Fannie Mae: Ask Poli Is Here to Help; Imminent Default Policy Going Into Effect Next Month
June 20, 2018
Source: Fannie Mae
Go ahead, Ask Poli a Fannie Mae policy question!
We recently launched Ask Poli, a new tool that uses natural language processing to better understand your policy questions and quickly find the answers you’re seeking. Available to Fannie Mae sellers and servicers, Ask Poli not only provides answers, but it tells you where to find relevant details in the Selling and Servicing Guides, and allows you to share or print the answers to keep for your files. Give Ask Poli a spin at AskPoli.fanniemae.com or on the Selling and Servicing Guide pages.
Reminder: Imminent Default Evaluations change effective July 1
On Oct. 11, 2017, Lender Letter LL-2017-08 announced new policies for Imminent Default Evaluations for Conventional Mortgage Loan Modifications to replace the Freddie Mac Imminent Default Indicator. Servicers must begin evaluating borrowers for imminent default for a conventional mortgage loan modification according to the new requirements no later than July 1. After that date, servicers will no longer be able to evaluate borrowers using Freddie Mac’s IDI.
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