About the Investor Reporting Package (IRP)
The CRE Finance Council Investor Reporting Package (CREFC IRP) is a transparent, standardized set of loan, property, bond and deal level information including numerous report format standards. It also includes guidelines and methodologies to be used in connection with the loan administration required to aggregate and ultimately report all such information.
These standards have evolved under the direction of the CREFC Investor Reporting Committee based on feedback from industry stakeholders, which have included Servicers, Certificate Administrators, commercial and investment banks, rating agencies, insurance companies, traders, B-piece buyers and investors. This evolution began with the initial CSSA 100 published in 1996 and has grown to the current CREFC IRP, Version 8.0. Version 8.0 is further supplemented by several interim updates, superseding specific areas within the CREFC IRP, Version 8.0.
A detailed Introductory Guide of the CREFC IRP is available under the Resources section of this website. The primary goal of the Introductory Guide is to assist IRP consumers in better understanding the overall structure of the IRP, what information is available, how it may be derived and where they can find it in the IRPs prepared by the Servicer or Certificate Administrator.