CREFC Releases Investor Reporting Package, Version 8.4
March 19, 2024
What’s new: CREFC has published Version 8.4 of its Investor Reporting Package™ (IRP).
Why it matters: The Committee has completed reviews and updates to the IRP in the following areas:
- Update to the Inspection Best Practice, modernizing to current references
- Alignment to the MBA Standard Property Inspection Report recently updated
- Conforming changes to the definitions of the existing grading scale to align with the MBA standard property inspection report grading
CREFC thanks the IRP Working Group: CREFC would like to recognize the work of the committee members, with special thanks to Heather Wagner of SS&C Technologies for guiding these discussions.
What's next: The IRP Committee will continue with the following as ongoing or upcoming workstreams:
- Subservicer to Master Servicer Remittance Report;
- Exploring additional fields to add visibility into floating-rate resets and changes; and
- CRE CLO ongoing reporting.
Call to action: CREFC member investors and other users of the IRP are invited to submit items for consideration and join the committee. Contact info@crefc.org with your thoughts, suggestions, and interest to join this important committee.