If SMDU provides an “MBS Pool Identifier” then you know the loan is in a pool and will need to be removed prior to closing out the case.
- Note: Servicers wishing to modify a loan should make a manual reclass request if the loan has not been scheduled for automatic reclassification.
To reclassify the MBS loan in the current month, you must make the manual reclass request between the 16th calendar day of the previous month and the 15th calendar day of the current month. The MBS loan will be moved from scheduled/scheduled to actual/actual effective the 1st business day of the following month.
Manual reclass requests must be completed in HSSN. This You can access the HSSN Manual Reclass Request job aid by clicking on the following URL:
For additional information review the Evaluate for a Workout section of the SMDU UI User Guide.