Invoicing REO Broker

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Invoice Wizard Fields

Fields on page 5 of the invoice wizard depend on the department you select on page 4 and the property state. Some fields are required.

Asset #

The loan must currently exist and be eligible for invoices. You can use the Look up option to search for the loan by asset number or loan number.

The relevant loan information appears for you to confirm. You can use the Recommend a Loan Data Change link to make corrections.

Broker Ref #

Provides the ability to enter a reference number you might track internally and provides another way to locate the invoice.

Department

Department selection drives the invoice. You must select the appropriate department to avoid the risk of invoice denial because of inaccuracy. The department type determines the other parts of the invoice.

Invoice #

Enter the invoice number in this field. Invoice numbers can be up to 25 characters in length. Servicers may require you to enter invoice numbers in a certain format. Check with your servicers to confirm invoice number requirements.

Invoice Type

The invoice type determines many other parts of the invoice.

Loan #

The loan must currently exist and be eligible for invoices. You can use the Look up option to search for the loan by asset number or loan number.

The relevant loan information appears for you to confirm. You can use the Recommend a Loan Data Change link to make corrections.

4786_note Your ability to use the Recommended Loan Data Change option depends on servicer settings.

Loan Type

Choose the loan type associated with the loan number.

Recommend a Loan Data Change

The Recommend a Loan Data Change link enables you to submit a request to the servicer to change loan data such as loan type, borrower name, address, city, state, and zip code.

Servicer

Select the servicer from the list. You see only the servicers with whom you do business.

Vendor Ref #

Provides the ability to enter a reference number you might track internally and provides another way to locate the invoice.

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