Fannie Mae: Clarification to Servicer Attorney Fees and Property Preservation Approvals
Investor Update
July 1, 2019
Source: Fannie Mae
Effective July 1, 2019
To simplify the communication with servicers, Fannie Mae has updated the Servicer Expense Reimbursement Job Aid, providing additional guidance on completing requests for expense reimbursements. To the extent this job aid may conflict with the Guides, the terms of the Guides will govern.
This Servicer Expense Reimbursement Job Aid supplements the Servicing Guide. Servicers remain responsible for following the Selling and Servicing Guides, Servicing Guide Procedures, Announcements, Lender Letters, and Delegations of Authority, collectively, the “Guides.”
NOTE: The information contained in this document is not applicable to expenses incurred for Reverse
Mortgages.
To access the full release, please click the source link above.