Expense Code Details

The Expense Code Details page can be accessed by selecting a hyperlinked expense code on the Expense Codes Tab.  This page is read-only (non-editable) allowing both Servicers and MI Companies to view information around an existing expense code. Click here for a detailed description of each data field on the Expense Code Details page.

A notification and approval process for new expense codes has been added into the Total MI Claims tool providing MI Companies with the ability to review and confirm the details around a new expense code via the Expense Code Details page. MI Companies can find more information around this process in the New Expense Code Workflow section.

Note: Servicers will not have access to the new expense code workflow, but can view existing expense code information via the Expense Code Details page.

Expense Code Details Data Fields

The table below provides a brief description of each data field found on the Expense Code Details page.

Fields display dashes (--) if there is no data associated with the particular claim.

	Data Field:	Field Type:	Description:
		Button	Select the Back  button to return to the Expense Management page:
1.	MI Company Name	Alpha	The name of the mortgage insurance company from which the private mortgage insurance coverage was obtained.
2.	Product	Text	Indicates the product type.  Note: Currently, the only product type that displays in this field is Primary.
3.	Decision By	Text	The name or ID of the user that approved the expense category in the Total MI Claims tool.
4.	Decision Date	Date (mm/dd/yyyy)	The date the expense category was approved in the Total MI Claims tool.
5.	Expense Code	Numeric	The six-digit identifying code for the expense.  Refer to Guide Exhibits 57, 57A and 74 for a complete list of the numeric expense codes.
6.	Definition	Text	Details the type of cost an expense code represents.
7.	Expense Category	Text	Specifies the broad category into which individual expense claim types may be grouped.  Values that may display include:  Expense Category: Description: Attorney Fees Examples include, but are not limited to: Trustee/Attorney Fees and Non-Judicial Foreclosure Trustee Fees. Escrow Account Balance Examples include, but are not limited to: Escrow Refund and Escrow at Default. Hazard Insurance Premiums Examples include, but are not limited to: Hazard Insurance and Forced Placed Hazard Insurance. Insurance Proceeds Examples include, but are not limited to: Hazard Insurance Proceeds and MI Proceeds. Net Rental Proceeds Examples include, but are not limited to: Leasing Fee and Rental Income. Other Deductions Examples include, but are not limited to: Hazard Insurance Proceeds and MI Proceeds. Other Disbursements Examples include, but are not limited to HOA Dues and Municipal Lien Search Fees. Pledged Savings Buydowns Examples include, but are not limited to: Redemptions and Referral Fees. Property Preservation Cost Examples include, but are not limited to: Sewer and Water Bills. Property Taxes Examples include, but are not limited to: County Taxes and Tax Proration Charges. Statutory Disbursements Examples include, but are not limited to: Bankruptcy Court Filing Fees, Foreclosure Court Filing Fees and Recording Fees.
8.	Applicable	Yes/No	Indicates whether the expense code is claimable with the MI company. This field displays either a Yes or a No.  If the Field Displays Then: Yes The expense code is claimable with the MI company. No The expense code is not claimable with the MI company.
9.	One Time Coverage	Yes/No	Details whether an expense code will only be covered once by an MI company, regardless of there being multiple line items with the same expense code.
10.	Eviction Flag	Yes/No	Determines whether an expense code is applicable for calculation dependent on the eviction status of the loan.
11.	Claim Effective Date	Date (mm/dd/yyyy)	The effective date for the claim.
12.	Cap Type		Displays whether the cap type applied to an expense code is based on dollar amount, percentage or is not applicable.
13.	Additional Documentation Required	Yes/No	Indicates whether additional documentation is required. This field displays either a Yes or a No.  If the Field Displays Then: Yes Additional documentation is required. No Additional documentation is not required.
14.	Expense Code Description	Text (256 character limit)	Provides a brief definition of the paid services associated with the expense codes.
15.	Justification	Text (256 character limit)	Provides the reason why an expense code was required and approved.

 

This information is not a replacement or substitute for the requirements in the Freddie Mac Single-Family Seller/Servicer Guide or any other contractual agreements. This information does not constitute an agreement between Freddie Mac and any other party. © 2025 Freddie Mac.

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