Fannie Mae: SVC-2021-04: Servicing Guide Updates

Fannie Mae: SVC-2021-04: Servicing Guide Updates

Investor Update
July 14, 2021

Source: Fannie Mae

The Servicing Guide has been updated to include changes to the following:

▪ Mortgage assistance fund program providers*: updates requirements to apply more broadly to handling funds provided on behalf of a borrower from a state or local government mortgage assistance fund program.]

▪ Mortgage insurance claims portal*: introduces a new process for filing conventional MI claims with participating mortgage insurers.

▪ REOgram™ notifications*: simplifies the use of a manual data entry application, Asset Management Network (AMN), into
a real-time automated application, Property 360™, for REOgram notifications.

▪ Notarization standards: includes a reference to recently added Selling Guide policies for notarization standards and remote ink-signed notarization.

View the list of impacted topics.

*Policy change not applicable to reverse mortgage loans.

To access full announcement, please click the source link above.