterans Affairs (VA)
                                            VA Loan Electronic Reporting Interface (VALERI)
                                                    Servicer Reporting Requirements
                                                          Non-Claim Elements
Row Data     Event
                          Event Name        Elt. #      Data Elements               Business Definition of Data Element              Data Type*
 # Elt. ID     #
                      Partial payment                Date partial payment
206 18.2       18     returned                2      returned             Month, day, and year that servicer returned the payment    Date
                                                                          Month, day, & year all delinquent amounts were fully
                                                                          repaid; a loan is current if the payment due date is the
                      Default cured/loan                                  first day of the next month (as of the last day of the
208 19.1       19     reinstated              1      Date loan reinstated previous month)                                            Date
                                                                          Month, day, & year that servicer reports to the credit
                      Default reported to                                 bureau that obligor has failed to comply with the terms
215 21.1       21     credit bureau           1      Date reported        of the loan agreement                                      Date
                                                                          Month, day, & year servicer approved written agreement
                      Repayment plan                 Date repayment plan with the obligor for reinstatement of the loan through a
225 23.1       23     approved                1      approved             schedule of increased payments                             Date
                      Repayment plan                 Plan start date      month & year that repayment plan is documented to
226 23.2       23     approved                2      (month and year)     begin                                                      Date

                                                                          estimated month, (day,) & year the delinquency will be
                      Repayment plan                                      fully satisfied by the proper application of available
227 23.3       23     approved                3      Estimated cure date credits or deposits resulting from the repay plan         Date
                                                                          Month, day, & year servicer approved written agreement
                      Special forbearance            Date special         with the obligor for reinstatement of the loan through a
235 25.1       25     approved                1      forbearance approved special forbearance.                                     Date
                                                                          Estimated month, (day,) & year the delinquency will be
                                                                          fully satisfied by the proper application of available
                      Special forbearance                                 credits or deposits resulting from the proposed special
236 25.1       25     approved                1      Estimated cure date forbearance                                               Date

                                                                            Month, day, & year that servicer approves a permanent
                      Loan modification              Date modification of   change in one or more of the terms of the loan and
244 27.1       27     approved                1      loan approved          usually includes re-amortization of the balance due      Date
                                                                            Month, day, & year that servicer and borrower execute
                                                     Date loan              the modification agreement thereby completing a
                      Loan modification              modification fully     permanent change in one or more of the terms of the
245 28.1       28     complete                1      executed               loan.                                                    Date




Prepared 06-06-2007                                               Page 17 of 37             THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                  U.S. Department of Veterans Affairs (VA)
                                              VA Loan Electronic Reporting Interface (VALERI)
                                                      Servicer Reporting Requirements
                                                            Non-Claim Elements
Row Data     Event
                          Event Name          Elt. #     Data Elements                Business Definition of Data Element                Data Type*
 # Elt. ID     #
                                                                             Total amount of principal owed on the mortgage after
                                                                             the loan modification and before any payments are
                                                                             made; only unpaid principal, accrued interest, deficits in
                                                                             the taxes and insurance impound accounts, and
                                                                             advances required to preserve the lien position, such as
                                                                             homeowner association fees, special assessments, water
                                                                             and sewer liens, etc., may be included in the modified
                      Loan modification                                      indebtedness, late fees and other charges may not be
246 28.2       28     complete                  2      Modified loan amount capitalized                                                 Numeric
                      Loan modification                                      Number of months over which the unpaid balance of the
247 28.3       28     complete                  3      Term                  modified loan will be repaid                               Numeric
                      Loan modification                Modified loan
248 28.4       28     complete                  4      maturity date         Month, day, & year that modified loan will be paid in full Date
                      Loan modification                                      Rate of interest charged on the loan, expressed as a
249 28.5       28     complete                  5      Interest rate         percentage, per the modified loan instruments              Numeric
                      Loan modification                                      Month, day, and year that first installment on modified
250 28.6       28     complete                  6      Date of first payment loan is due                                                Date
                                                       New principal and
                      Loan modification                interest (P&I)        Monthly amount due (for principal & interest) on the
251 28.7       28     complete                  7      payment               modified loan                                              Numeric
                                                                             Actual month, day, & year that obligor's property was
                                                                             sold to a third party in a private sale and the proceeds
                      Compromise sale                  Actual settlement     were less than the amount required to pay the
268 31.1       31     complete                  1      date                  mortgage in full                                           Date
                                                                             Net proceeds from the sale, listed in line 504 from HUD-
                                                       Payoff of first       1 form (also known as the "closing statement" or
                      Compromise sale                  mortgage loan (line   "settlement sheet"), which will be applied toward the
269 31.1       31     complete                  1      504 from HUD-1)       payoff of the first mortgage loan                          Numeric
                                                       Date that deed was
                                                       recorded or           Month, day, & year that the deed in lieu of foreclosure
                                                       submitted for         was recorded with the local government office or
281 34.1       34     Deed-in-lieu complete     1      recordation           submitted for recordation.                                 Date
                                                                             The fair market value of the property minus the VA cost
                                                                             factor (net value = fair market value of the property *
282 34.2       34     Deed-in-lieu complete     2      Net value             (1-the net value factor)).                                 Numeric




Prepared 06-06-2007                                               Page 18 of 37              THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                  U.S. Department of Veterans Affairs (VA)
                                              VA Loan Electronic Reporting Interface (VALERI)
                                                      Servicer Reporting Requirements
                                                            Non-Claim Elements
Row Data     Event
                           Event Name         Elt. #      Data Elements                Business Definition of Data Element                  Data Type*
 # Elt. ID     #

                                                                               The unpaid principal balance, accrued unpaid interest,
                                                                               allowable advances, liquidation expenses, and property
                                                                               preservation expenses (if incurred prior to the actual
                                                       Total eligible          foreclosure sale date or the end of the foreclosure
283 34.3       34     Deed-in-lieu complete     3      indebtedness            timeframe, whichever is earlier), less any credits           Numeric
                                                       Date of referral to     Month, day, & year servicer refers obligor's loan to legal
291 36.1       36     Foreclosure referral      1      attorney                counsel to initiate the foreclosure process                  Date
                                                       Date of most recent     Month, day, & year of the most recently performed
292 36.2       36     Foreclosure referral      2      property inspection     property inspection for the current default                  Date
                                                                               Month, day, & year that servicer sent 30 day
                                                       Date 30 day             delinquency letter (letter to the borrower if payment has
                                                       delinquency letter      not been received within 30 days after it was due and
                                                       sent (if no sucessful   telephone contact could not be made -- 38CFR
293 36.3       36     Foreclosure referral      3      phone contact)          36.4346(g))                                                  Date
                                                                               Month, day, & year that servicer successfully contacted
                                                       Date phone contact      obligor via telephone for the current default ("right
294 36.4       36     Foreclosure referral      4      successful              party" contact)                                              Date
                                                       Updated reason for
                                                       default at time of      Basis for determination that foreclosure process should
295 36.5       36     Foreclosure referral      5      foreclosure             be initiated                                                 Dup
                                                                               Reason for default is the occupation, work, or trade in
                                                                               which obligor is engaged could not meet its financial
296 36.5.1     36     Foreclosure referral     5.1        Business failure     obligations                                                  Dup
                                                                               Reason for default is the damage to the property as a
                                                                               result of a fire, storm, accident, flood, earthquake, or
297 36.5.2     36     Foreclosure referral     5.2        Casualty loss        other catastrophic event                                     Dup
                                                                               Reason for default is a reduction or the curtailment of
                                                          Curtailment of       obligor's income from employment, investment, or other
298 36.5.3     36     Foreclosure referral     5.3        income               sources                                                      Dup

299 36.5.4     36     Foreclosure referral     5.4        Death of borrower Reason for default is that the obligor died                     Dup
                                                                            Reason for default is the death of obligor's relative who
                                                          Death of          is contributing towards the loan (directly or indirectly)
                                                          borrower's family and/or that obligor has incurred extraordinary expenses
300 36.5.5     36     Foreclosure referral     5.5        member            as a result                                                     Dup
                                                          Distant
                                                          employment        Reason for default is the result of the borrower being
301 36.5.6     36     Foreclosure referral     5.6        transfer          transferred or relocated to a distant job location.             Dup

Prepared 06-06-2007                                                Page 19 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                 U.S. Department of Veterans Affairs (VA)
                                             VA Loan Electronic Reporting Interface (VALERI)
                                                     Servicer Reporting Requirements
                                                           Non-Claim Elements
Row Data      Event
                           Event Name        Elt. #   Data Elements                Business Definition of Data Element                    Data Type*
 # Elt. ID      #
                                                                       reason for default is the result of the borrower incurring
                                                                       excessive energy related costs or costs associated with
                                                      Energy/environme removal of an environmental hazard in or near the
302 36.5.7     36     Foreclosure referral    5.7     ntal cost        property.                                                          Dup
                                                                       Reason for default is obligor(s) incurred excessive debt
                                                      Excessive        in addition to the mortgage obligation or the mortgage
303 36.5.8     36     Foreclosure referral    5.8     obligations      payment has increased significantly                                Dup

