SMDU

 Servicing Management Default Underwriter™ (SMDU™) is an innovative loss mitigation platform delivering real-time loan workout decisioning.

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Servicing Management Default Underwriter (SMDU) is a loss mitigation platform, used by servicers, that renders real-time evaluation and decisioning of Fannie Mae loss mitigation programs. 

SMDU Supports a Variety of Workout Types:

  • Repayment Plan
  • All Modifications Programs available through the Fannie Mae workout hierarchy
  • Standard Short Sale
  • Mortgage Release™ (Deed-In-Lieu of Foreclosure)

Available 24 hours a day and 7 days a week, SMDU can be integrated with a servicer's proprietary default management platform or accessed via a B2B vendor interface (see below for list of technology providers).  

Key Servicer Benefits:

  • Ensures accurate and consistent interpretation and delivery of Fannie Mae policy
  • Reduces liability through limited representations and warranties relief
  • Facilitates faster adoption of Fannie Mae loss mitigation programs
  • Decreases costs associated with implementing and maintaining Fannie Mae loss mitigation guidelines and programs
  • Enables access to new products
  • Increases productivity through process improvements
  • Enhances customer service by quickly providing borrowers with accurate and consistent decisions

SMDU Technology Providers

  • BackInTheBlack LLC
  • CLARIFIRE
  • CoreLogic, Inc.
  • Grid Financial Services
  • LPS
  • Overture Financial Solutions

Mortgage Servicers Using SMDU*

  • Amarillo National Bank
  • Associated Bank
  • Banco Popular de Puerto Rico (BPPR)
  • C.U. Mortgage Services, Inc.
  • Doral Bank
  • Dovenmuehle Mortgage, Inc.
  • Fidelity Bank
  • Flagstar Bank
  • Green Tree Servicing LLC
  • LifeStore Bank
  • Nationstar Mortgage
  • PHH Mortgage
  • PrimeWest Mortgage Corporation
  • Quicken Loans
  • Residential Credit Solutions, Inc.
  • RoundPoint Mortgage Servicing Corporation
  • Seterus, Inc.
  • Sovereign Bank
  • Standard Mortgage Corporation
  • State Bank of Lincoln
  • U.S. Bank

* Partial list

For more information about SMDU, contact your Fannie Mae Servicing Portfolio Manager.