Fannie Mae Servicing Guide Announcement SVC-2010-01
January 18th, 2010
Fannie Mae has released Servicing Guide Announcement SVC-2010-01, titled Trial Balance Reconciliation Requirements for Reverse Mortgages.
Introduction
Servicing Guide, Part XI, Section 104: Trial Balance Transactions
Fannie Mae is updating its reporting and reconciliation requirements for reverse mortgages. These requirements are designed to assist a servicer in tracking reverse mortgage loan activity and reconciling its accounting records with Fannie Mae’s. This Announcement addresses the following updates:
To view the Announcement in its entirety, please click here
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.