Fannie Mae: New eLearning Series; Loan Limits Increasing; and More
November 29, 2017
Introduction to servicing – new modules help new servicers get up to speed, fast!
Have you checked out our self-paced eLearning series designed to help new servicers get up to speed quickly? Here are two more reasons: Required Forms and Access to Information and Introduction to Fannie Mae Systems are now both available on the Servicing Training page. Additional courses coming soon.
Loan Limits to increase in 2018
Fannie Mae has issued Lender Letter LL-2017-10 to confirm the general and high-cost area loan limits announced by the Federal Housing Finance Agency (FHFA). The new loan limit in most of the country will be $453,100, which represents a 6.8 percent increase over the 2017 limit. All but 71 counties (or county equivalents) will see a loan limit increase. The new limits are effective for whole loans delivered to Fannie Mae and loans in MBS pools with issue dates on or after Jan. 1, 2018. Detailed information and updated resources, including the Loan Limit Look-Up Table, are available on the Loan Limits page.
Need loss mitigation training? Sign up for a free webinar
Did you know that we provide participating servicers with free loss mitigation training? The Know Your Options™ Customer CARE (Connect, Assess, Resolve, and Execute) team will present two live webinars in December. 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, including disaster relief options; increase your workout percentage; and more. Learn more and register today.
We’re always here to help you support borrowers affected by disaster
Visit our Assistance in Disasters page to find resources and guidance for helping borrowers in disaster areas.
Visit us at the MBA’s Summit on Diversity and Inclusion
Stop by our booth Dec. 4-5 in Washington, DC to talk about how you can build a culture of inclusion to better serve expanding markets. Hear Tujuanna Williams, VP and chief diversity and inclusion officer, introduce the opening reception. And, learn more about Increasing Your ROI (Return on Inclusion), from Charmaine Brown, director, Office of Diversity & Inclusion on Tuesday at 1 p.m.
Register for our D&I Best Practices course today.
Join us at these upcoming events:
Dec. 4-5 | MBA Summit on Diversity and Inclusion | Washington, DC
Jan. 22-25 | MBA Independent Mortgage Bankers Conference | Amelia Island, FL
Feb. 6-7 | Texas MBA Southern Secondary Market Conference | Houston
View more events.
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Source: Fannie Mae