MCODES Fee Draft Notices

This application posts commitment fee draft notices for loans purchased in the Multifamily Committing and Delivery System (MCODES) and fee notices of funds being drafted on deals in the Multifamily Structured Facility Management System (MSFMS).

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Draft notices are made available in the afternoon the business day before the draft will occur. The notice details include the total draft amount as well as other information such as the seller/servicer number, bank name and account number to be drafted, and a deal level breakdown of the amount to be drafted by either commitment number or pool number.

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