Use the Non-Recoverable indicator when requesting reimbursement for any of these expenses. The Process Management Technology Usage Fee is reimbursable up to $25 per each reported delinquency. The BK and FC Electronic Invoice Submissions are reimbursable up to $10 for the life of the loan.
Technology Fees include the BK and FC Electronic Invoice Submissions and the Process Management Technology Usage Fee.
Servicers must populate the First Time Vacancy (FTV) Date field with the property’s vacancy date.įor additional guidelines regarding property preservation, refer to the Fannie Mae Servicing Guide E-3.2-12: Performing Property Preservation During Foreclosure Proceedings, as well as, Fannie Mae Servicing Guide F-1-05: Expense Reimbursement. Property preservation expenses, with the exception of property inspections, will not be reimbursed until the property is confirmed to be vacant. If reimbursement is requested for recurring or frequent expenses within similar time frames, supporting invoices may be required to validate the expense. Recurring expenses should not be aggregated without using the Quantity field. Claims submitted for property preservation expenses, such as cleaning, landscaping, and maintenance, must have a completion date that represents the date the expense was incurred. If the available allowable will not be sufficient, pre-approval for the total requested amount is required and must be submitted in HomeTracker. Property Preservation expenses are paid up to the published Fannie Mae allowable. This property inspection expense should be submitted using the Property Services - Specialty Inspection line item. Fannie Mae HomeTracker® approval is required for reimbursement of all Specialty Inspections. Specialty Inspections may include electrical inspections, plumbing inspections and/or system checks. This property inspection expense should be submitted using the Property Services - Hazard Loss Repair Inspection line item. NOTE: Claim filing deadlines still apply.