                                                                           Reason for default is a legal dispute arising out of a
                                                                           fraudulent or illegal action that occurred in connection
304 36.5.9     36     Foreclosure referral    5.9     Fraud                with the origination of the mortgage or at a later date.       Dup
                                                                           Reason for default is a serious illness that keeps the
                                                                           borrower from working and generating income, and/or
                                                      Illness of           the borrower has incurred extraordinary expenses as a
305 36.5.10    36     Foreclosure referral    5.10    borrower             result of the illness.                                         Dup
                                                                           Reason for default is the result of obligor(s) incurring
                                                      Illness of           extraordinary expenses as the result of the illness of a
306 36.5.11    36     Foreclosure referral    5.11    borrower's family family member                                                     Dup
                                                                           Reason for default is obligor has insufficient income
                                                      Inability to rent    and/or assets to make the monthly mortgage payment
307 36.5.12    36     Foreclosure referral    5.12    property             and the rental property is vacant                              Dup
                                                                           Reason for default is obligor has insufficient income
                                                      Inability to sell    and/or assets to make the monthly mortgage payment
308 36.5.13    36     Foreclosure referral    5.13    property             and is unable to sell the property                             Dup
                                                                           Reason for default is the result of obligor being jailed or
                                                                           imprisoned, regardless of whether obligor is still
309 36.5.14    36     Foreclosure referral    5.14    Incarceration        incarcerated                                                   Dup
                                                                           Reason for default is problems associated with
                                                                           separation or divorce including dispute over payments
                                                                           during divorce settlement, reduction in income available
310 36.5.15    36     Foreclosure referral    5.15    Marital difficulties to pay the mortgage debt, etc.                                 Dup
                                                                           Reason for default is the result of obligor being called
                                                                           into active duty status and the military pay is insufficient
311 36.5.16    36     Foreclosure referral    5.16    Military service     to make the monthly mortgage payment.                          Dup
                                                                           Reason for default is the result of the borrower being
                                                      Payment              unable to make new payments that resulted from an
312 36.5.17    36     Foreclosure referral    5.17    adjustment           increase in their monthly payment.                             Dup



Prepared 06-06-2007                                            Page 20 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                 U.S. Department of Veterans Affairs (VA)
                                             VA Loan Electronic Reporting Interface (VALERI)
                                                     Servicer Reporting Requirements
                                                           Non-Claim Elements
Row Data      Event
                           Event Name        Elt. #     Data Elements               Business Definition of Data Element                   Data Type*
 # Elt. ID      #
                                                                           Reason for default is the result of a disagreement
                                                                           between obligor and the mortgage servicer about the
                                                                           amount of the mortgage payment, the acceptance of a
                                                                           partial payment, the application of previous payments,
                                                                           etc. that result in obligor refusing to make payments
313 36.5.18    36     Foreclosure referral    5.18       Payment dispute until the dispute is resolved                                   Dup
                                                                           Reason for default is the result of the condition of the
                                                                           property such as substandard construction, expensive
314 36.5.19    36     Foreclosure referral    5.19       Property problems and extensive repairs required, etc.                          Dup

                                                                           Reason for default is the result of obligor being
                                                         Servicing         dissatisfied with the Servicer of the loan or with the fact
315 36.5.20    36     Foreclosure referral    5.20       problems          that servicing has been transferred to a new Servicer         Dup
                                                                           Reason for default is the result of the obligor's tenant
316 36.5.21    36     Foreclosure referral    5.21       Tenant not paying not paying rent.                                              Dup

                                                         Transfer of         Reason for default is the result of the obligor not making
317 36.5.22    36     Foreclosure referral    5.22       ownership           payments while sale of the property is pending             Dup
                                                         Unemployment        Reason for default is the result of a reduction in
318 36.5.23    36     Foreclosure referral    5.23       notification        obligor's income due to loss of job                        Dup
                                                         Borrower never
                                                         responded to        Reason for deafult is unknown (unable to get contact or
319 36.5.24    36     Foreclosure referral    5.24       outreach            or unable to determine the reason)                          Dup

                                                                             Month, day, & year the property will be sold to satisfy
                                                                             the loan obligation (or month, day, & year it is
                      Foreclosure sale                Date of scheduled      anticipated the property will be sold to satisfy the loan
320 37.1       37     scheduled                1      foreclosure sale       obligation for states such as South Dakota)                 Date
                      Foreclosure sale                                       Type of legal process by which the property is sold to
321 37.2       37     scheduled                2      Foreclosure type       satisfy the loan obligation                                 List
                      Foreclosure sale
322 37.2.1     37     scheduled               2.1        Judicial            Type of foreclosure process done through court action       List Value
                      Foreclosure sale                                       Type of foreclosure process done through the power of
323 37.2.2     37     scheduled               2.2        Non-judicial        sale                                                        List Value
349 40.1       40     Results of sale          1      Date of sale           Month, day, & year the foreclosure sale was held            Date




Prepared 06-06-2007                                                 Page 21 of 37             THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                     U.S. Department of Veterans Affairs (VA)
                                                 VA Loan Electronic Reporting Interface (VALERI)
                                                         Servicer Reporting Requirements
                                                               Non-Claim Elements
Row Data       Event
                            Event Name           Elt. #      Data Elements                Business Definition of Data Element                Data Type*
 # Elt. ID       #
                                                          Sherrif's appraised
                                                          value (if applicable,
                                                          Kentucky, Ohio.
                                                          Louisiana, and          Value of the property as determined by the court-
350 40.2        40     Results of sale             2      Oklahoma only)          ordered sheriff's appraisal                               Numeric
                                                                                  Designates whether the sucessful bidder was the holder
351 40.3        40     Results of sale             3      Successful bidder       or a third party                                          List
352 40.3.1      40     Results of sale            3.1         Holder              The property was acquired by the holder of the loan       List Value
353 40.3.2      40     Results of sale            3.2         Third party         The property was acquired by a third party                List Value
                                                          Amount of successful
354 40.4        40     Results of sale             4      bid                  The amount of money bid to acquire the property              Numeric
                                                                               The fair market value of the property minus the VA cost
                                                                               factor (net value = fair market value of the property *
355 40.5        40     Results of sale             5      Net value            (1-the net value factor)).                                   Dup

                                                                                  The unpaid principal balance, accrued unpaid interest,
                                                                                  allowable advances, liquidation expenses, and property
                                                                                  preservation expenses (if incurred prior to the actual
                                                          Total eligible          foreclosure sale date or the end of the foreclosure
356 40.6        40     Results of sale             6      indebtedness            timeframe, whichever is earlier), less any credits        Dup
                                                          Insurance type
                                                          (flood, earthquake,
                                                          forced place,
                                                          homeowner's, wind,
                                                          fire) - report all      Information about insurance policy(ies) in force at the
357   41.1      41     Transfer   of   custody     1      applicable              time of transfer of custody to VA                         List
358   41.1.1    41     Transfer   of   custody    1.1          Flood              Reported insurance type is flood insurance                List   Value
359   41.1.2    41     Transfer   of   custody    1.2          Earthquake         Reported insurance type is earthquake insurance           List   Value
360   41.1.3    41     Transfer   of   custody    1.3          Forced place       Reported insurance type is forced place insurance         List   Value
361   41.1.4    41     Transfer   of   custody    1.4          Homeowner's        Reported insurance type is homeowner's insurance          List   Value
362   41.1.5    41     Transfer   of   custody    1.5          Wind               Reported insurance type is wind insurance                 List   Value
363   41.1.6    41     Transfer   of   custody    1.6          Fire               Reported insurance type is fire insurance                 List   Value
                                                                                  Unique insurance company issued number identifying
364 41.2        41     Transfer of custody         2      Policy number           the specific insurance coverage plan                      Alphanumeric
                                                                                  Name of the company that provides the insurance
365 41.3        41     Transfer of custody         3      Name of carrier         coverage                                                  String
                                                                                  Month, day, & year that the insurance coverage
366 41.4        41     Transfer of custody         4      Expiration date         terminates                                                Date


