Servicing Guide

Published September 9, 2020

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Should property insurance loss proceeds be remitted after the foreclosure sale?

After the foreclosure sale, or in applicable foreclosure actions where there is no foreclosure sale, after title is transferred by court order, the servicer must remit the insurance loss proceeds through the CRS. A list of special remittance codes and their uses can be found in the CRS User Guide.

For more information please see: E-4.4-02: Remitting Property Insurance Settlement Proceeds or Unearned Premium Refunds.

 

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Customers Recommend Ask Poli

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more.

Visit Selling and Servicing Guide Communications and Forms

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