C-4.3-01, Servicer Responsibilities Related to Investor Reporting (11/13/2024)
The following table outlines the servicer responsibilities related to reporting to Fannie Mae.
✓ | The servicer must... | |
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Use an automated format to report all loan-level transactions on its entire mortgage loan portfolio using Fannie Mae’s investor reporting system. |
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Ensure the transactions are reported in sufficient time for Fannie Mae to receive the notifications based on the following table. |
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If the transaction is... | Then the servicer must report... | |
a removal transaction (payoff, repurchase or foreclosure action) |
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not a removal transaction |
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Reconcile the investor reporting system reports it receives from Fannie Mae to its internal records and make available to Fannie Mae upon request. |
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Perform a thorough review and correct all transactional errors and data discrepancies, if applicable. |
The servicer must see Fannie Mae’s Investor Reporting Manual for additional reporting instructions, an explanation of proper reporting codes, and for the correct use of formulas and calculations.
The table below provides references to recently issued Announcements that are related to this topic.
Announcements | Issue Date |
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November 13, 2024 |