INDUSTRY FIELD GUIDE
Real estate lender payoff records for AI evaluation
A principal balance and a payoff quote are different records.
NAICS 522292 · Real Estate Credit
A principal balance and a payoff quote are different records. CFPB explains that a payoff amount can depend on when the obligation is paid and the items included in the quote. A real estate lender can test whether an assistant recognizes the stated quote window without producing new payoff instructions. CFPB payoff amount explanation
Invent a loan ID, a period-end statement, and a payoff quote with an explicit good-through date. Add a later quote for a similar loan. Ask which document is relevant on the exercise date, which amounts are documented, and whether staff must obtain a fresh quote. An expired quotation should remain visible with its actual status. Score dates and record type separately.
Omit borrower identities, property addresses, settlement information, confidential pricing, payment instructions, and account records. Have an authorized reviewer verify the fictional timeline.
Describe a payoff evidence benchmark
Original Fiund exercise
A balance statement is not a payoff quote and an expired quote remains expired
An invented loan fixture contains arbitrary practice amounts without a property, borrower, usable account reference or payment instruction.
| Record | Source | What it records |
|---|---|---|
| PQ1 | Period statement | Loan L-A, day 1 principal balance 500 practice units. Record class balance statement. |
| PQ2 | Quote Q-A | L-A payoff quote 512 units, expressly good through day 10. No extension or later L-A quote supplied. |
| PQ3 | Review date and other quote | Requested date day 12. Quote Q-A2 for distinct loan L-A2 is 515 units, good through day 15. |
Question for the model
Which amounts are documented for L-A, and does the packet provide a current day-12 payoff quote for that loan?
Show the reference answer and checks
PQ1 documents L-A's day-1 principal balance of 500 practice units. PQ2 documents a separate 512-unit payoff quote valid through day 10, so it is expired for PQ3's day-12 review. Q-A2 belongs to another loan and cannot extend L-A's quote. The supplied packet therefore lacks a current L-A payoff quote; request fresh authorized evidence rather than treating the principal balance or similar-loan figure as a replacement.
- Substituting principal balance for a date-specific payoff amount.
- Extending an expired quote by using another loan's later good-through date.
Fields to preserve
- Loan alias and record class
- Distinguishes balance from quote.
- Quote amount and good-through date
- Defines the stated validity window.
- Exercise date and renewal evidence
- Supports the current-status finding.
Test another case
Move the requested date to day 9. Require Q-A to be identified as within its stated window without generating payment instructions.
Use original fictional statements. Exclude settlements, private pricing, actual account data and all money-movement instructions.
Discuss a contribution
Describe the sources you control, the task they could support and what has already been checked. Use the existing-data assessment for an archive or the collection brief for a new recording project. The contributor agreement defines Fiund’s licensing authority and compensation. A guide or fictional exercise does not establish an accepted collection or a sale.