Neighborhood Watch's Servicing Features

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The Neighborhood Watch system is a web-based software application that displays loan performance data for lenders, by loan types and geographic areas using FHA-insured (and pipeline) single family loan information. Servicing data was added in March 2002, and more enhancements for servicers were added in July, 2003. Below are highlights of some of the servicing features available for lender self-monitoring.

The Servicing Menu Option Offers:

	Portfolio Summary - An overview of a servicer's portfolio of FHA insured loans.
	Portfolio Summary by Originator - The view of a servicer's portfolio of FHA insured loans segregated by originator.
	Loss Mitigation - Current Defaults Reported - Highlights the use of HUD's loss mitigation tools.
	Loss Mitigation - Incentive Claims Paid - A one-year snapshot of the total number of loss mitigation incentive claims paid by HUD.

The Queries Menu Option Offers:

	Case Status - displays a variety of information about an FHA case number (both insured and pipeline), from case number issue date through the REO sales date, and profit or loss to the government (when applicable). Also included is a default history and Part A and B Claim information.
	Default Reporting - displays delinquent loan counts and loan details by report day and month, for the servicing lender that reported to the Single Family Default Monitoring System (SFDMS).
	Late Endorsement - displays FHA insured loans where HUD received the endorsement package more than 60 days from the closing date (based on lender that received the Mortgage Insurance Certificate).
	Late UFMIP - displays FHA insured loans where the Upfront Mortgage Insurance Premium (UFMIP) was paid to HUD more than 15 days from the closing date.
	HUD Pipeline/Uninsured - displays uninsured loans where HUD received the Upfront Mortgage Insurance Premium.

The Neighborhood Watch system has an extensive Help feature. Please review the help menu if you have any questions.