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Watch Bill describe the February Servicing Guide Update.

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What's New

  • Changes to Valuation Costs Line Items in LoanSphere Invoicing new

    Fannie Mae has added new Valuation Costs line items that require the date the valuation expense occurred be included upon submission of the claim.

  • We're Simplifying Servicing for our customers!

    Across the servicing lifecycle, we're working to simplify the process for our customers.

  • Servicing Guide Updates

    This update makes changes to simplify servicing, reduce operational cost and risk for servicers, and increase data accuracy. Updates include relieving servicers of the responsibility to pay for HOA, condo, or co-op fees for acquired properties; elimination of transaction type 80 reporting requirements; flexible use of IRS form 4506-T or 4506T-EZ for workout options; and changes to maintaining seller/servicer eligibility.

Frequently Asked Questions

Fannie Mae Changes to Investor Reporting

All servicers are reminded of the temporary moratorium on post-delivery servicing transfers with effective dates in February and March 2017. Concurrent servicing transfers are not affected.

Investor Reporting

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