Fannie Mae: Lender Letter LL-2021-12: Investor Reporting Changes

Fannie Mae: Lender Letter LL-2021-12: Investor Reporting Changes

Updated 7/28/21: Fannie Mae announced updates to its Master Servicing Simplification page to help servicers prepare for changes announced in Lender Letter LL-2021-12.

Master Servicing Simplification Page
LL-2021-12
Process Requirements Document

 

Investor Update
June 16, 2021

Source: Fannie Mae

This Lender Letter provides advance notice of upcoming changes to our investor reporting processes and systems. These changes simplify and streamline servicer reporting and will be introduced in a phased approach beginning Sep. 2021 and continue through 2022.

This Lender Letter contains the following topics:

▪ Reimbursement of gross servicing fee and guaranty fee for mortgage loans with a payment deferral
▪ Elimination of servicer’s advance payment of UPB at foreclosure
▪ Streamline investor reporting with LSDU self-serve capabilities
▪ 2022 cash simplification changes
▪ Guaranty fee relief after four months delinquency

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