FHLB Boston Res Loan Listing Extract

Single file format for FHLB Boston that is used to allow customers to submit the required data for pledging residential collateral to FHLB Boston. This is the One-to Four Family Residential Mortgage Input File Format layout designed by the FHLB Boston.

Benefits

Financial Institutions who are members of the Federal Home Loan Bank of Boston (FHLB Boston) can pledge Owner-Occupied 1-4 Family Residential Collateral through the financial institution's listing service as opposed to using its Qualified Collateral Report (QCR).

This DNA® application facilitates the listing process by automatically identifying eligible loans and extracting the required data from DNA® into a file that can be submitted to FHLB Boston. The FHLB Boston Res Loan Listing Extract DNAapp eliminates the time required to manually identify eligible loans and assemble the necessary data for each, enabling users to take advantage of the financial institution's listing service more efficiently and accurately.

Using this DNAapp to list residential loan collateral with FHLB Boston is simpler, faster and more reliable than manually completing the QCR.

• Automated process saves time and reduces the opportunity for error
• Allows FHLB Boston to derive collateral discounts based on the unique characteristics of your portfolio, which may result in lower collateral discounts (haircuts) and additional borrowing capacity
• Easier to submit than a QCR, allowing you to update your borrowing capacity more frequently
• More stable borrowing capacity based on more accurate and reliable information
• Can streamline your mandatory annual FHLB Boston audit review

Inaccurate QCRs may overstate eligible collateral and values – use this DNAapp to increase accuracy and save time by listing your Owner-Occupied 1-4 Family Residential Collateral with FHLB Boston whenever you want to update your borrowing capacity.