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The main purpose of this non-database-updating, monthly DNAapp is to produce a remittance extract file that can be transmitted to Massachussetts Housing Finance Authority (MHFA) for remittance reporting on cutoff day.
A report is also generated that provides a summary of the information on the extract file. This application assists institutions in reviewing the information being sent to MHFA. While other investor reports provide information about loans sold to MHFA, this is the only program capable of producing a file to be sent directly to MHFA. This DNAapp is something just for institutions in Massachussetts.
Key Benefits
- On cutoff day, this application captures all information required by Massachusetts Housing Finance Authority for remittance reporting
- Provides both a report and extract file
- When run in updating mode, the extract file can be sent directly to MHFA (contact MHFA for authority)
When the application is run in update mode, the MHFATAPE.txt extract file is created in the current posting date?s folder at the location indicated by the BankOptionValue in the existing BankOption „EXTT?. The extract file can be sent directly to Massachusetts Housing Finance Authority. Contact Massachusetts Housing Finance Authority for authorization.
This batch report does not have any required parameters, if parameters are not set it takes default values as shown in parameter default section and displays re-calculated parameter values under heading “REPORT PARAMETERS AFTER CALCULATING BLANK PARAMETERS."
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This DNAapp is compatible with DNA 3.0 or higher. You will need to download and install the Configuration Toolkit which will configure DNA to load and manage DNAapps. This toolkit is included in the DNA release CD since DNA 3.3 and will be updated here whenever a more recent release is available.
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