Request Draft
Overview
You may submit a Draft Request (DRAFTReq) through the Resolve® user interface (UI) and the Retention application programming interface (API) with limited data to determine whether the loan is eligible for review of a Retention workout. When sending a Draft Request, the borrower is under consideration for a Flex Modification however additional information is required. This request can be leveraged as a "test" to determine if the requested workout is a viable option for a borrower. Draft requests are optional.
Draft requests are not applicable to Custom Modifications and Bankruptcy Cramdowns.
Resolve will render an Eligible for Draft or Ineligible for Draft status.
| If Resolve renders: | Action: |
| Eligible for Draft | Proceed with request for a Trial Period Approval |
| Ineligible for Draft | Update the file and re-submit or request a Cancellation |
Submit loan data through the Resolve UI upload functionality using the Freddie Mac provided Flex Modification Template. Refer to the Request Flex Modification Workout section for the process steps to submit a Draft Request.
Use the metadata tab of the Flex Modification Template to identify the required, conditional, or optional and non-applicable data fields to build your file.(e.g., Freddie Mac loan is a required field for the submission of a Draft Request for all workout programs).
Note: Exception Review does not apply to a 'Draft' request. If the user submits a 'Draft' request with an exception review indicator populated with a 'Y' (Yes), which indicates that it is an exception review request, a message is returned directing the user to submit an exception review request (if applicable) beginning with the 'TPAReq (Trial Period Approval).
Proactive Flex Modification Solicitation
When evaluating borrowers for a proactive Flex Modification offer, Servicers must ensure the terms included in the proactive offer do not change before the time for acceptance of the offer has elapsed. To this end, Servicers must use Trial Period Approval Request (TPAReq) to determine the terms of the proactive offer.
Should a borrower not accept the proactive offer, Servicers must ensure they cancel the workout in Resolve on or before the third business day of the month following the month of the trial period start date.
The terms of a proactive offer for Flex Modifications must be established using TPAReq. Servicers must not use draft request (DRAFTReq) when evaluating borrowers for a proactive Flex Modification offer. Should Servicers base a proactive Flex Modification offer using draft request and the terms change prior to settlement, the Servicer must settle the workout as an exception using the terms provided in the proactive offer. Servicers may leverage DraftReq to determine if a requested workout is a viable option for a borrower.