Fannie Mae: New Remittance Codes in CRS; Line Item Updates in LoanSphere Invoicing; and More
October 25, 2017
New 300 series remittance codes coming to Cash Remittance System
As a component of Simplifying Servicing, we’re adding new 300 series remittance codes in the Cash Remittance System™ (CRS™). These new codes will streamline the remittance process, enable transactions to be reported under unique remittance codes, reduce the commingling of funds within a single code, and more. An updated CRS User Guide, containing the new 300 series remittance codes with clear descriptions for their purpose, will be published on the CRS page in early November.
New eLearning modules help you get the most from Fannie Mae Invoicing
Are you up-to-speed on using the new Fannie Mae Invoicing application to resolve your claims? Check out our eLearning modules to learn more about how to accept a bill, rebut a bill, and manage file uploads. View these easy-to-use modules, along with updated FAQs, the user guide, and more, on the Fannie Mae Invoicing page. As a reminder, all servicers should be using Fannie Mae Invoicing since the release of the application on Sept. 25; SRDBS and several manual processes will be retired by the end of 2017.
Assisting borrowers impacted by hurricanes? View our FAQs
Fannie Mae continues to support our sellers and servicers as they assist borrowers impacted by recent hurricanes. That’s why we’re regularly updating our Frequently Asked Questions with both selling- and servicing-related questions about hurricanes that occurred in the U.S. and its territories on or after Aug. 25. Check back for the most up-to-date questions about our policies for providing assistance to impacted communities.
Join us at these upcoming events:
- Nov. 5-9 | NAFCU Lending Conference | San Antonio, TX
- Nov. 12-15 | CUNA Lending Council Conference | Nashville
- Dec. 4-5 | MBA Summit on Diversity and Inclusion | Washington, DC
View more events.
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Source: Fannie Mae