Servicing Guide

Published September 9, 2020

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Future Cash Simplification Changes to Investor Reporting – Process Requirements - Summary of Reports in Fannie Mae Connect

Summary of Reports in Fannie Mae Connect  

Report

Fannie Mae Current

Actual/ Actual (A/A)

S/S (MRS)

S/A

S/S (SWAP MBS)

Fannie Mae After Change

Remittance Detail Principal and Interest Report

This report will provide loan level principal and interest transaction amounts to be drafted by cash settlement date for Fannie Mae-Initiated remittance codes for S/S MBS SWAP, S/S MBS RPM and S/S MBS Express. Available on 3rd Business Day. This report is also available via B2B for select servicers.

Existing report will add the new Fannie Mae-Initiated remittance types of S/S PFP, S/S and S/A portfolio loans. 

 

Interest Due column will be adjusted for SCRA, Borrower contribution and/or any other cash adjustments.  The pool number field will be optional instead of required.  

No change to report timing and will continue to be available via B2B for select servicers.

MBS P&I Draft Notifications

Shows the principal and interest amounts to be drafted prior to a draft made by Fannie Mae. Servicers can view the amount that will be drafted via this report to ensure that the necessary funds are available.  Available on 3rd Business Day.

 

Existing report will add the new Fannie Mae-Initiated remittance types of S/S PFP, S/S and S/A portfolio loans.  

 

The report title will change to P&I Draft Notifications.

 

No change to report timing.

Cash Remittance System Draft Notifications

Shows the amount of funds that were called in to the Servicing Investor Reporting (S/IR) or FALCON systems, allowing servicers to reconcile the amounts to be drafted. The draft will occur for the amount(s) designated by the servicer.

 

 

 

This report will display the funds called in by servicers via CRS for A/A loans only removing S/S PFP, S/S and S/A portfolio loans. 

 

Servicers will be able to view Historical data for one year. 

 

Servicers will continue to have the ability to change the Routing/Banking Instructions on all remittance types.

Current Cycle Shortage Surplus Adjustments

This report displays loan-level detail for all completed current cycle shortage/surplus adjustment transactions by Servicer Number, Remittance Type, and Effective Date.

This report displays S/S, S/A and A/A shortage surplus adjustments and is available on 3rd Business Day.

 

 

 

This report will display A/A shortage surplus adjustments only.  

 

Report timing to change to BD3+1 (after A/A cash cycle close on BD3). 

Accepted Transactions

Accepted Transaction Report assists servicers with monthly reconciliations to address shortage/surplus issues related to the interest calculation differences on LARs. 

The report displays S/S, S/A & A/A portfolio loan data and is available on 3rd Business Day.

 

 

 

This report will display A/A portfolio loan data only.  

 

No change to report timing.

Additional LASER Reports

Allows servicers to reconcile loan data. Potential reports include 1) Lender Recap; 2) Monthly Payment Note Rate Pass-Thru Rate Change Form; 3) Final Maturity Due Report for A/A, S/A, and S/S; 4) Shortage/Surplus Analysis; and 5) Action Reject Code.

The report displays S/S, S/A & A/A portfolio loan data and is available on BD2+1. 

 

 

 

This report will display A/A portfolio loan data only.  

 

Report timing to change to BD3+1 (after A/A cash cycle close). 

Consecutive Months Delinquency Status (CMDS)

Report contains loans that have been reported in a particular delinquency status longer than the anticipated timeframe for resolution.

 

 

 

 

No Change to Report.

Daily Simple Interest and Bi-Weekly Loans Report

ACH Draft Report for Detailed Reporting Portfolios used to perform daily activity reconciliation.

 

 

 

 

No Change to Report.

DARTS Closed Modification

This report contains all the modifications that were successfully closed in Home Saver Solutions Network (HSSN)/DARTS and have bridged over to the Servicing and Investor Reporting (SIR) system for the specified month. This report includes modifications with and without Failed Business Rules (FBRs).

 

 

 

 

No Change to Report.

Del Mod Cancellation

Lists all the modifications that have been cancelled in the Home Saver Solutions Network (HSSN) /Distressed Activity Recovery Tracking System (DARTS) that required case cancellations in S/IR for servicer's portfolio during the previous day's activity.

 

 

 

 

No Change to Report.

Delinquency Exceptions Details - Multiple SSID

Delivers servicers a detailed snapshot of delinquency status codes that were rejected and need to be corrected. This report provides delinquency status code exceptions for multiple Seller-Servicer IDs in one place and displays more than 5,000 exceptions.

 

 

 

 

No Change to Report.

Delinquency Modification Failed Business Rules

This report is used to identify corrections that need to be made to loans not updated by Servicing and Investor Reporting (S/IR) due to failed business rules.

 

 

 

 

No Change to Report.

 

Delinquency Modification SS Cash P and I Reimbursement Report

This report notifies servicers of funds (Capitalized Advances that were paid to the Servicers when a Modification was closed) that will be drafted from their accounts for cancelled DelMods.

 

 

 

 

No Change to Report.

Detail Reporting Trial Balance

Each month Detail Reporting Servicers need to reconcile their portfolios balances with Fannie Mae's portfolio balances. The Detail Reporting Trial Balance reports is for the Active Detail Reporting Loans data at the end of Business Day Two. The reports will be published for consumption by servicers. This will enable the servicers to be self- sufficient in order to follow the Fannie Mae Servicing Guide in performing the monthly reconciliations.

 

 

 

 

No Change to Report.

DLRS Disbursement Notifications

Shows the dollar amount servicers will be reimbursed for delinquent or reclassified loans that have been taken out of the MBS pool and moved to the Actual/Actual portfolio.