Prepared 06-06-2007                                                    Page 22 of 37               THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                 U.S. Department of Veterans Affairs (VA)
                                             VA Loan Electronic Reporting Interface (VALERI)
                                                     Servicer Reporting Requirements
                                                           Non-Claim Elements
Row Data     Event
                           Event Name        Elt. #      Data Elements                  Business Definition of Data Element                  Data Type*
 # Elt. ID     #
                                                      Tax parcel/
                                                      identification
                                                      number(s) - report as
                                                      many as are               Unique number assigned by the local taxing authority to
367 41.5       41     Transfer of custody      5      applicable                identify the property                                       Alphanumeric
                                                      Redemption
                                                      expiration date (if       Month, day, and year on which the redemption period
368 41.6       41     Transfer of custody      6      applicable)               terminates                                                  Date
                                                      Date of
                                                      confirmation/ratificati   Month, day, & year the foreclosure sale was confirmed
369 41.7       41     Transfer of custody      7      on of sale                or ratified (as required by State law)                Date
                                                      Mortgage holder's         Unique FMS-assigned number used to identify the payee
                                                      payee vendor ID (per      for VA purposes; servicer reports own vendor ID if
370 41.8       41     Transfer of custody      8      FMS)                      servicer is payee                                     Alphanumeric
                                                      Payee loan number
                                                      (if payee differs from    Unique payee-assigned number, used to identify the
371 41.9       41     Transfer of custody      9      servicer)                 account                                                     Alphanumeric
                                                      Reason for the
                      Improper transfer of            improper transfer of      Reason servicer erroneously transferred custody of a
372 42.1       42     custody                  1      custody                   property to VA.                                             List

                      Improper transfer of                Holder wanted to      Holder intended to retain property but conveyed to VA
373 42.1.1     42     custody                 1.1         keep the property     in error                                                    List Value
                                                          Third party was
                      Improper transfer of                the successful        Third party was successful bidder so holder did not have
374 42.1.2     42     custody                 1.2         bidder                the option to convey to VA                                  List Value
                                                      Reason sale               Basis for determination that results changed or sale
375 43.1       43     Invalid sale results     1      invalidated               invalid                                                     List
                                                                                Reason that sale was determined to be invalid because
                                                                                petition for relief was filed under U.S. bankruptcy codes
376 43.1.1     43     Invalid sale results    1.1        Bankruptcy             by or on behalf of the obligor                              List Value
                                                         Contested              Reason the sale was determined to be invalid was
377 43.1.2     43     Invalid sale results    1.2        foreclosure            because the foreclosure was contested                       List Value
                                                         Third party fails      Reason that the sale was determined to be invalid is
                                                         to consummate          third party purchaser did not complete the purchase
378 43.1.3     43     Invalid sale results    1.3        sale                   requirements                                                List Value




Prepared 06-06-2007                                                Page 23 of 37                 THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                    U.S. Department of Veterans Affairs (VA)
                                                VA Loan Electronic Reporting Interface (VALERI)
                                                        Servicer Reporting Requirements
                                                              Non-Claim Elements
Row Data       Event
                            Event Name          Elt. #     Data Elements                Business Definition of Data Element                   Data Type*
 # Elt. ID       #

                                                                                Reason that sale was determined to be invalid is
                                                                                procedural errors, such as failure to give notice, legal
                                                                                issues, failure to comply with foreclosure laws, incorrect
379 43.1.4      43     Invalid sale results      1.4        Procedural errors   publication, trustee appointments, recording issues, etc. List Value
                                                                                Reason that sale was determined to be invalid is obligor
                                                                                has filed for relief under or is deemed to be entitled to
380 43.1.5      43     Invalid sale results      1.5          SCRA              the Service Members Civil Relief Act                         List Value
                                                         Confirmation or        Month, day, and year of sale confirmation or ratification
                       Confirmed sale date               ratification date      when the servicer chooses to retain the property and
                       with no transfer of               (when no transfer of   the property is located in a confirmation or ratification of
382 45.1        45     custody                    1      custody)               sale state.                                                  Date
                                                         Insurance type
                                                         (flood, earthquake,
                                                         forced place,
                                                         homeowner's, wind,     Information about insurance policy(ies) in force at the
383   47.1      47     Refunding   settlement     1      fire)                  time of transfer of custody to VA                           List
384   47.1.1    47     Refunding   settlement    1.1          Flood             Reported insurance type is flood insurance                  List   Value
385   47.1.2    47     Refunding   settlement    1.2          Earthquake        Reported insurance type is earthquake insurance             List   Value
386   47.1.3    47     Refunding   settlement    1.3          Forced place      Reported insurance type is forced place insurance           List   Value
387   47.1.4    47     Refunding   settlement    1.4          Homeowner's       Reported insurance type is homeowner's insurance            List   Value
388   47.1.5    47     Refunding   settlement    1.5          Wind              Reported insurance type is wind insurance                   List   Value
389   47.1.6    47     Refunding   settlement    1.6          Fire              Reported insurance type is fire insurance                   List   Value
                                                                                Unique insurance company issued number identifying
390 47.2        47     Refunding settlement       2      Policy number          the specific insurance coverage plan                        Alphanumeric
391 47.3        47     Refunding settlement       3      Name of carrier        Name of the carrier of the insurance policy                 String
                                                                                Name of the company that provides the insurance
392 47.4        47     Refunding settlement       4      Expiration date        coverage                                                    String
                                                         Insurance premium      Month, day, & year that the insurance coverage
393 47.5        47     Refunding settlement       5      amount                 terminates                                                  Date
394 47.6        47     Refunding settlement       6      Date last paid         Month, day, & year that the insurance was last paid         Date
                                                         Tax parcel/
                                                         identification
                                                         number(s) - report as
                                                         many as are           Unique number assigned by the local taxing authority to
395 47.7        47     Refunding settlement       7      applicable            identify the property                                        Alphanumeric
396 47.8        47     Refunding settlement       8      Tax Type              Type of tax paid on the loan                                 List
                                                                               Type of tax payment advanced by the servicer is to pay
397 47.8.1      47     Refunding settlement      8.1     City                  city taxes                                                   List Value

Prepared 06-06-2007                                                 Page 24 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                 U.S. Department of Veterans Affairs (VA)
                                             VA Loan Electronic Reporting Interface (VALERI)
                                                     Servicer Reporting Requirements
                                                           Non-Claim Elements
Row Data     Event
                          Event Name         Elt. #      Data Elements                  Business Definition of Data Element                  Data Type*
 # Elt. ID     #
                                                                                Type of tax payment advanced by the servicer is to pay
398 47.8.2     47     Refunding settlement    8.2     County/ Parish            county/parish taxes                                         List Value
                                                                                Type of tax payment advanced by the servicer is to pay
399 47.8.3     47     Refunding settlement    8.3     School                    school taxes                                                List Value
                                                                                Type of tax payment advanced by the servicer is to pay
                                                                                levy taxes (Levy taxes on assessed to properties on the
                                                                                Mississippi and protected by Levies. Most of these are in
400 47.8.4     47     Refunding settlement    8.4     Levy                      AR, TN, MS etc.)                                            List Value
                                                                                Tyep of tax advanced by the servicer is to pay township
401 47.8.5     47     Refunding settlement    8.5     Township                  taxes                                                       List Value
                                                      Municipal Utility         Type of tax payment advanced by the servicer is to pay
402 47.8.6     47     Refunding settlement    8.6     District (MUD)            MUD taxes                                                   List Value
                                                      Public Utility District   Type of tax payment advanced by the servicer is to pay
403 47.8.7     47     Refunding settlement    8.7     (PUD)                     PUD taxes                                                   List Value
                                                      Next tax payment
404 47.9       47     Refunding settlement    9       due date                  Month, day, & year that the next tax payment is due         Date
405 47.10      47     Refunding settlement    10      Annual tax amount         Amount of the annual tax payment due on the loan            Numeric
406 47.11      47     Refunding settlement    11      Date last paid            Month, day, & year that the tax was last paid               Date




Prepared 06-06-2007                                                 Page 25 of 37                THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                              U.S. Department of Veterans Affairs (VA)
                                                          VA Loan Electronic Reporting Interface (VALERI)
                                                                  Servicer Reporting Requirements
                                                                           Claim Elements
Row Event     Event
                           Category       Group       Subgroup              Data Elements                         Business Definition of Data Element                Data Type
 No.  #       Name
                                                                 Claim type (for the claim submission -- Type of claim servicer is submitting, either initial or
                          N/A           N/A
 1    46    Basic Claim                             N/A           initial, supplemental)                 supplemental                                                  TBD
                                                                                                         Unique FMS-assigned number used to identify the payee
                          N/A           N/A
 2    46    Basic Claim                             N/A          Payee vendor ID (per FMS)               for VA purposes                                               TBD
                                                                 Payee loan number (if payee differs     Unique payee-assigned number, used to identify the
                          N/A           N/A
 3    46    Basic Claim                             N/A          from servicer)                          account                                                       TBD
                                                                                                         Any unscheduled payment to principal by the borrower,
 4    46    Basic Claim Prepayments     N/A         N/A          Borrower prepayment amount              report all that occurred                                      TBD
 5    46    Basic Claim Prepayments     N/A         N/A          Date of prepayment                      Month, day, and year each prepayment was applied              TBD

