Fannie Mae RVS-2014-01 Reverse Mortgage Loan Servicing Manual
On May 28, Fannie Mae released Reverse Mortgage Loan Servicing Manual Announcement RVS-2014-01.
Reverse Mortgage Loan Servicing Manual Announcement RVS-2014-01
2014 Reverse Mortgage Loan Servicing Manual
Fannie Mae is announcing the publication of the 2014
Reverse Mortgage Loan Servicing Manual (2014 Reverse Manual).
The content and structure of the 2014 Reverse Manual were
revised and streamlined to more clearly codify Fannie Mae reverse
mortgage loan servicing policies and procedures. It also
incorporates Announcements SVC-2013-27: Lender-Placed
Insurance Requirements and SVC-2013-26: Reverse Mortgage
Loans. The 2014 Reverse Manual does not introduce new policies
or make changes that have not been previously communicated
through an Announcement.
Comprehensive Redesign of the 2014 Reverse Manual
Fannie Mae’s goals in creating the newly restructured and streamlined 2014
Reverse Manual were to better meet customers’ needs by
- eliminating redundancies and outdated procedures and processes;
- restructuring the table of contents consistent with
- the functional areas of a servicer’s organization, and
- the mortgage loan lifecycle;
- using a writing style that more clearly and concisely presents policies and procedures; and
- enhancing Fannie Mae’s ability to incorporate future content changes more quickly.
With the publication of the 2014 Reverse Manual, all future updates to reverse
mortgage loan servicing policies will be accessible in real-time.
Contents of the 2014 Reverse Manual
The 2014 Reverse Manual contains all Fannie Mae servicing-related policies and
procedures for reverse mortgage loans. While the 2014 Reverse Manual sets
forth specific servicing requirements unique to reverse mortgage loans, the
2014 Reverse Manual is part of the Servicing Guide; therefore, servicers must
continue to comply with servicing requirements in the Servicing Guide for reverse
mortgage loans to the extent such requirements are not in conflict with the
provisions contained in the 2014 Reverse Manual.
Please click here to view the announcement in its entirety.
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.