MPF Announcement 2021-58

MPF Xtra Servicing Guide Updates

Effective Date: Immediately (unless otherwise noted)

Fannie Mae published Servicing Guide Announcement SVC-2021-04 which cover the below referenced topics that are applicable to loans serviced under the MPF Xtra product:

Fannie Mae Servicing Announcement SVC- 2021-04:

• Mortgage assistance fund program providers: updates requirements to apply more broadly to handling funds provided on behalf of a borrower from a state or local government mortgage assistance fund program.
• Mortgage insurance claims portal: introduces a new process for filing conventional MI claims with participating mortgage insurers.
• REOgram™ notifications: simplifies the use of a manual data entry application, Asset Management Network (AMN), into a real-time automated application, Property 360, for REOgram notifications.
• Notarization standards: includes a reference to recently added Selling Guide policies for notarization standards and remote ink-signed notarization.

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.