Fannie Mae Updates to MyCity Modification Servicer Education Webinar
On February 11, Fannie Mae announced updates to its MyCity Modification Servicer Education Webinar.
Updates to Fannie Mae’s MyCity Modification Servicer Education Webinar
Updates to Fannie Mae’s MyCity Modification – Servicer Education Webinar
Join Fannie Mae to review expanded requirements for Fannie Mae’s MyCity Modification in accordance with D2-3.2-11 of the 2015 Servicing Guide.
- Topics to be discussed include:
- Expanded requirements for Fannie Mae’s MyCity Modification.
- Eligibility criteria.
- Borrower evaluation.
- Calculation of payments.
- Modification terms.
- Fannie Mae’s Workout Hierarchy.
- Borrower Solicitation.
- Campaign Codes.
- Evaluation Notice.
Servicers are encouraged to implement policies in this Announcement immediately; however, servicers are required to implement Fannie Mae’s MyCity Modification solution by April 1, 2015.
Training is recommended for servicing, collections, foreclosure, and default prevention managers who service loans in Detroit, Michigan and Chicago/Cook County and are responsible for workouts for loans in default.
Training materials will be emailed to all registrants the day of the session. Additionally, training materials will be available for download at the end of the session.
Please click here to view the announcement in its entirety.
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow. Website: www.safeguardproperties.com.