Fannie Mae Single Family Servicing News: Visit us at MBA Annual 2016
September 28, 2016
Visit Us at MBA Annual 2016 — Walk Right In, Engage With Us
Simple. Open. Certain. That’s how you’ll find us at the center of the HUB at MBA’s Annual Convention and Expo, October 23 – 26, in Boston. Whether you have a specific question, or want to find out about the next big thing, you won’t be able to miss us. We’ll have information, experts, and personal attention — all for you. We’re grateful for your business and excited to meet with you to talk about solutions and technologies to transform your business.
AAA Matrix Updates
The AAA Matrices for all judicial foreclosure states have been updated to add information regarding a Motion to Dismiss Foreclosure in the Standard Excess Fees section. Additionally, all AAA matrices have been updated to remove all references to the nonroutine_litigation@fanniemae email address. The updated versions will be available on the Fannie Mae business website on October 3. Servicers may access these documents on the Fannie Mae business website by logging in with their valid user ID and password (or contact their Technology Manager Administrator for access assistance).
Updates to Title Cost Line Items in LoanSphere Invoicing
Fannie Mae Expense Reimbursement has added new Title Cost line items to the available list of line items in LoanSphere Invoicing™. The new line items Category and Subcategory are outlined below.
These line items will require that the From Date be populated when submitting a claim in LoanSphere Invoicing:
- Title Costs Cateogry 9
- Subcategory 813: Title Costs – Foreclosure
- Subcategory 814: Title Costs – Modification
These existing line items below will require that the From Date to be populated when submitting a claim in LoanSphere Invoicing:
- Title Costs Cateogry 9
- Subcategory 805: Title Costs – Deed-in-Lieu of Foreclosure
- Subcategory 806: Title Costs – Bankruptcy
Note: The From Date should represent the date the Title expense was incurred/completed.
Effective November 28, the following line items below will be deactivated and will no longer be available to Servicers:
- Cost of Title Examination/Abstract 50
- Subcategory 801: Title report (uninsured) – Foreclosure
- Subcategory 802: Title report (w/required insurance) – Foreclosure
- Subcategory 803: Title Update – Foreclosure
- Subcateogry 804: Other/Misc Title Costs
- Subcateogry 807: Title Update – Other
Reference the Servicer Expense Reimbursement Line Items in LoanSphere Invoicing document for a list of all Servicer expense categories and subcategories for conventional loans that are available in BKFS LoanSphere Invoicing.
If you have any questions or concerns related to the LoanSphere Invoicing Line Items, please submit your inquiry to firstname.lastname@example.org.
Request for Release/Return of Documents Updated
Fannie Mae has recently published an updated Request for Release/Return of Documents (Form 2009).
Please note that changes made to the form include:
- Removal of the requirement to list the Fannie Mae Pool Number
- Addition of two new reasons for requesting documents
- Transfer of Servicing
- Transfer to Separate Custodial Agreement
- Addition of one new reason for retaining documents
- Foreclosure Complete
The instructions for completing Form 2009 have also been updated. The servicer is authorized to begin using the updated form immediately.
Updated HSSN Job Aids Now Available
Updated HomeSaver Solutions® Network (HSSN) job aids have been published on the Servicing Training page. The updates reflect the changes made in Asset Management Network (AMN)/HSSN Release 22.0. Information on uploading large PDF files and the Servicer Evaluation Date field, updated screen captures and additional campaign codes can be found in the following job aids:
- Requesting Approval for a Preforeclosure (Standard Short Sale / HAFA II) Case in Workout Profiler
- Requesting Approval for a Deed-in-Lieu (Mortgage Release) Case in Workout Profiler
- Creating and Submitting a Closed Preforeclosure Case (Standard Short Sale / HAFA II)
- Creating and Submitting a Closed Deed-in-Lieu (Mortgage Release) Case
- Submitting the Loan(s) to IDI
- Fannie Mae Modification Campaign Codes
Future Changes to Investor Reporting – All Servicer Forum
Please plan on attending the upcoming Future Changes to Investor Reporting – All Servicer Forum. During the October forums we will provide a more detailed overview of the Transaction Type 96 loan activity summary reporting.
Who Should Attend?
Every servicer who does business with us. To accommodate your busy schedule, we will host two sessions each month covering the same topic and materials at each session. Simply pick the date that works best for your schedule. Register today, as space is limited. Be sure to forward this invitation to others in your organization who would also benefit from these forums.
Visit the Future Changes to Investor Reporting web page for the latest information and resources. Questions? Contact your Servicer Integration Lead or email email@example.com.
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Source: Fannie Mae