Fannie Mae Updated Servicing Form and Assignment of Mortgage Reminder
On February 12, Fannie Mae released a servicing update titled Updated Servicing Form and Reminder on Assignment of Mortgage.
Updated Single-Family Servicing Applications Data Access Authorization Agreement Form
This form allows Fannie Mae servicers to designate subservicers who may submit and access their servicing data to Fannie Mae via Fannie Mae applications. The previous version of the form will only be accepted for the next 30 days. No action is required for existing relationships. Any new relationship request must use the updated form going forward.
Reminder on Assignment of Mortgage
As a reminder, servicers should follow the requirements as stated in the Servicing Guide when submitting a document execution request for an Assignment of Mortgage. The job aid, Guidelines for Assignment of Mortgage, can be viewed on the Servicing Learning Center under General Servicing Job Aids. The job aid provides a list of items that must be included when submitting a document execution request for an Assignment of Mortgage including a copy of the recorded assignment, the property address, and the correct Fannie Mae address.
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.