Includes changes, scheduled for May 20, in support of HomeSaver Solutions Network (HSSN) support of flex modification functionality and short sale and mortgage release (deed in lieu) general upates.
This course explains a four step process to manage loss mitigation. Updated with the current Loan Workout Hierarchy and resources to help you get the best possible outcome for your borrower and Fannie Mae.
This course is designed for servicers, specialist and anyone new to the mortgage industry. Brush-up on the mortgage life cycle and administrative tasks associated with the mortgage loan.
Effective April 30, LoanSphere Invoicing will feature new line item mapping capabilities, auto-population of referral date for foreclosure attorney fee, PSR updates, and more.
This update simplifies our requirements, manages risk, and responds to industry feedback. Updates include revisions to Servicing Guide B-5-01 and Form 176; instruction to servicers who engage with third-party vendors; clarification to the maximum allowable foreclosure attorney fees; and inclusion of clearboarding in property preservation descriptions and expenses.
The Vermont AAA Matrix has been updated on the Excess Attorney Fee/Cost Guidelines page.
Visit us at the MBA's National Secondary Market Conference & Expo April 30 to May 3 to see how we're transforming the borrower experience with dynamic solutions.
Our first issue covers Day 1 Certainty, including Property Inspection Waivers (PIWs) and certainty on appraised value, Collateral Underwriter (CU) stats, and Selling Guide updates relevant to appraisers.
During the weekend of May 20, several new and modified edits will be implemented, and lenders may begin delivering a portion of the ULDD Phase 3 data.
This self-paced course is designed for servicers and anyone new to the mortgage industry. Brush-up on the mortgage life cycle and administrative tasks associated with the mortgage loan.
The March 2017 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.
The GSEs announced additional details regarding ULDD Phase 3, outlining the mandate timeline, new and revised data requirements, and guidance on HMDA data delivery.
The Selling Guide has been updated to reflect policy clarifications for the Desktop Underwriter (DU) validation service and certainty on appraised value components of Day 1 Certainty.
The Selling Guide has been updated to align with prior communications providing that loans are eligible for certainty on appraised value regardless of whether the loan was underwritten through DU.
The following updates were made in March: lenders may obtain a verification report for use with the Desktop Underwriter (DU) validation service from a report supplier or a report distributor; loans with a Collateral Underwriter® risk score of 2.5 or below on the appraisal are eligible for certainty on appraised value regardless of whether the loan was underwritten through DU.
For a summary of key updates in this Selling Guide Announcement, view the executive perspectives video presented by Jude Landis, Vice President, Credit Policy, and/or the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.
The Selling Guide has been updated to include a clarification that lenders can obtain verification reports from a report supplier or a report distributor when utilizing the Desktop Underwriter (DU) validation service.
Describes how Fannie Mae will help lenders prepare for the 2018 Home Mortgage Disclosure Act (HMDA) requirements.
Updated topics include claim status, property preservation, required documentation, attorney fees and legal costs, property inspections, and changes to line items.
The PIW FAQs have been updated to reflect the availability of lender-level reporting.
Your one-stop-shop to technology releases, important milestones, training availabilities, policy changes, and much more.
Over the past few years, a new generation of companies has emerged to provide new technological solutions.
The 16.3 DMRS system release was deployed on March 5, 2017.
Fannie Mae has announced we have secured a new next-generation electronic eVault through eOriginal, Inc. Find out how this modern and efficient platform can benefit you and your business.
Your business runs on technology applications and mortgage products—and you need to know how to get the most out of them. Take a minute to visit Fannie Mae’s new Training Pages. Maximize your performance with eLearning and job aids. Then, watch how your business benefits.
Fannie Mae has issued a Selling Notice regarding future changes to the use of Mortgage Electronic Registration System® (MERS®) for properties in the state of Maine.
Includes an update to Property Value Representations and Warranties, as well as enhancements to the new CU user interface (CU Classic view will not be impacted) scheduled for the weekend of March 25, 2017.
In a new Fannie Mae Perspectives blog, Andrew Bon Salle, Executive Vice President of our Single-Family Mortgage Business, comments on the benefits of data standardization and uniformity. He describes how “alphabet soup” led to Day 1 Certainty™, giving lenders freedom from representations and warranties on key loan components plus more efficiency in loan originations.
The UCD application (version 2.0) release will be implemented May 31, featuring new UCD edit feedback messages and other enhancements.
The UCD CheckPoint provides a timeline with key milestones and implementation tips to help customers prepare for UCD adoption.