                                                                                                          Month, day, & year assistance under the
                        Interest Rate                                                                     Servicemembers Civil Relief Act was requested (explicit
 6    46    Basic Claim Changes         SCRA        N/A          Date SCRA relief requested               request or discovery of eligibility during servicing)        TBD

                        Interest Rate                            Effective date of relief (can be prior to Month, day, & year that the veteran became eligible for
 7    46    Basic Claim Changes         SCRA        N/A          request date)                             assistance under the Servicemembers Civil Relief Act        TBD
                        Interest Rate                                                                      Month, day, & year the relief is expected to end
 8    46    Basic Claim Changes         SCRA        N/A          Expected SCRA relief end date             pursuant to the requirements of the Act                     TBD

                        Interest Rate                            Effective date of interest rate change   Effective date of change for SCRA (change date), if
 9    46    Basic Claim Changes         SCRA        N/A          for SCRA (change date), if applicable    applicable                                                   TBD
                        Interest Rate                            Interest rate for SCRA change, if
10    46    Basic Claim Changes         SCRA        N/A          applicable                               Interest rate for SCRA change, if applicable                 TBD
                        Interest Rate                            Effective dates of changes for ARM
11    46    Basic Claim Changes         ARMs        N/A          loans (change dates)                     Effective date of change for ARM loans (change date)         TBD
                        Interest Rate                            Margin (for ARM interest rate
12    46    Basic Claim Changes         ARMs        N/A          changes)                                 Margin (for ARM interest rate changes)                       TBD
                        Interest Rate
13    46    Basic Claim Changes         ARMs        N/A          ARM interest rate caps                   Interest rate caps for ARM loans                             TBD
                                                                 Date loan termination reported to        Month, day, & year that servicer reports to the credit
14    46    Basic Claim N/A             N/A         N/A          credit bureaus                           bureau that the loan has been terminated                     TBD
                                                                                                          Any monies received from refunds of insurance
15    46    Basic Claim Credits         N/A         N/A          Refunds of insurance premiums            premiums                                                     TBD
                                                                                                          Any monies received from collection of rents from
16    46    Basic Claim Credits         N/A         N/A          Tenant rents                             tenants                                                      TBD
                                        Insurance
                                        Loss                                                              Month, day, and year monies were paid to servicer as a
17    46    Basic Claim Credits         Proceeds    N/A          Date claim paid                          result of insurable loss                                     TBD
                                        Insurance
                                        Loss                                                              Month, day, & year that the insurance claim for
18    46    Basic Claim Credits         Proceeds    N/A          Date denied (if applicable)              damages was denied                                           TBD
                                        Insurance
                                        Loss
19    46    Basic Claim Credits         Proceeds    N/A          Proceeds from insurance claim            Amount of insurance loss proceeds received                   TBD

     Prepared 06-06-2007                                                    Page 26 of 37                         THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                              U.S. Department of Veterans Affairs (VA)
                                                          VA Loan Electronic Reporting Interface (VALERI)
                                                                  Servicer Reporting Requirements
                                                                           Claim Elements
Row Event     Event
                          Category     Group       Subgroup                  Data Elements                      Business Definition of Data Element                Data Type
 No.  #       Name
                                     Insurance
                                     Loss        Disposition of                                         Amount of insurance loss proceeds aplied to the unpaid
20    46    Basic Claim Credits      Proceeds    Proceeds         Applied to UPB                        principal balance of the loan                                TBD
                                     Insurance
                                     Loss        Disposition of                                         Amount of insurance loss proceeds used to restore the
21    46    Basic Claim Credits      Proceeds    Proceeds         Used to restore security              security                                                     TBD
                                     Insurance
                                     Loss        Disposition of
22    46    Basic Claim Credits      Proceeds    Proceeds         Held in suspense                      Amount of insurance loss proceeds held in suspense           TBD
                                     Insurance
                                     Loss                                                               Month, day, & year that the insurance loss proceeds
23    46    Basic Claim Credits      Proceeds    N/A              Date applied to UPB (if applicable)   were applied to the unpaid principal balance                 TBD
                                                                                                        Amount of monies, if any, remaining in tax and
24    46    Basic Claim Credits      N/A         N/A              Escrow credit balance                 insurance escrow account                                     TBD
                                                                  Suspended credits (partial payments
25    46    Basic Claim Credits      N/A         N/A              in suspense)                          Any other monies being held in suspense                      TBD
                                                                  Buydown credits from origination      Any unapplied seller buy down credits from loan
26    46    Basic Claim Credits      N/A         N/A              (seller buydowns)                     origination                                                  TBD
                                                                  Amounts of origination buydowns
27    46    Basic Claim Credits      N/A         N/A              (report all)                          Amounts of buydowns from origination                         TBD
28    46    Basic Claim Credits      N/A         N/A              Dates of origination buydowns         Dates origination buydowns applied to loan                   TBD
                                                                                                        Amounts applied to 1) principal balance, 2) interest, or
                                                                                                        3) escrow to obtain specified bid (pre-VALERI
                                                                  Buydown credits from foreclosure      terminations). Buydown funds should have been
29    46    Basic Claim Credits      N/A         N/A              (only for pre-VALERI claims)          applied, not held in suspense.                               TBD
                                                                  Dates of foreclosure buydowns (pre-   Date or dates of foreclosure buydowns (pre-VALERI
30    46    Basic Claim Credits      N/A         N/A              VALERI claims)                        terminations)                                                TBD
                                                                                                        Amount of monies earned from obligor's escrow
31    46    Basic Claim Credits      N/A         N/A              Interest on escrow                    account as a result of interest payments                     TBD
                                                                  Other credits for application to      Amount of other credits for application to liquidation
32    46    Basic Claim Credits      N/A         N/A              liquidation expenses                  expenses                                                     TBD
                                                                  Other credits for application to
33    46    Basic Claim Credits      N/A         N/A              advances                              Amount of other credits for application to advances          TBD
34    46    Basic Claim Credits      N/A         N/A              Tax refunds                           Amount of tax refunds                                        TBD
35    46    Basic Claim Advances     Insurance   N/A              Type of insurance                     Type of insurance (report all applicable)                    TBD

                                                                                                        Type of insurance is advanced by the servicer to obtain
36    46    Basic Claim Advances     Insurance   Insurance type   Forced place (annual)                 and/or continue yearly forced place insurance coverage       TBD
                                                                                                        Type of insurance is advanced by the servicer to obtain
                                                                                                        and/or continue monthly forced place insurance
37    46    Basic Claim Advances     Insurance   Insurance type   Forced place (monthly binder)         coverage                                                     TBD
                                                                                                        Type of insurance is advanced by the servicer to obtain
38    46    Basic Claim Advances     Insurance   Insurance type   Flood                                 and/or continue flood insurance coverage                     TBD


     Prepared 06-06-2007                                                      Page 27 of 37                     THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                            U.S. Department of Veterans Affairs (VA)
                                                        VA Loan Electronic Reporting Interface (VALERI)
                                                                Servicer Reporting Requirements
                                                                         Claim Elements
Row Event     Event
                         Category     Group       Subgroup                   Data Elements                    Business Definition of Data Element                 Data Type
 No.  #       Name
                                                                                                      Type of insurance is advanced by the servicer to obtain
                                                                                                      and/or continue homeowner's, fire, and/or hazard
39    46    Basic Claim Advances    Insurance   Insurance type   Homeowner's/ Fire/ Hazard            insurance coverage                                            TBD
                                                                                                      Type of insurance is advanced by the servicer to obtain
40    46    Basic Claim Advances    Insurance   Insurance type   Wind                                 and/or continue wind insurance coverage                       TBD

