Fannie Mae Revision to Servicer Expense Reimbursement Processing
On March 5, Fannie Mae released a revision to the servicer expense reimbursement processing update.
Servicer Expense Reimbursement Processing Update – Revised
This Change Notification provides a revised version of the Servicer LPS Line Item changes associated with the Black Knight (Invoice Management) notification posted in January 2014.
Reminder: Annual Certifications and Financial Statements Due for Most Lenders
As a reminder, Fannie Mae lenders are required to submit their audited financial statements and Form 582 Lender Record Information and Certification within 90 days of their fiscal year-end. For lenders that ended their fiscal year on Dec. 31, 2013, the required submissions are due by March 31, 2014.
Remember, the Form 582 application is now available every day, 24 hours a day, except 8 p.m. ET Sunday to 8 a.m. Monday for weekly maintenance. Please review the job aid for tips and contact your customer account team if you need further assistance.
Please click here to view the online update.
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders, and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.