Cash Loan Drafting Application
Multifamily application or successor system, where you review, update, and certify amounts for Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! to draft from your bank accounts via ACH ACHElectronic Automated Clearing House network for processing U.S. banking transactions. for monthly P&I P&IPrincipal and interest and payoff remittances for:
- Cash Mortgage Loans Cash Mortgage LoansMortgage Loan purchased by Fannie Mae in exchange for cash. ; and
- PFP Mortgage Loans PFP Mortgage LoansMortgage Loan originally purchased as a Cash Mortgage Loan or held in Fannie Mae’s portfolio, but subsequently securitized as an MBS. .