                                                                                                      Type of insurance is advanced by the servicer to obtain
41    46    Basic Claim Advances    Insurance   Insurance type   Earthquake                           and/or continue earthquake insurance coverage                 TBD
                                                                                                      Amounts of insurance payments advanced by the
42    46    Basic Claim Advances    Insurance   N/A              Insurance payment amount             servicer                                                      TBD
43    46    Basic Claim Advances    Insurance   N/A              Insurance payment date               Dates insurance payments advanced by the servicer             TBD
                                                                 Effective date (for forced place
44    46    Basic Claim Advances    Insurance   N/A              insurance)                           Effective date of forced place insurance coverage             TBD
45    46    Basic Claim Advances    Taxes       N/A              Tax Type                             Type of tax paid on the loan                                  TBD
                                                                                                      Type of tax payment advanced by the servicer is to pay
46    46    Basic Claim Advances    Taxes       Tax Type         City                                 city taxes                                                    TBD
                                                                                                      Type of tax payment advanced by the servicer is to pay
47    46    Basic Claim Advances    Taxes       Tax Type         County/ Parish                       county/parish taxes                                           TBD
                                                                                                      Type of tax payment advanced by the servicer is to pay
48    46    Basic Claim Advances    Taxes       Tax Type         School                               school taxes                                                  TBD
                                                                                                      Type of tax payment advanced by the servicer is to pay
                                                                                                      levy taxes (Levy taxes on assessed to properties on the
                                                                                                      Mississippi and protected by Levies. Most of these are in
49    46    Basic Claim Advances    Taxes       Tax Type         Levy                                 AR, TN, MS etc.)                                              TBD
                                                                                                      Tyep of tax advanced by the servicer is to pay township
50    46    Basic Claim Advances    Taxes       Tax Type         Township                             taxes                                                         TBD
                                                                                                      Type of tax payment advanced by the servicer is to pay
51    46    Basic Claim Advances    Taxes       Tax Type         Municipal Utility District (MUD)     MUD taxes                                                     TBD
                                                                                                      Type of tax payment advanced by the servicer is to pay
52    46    Basic Claim Advances    Taxes       Tax Type         Public Utility District (PUD)        PUD taxes                                                     TBD
                                                                                                      Amount advanced by the servicer to pay selected tax
53    46    Basic Claim Advances    Taxes       N/A              Tax payment amount                   types (report all applicable with tax type)                   TBD
                                                                                                      Date tax payment advanced by the servicer for the
54    46    Basic Claim Advances    Taxes       N/A              Tax payment date                     selected tax type (report all applicable)                     TBD
                                                                                                      Amounts advanced by the servicer to pay special
                                                                 Special assessment payment           assessments against the property (report as many as
55    46    Basic Claim Advances    N/A         N/A              amount(s)                            are applicable)                                               TBD
                                                                                                      Dates the special assessment payments were made
56    46    Basic Claim Advances    N/A         N/A              Special assessment payment date(s)   (report one for each assessment paid                          TBD
                                                                                                      Amounts advanced by the servicer to pay ground rent
57    46    Basic Claim Advances    N/A         N/A              Ground rent payment amount           due on the property                                           TBD
58    46    Basic Claim Advances    N/A         N/A              Ground rent payment date             Date servicer advanced ground rent payment                    TBD
                                                                                                      Amounts advanced by the servicer to pay HOA, CIA,
59    46    Basic Claim Advances    N/A         N/A              Association fees payment amounts     PUD, &/or Condo association fees                              TBD

     Prepared 06-06-2007                                                      Page 28 of 37                   THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                             U.S. Department of Veterans Affairs (VA)
                                                         VA Loan Electronic Reporting Interface (VALERI)
                                                                 Servicer Reporting Requirements
                                                                          Claim Elements
Row Event     Event
                         Category     Group        Subgroup                  Data Elements                    Business Definition of Data Element                Data Type
 No.  #       Name
                                                                                                      Amounts advanced by the servicer to pay HOA, CIA,
60    46    Basic Claim Advances    N/A          N/A             Association fees payment dates       PUD, &/or Condo association fees                             TBD
                                                                                                      Date work completed for the property preservation
                                    Property                     Property preservation item work      activity (report for each property preservation activity
61    46    Basic Claim Advances    Preservation N/A             completion date                      completed on the loan)                                       TBD
                                                                                                      Date payment made for property preservation activity
                                    Property                     Property preservation item payment   completed (report for each property preservation
62    46    Basic Claim Advances    Preservation N/A             date                                 activity completed on the loan)                              TBD
                                                                                                      Amount paid for property preservation activity
                                    Property                     Property preservation item payment   completed (report for each property preservation
63    46    Basic Claim Advances    Preservation N/A             amount                               activity completed on the loan)                              TBD

                                    Property     Yard
64    46    Basic Claim Advances    Preservation maintenance     Yard maintenance advance type        Type of yard paintenance advance                             TBD

                                    Property     Yard                                                 Type advanced by the servicer is for initial mowing
65    46    Basic Claim Advances    Preservation maintenance     Initial cut up to 5,000 s.f.         services of up to 5,000 square feet                          TBD

                                    Property     Yard                                                 Type advanced by the servicer is for initial mowing
66    46    Basic Claim Advances    Preservation maintenance     Initial cut 5,001 - 10,000 s.f.      services of between 5,001 and 10,000 square feet             TBD

                                    Property     Yard                                                 Type advanced by the servicer is for initial mowing
67    46    Basic Claim Advances    Preservation maintenance     Initial cut 10,000 s.f. or larger    services of greater than 10,000 square feet                  TBD

                                    Property     Yard                                                 Type advanced by the servicer is for additional mowing
68    46    Basic Claim Advances    Preservation maintenance     Recut cut up to 5,000 s.f.           services of up to 5,000 square feet                          TBD

                                    Property     Yard                                                 Type advanced by the servicer is for additional mowing
69    46    Basic Claim Advances    Preservation maintenance     Recut cut 5,001 - 10,000 s.f.        services of between 5,001 and 10,000 square feet             TBD

                                    Property     Yard                                                 Type advanced by the servicer is for additional mowing
70    46    Basic Claim Advances    Preservation maintenance     Recut cut 10,000 s.f. or larger      services of greater than 10,000 square feet                  TBD

                                    Property     Yard                                                 Type advanced by the servicer is for shrub trimming
71    46    Basic Claim Advances    Preservation maintenance     Trim shrubs                          services performed on the property                           TBD

                                    Property     Yard                                                 Type advanced by the servicer is for snow removal
72    46    Basic Claim Advances    Preservation maintenance     Snow removal                         services performed on the property                           TBD

                                    Property                                                          Type advanced by the servicer is to winterize one
73    46    Basic Claim Advances    Preservation Winterization   Dry heat - 1 unit                    property unit with dry heat                                  TBD

                                    Property                                                          Type advanced by the servicer is to winterize any
74    46    Basic Claim Advances    Preservation Winterization   Dry heat - addl. units               additional property units with dry heat                      TBD

     Prepared 06-06-2007                                                     Page 29 of 37                    THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                                 U.S. Department of Veterans Affairs (VA)
                                                             VA Loan Electronic Reporting Interface (VALERI)
                                                                     Servicer Reporting Requirements
                                                                              Claim Elements
Row Event     Event
                         Category      Group         Subgroup                     Data Elements                     Business Definition of Data Element                Data Type
 No.  #       Name

                                    Property                                                                Type advanced by the servicer is to winterize one
75    46    Basic Claim Advances    Preservation Winterization      Wet heat - 1 unit                       property unit with wet heat                                  TBD

                                    Property                                                                Type advanced by the servicer is to winterize any
76    46    Basic Claim Advances    Preservation Winterization      Wet heat - addl. unit                   additional property units with wet heat                      TBD

                                    Property                                                                Type advanced by the servicer is to winterize one
77    46    Basic Claim Advances    Preservation Winterization      Radiant heat - 1 unit                   property unit with radiant heat                              TBD

                                    Property                                                                Type advanced by the servicer is to winterize any
78    46    Basic Claim Advances    Preservation Winterization      Radiant heat - addl. unit               additional property units with radiant heat                  TBD
                                                                                                            Type advanced by the servicer is to repair, replace, or
                                                                                                            install (as necessary to comply with state health
                                    Property                                                                department requirements) a Reduced Pressure Zone
79    46    Basic Claim Advances    Preservation Winterization      Reduced pressure zone (RPZ) valve       (RPZ) valve                                                  TBD

                                    Property                                                                Type advanced by the servicer is to winterize pools,
80    46    Basic Claim Advances    Preservation Winterization      Pools, spas, and hot tubs winterization spas, & hot tubs                                             TBD

                                    Property
81    46    Basic Claim Advances    Preservation Utilities          Electricity                             Type advanced by the servicer is to pay for electricity      TBD

                                    Property
82    46    Basic Claim Advances    Preservation Utilities          Gas                                     Type advanced by the servicer is to pay for gas              TBD

                                    Property
83    46    Basic Claim Advances    Preservation Utilities          Oil                                     Type advanced by the servicer is to pay for oil              TBD

                                    Property
84    46    Basic Claim Advances    Preservation Utilities          Propane                                 Type advanced by the servicer is to pay for propane          TBD

