Year End 2021

Articles

Training Videos - Year End Statements for 2021
Click this link to view the Year End for 2021 Interim Servicing Training Video: Click Here for Interim Year-End Training Video Click this link to view the Year End for 2021 Retained Servicing Training Video: Click Here for Retained Ye...
Fairway Tax ID Number (TIN)
Fairway Interim Servicing Lender TIN (Tax Identification Number): 76-0503625 Fairway Retained Servicing (ServiceMac)  Lender TIN (Tax Identification Number): 76-0503625 ...
Form 1098 Year End Statement - General Information
Fairway generates and mails 1098 Mortgage Interest Statements to customers who paid dollar amounts toward Interest, Points Paid at Origination (purchase loans, not refinances) and/or M ortgage Insurance during 2021 (including originations prelimi...
Form 1098 Year End Statement - Names and TIN Numbers
Payer's/Borrower's Name:  Names of the borrower and coborrower as listed on FICS will be printed  Fairway is unable to change the order of the names as they appear on the 1098 statement, as within compliance with IRS guid...
Form 1098 Year End Statement - Points
Mortgage points are funds paid at the time of origination of the loan to reduce the interest rate.  Each point bought cost 1% of the mortgage amount.   Example:  One point on a $200,000.00 mortgage would cost $2,000.00   ...
View Encompass Year End Documents not in FICS
Follow the steps listed below to view and retrieve image copies of the 1098 and 1099-INT documents for loans that originated in encompass but did not board to FICS. This Process Must Be Performed Inside Citrix – This Process Will not w...
Year End Data on FairwayNEXT.com
Customers whose loans boarded to FICS may view and print a pdf version of their 1098 Year End Statement on  www.FairwayNEXT.com   as of January 18, 2022.   Customers whose loans did not board to FICS (Encompass only) may v...
Bond and Correspondent Loans - 1098 Year End Statements
Some Bond and Correspondent Loans do not board to FICS, and images of these 1098 Year End Statements are not available in Radstar. To request a copy of a 1098 Statement for these customers, follow the steps listed below: Interim Servici...
1099 Pro Procedures Document
This procedure, and access to the 1099 Pro Web Portal is for use by management only. Access the 1099 Pro Web Portal: https://hosting-cs.1099pro.com/ Input Username and Password Input Google authenticator code, then ...
Correspondent Loans - Key Points for Year End
If the Encompass Loan Info Channel (Field 2626)  says “Correspondent”, the loan is a correspondent loan.   Interest, MI and Points Collected at closing are not reported by Fairway, however some payments may be. Poin...
1099-C Statements
1099-C statements have been generated and mailed to approximately 200 customers.   These statements generate when cancellation of debt occurred during the 2021 calendar year. 1099-C Explanation With interim servicing, 1099-C stat...
1099-INT Statements
1099-INT statements have been generated and mailed to approximately 12,650 interim serviced customers for 2021.       IRS guidelines advise a 1099=INT is required interest in an amount of $10.00 or greater was paid to customers ...
Tax Advice - IRS Website
Customers may ask questions about how to file their taxes using the information provided or may ask questions about IRS policies or filling out IRS forms.   We are unable to provide advice or guidance on how to file taxes. Refer cu...
View Year End Data in FICS
View the dollar amounts that will appear on the 1098 Mortgage Interest Statement Select:  Year End >>>  Year-End Correction Processing Confirm the date in the Year Processed field displays 2021. Dollar amounts...
Wisconsin Tax Option - 2021
Under State Law, Wisconsin customers may select for their mortgage servicer to disburse a check from their escrow account to pay property taxes that is made payable to both the customer and the tax collector.   This check will be mailed to...