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Shared Loss Reporting System (FDIC)

Generate supporting documents for the FDIC

The Shared Loss Portal significantly reduces the effort required to submit loss data to the FDIC. Adhering to file specifications mandated by the FDIC, the portal simplifies the reporting process by helping to reduce errors and also helps assist in FDIC audits. With its interactive screens, users can review individual contract data and view all associated expenses. One consolidated system supports single-family and non-single-family reporting requirements.

Loan Summary Screen

loan Shared Loss Reporting System (FDIC)

The Shared Loss Portal is developed using ASP.Net/Oracle DB. It can be delivered as a cloud or on-premises solution.

Commercial – Non-Single Family Commercial (NSF)

Each reporting period, users will upload a trial balance file detailing current loan balance information. The portal will use this, in conjunction with the prior reporting period, to produce sections 2 and 3 of the required certificate. The portal also enables uploading of expense information and will not report expenses until a charge-off has been reported.

Along with the certificate, the following files are produced:

  • Active loan file
  • Inactive loan file
  • Asset sale file
  • Loss and recoveries file
  • Other real estate listing file
  • Paid-in-full file

Residential – Single-Family Residential (SFR)

Each reporting period, users will upload a trial balance file detailing current loan balance information. The portal will use this, in conjunction with the prior reporting period, to produce sections 2 and 3 of the required certificate. The portal also enables uploading of expense information and will not report expenses until a charge-off has been reported.

Along with the certificate, the following files are produced:

  • Active loan file
  • Charge-off loss file
  • Foreclosure loss file
  • Inactive loan file
  • Loan sales file
  • Other real estate listing file
  • Paid-in-full file
  • Recoveries and expenses
  • Short-sale loss file