Property Preservation Invoice Processing

Created: 04/16/2010

Scenario 3:
Notified by
external party that NFR: Input loan
property has NFR receives level detail on Monthly Invoice
preservation notification that Fiserv that for Property
issues loan needs property Inspections
property inspection was
preservation performed
Scenario 2: Terri Marinella Property Inspection
Borrower advises performed by NFR
that property has
been abandoned TM: Property Inspection
Invoice
$11-15(save invoice in
Property borrower scanned folder
Scenario 1: 45 days Inspection Flag on the O:drive)
Borrower stops delinquent trigger turned on
making Payment in Fiserv Fiserv Screen:
Field Inspection

TM: Receive Final

Inspection results Is estimates within Invoice from NFR(save
Terri Marinella Terri Marinella TM: Request NFR
show property insurer allowable invoice in borrower
requests Property reviews estimate to perform
vacated or limits? YES scanned folder on the
Preservation and compares to property
preservation O:drive)
Estimate Insurer Allowables preservation work
issues

NO
TM: Approval received
from insurer(save
TM: Request approval in borrower
approval from scanned folder on
appropriate MI O:drive)
company

TM: Input Invoice

TM: Confirm Final
Billed in Fiserv as Fee Code 100
Invoice Matches
DRM for each loan $ $ Fiserv Screen:
Estimate
Post Fees

Brian Johnson