Fannie Mae: New Co-Issue Report, Impacts to HSSN and SMDU, and More
June 7, 2017
New co-issue report can help you validate loan data
The new Whole Loan Co-Issue Purchase Detail File gives servicers loan-level data for loans purchased/sold through concurrent transfer of servicing, also known as co-issue transactions. This report will allow you to validate loan data received from sellers with what was purchased by Fannie Mae and to pursue corrections for any data discrepancies quickly. You can find this report in the Loan Delivery category in Fannie Mae Connect™.
Access to the report is granted by the Corporate Administrator or Report Administrator at your firm. For more information on Fannie Mae Connect, including the latest Release Tracker and Report Directory, demos, quick tips, and training, visit the Fannie Mae Connect web page. If you have questions, email firstname.lastname@example.org.
Impacts to HSSN and SMDU June 17-18
We’ll be making changes to investor reporting during the weekend of June 17, and information between our systems may not be synchronized during that time. To avoid exceptions, we recommend delaying case creation and closing from 12 a.m. ET, Saturday, June 17, until 8 a.m. ET, Sunday, June 18. This recommendation is intended for those who use Servicing Management Default Underwriter™ (SMDU™) Case Management functionality to create HomeSaver Solutions™ Network (HSSN) cases, as well as those creating cases directly on HSSN. Note that XML bulk file submissions for HSSN submitted during this timeframe will be held and processed on Monday, June 19. SMDU Auto Decision is not impacted; SMDU will remain available per the usual availability schedule.
Washington AAA Matrix update
A correction has been made to the Washington E-Note Foreclosure fee effective dates. To view the updated matrix, visit the Excess Attorney Fee/Cost Guidelines page.
We’re celebrating National Homeownership Month
June is National Homeownership Month and we’ll be celebrating all month on social media. Follow us on Twitter, LinkedIn, and Facebook as we highlight industry trends and stories you may want to share with your borrowers. Chime in to tell us how you’re celebrating!
Attend a Duty to Serve webinar
Learn more about Fannie Mae’s proposed Underserved Markets Plan, including our proposed actions to help the manufactured housing, affordable housing preservation, and rural housing markets identified by the Federal Housing Finance Agency’s Duty to Serve rule. Click here to add the webinar to your calendar and join us on Thursday, June 8, 3-4 p.m. ET. To learn more about Duty to Serve, visit our Duty to Serve page.
Looking for free loss mitigation training? Attend 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 June. 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.
Join us at these upcoming events:
- June 13-16 | NAFCU 50th Annual Conference and Solutions Expo | Honolulu, HI
- June 14-16 | Optimal Blue Client Conference | Plano, TX
View all events.
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Head into #NationalHomeownershipMonth with the facts on our consumer housing sentiment report:
We don’t just want to help families get into homes — we want to help them stay there.
Source: Fannie Mae