Servicing Guide

Published September 9, 2020

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What are the servicer requirements for handling invoices submitted by the law firm for judicial and non-judicial foreclosures?

Fannie Mae has established attorney fee milestone invoicing schedules for judicial and non-judicial foreclosures. The following table outlines the requirements for handling invoices the law firms submits to the servicer. 

The servicer must...
  Review the invoice and ensure the law firm has complied with the milestone invoicing schedule for the applicable jurisdiction.
  Compensate the law firm for the applicable percentage of the allowable foreclosure attorney fee based on the last milestone completed.

Note: The servicer must not prorate foreclosure attorney fees between milestones.

  Work with the law firm as needed in the applicable jurisdiction to develop invoicing standards that are in accordance with Fannie Mae’s milestone invoicing schedule requirements.

For more information please see: E-5-05, Prorated Attorney Fees / Reimbursement of Uncollected Fees, Costs or Advances

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