 

 

 

 

No Change to Report.

ER Daily Report

This daily report notifies servicers of the status of their REOGram Elimination requests in the review to rescind foreclosure sales.

 

 

 

 

No Change to Report.

Expense Reimbursement Dashboard

Provides servicer with additional details into the expense reimbursement process for claims and Excess Fees and Costs requests submitted through LoanSphere Invoicing, as well servicer claims escalations submitted through the Inquiry Response Tool (IRT). This report includes trends and potential process improvement opportunities, and underlying details (loan, claim and line level) can be accessed allowing a servicer to conduct additional, individual analytics.

 

 

 

 

No Change to Report.

HomeSaver Solutions Network (HSSN)

Provides 12 months of loan-level data that master servicers and sub-servicers can use for reconciliation. This report offers a comprehensive overview of loans that are in the HSSN with information on modification, deed in lieu, second liens, pre-foreclosure and other.

 

 

 

 

No Change to Report.

LAR83 Projection and Tracking Report

This daily report provides servicers loan-level data related to ARM Note Rate/Payment projections and provides a status on Transaction Type 83 exceptions. Missing Transaction Type 83 s will be reflected on the report 5 business days after the Note Rate/Payment projection date. This report is also available via B2B for select servicers.

Note: This Report will no longer be available in FM Connect, beginning November 2019.  Visit LSDU for near real-time access to this data.

 

 

 

 

This Report will no longer be available in FM Connect, beginning November 2019, but continue to be available via B2B for select servicers. Visit LSDU for near real-time access to this data.

Loan Activity Rejects Report

This intra-day report provides servicers loan-level data when reported LAR values do not match the expected values within specified tolerances in S/IR. The report includes data related to Soft Rejects, Hard Rejects, and Missing LAR (first run only). This report is also available via B2B for select servicers.

Note: Beginning November 4, 2019, this report will move to a monthly report on BD2 (end of cycle).  The new name for this report will be: “Ending Loan Activity Rejects Report”. Visit LSDU for near real-time access to this data.

 

 

 

 

Beginning November 4, 2019, this report will move to a monthly report on BD2 (end of cycle).  The new name for this report will be: “Ending Loan Activity Rejects Report” and continue to be available via B2B for select servicers. Visit LSDU for near real-time access to this data.

Loan Activity Summary Report

Fannie Mae will provide a new report of the processing summary counts for LAR 96 transactions once every business day. This report is also available via B2B for select servicers.

 

 

 

 

No Change to Report and continue to be available via B2B for select servicers.

Loan Level SMBS

This is a monthly loan-level report that supports the draft amounts for the Excess Servicing Fee (ESF) pools.

 

 

 

 

No Change to Report.

Loan Reinstatement

This report displays loan-level data for all loans re- instated to a servicer's portfolio during the previous day's activity, sorted by servicer number, remittance type, and effective date.

 

 

 

 

No Change to Report.

Loan Reinstatement Detail Report-Monthly

This report displays loan-level data for all loans re- instated to a servicer's portfolio during the previous day's activity, sorted by servicer number, remittance type, and effective date.

 

 

 

 

No Change to Report.

Loan Removal

Displays loan-level data for all loans that need to be removed by the servicer from a servicer's portfolio or need to be reported with the correct liquidation action code, sorted by servicer number, remittance type, and effective date.

 

 

 

 

No Change to Report.

MBS Guaranty Fee Draft Notifications

Shows the amount a servicer will be drafted for a MBS Guaranty Fee to ensure that adequate funds are available in the servicer-provided account. 

 

 

 

 

No Change to Report.

Outstanding and Completed Title Issues for Servicers

This report provides both Forward and Hecm book title issues outstanding and completed for previous 2 months (starting in December 2016) and Month-To-Date of current month for the chosen servicer.

 

 

 

 

No Change to Report.

Property Preservation Pre-Foreclosure Servicer Inspections

Provides loan-level details for pre-foreclosure inspections for servicers completed in the past three months.

 

 

 

 

No Change to Report.

Remittance Detail Guaranty Fee Report

This report will provide a breakdown of loan level guaranty fee amounts to be drafted by cash settlement date. 

 

 

 

 

No Change to Report.

Remittance Update Report (Laser 1401)

Shows loan-level information for Scheduled/Scheduled (S/S) and Actual/Actual (A/A) loans, enabling servicers to compare and reconcile loan data with Fannie Mae's published data. 

 

 

 

 

No Change to Report.

SCRA Cash 1022 Report

Provides servicers with comments and guidance for any necessary resubmittals on their 1022 requests for Cash loans. This report is currently emailed to applicable servicers by their Exceptions Transaction Management (ETM) analyst.

 

 

 

 

No Change to Report.

SCRA MBS Disbursement Report

Displays disbursement amounts with corresponding benefit dates for SCRA Benefits processed for the respective month. Encompasses only MBS loans processed by the SCRA Management System.

 

 

 

 

No Change to Report.

Servicer Workout Incentives Dashboard

The report provides a monthly snapshot of workout incentives paid and unpaid to servicers including monthly volumes and payment amounts by workout type. 

 

 

 

 

No Change to Report.

Servicing Portfolio Dashboard

Report provides 13 months of total portfolio volume and delinquency data across a number of loan characteristics such as Origination Year, State, Product, etc.

 

 

 

 

No Change to Report.

Trial Balance Report (LRR03201)

Reconcile loan details closed in the previous month. It has 3 parts with key loan level data. Each part contains specific information loan accounting data, ARM loan data, and static data.

 

 

 

 

No Change to Report.

For More Information
Please contact Master Servicing at 1-800-2-FANNIE (Option 1, Option 6) if you have any questions about these changes. 

 

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