                                    Property                                                                Type advanced by the servicer is to pay for water and
85    46    Basic Claim Advances    Preservation Utilities          Water and sewer                         sewer services                                               TBD
                                                 Equipment
                                    Property     repair or                                                  Type advanced by the servicer is to pay for repair of a
86    46    Basic Claim Advances    Preservation replacement        Sump pump repair                        required sump pump                                           TBD
                                                 Equipment
                                    Property     repair or                                                  Type advanced by the servicer is to pay for installation
87    46    Basic Claim Advances    Preservation replacement        Sump pump installation                  of a required sump pump                                      TBD
                                                 Equipment                                                  Type advanced by the servicer is to pay for services
                                    Property     repair or                                                  related to removing water from the basement of the
88    46    Basic Claim Advances    Preservation replacement        Pumping water from basement             property                                                     TBD


     Prepared 06-06-2007                                                          Page 30 of 37                     THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                                U.S. Department of Veterans Affairs (VA)
                                                            VA Loan Electronic Reporting Interface (VALERI)
                                                                    Servicer Reporting Requirements
                                                                             Claim Elements
Row Event     Event
                         Category     Group        Subgroup                  Data Elements                       Business Definition of Data Element                Data Type
 No.  #       Name
                                                 Equipment
                                    Property     repair or                                               Type advanced by the servicer is to pay for necessary
89     46   Basic Claim Advances    Preservation replacement       Water well (pump, tank, and lines)    water well equipment repair or replacement                   TBD
                                                 Equipment
                                    Property     repair or                                               Type advanced by the servicer is to pay for necessary
90     46   Basic Claim Advances    Preservation replacement       Septic system maintenance             septic system maintenance                                    TBD

                                    Property                                                             Type advanced by the servicer is to initially secure the
91     46   Basic Claim Advances    Preservation Securing          Securing of the property              property                                                     TBD

                                    Property                                                             Type advanced by the servicer is to resecure the
92     46   Basic Claim Advances    Preservation Securing          Resecure property                     property                                                     TBD

                                    Property                                                             Type advanced by the servicer is to make required
93     46   Basic Claim Advances    Preservation Securing          Temporary roof repairs                temporary roof repairs                                       TBD

                                    Property                                                             Type advanced by the servicer is to properly secure in-
94     46   Basic Claim Advances    Preservation Securing          In-ground pools                       ground pools                                                 TBD

                                    Property                                                             Type advanced by the servicer is to properly secure
95     46   Basic Claim Advances    Preservation Securing          Above ground pools                    above ground pools                                           TBD

                                    Property                                                             Type advanced by the servicer is to properly secure hot
96     46   Basic Claim Advances    Preservation Securing          Hot tubs or spas                      tubs or spas                                                 TBD

                                    Property                                                             Type advanced by the servicer is to pay for necessary
97     46   Basic Claim Advances    Preservation Securing          Pools, spas, and hot tubs maintenance maintenance to pools, spas, and hot tubs                     TBD

                                    Property                                                             Type advanced by the servicer is to pay for boarding
98     46   Basic Claim Advances    Preservation Boarding          Boarding - 1/2" plywood               with 1/2" plywood                                            TBD

                                    Property                                                             Type advanced by the servicer is to pay for boarding
99     46   Basic Claim Advances    Preservation Boarding          Boarding - 5/8" plywood               with 5/8" plywood                                            TBD

                                    Property                                                             Type advanced by the servicer is to pay for boarding
100    46   Basic Claim Advances    Preservation Boarding          Boarding - 3/4" plywood               with 3/4" plywood                                            TBD
                                                                                                         Type advanced by the servicer is to take necessary
                                                                                                         actions in compliance with state and federal regulations
                                    Property                                                             with regards to environmental hazards (such as
101    46   Basic Claim Advances    Preservation N/A               Hazard Abatement                      asbestos and radon)                                          TBD

                                    Property
102    46   Basic Claim Advances    Preservation Debris Removal Cubic yards removed                      Total number of cubic yards of debris removed                TBD


      Prepared 06-06-2007                                                     Page 31 of 37                      THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                               U.S. Department of Veterans Affairs (VA)
                                                           VA Loan Electronic Reporting Interface (VALERI)
                                                                   Servicer Reporting Requirements
                                                                            Claim Elements
Row Event     Event
                          Category      Group        Subgroup                 Data Elements                        Business Definition of Data Element                 Data Type
 No.  #       Name

                                      Property                                                             Type advanced by the servicer is to remove debris from
103    46   Basic Claim Advances      Preservation Debris Removal Amount paid per cubic yard               the property, per cubic yard                                  TBD

                                      Property                                                             Type advanced by the servicer is for debris removal
104    46   Basic Claim Advances      Preservation Debris Removal Number of units (1, 2, 3, or 4)          from one unit                                                 TBD
                                                                                                           Type advanced by the servicer is to remove abandoned
                                      Property                                                             vehicle(s) from the property in compliance with state
105    46   Basic Claim Advances      Preservation Debris Removal Vehicle removal                          and local requirements                                        TBD
                        Liquidation                               Liquidation expense item payment         Date payment made for liquidation expense (report for
106    46   Basic Claim Expenses      N/A          N/A            date                                     each liquidation expense incurred on the loan)                TBD
                        Liquidation                               Liquidation expense item payment         Amount paid for liquidation expense (report for each
107    46   Basic Claim Expenses      N/A          N/A            amount                                   liquidation expense incurred on the loan)                     TBD
                        Liquidation   Attorney                                                             Type of expenses incurred by the servicer for legal
108    46   Basic Claim Expenses      Fees         N/A            Attorney fee type                        representation necessary to terminate the loan                TBD
                                                                                                           Type of Type of expenses incurred by the servicer is is
                        Liquidation   Attorney     Attorney fee                                            for necessary legal representation related to terminating
109    46   Basic Claim Expenses      Fees         type            Foreclosure attorney fees               the loan by foreclosure                                       TBD
                                                                                                           Type of expenses incurred by the servicer is for
                        Liquidation   Attorney     Attorney fee                                            necessary legal representation related to terminating
110    46   Basic Claim Expenses      Fees         type            DIL attorney fees                       the loan by deed in lieu of foreclosure                       TBD
                                                                                                           Type of expenses incurred by the servicer is for
                        Liquidation   Attorney     Attorney fee                                            necessary legal representation related to filing for a
111    46   Basic Claim Expenses      Fees         type            Bankruptcy attorney fees - chapter 7    relief of stay in a Chapter 7 bankruptcy proceeding           TBD
                                                                                                           Type of expenses incurred by the servicer is for
                                                                                                           necessary legal representation related to filing for a
                        Liquidation   Attorney     Attorney fee    Bankruptcy attorney fees - chapter      relief of stay in a Chapter 13 or 11 bankruptcy
112    46   Basic Claim Expenses      Fees         type            13/11                                   proceeding                                                    TBD
                                                                                                           Type of expenses incurred by the servicer is for
                        Liquidation   Attorney     Attorney fee                                            necessary legal representation related to filing for a
113    46   Basic Claim Expenses      Fees         type            Bankruptcy attorney fees - multiple     relief of stay in multiple bankruptcy proceedings             TBD

                                                                                                           Type of expenses incurred by the servicer is for legal
                        Liquidation   Attorney     Attorney fee    Ad litem/ curator fees/ warning order   representation appointed by a court to act on behalf of
114    46   Basic Claim Expenses      Fees         type            attorney fees                           another party, which is necessary to terminate the loan       TBD
                        Liquidation   Attorney                                                             Type of expenses incurred by the servicer is for
115    46   Basic Claim Expenses      Fees         N/A             Attorney service tax                    payment of taxes imposed on attorney service fees             TBD
                                                                                                           Type of expenses incurred by the servicer is for
                                                                                                           necessary legal representation related to terminating
                                                                                                           the loan in the event that the initial foreclosure was
                        Liquidation   Attorney                                                             cancelled (not postponed) due to events outside the
116    46   Basic Claim Expenses      Fees         N/A             Attorney fee for foreclosure restarts   servicer's control and must be restarted                      TBD
                        Liquidation
117    46   Basic Claim Expenses      Appraisals   N/A             Appraisal date                          Date appraisal performed                                      TBD

