MPF Xtra Servicing Guide Updates
Effective Date: Immediately (unless otherwise noted)
On January 20, 2021, Fannie Mae published Servicing Guide Announcement SVC-2021-01 which cover the below referenced topics that are applicable to loans serviced under the MPF Xtra product:
Fannie Mae Servicing Announcement SVC- 2021-01:
- Updated the requirements for reporting a delinquency status code for a disaster payment deferral if the mortgage loan is brought current.
- Updated remote online notarization policies, as communicated in Selling Guide Announcement SEL-2020-06, to apply to remote online notarizations for the purpose of servicing or modifying a mortgage loan.
Other topics mentioned in the Fannie Mae announcement do not apply to MPF Xtra. To gain a full understanding of these topics, Servicers should review the entire Fannie Mae Lender Letters plus any applicable Fannie Mae Servicing Guide chapters, forms, or exhibits noted in the announcement.