MPF Xtra Servicing Updates – FNMA SVC-2023-04
Effective Date: Immediately (unless otherwise noted)
Pursuant to Fannie Mae SVC-2023-04, which covers the below referenced topics that are applicable to mortgage loans serviced under the MPF Xtra product:
- Updated the requirements related to evaluating release, or partial release, requests.
Reorganized and streamlined requirements for insured loss events to improve clarity for servicers.
As a reminder, where the Fannie Mae Servicing Guide directs communication to Fannie Mae or to utilize systems that are only available to Fannie Mae Seller/Servicers, Servicers must contact the MPF Provider. Servicers should not communicate with Fannie Mae directly.
Other topics mentioned in the Fannie Mae announcement do not apply to MPF Xtra. To gain a full understanding of these topics, PFIs should review the entire Fannie Mae Announcement and any applicable Fannie Mae Servicing Guide chapters, forms, or exhibits noted in the announcements.
- MPF Announcement 2023-71