      Prepared 06-06-2007                                                      Page 32 of 37                       THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                                U.S. Department of Veterans Affairs (VA)
                                                            VA Loan Electronic Reporting Interface (VALERI)
                                                                    Servicer Reporting Requirements
                                                                             Claim Elements
Row Event     Event
                          Category       Group       Subgroup                     Data Elements                 Business Definition of Data Element                    Data Type
 No.  #       Name
                                                                                                        Type of expenses incurred by the servicer is to have a
                        Liquidation                                                                     VA-assigned appraiser determine the market value of
118    46   Basic Claim Expenses      Appraisals   N/A              Appraisal type                      the property. Valid values are:                                  TBD
                                                                                                        Type of expenses incurred by the servicer is to have a
                        Liquidation                                                                     VA-assigned appraiser determine the market value of
119    46   Basic Claim Expenses      Appraisals   Appraisal type   Single unit                         the single unit property                                         TBD
                                                                                                        Type of expenses incurred by the servicer is to have a
                        Liquidation                                                                     VA-assigned appraiser determine the market value of
120    46   Basic Claim Expenses      Appraisals   Appraisal type   Duplex                              the two unit property                                            TBD
                                                                                                        Type of expenses incurred by the servicer is to have a
                        Liquidation                                                                     VA-assigned appraiser determine the market value of
121    46   Basic Claim Expenses      Appraisals   Appraisal type   Three units                         the three unit property                                          TBD
                                                                                                        Type of expenses incurred by the servicer is to have a
                        Liquidation                                                                     VA-assigned appraiser determine the market value of
122    46   Basic Claim Expenses      Appraisals   Appraisal type   Four units                          the four unit property                                           TBD
                                                                                                        Type of expenses incurred by the servicer is to have a
                        Liquidation                                                                     VA-assigned appraiser determine the market value of
123    46   Basic Claim Expenses      Appraisals   Appraisal type   Condominium                         the condominium property                                         TBD
                        Liquidation                                                                     Type of expenses incurred by the servicer is for
124    46   Basic Claim Expenses      Appraisals   Appraisal type   Appraisal service tax               payment of taxes imposed on services of appraiser.               TBD
                                                                                                        Type of expenses incurred by the servicer is to have a
                        Liquidation                                                                     court ordered appraisal completed to determine the
125    46   Basic Claim Expenses      Appraisals   Appraisal type   Court appraisal                     market value of the property                                     TBD
                                                                                                        Type of expenses incurred by the servicer is to have a
                        Liquidation                                                                     VA-assigned appraiser travel to the property to perform
126    46   Basic Claim Expenses      Appraisals   N/A              Mileage                             an appraisal                                                     TBD
                                                                                                        Type of expenses incurred by the servicer is to have a
                        Liquidation                                                                     VA-assigned appraiser update the original appraisal of
127    46   Basic Claim Expenses      Appraisals   N/A              Appraisal update                    the property                                                     TBD
                                                                                                        Type of expenses incurred by the servicer is for title
                        Liquidation                                                                     related costs necessary to terminate the loan. Valid
128    46   Basic Claim Expenses      Title        N/A              Title item type                     values are:                                                      TBD
                                                                                                        Type of expenses incurred by the servicer is for search
                                                                                                        of records (performed by title company or attorney)
                                                                                                        prior to a foreclosure sale (to insure a valid foreclosure).
                        Liquidation                                                                      Title searches are done for more than identifying liable
129    46   Basic Claim Expenses      Title        Title type       Initial termination title review    parties and parties with an interes                              TBD
                                                                                                        Type of expenses incurred by the servicer is for a close
                                                                                                        examination of all public records that affect the title to
                                                                                                        the property, including reviewing past deeds, wills, and
                        Liquidation                                 Title updates that occur prior to   trusts to make sure the title has passed correctly to
130    46   Basic Claim Expenses      Title        Title type       termination                         each owner & to verify that all prior m                          TBD



      Prepared 06-06-2007                                                         Page 33 of 37                 THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                                 U.S. Department of Veterans Affairs (VA)
                                                             VA Loan Electronic Reporting Interface (VALERI)
                                                                     Servicer Reporting Requirements
                                                                              Claim Elements
Row Event     Event
                          Category       Group        Subgroup                    Data Elements                       Business Definition of Data Element                     Data Type
 No.  #       Name
                                                                                                              Type of expenses incurred by the servicer is for a
                                                                                                              written commitment from the title company stating the
                        Liquidation                                   Initial termination title               conditions under which they will insure title to the
131    46   Basic Claim Expenses      Title         Title type        commitment/guaranty                     property                                                          TBD
                        Liquidation                                                                           Type of expenses incurred by the servicer is to pay
132    46   Basic Claim Expenses      Title         Title type        Final termination title documentation   required endorsement fees                                         TBD
                        Liquidation                                                                           Type of expenses incurred by the servicer is to pay
133    46   Basic Claim Expenses      Title         N/A               Title service tax                       taxes imposed on title services.                                  TBD
                                                                                                              Type of expenses incurred by the servicer is charged by
                                                                                                              public officials in the property’s area for recording or
                        Liquidation                                                                           filing documents related to the loan obligation. Valid
134    46   Basic Claim Expenses      Filing Fees   N/A               Filing fee type                         values are:                                                       TBD
                                                                                                              Type of expenses incurred by the servicer is charged by
                                                                                                              public officials for the recording or filing of bankruptcy-
                        Liquidation                                                                           related motions (Specifically, the motion for relief of
135    46   Basic Claim Expenses      Filing Fees   Filing fee type   Bankruptcy                              stay)                                                             TBD
                                                                                                              Type of expenses incurred by the servicer is charged by
                        Liquidation                                                                           public officials for the recording or filing of the index
136    46   Basic Claim Expenses      Filing Fees   Filing fee type   Index number                            number                                                            TBD
                                                                                                              Type of expenses incurred by the servicer is charged by
                        Liquidation                                                                           public officials for the recording or filing of notice of the
137    46   Basic Claim Expenses      Filing Fees   Filing fee type   Lis pendens                             filing of a suit                                                  TBD

                        Liquidation                                                                           Type of expenses incurred by the servicer is charged by
138    46   Basic Claim Expenses      Filing Fees   Filing fee type   Summons                                 public officials for the recording or filing of a summons         TBD

                        Liquidation                                                                           Type of expenses incurred by the servicer is charged by
139    46   Basic Claim Expenses      Filing Fees   Filing fee type   Petition                                public officials for the recording or filing of a petition        TBD

                        Liquidation                                                                           Type of expenses incurred by the servicer is charged by
140    46   Basic Claim Expenses      Filing Fees   Filing fee type   Complaint                               public officials for the recording or filing of a complaint       TBD

                        Liquidation                                                                           Type of expenses incurred by the servicer is charged by
141    46   Basic Claim Expenses      Filing Fees   Filing fee type   Judgment                                public officials for the recording or filing of a judgment        TBD
                                                                                                              Type of expenses incurred by the servicer is charged by
                        Liquidation                                                                           public officials for the recording or filing of a request for
142    46   Basic Claim Expenses      Filing Fees   Filing fee type   Request for judicial intervention       judicial intervention                                             TBD
                                                                                                              Type of expenses incurred by the servicer is for a
                        Liquidation                                                                           sworn, written statement, affirming that the property
143    46   Basic Claim Expenses      Filing Fees   Filing fee type   Military affidavit                      owner is not entitled to any rights under the SCRA                TBD
                        Liquidation                                                                           Type of expenses incurred by the servicer is charged by
144    46   Basic Claim Expenses      Filing Fees   Filing fee type   Posting notice of sale                  public officials for the posting of the notice of sale            TBD



      Prepared 06-06-2007                                                          Page 34 of 37                      THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                                 U.S. Department of Veterans Affairs (VA)
                                                             VA Loan Electronic Reporting Interface (VALERI)
                                                                     Servicer Reporting Requirements
                                                                              Claim Elements
Row Event     Event
                          Category       Group        Subgroup                    Data Elements                         Business Definition of Data Element                     Data Type
 No.  #       Name
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation                                                                             public officials for the recording or filing of the affidavit
145    46   Basic Claim Expenses      Filing Fees   Filing fee type   Notice affidavit                          stating that proper notice of sale was posted                     TBD

                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation                                                                             public officials for the recording or filing of the affidavit
146    46   Basic Claim Expenses      Filing Fees   Filing fee type   Notice of publication affidavit           stating that proper notice of sale was published                  TBD
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation                                                                             public officials for the recording or filing of an order
147    46   Basic Claim Expenses      Filing Fees   Filing fee type   Order confirming sale                     confirming sale                                                   TBD
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                                                                 public officials for recording or filing foreclosure
148    46   Basic Claim Expenses      Fees          Foreclosure       Foreclosure recording fee type            documents                                                         TBD
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                       Substitution of trustee (appointment,     public officials for recording or filing the substitution of
149    46   Basic Claim Expenses      Fees          Foreclosure       agreement, or document)                   trustee                                                           TBD
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                                                                 public officials for recording or filing the notice of
150    46   Basic Claim Expenses      Fees          Foreclosure       Notice of default/foreclosure notice      default/foreclosure notice                                        TBD

                        Liquidation   Recording                                                                 Type of expenses incurred by the servicer is charged by
151    46   Basic Claim Expenses      Fees          Foreclosure       Summons                                   public officials for the recording or filing of a summons         TBD

