In accordance with C-1.2-05, Charging for a Release of Lien, the servicer must complete the steps in the following table in order to request reimbursement for recording cost it must pay in connection with mortgage loan satisfactions.
At the end of each calendar quarter, create an itemized list of
Complete a request for expense reimbursement.
Send the completed request for expense reimbursement and itemized list to Fannie Mae’s SF CPM division (see F-4-03, List of Contacts).
Fannie Mae will reimburse the servicer for any government-imposed recording costs it has to pay in connection with mortgage loan satisfactions if:
the mortgage loan is a portfolio mortgage loan or a special servicing option MBS mortgage loan; and
applicable law and/or the mortgage loan documents do not allow the servicer to charge the cost to the borrower.
In accordance with D1-1-02, Evaluating a First Lien Mortgage Loan for Charge-Off and Release of Lien, Fannie Mae will reimburse the servicer for the costs it incurs to record the required release of lien in the real property records when a mortgage loan charge-off is approved. The servicer must submit a request for reimbursement for the associated recording costs.
For more information please see Servicing Guide F-1-05, Expense Reimbursement.