Servicing Guide

Published September 9, 2020

For best results, pose your search like a question.

Guide Resources

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

Visit Selling and Servicing Guide Communications and Forms

Customers Recommend Ask Poli

AskPoli

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

Launch Ask Poli  

Download PDF Guide

You can also download the printable ~800 page PDF, which include links.

Download Now

What are the procedures for requesting reimbursement for recording costs that are associated with a mortgage loan satisfaction or charge-off?

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.   

Step Servicer Action
1

At the end of each calendar quarter, create an itemized list of

  • the individual mortgage loans,

  • their respective states, and

  • the related costs paid during that quarter.

2

Complete a request for expense reimbursement.

3

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.

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles


AskPoli

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

X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.