                        Liquidation   Recording                                                                 Type of expenses incurred by the servicer is charged by
152    46   Basic Claim Expenses      Fees          Foreclosure       Judgment                                  public officials for the recording or filing of a judgment        TBD
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                                                                 public officials for the recording or filing of a certificate
153    46   Basic Claim Expenses      Fees          Foreclosure       Certificate of non-redemption             of non-redemption                                                 TBD
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                                                                 public officials for recording or filing the Sheriff's
154    46   Basic Claim Expenses      Fees          Foreclosure       Sheriff's/Trustee's certificate of sale   certificate of sale                                               TBD
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                       Assignment of sheriff's/trustee's         public officials for recording or filing the assignment of
155    46   Basic Claim Expenses      Fees          Foreclosure       certificate of sale                       the Sheriff's certificate of sale                                 TBD
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                       Foreclosure deed (sheriff's, trustee's,   public officials for recording or filing of the deed
156    46   Basic Claim Expenses      Fees          Foreclosure       referee's, or commissioner's deed)        following foreclosure                                             TBD
                                                                                                                Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                                                                 public officials for recording or filing the assignment of
157    46   Basic Claim Expenses      Fees          Foreclosure       Assignment of sheriff's/trustee's deed    the deed following foreclosure                                    TBD

                        Liquidation   Recording                                                                 Type of expenses incurred by the servicer is charged by
158    46   Basic Claim Expenses      Fees          Foreclosure       Deed to VA                                public officials for recording or filing the deed to VA           TBD


      Prepared 06-06-2007                                                          Page 35 of 37                         THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                                   U.S. Department of Veterans Affairs (VA)
                                                               VA Loan Electronic Reporting Interface (VALERI)
                                                                       Servicer Reporting Requirements
                                                                                Claim Elements
Row Event     Event
                          Category       Group         Subgroup                  Data Elements                       Business Definition of Data Element                Data Type
 No.  #       Name
                                                                                                             Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                                                              public officials for recording or filing deed in lieu of
159    46   Basic Claim Expenses      Fees           DIL              DIL recording fee type                 foreclosure documents                                        TBD
                                                                                                             Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                                                              public officials for recording or filing the deed from
160    46   Basic Claim Expenses      Fees           DIL              Warranty deed from owner to holder     owner to holder                                              TBD
                                                                                                             Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                                                              public officials for recording or filing the estoppel
161    46   Basic Claim Expenses      Fees           DIL              Estoppel affidavit                     affidavit                                                    TBD

                        Liquidation   Recording                                                              Type of expenses incurred by the servicer is charged by
162    46   Basic Claim Expenses      Fees           DIL              Deed to VA                             public officials for recording or filing the deed to VA      TBD
                                                                                                             Type of expenses incurred by the servicer is charged by
                        Liquidation   Recording                       Deed of reconveyance/full release/     public officials for recording or filing the deed of
163    46   Basic Claim Expenses      Fees         DIL                satisfaction of mortgage               reconveyance/full release                                    TBD
                        Liquidation   Foreclosure                                                            Type of expenses incurred by the servicer is charged by
164    46   Basic Claim Expenses      Facilitation N/A                Foreclosure facilitation fee type      public officials to facilitate the foreclosure process       TBD

                        Liquidation   Foreclosure                     Sheriff's/ administrator/ commissioner Type of expenses incurred by the servicer is charged by
165    46   Basic Claim Expenses      Facilitation   N/A              fees and costs (includes court costs)   public officials to facilitate the foreclosure process      TBD
                        Liquidation   Foreclosure                                                             Type of expenses incurred by the servicer is to pay the
166    46   Basic Claim Expenses      Facilitation   N/A              Trustee/ referee/ master in equity fees trustee/referee/master in equity for fees charged           TBD
                        Liquidation   Foreclosure                                                             Type of expenses incurred by the servicer is to pay the
167    46   Basic Claim Expenses      Facilitation   N/A              Auctioneer's fee                        auctioneer to conduct the foreclosure sale.                 TBD
                        Liquidation   Foreclosure                                                             Type of expenses incurred by the servicer is to pay the
168    46   Basic Claim Expenses      Facilitation   N/A              Court recorder fee                      court recorder for recording services.                      TBD
                        Liquidation   Foreclosure                                                             Type of expenses incurred by the servicer is to pay the
169    46   Basic Claim Expenses      Facilitation   N/A              Prothonotary/ clerk's fee               prothonotary/clerk for fees charged                         TBD
                        Liquidation   Foreclosure                                                             Type of expenses incurred by the servicer is to pay the
170    46   Basic Claim Expenses      Facilitation   N/A              Attorney notary fee                     prothonotary/clerk for fees charged                         TBD
                        Liquidation   Other Fees                                                              Type of expenses incurred by the servicer is to pay for
171    46   Basic Claim Expenses      and Costs      N/A              Other fees and costs                    any liquidation Expenses not previously listed              TBD
                                                                                                              Type of expenses incurred by the servicer is to pay for
                        Liquidation   Other Fees                      Publication of sale/ advertisement in   publication/advertisement of the notice of sale in an
172    46   Basic Claim Expenses      and Costs      N/A              newspaper or on the internet            appropriate newspaper.                                      TBD
                                                                                                              Type of expenses incurred by the servicer is to pay for
                        Liquidation   Other Fees                      Personal service (sheriff or private    fees charged to personally serve papers on any
173    46   Basic Claim Expenses      and Costs      Service          entity)                                 necessary party of interest                                 TBD
                                                                                                              Type of expenses incurred by the servicer is to pay for
                        Liquidation   Other Fees                                                              fees charged to serve legal notice on any necessary
174    46   Basic Claim Expenses      and Costs      Service          Service by publication                  party of interest by publication                            TBD
                                                                                                              Type of expenses incurred by the servicer is to send
                        Liquidation   Other Fees                                                              required notices by certified mail to all parties of
175    46   Basic Claim Expenses      and Costs      Service          Service by certified Mail               interest.                                                   TBD

      Prepared 06-06-2007                                                          Page 36 of 37                     THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE
                                                                 U.S. Department of Veterans Affairs (VA)
                                                             VA Loan Electronic Reporting Interface (VALERI)
                                                                     Servicer Reporting Requirements
                                                                              Claim Elements
Row Event     Event
                          Category      Group        Subgroup                   Data Elements                      Business Definition of Data Element                 Data Type
 No.  #       Name
                        Liquidation   Other Fees                                                           Type of expenses incurred by the servicer is to pay the
176    46   Basic Claim Expenses      and Costs    Service          Investigation fee related to service   investigator for fees charged                                 TBD
                                                                                                           Type of expenses incurred by the servicer is to pay for
                        Liquidation   Other Fees                                                           any liens that are not extinguished by the foreclosure
177    46   Basic Claim Expenses      and Costs    N/A              Non-extinguishable liens               action                                                        TBD
                                                                                                           Fees and costs incurred by the servicer to convene the
                        Liquidation   Other Fees                                                           committee to confirm the sale when there is equity
178    46   Basic Claim Expenses      and Costs    N/A              Committee fees and costs               and/or IRS liens                                              TBD
                        Liquidation   Other Fees                                                           Type of expenses incurred by the servicer is for the
179    46   Basic Claim Expenses      and Costs    N/A              Transfer tax/ documentary stamps       state or local tax payable upon the transfer of a title.      TBD
                        Liquidation   Other Fees                                                           Type of expenses incurred by the servicer is to obtain a
180    46   Basic Claim Expenses      and Costs    N/A              Municipal lien certificate             municipal lien certificate                                    TBD
                                                                                                           Type of expenses incurred by the servicer is to inspect
                        Liquidation   Other Fees                                                           for and certify compliance with Title V septic
181    46   Basic Claim Expenses      and Costs    N/A              Title V septic (Mass.)                 requirements                                                  TBD
                                                                                                           Fee charged by the court for handling the funds
                        Liquidation   Other Fees                                                           received from the sale of the property for third party
182    46   Basic Claim Expenses      and Costs    N/A              Poundage                               bids                                                          TBD
                                                                                                           Type of expenses incurred by the servicer is to notify
                                                                                                           every party holding a legally protected property interest
                        Liquidation   Other Fees                                                           whose name and address can reasonably be determined
183    46   Basic Claim Expenses      and Costs    N/A              Mennonite notices                      by diligent efforts                                           TBD
                        Liquidation   Other Fees   Property                                                Months, days, years, property inspections were
184    46   Basic Claim Expenses      and Costs    Inspections      Dates inspections completed            completed.                                                    TBD
                        Liquidation   Other Fees   Property                                                Type of expenses incurred by the servicer is to pay fees
185    46   Basic Claim Expenses      and Costs    Inspections      Property inspection amount             charged for required property inspections                     TBD




      Prepared 06-06-2007                                                       Page 37 of 37                      THIS DISCUSSION DRAFT IS SUBJECT TO CHANGE

				
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Description: Date on the Deed of Sale Is Earlier Than the Date of Power of Attorney document sample