Learn

CRE Finance Council Investor Reporting Package (CREFC IRP™) Version 8.0

Version 8.0 of the CRE Finance Council Investor Reporting Package has been adopted, as of February 3, 2016.

Implementation Timing: The Effective Date is September 30, 2016.

**Please note that the PDF is the official version of the IRP.

The IRP now consists of the data files, supplemental reports and best practices as outlined below:

• Version 8.0 Change Matrix
• IRP Legend
• IRP Online Legend: Special Servicers, Master Servicers, Certificate Administrators, and Trustees
• Data Dictionary
• Loan Setup, Loan Periodic Update, Property, and Financial Files (Category Code Matrix), Financial File (Financial File Specifications) 
• Special Servicer Loan File
• Special Servicer Property File
• Bond Level and Collateral Summary Files
• Schedule AL File
• Servicer Watchlist and Portfolio Review Guidelines
• Delinquent Loan Status, REO Status, Comparative Financial, Historical Loan Modification/Forbearance and Corrected Loan Report, Loan Level Reserve/LOC Report, Total Loan Report, Advance Recovery Report
• Operating Statement Analysis Report, Net Operating Income Worksheet, Master Coding Matrix
  
• Appraisal Reduction Template
• Servicer Realized Loss Template and Sample Report
• Reconciliation of Funds Template
• Historical Bond/Collateral Realized Loss Reconciliation Template and Sample Report
• Historical Liquidation Loss
• Interest Shortfall Reconciliation Template
• Servicer Remittance to Certificate Administrator Template, Field Descriptions and Sample
• Significant Insurance Event Report Template (Includes Form Key)
• Loan Modification Template with sample information
• Loan Liquidation Template with sample information
• REO Liquidation Template with sample information
• Posting Instruction Templates (Payment Posting, Modification Posting, Assumption Modification, Capitalized Amounts/Non-recoverable Trust Expense)
  

Best Practices

• Property Inspection Reporting Best Practices
• File Naming Best Practices
• 1099 Tax Reporting Best Practices
  • Contact List for 1099 and other Tax Reporting
  • Pre-Year End 1099 A and C Data Scrub letter
  • Form 1099-A Example Of Pre Year End File Sent By MS To SS
  • Form 1099-C Pre Year End Of Example Of File Sent By MS To SS
  • 1099 A and 1099C Templates
  • 1099 Tax Reporting Reference Sheet and Frequently Asked Questions
• Loan Modification/Forbearance Best Practices
• Loan and REO Liquidation Reporting Best Practices
  • Liquidation Reports On Certificate Administrator Websites
  • Master Servicer Certificate Administrator Email Addresses
• Excess Liquidation Proceeds Reporting Best Practices
• Operating, Occupancy and Other Information Receipt, Analysis and Distribution Best Practices
  • Special Serviced Loan/REO – Operating and Occupancy Information Submission Report
  • Special Serviced Loan/REO – Operating and Occupancy Information Receipt Report
  • Operating Information Contact List
• Best Practices related to Special Servicer Transfers
• CREFC IRP Servicer Watchlist Implementation Guideline
• 17g-5 Best Practices: Communication Mechanics under Pooling and Servicing Agreements
• Special Servicer Property File Best Practices

Guidance for Specific Situations

• Defeasance and Partial Defeasance
• Substitution
• Partial Release
• B Notes and Realized Loss Reporting