Fannie Mae Servicing News to be Aware of For Mid-August 2018

August 16, 2018

Fannie Mae recently released its servicing news for mid-August 2018 and it contains some pretty important and quality-of-life changes. These changes include Servicing Guide updates that will help simply mortgage insurance claims.


According to the report, updates to the Servicing Guide include:

  • Streamline the mortgage insurance (MI) claims process with MI Factor, a new approach to mortgage insurance that makes it easier to file claims and eliminates the need for supplemental filings.

  • Clarify our policies on inspecting and preserving properties impacted by a disaster. See the Property Preservation Matrix and Reference Guide for more details.

  • Increase the maximum reimbursement limit for insured loss repair inspections from $30 to $60.

For a full breakdown of the updates made to the Servicing Guide, click here.


The company has also introduced a new seller/servicer reporting calendar to help prevent professionals from missing guidelines and not uploading crucial documents to meet deadlines.


To learn more about these quality-of-life updates and more, click on the image above.



Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Gateway First Bank Expands With 34 New Mortgages Centers Across The Country

January 8, 2020

Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Facebook Icon
  • Grey Twitter Icon

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.