Fannie Mae: Free Loss Mitigation Training and More
Investor Update
March 22, 2017
Looking for free loss mitigation training? Sign up for a live webinar
Did you know that Fannie Mae provides participating servicers with free loss mitigation training? Our Know Your Options™ Customer CARE (Connect, Assess, Resolve, and Execute) team will present two live webinars in April. Sign up to learn how to leverage your own servicer model to develop rapport and establish consultative customer relationships, communicate more effectively with borrowers about their options to avoid foreclosure, increase your workout percentage, and more. Learn more and register today.
Lenders hoping to enhance customer experience with next-gen technology
More than half of lenders surveyed by Fannie Mae’s Economic and Strategic Research (ESR) team believe improving the customer experience is the primary goal for investing in technology. While our Mortgage Lender Sentiment Survey® results show that senior executives at mortgage lenders of all sizes want to improve that experience across the loan life-cycle, only one-third of lenders surveyed — mostly large or mid-sized institutions — said they have experience with next-gen vendors.
Two-thirds said they have not yet partnered with next-gen vendors, pointing to significant barriers to adoption, including cost, implementation, and integration issues. Almost all lenders believe end-to-end integration of various solutions would be valuable to their business. View the infographic and learn more.
Get the latest tips and trends from our speakers at MBA Tech
We are looking forward to engaging with you at the MBA National Technology in Mortgage Banking Conference & Expo, March 26-29, in Chicago. Check out the following sessions to get the latest tips and trends from our experts:
- Adopting Day 1 Certainty from Fannie Mae, March 27, 12:30-1:00 p.m. (side stage in the HUB), Product Development Manager Brian Cusick will tell you how to get the most out of #Day1Certainty.
- Housing Agency Update, March 27, 1:00-2:15 p.m., Vice President of Single-Family Solutions Katrina Jones will explore current Fannie Mae initiatives and what they may mean for your organization.
- Consumer, Lender & Investor Experiences with eMortgages, March 28, 1:00-2:15 p.m., Vice President of Customer Digital Experience Cindy McKissock will discuss what works for lenders who have implemented eMortgage solutions.
And remember to stop by and visit us in the center of the HUB.
APS fieldwork report retires
On April 23, Fannie Mae will retire the Automated Property Service (APS) fieldwork report. We encourage APS fieldwork report users to leverage the new Property Inspection Waiver (PIW), which is offered through Desktop Underwriter® (DU®) and powered by Collateral Underwriter® (CU™).
Note that the version of APS that supports the HAMP program (APS for Net Present Value) is not impacted by this change.
For more information on the PIW offered through DU, view the PIW webpage.
Recent Tweets
Our CIO, Frederic Veron, tells @WSJ how we’re reducing risk with tech.
https://t.co/vxs1rVcDnj
March 20
How the industry’s “Alphabet Soup” led to #Day1Certainty:
http://bit.ly/2nDxXLd
March 20
Source: Fannie Mae