Fannie Mae: SMDU Enhancements and Webinars; LoanSphere Invoicing Updates; and More
October 4, 2017
Register today to learn more about SMDU and the new user interface
Did you know that all Fannie Mae servicers now have easy access to the groundbreaking workout decisioning tool Servicing Management Default Underwriter™ (SMDU™)? Spend an hour learning about how you can bring confidence and efficiency to your servicing business practices. We will walk you through the benefits of the SMDU user interface, show you how to register, demonstrate submitting a loan for evaluation and case reporting, and provide support information.
SMDU enhancements coming this weekend
This weekend, we will implement enhancements to SMDU, with new functionality and updates described in the SMDU 7.4 Release Notes. To implement this release, SMDU will be unavailable to process transactions from 10 p.m. ET on Oct. 6 until 3 p.m. ET on Oct. 7. If you have questions about this release, please contact your Fannie Mae Servicing Account Manager.
New sales tax line item in LoanSphere Invoicing
Effective Oct. 15, a new line item (Sales Tax for Legal Costs) will be available in LoanSphere Invoicing™ for loans originating in Hawaii and New Mexico. Reference the Servicer Expense Reimbursement Line Items in LoanSphere Invoicing job aid for a list of servicer expense categories and subcategories for conventional loans that are available in LoanSphere Invoicing.
What you should know about Fannie Mae Invoicing
Have you started using the new Fannie Mae Invoicing system yet? If not, here are some key reminders:
- New invoices and existing outstanding billing data were loaded into Fannie Mae Invoicing as of Sept. 25.
- All SRDBS users have automatic access to Fannie Mae Invoicing using their existing credentials.
- Technology Manager Administrators can request access to Fannie Mae Invoicing for servicers via Technology Manager.
We’re ready for you to get started! Visit the Fannie Mae Invoicing page to view the user guide, FAQs, and other resources.
Watch: Recorded webinar for servicers helping disaster-impacted homeowners
If you were unable to join the webinars we held last month to help servicers help homeowners affected by recent hurricanes, a recording is now available. During the webinar, our policy experts and members of our servicing teams provide an overview of available disaster assistance resources and answer participants’ questions. The recording, available on our Assistance in Disasters page, lasts about 30 minutes, and includes the presentation.
See how we’re Building on Certainty at MBA Annual
Last year, we announced Day 1 Certainty™ at the MBA’s Annual Convention & Expo. Since then, we’ve been building on that foundation to make the mortgage process faster, simpler, and more certain.
Visit us in THE HUB, Oct. 22-25, to find out what we’re working on to better serve you.
Remember to register.
Join us at these upcoming events:
- Oct. 15-17 | ABA Annual Convention | Chicago
- Oct. 22-25 | MBA Annual Convention and Expo | Denver
- Dec. 4-5 | MBA Summit on Diversity and Inclusion | Washington, DC
View more events.
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Source: Fannie Mae