Servicing Guide

Published June 10, 2020

The Servicing Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Servicing Guide in PDF format.

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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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E-4.4-02: Remitting Property Insurance Settlement Proceeds or Unearned Premium Refunds (04/10/2019)

After the foreclosure sale, or in applicable foreclosure actions where there is no foreclosure sale, after title is transferred by court order, the...

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What actions are required if an unearned premium refund for property insurance is received?

When the servicer receives an unearned premium refund, it may either remit the refund to Fannie Mae as a special remittance or, if the servicer has...

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