Fannie Mae Servicing Guide E-1.1-03 — Required Referral Data

Fannie Mae Servicing Guide E-1.1-03 — Required Referral Data

Effective 2014-11-12 · publisher's stamp for this provision

E-1.1-03, Required Referral Data (11/12/2014) The following table lists the information that must be sent to a law firm when a mortgage loan is referred for either bankruptcy or foreclosure proceedings. ✓ The referral must include… The following servicer information: • the servicer’s name, address, and Fannie Mae Identification Number; and • the servicer’s contact person’s name, telephone number, email address, and fax number. The following property information: • the property address, and Tax Identification Number or assessor’s parcel number (if available); • the property type (single-family, condo, co-op, etc.); • the number of dwelling units; • occupancy status; • whether the property is owner-occupied or an investment property (if an investment property, provide all known information, including number of units, occupancy status, names of any tenants, rental income, lease amounts, etc.); • whether the property is Native American land (tribal trust, allotted, restricted fee, as applicable); • the name and telephone number of the management agent for a co-op project (if applicable); and • the name and telephone number of the HOA or condominium association (if applicable). ✓ The referral must include… The following borrower information: • the borrower’s name and, if available, phone number(s) and email address; • the borrower’s mailing address (if different from property address); • the borrower’s Social Security number or Tax Identification Number; and • the borrower’s current military status (if any). The following mortgage loan information: • the servicer’s Loan Identification and Fannie Mae Loan Number; • MERS MIN, if applicable; • lien priority (first or subordinate); • original mortgage loan amount; • current UPB and LPI date; • the total amount past due (reinstatement); • the total amount due (payoff); • itemization of fees, costs, and other charges; • brief servicing history for the last 12 months (including previous foreclosure referrals, workout attempts, and bankruptcies); • the name of the mortgage insurer (if applicable); and • any other important mortgage loan characteristics (such as HECM status, Texas Section 50(a)(6) loan, etc.). In addition to all of the data elements previously mentioned in this topic, a referral to a law firm for bankruptcy proceedings will also require the following information: bankruptcy case number; bankruptcy jurisdiction; date of the bankruptcy filing; chapter under which the bankruptcy was filed; any property valuation information; breakdown of the monthly payment (principal, interest, and escrow deposits); mortgage escrow analysis (showing any shortage or surplus); and foreclosure case number, jurisdiction, and date the proceedings initiated.

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