"Notices" to Provide Additional Selling and Servicing Update

Fannie Mae is launching a new type of communication to provide additional Selling and Servicing updates to lenders and servicers. "Notices" will be sent by e-mail and posted on eFannieMae.

Selling and Servicing updates will now fall into one of these categories:

• Announcements describe new, updated, or clarified policies and procedures and amend the Single-Family Selling and/or Servicing Guides.
• Lender Letters serve multiple purposes -- they announce new or updated policies or processes that are not documented in the Selling or Servicing Guides, such as policy changes that are temporary in nature (such as initiatives or pilots), upcoming Guide updates, updates to documents posted on eFannieMae.com, or disaster response information.
• Notices provide information that lenders and servicers need, but that does not require an update to the text in the Selling and/or Servicing Guides. For example, Notices may be used to communicate the availability of updated forms or uniform instruments (and their effective date for use), and updated annual area median incomes.

Notices, like Announcements and Lender Letters, are incorporated into the Guides by reference, and as such are legally binding. 

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.