The servicer must pay any necessary and actual out-of-pocket expenses in accordance with the Servicing Guide associated with the execution of a mortgage loan modification.
The servicer must pay any out-of-pocket expenses, including, but not limited to, the following:
- required notary fees,
- recording cost,
- title costs,
- property valuation fees,
- credit report fees, or
- other allowable and documented expense.
Fannie Mae will reimburse the servicer for allowable out-of-pocket expenses in accordance with this Procedure.
For more information please see Servicing Guide F-1-05, Expense Reimbursement.