Fannie Mae: AMN/HSSN Enhancements Coming
March 21, 2019
Source: Fannie Mae
During the weekend of March 23, 2019, Fannie Mae will implement Release 25.0, which includes the changes and enhancements described below for the CLM Suite: Asset Management Network (AMN)/HomeSaver SolutionsTM Network (HSSN).
To implement this release, CLM will not be available for processing from 7:00 a.m. until 4:00 p.m. Eastern Daylight Time March 23, 2019. This downtime also applies to SMDU Case Management functionality. While SMDU Auto Decisioning functionality will be available, users may experience some intermittent outages because SMDU relies on some HSSN/DARTS case data. If you experience an exception, please wait a few minutes and resubmit the transaction.
AMN/HSSN General Update
Form 571 View Issued Checks Report –When a Servicer runs this report all records will be returned and they will no longer be limited to viewing only 5,000 records. The records will be displayed 5,000 per page so the user is able to navigate through the results as well as download and print the individual results pages.
Market Value Analysis Type – Servicers are now able to select “AVM” from the Market Value Analysis dropdown in HSSN when creating a Deed in Lieu case.
Servicer Changes to Non-Delegated Modification Advances
Updates have been made to the new parameter, “Servicer Changes to Non-Delegated Modifications Advances Tolerance” that was created in the previous release to allow Servicers to adjust the Advances amount after a Non-Delegated case has been approved for Trial status.
When the servicer makes a change in any of the fields in the Breakdown of Capitalized Advances section and attempts to transition the case from (a) “Approved for Trial” to “Closed”, (b) “Trial” to “Closed” or (c) “Approved” to “Closed”, if the new Fannie Mae calculated Post Mod P&I amount change is less than the Servicer Reported P&I on the Approved Estimated line item, regardless of the tolerance set by the parameter, so long as the amount is not negative, the existing edit “The P&I Amount X does not match the amount approved by Fannie Mae” will not trigger and the Servicer will be allowed to transition the Case to Closed status.